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Libya’s Oil & Gas Minister outlined plans to boost production to 1.6 million bpd in 2025 and 2 million bpd long-term, with brownfield development and local investment at the core, during the Libya Energy & Economic Summit. View the full article
The Energy Workforce & Technology Council (EWTC) and American Petroleum Institute (API) have both issued statements applauding President Trump's swift and decisive action on Day 1 to unleash American energy.
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CNOOC has announced that Dongfang 29-1 Gas Field Development Project has commenced production. The project is expected to achieve a peak production of 38 million cubic feet of natural gas per day in 2025. View the full article
MAGA Republican leaders, the so-called ‘climate deniers’—and its leader (Trump) label climate change a “hoax.” What does this mean for climate policy and the energy transition in the U.S.? And will the change in U.S. policy affect European policy as well? View the full article
Nigeria ranks as Africa’s top destination for upstream oil and gas investment in 2024, research from Wood Mackenzie shows. The African Energy Chamber commends Nigeria for its dedication to simplifying policies and facilitating market growth in the energy sector.
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With the inauguration of U.S. President Donald Trump on January 20, the future of American involvement in Africa’s energy sector is set for a significant shift. President Trump’s approach to energy has consistently focused on strengthening American interests, particularly by prioritizing domestic energy production. View the full article
The Energy Workforce & Technology Council (EWTC) issued statements in support of President Donald J. Trump’s declaration of a national energy emergency, signaling a decisive step toward strengthening America’s energy security. View the full article
ADNOC Gas celebrated a new long-term strategic partnership with EWEC (Emirates Water and Electricity Company) to support the UAE’s energy transformation. This landmark agreement is underpinned by a 10-year flexible natural gas sales and purchase agreement between ADNOC Gas Facilities LLC and EWEC worth $10 billion. View the full article
American Petroleum Institute (API) President and CEO Mike Sommers issued a statement in response to President Trump’s Day One executive orders to unleash American energy, applauding the President's swiftness and decisiveness.
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(Bloomberg) – U.S. President Donald Trump revoked offshore oil and gas leasing bans that effectively blocked drilling in most U.S. coastal waters as he made sweeping moves his first hours in office to unleash American energy development. View the full article
Kimbell Royalty Partners, LP has closed the previously announced purchase of mineral and royalty interests held by a private seller in a cash transaction valued at approximately $230 million, subject to post-closing adjustments. View the full article
Eni is launching three exploration plays, TotalEnergies is expecting promising results from its recent onshore exploration project, and other developments were shared during an upstream IOC-led panel at the Libya Energy & Economic Summit. View the full article
Global oil and gas drilling contractor Nabors has announced it will add a third drilling rig to the Waha oil field in Libya’s Sirte Basin. The rig adds to the company’s current fleet of two rigs operating on the field. View the full article
In an exclusive interview with Energy Capital & Power, Josu Jon Imaz, CEO of Repsol, shares insights on the company’s production growth strategy, a nine-well exploration drilling campaign and its involvement in Libya’s upcoming bid round. View the full article
The American Petroleum Institute today joined with the states of Alabama, Alaska, Georgia, Louisiana and Mississippi in filing a challenge to the Biden administration’s ban on new oil and natural gas leasing across millions of acres of federal waters. View the full article
(Bloomberg) – The Biden administration advanced a plan to limit oil drilling and infrastructure across more of Alaska’s National Petroleum Reserve, a bid to lock in land protections and conservation requirements days before President-elect Donald Trump takes office. View the full article
TXO Partners, a limited partnership focused on the acquisition and development of conventional oil and natural gas in the U.S., has identified an overall natural gas resource potential of 3 TCFE across 58,500 acres in the Mancos shale region of the San Juan basin.
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ADNOC and AIQ announced today the successful proof-of-concept trial of ENERGYai, the world’s first-of-its-kind agentic artificial intelligence (AI) solution tailored for the energy sector. View the full article
TWMA is a finalist in this year’s SPE Offshore Achievement Awards. This recognition celebrates TWMA’s RotoMill®** technology, an innovative offshore processing solution that decarbonizes drilling waste operations by more than 50%. View the full article
(Bloomberg) – BP Plc is eliminating 4,700 positions internally, about 5% of its workforce, and more than 3,000 contractor jobs, CEO Murray Auchincloss told staff on Thursday, as the London-based energy giant seeks to reduce costs. View the full article
Kongsberg Maritime has successfully delivered its REACH REMOTE 1, a 24-meter unmanned surface vessel (USV) designed to transform conventional offshore operations. Its initial mission will be to conduct underwater surveys off the coast of Haugesund, Norway. View the full article
Trendsetter Vulcan Offshore (TVO), a developer of innovative solutions for the offshore industry, has engaged Finlay Johnston, through 4C Global Consultancy, to lead business development efforts for TVO in the UK. View the full article
ADNOC Gas in partnership with Baker Hughes has successfully installed British climate technology firm Levidian’s patented LOOP technology at the Habshan Gas Processing Plant. This marks the first-ever deployment of the technology at an operational gas processing site. View the full article
Kongsberg Maritime has successfully delivered its REACH REMOTE 1, a 24-meter unmanned surface vessel (USV) designed to transform conventional offshore operations. Its initial mission will be to conduct underwater surveys off the coast of Haugesund, Norway. View the full article
Helmerich & Payne, Inc. (H&P) today announced that it has completed its acquisition of KCA Deutag, establishing a global leader in onshore drilling in a deal valued at nearly $2 billion. H&P aims to expand its Middle East presence and strengthen cash flow. 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.
