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The agreement’s scope is to deliver human resources solutions for Repsol’s multi-disciplinary resourcing needs in areas such as drilling and wells, geology and subsurface, HSE, logistics, operations, maintenance, decommissioning, administrative support and cost control. View the full article
Exxon filed an environmental authorization application with the government Monday for an investment that’s expected to boost the country’s overall production capacity to nearly 1.5 MMbpd, about the same as OPEC member Nigeria. View the full article
Enverus has released its annual list of the 100 most prolific private oil and gas producers in the U.S. based on gross operated production, well count and rig movements across last year. Continental Resources and Ascent Resources remain in the top two positions on the list, with Aethon Energy moving up to the third position, according to Enverus. View the full article
Barclays CEO CS Venkatakrishnan joins a growing chorus of Wall Street CEOs from Citigroup Inc.’s Jane Fraser to JPMorgan Chase & Co.’s Jamie Dimon and Goldman Sachs Group Inc.’s David Solomon, who have all cautioned that a complete withdrawal from oil and gas comes with unacceptable energy security risks. View the full article
Summit Carbon Solutions has received the green light from Iowa regulators to construct the Midwest Carbon Express, a 688-mile pipeline spanning 29 counties. View the full article
Exxon filed an environmental authorization application with the government Monday for an investment that’s expected to boost the country’s overall production capacity to nearly 1.5 MMbpd, about the same as OPEC member Nigeria. View the full article
The shale asset (named Tatonka, approx. 46,500 acre) is in Texas with access to the Gulf Coast industrial area, which includes LNG export terminals and ammonia plants. MEPUSA will begin a drilling campaign to evaluate the well performance and develop and operate the asset for full-scale development after 2026. View the full article
MPF5 was launched from the SWS dry dock following the successful completion of planned construction activities, including hull erection, equipment installation and piping outfitting. View the full article
This SURF EPCI contract includes a substantial fabrication scope and offshore work over three years, with the first campaign beginning in 2025. Ocean Installer has also secured a separate contract for replacing a 4 km, 10” flexible flowline at the Troll B field in 2025. View the full article
Despite unprecedented energy challenges, 68% of oil and gas industry leaders express optimism for sector growth in the coming year. This confidence, revealed in a survey by DNV, underscores the sector's resilience as it balances immediate demands with long-term environmental responsibilities. View the full article
Barclays CEO CS Venkatakrishnan joins a growing chorus of Wall Street CEOs from Citigroup Inc.’s Jane Fraser to JPMorgan Chase & Co.’s Jamie Dimon and Goldman Sachs Group Inc.’s David Solomon, who have all cautioned that a complete withdrawal from oil and gas comes with unacceptable energy security risks. View the full article
Enverus has released its annual list of the 100 most prolific private oil and gas producers in the U.S. based on gross operated production, well count and rig movements across last year. Continental Resources and Ascent Resources remain in the top two positions on the list, with Aethon Energy moving up to the third position, according to Enverus. View the full article
The Mohican ROV system will be used to document sea floor communities and species of interest at various depths up to a rating of 2,000 m. Anticipated areas of focus will include proposed and established marine protection areas as well as other biologically significant locations of interest in the marine environment on the continental shelf. View the full article
Guyana has been urging the Exxon-led consortium to develop its offshore natural gas reserves. Exxon plans to complete an appraisal of the natural gas findings by early next year and explore commercialization options. View the full article
Heirloom Carbon is banking on the region’s many oil workers contributing to its facility's buildout and operation thanks to their transferable skills with machinery and the wells needed to store carbon safely underground. View the full article
ATP will pay 100% of the work program, which initially consists of drilling and completing the AND-4 and AND-5 wells in the Andorinha field and a workover in the CR-2 well located in the POT-T-281 block. View the full article
The aim of the agreement is to set out the next steps for implementing a gas to industry business through, on one side, commercialization of domestic gas and, on the other, the creation of a midstream compressed natural gas (“CNG”) partnership to supply Morocco’s growing industrial energy needs. View the full article
Goldman Sachs has appointed John Hess to its board of directors. This announcement comes as Goldman advises Hess' company on its $53 billion acquisition by Chevron. View the full article
In March 2024, Equinor and DNO delineated the Heisenberg discovery, estimating recoverable volumes of 24 to 56 MMboe. They plan to drill a new well in the second quarter of 2024 to explore the Angel prospect and further delineate Heisenberg. View the full article
The Atlantis field was discovered in 2020. Its total recoverable reserves are estimated at 65 Mmboe, with upside potential. This puts Atlantis among the largest offshore discoveries made on the Norwegian Continental Shelf in the last decade. View the full article
Situated close to producing Block B, which houses the Zafiro field, the blocks are considered to be highly-prospective and are poised to play a major part in revitalizing exploration and production offshore Equatorial Guinea. View the full article
In a Tuesday panel at URTeC 2024, a key industry concern was to “make sure the talent is always flowing.” That was the sentiment expressed by Gretchen Gillis, Senior Geological Consultant, Saudi Aramco, Americas, drawing on a combination of experience with academia and the oil and gas industry. Other panelists included Dr. Zoya Heidari, Associate Professor, The University of Texas, Austin; Dr. Shaina Kelly, Assistant Professor, Columbia University; and Katerina Yared, Project Manager, Projeo Cor
ExxonMobil has started appraisal drilling at its Lau-Lau 2 well site in the prolific Stabroek Block offshore Guyana, where it had previously discovered over 300 ft of oil at the Lau-Lau 1 well. The Maritime Administration Department announced that this appraisal, conducted by the drillship MODU Noble Sam Croft, will run from June 16 to July 31, 2024. View the full article
The arbitration process to determine whether ExxonMobil can block the $53 billion sale of Hess Corp to Chevron is stalled due to the incomplete appointment of a third arbitrator, according to people familiar with the matter. View the full article
“The federal Liberal and NDP coalition has passed draconian legislation that will irreparably harm Canadian’s ability to hear the truth about the energy industry and Alberta’s successes in reducing global emissions," said Alberta Premier Danielle Smith, along with Canadian Minister of Energy and Minerals Brian Jean and Environment and Protected Areas Minister Rebecca Schulz. View the full article
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About this blog
I started this blog to express what I sense about the highs and lows of the oil realm, while cautiously analysing historical data, taking into account the geo-political development at the time of recording them.
I got into this field, having been a passive observer of fluctuations of crude oil prices and their global consequences for years.
Then, when on the day of Great Oil Crash in April, 2020, I made a decision to make my own blog, with the motto, ‘analysing data that really matters’.
Having come from an academic background in mathematics and physics, I analyse data using my own tools, created with JavaScript and Python, taking my decision on board while making decisions.
