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(WO) — A surge in energy demand from technology giants that are rapidly developing cloud computing and artificial intelligence — known as hyperscalers — is becoming a major boon for the fossil fuel industry. View the full article
This is the final article in our three-part series exploring the American Petroleum Institute’s (API's) standards development process. In this final article, we turn our attention to the final stages of this process: the approval, publication and ongoing maintenance of a standard. View the full article
This is the final article in our three-part series exploring the American Petroleum Institute’s (API's) standards development process. In this final article, we turn our attention to the final stages of this process: the approval, publication and ongoing maintenance of a standard. View the full article
(WO) — Israel refrained from striking Iran’s energy infrastructure in its long-awaited bombardment of the OPEC nation over the weekend, sending crude prices crashing, and turning many traders' options bets worthless
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(WO) — TotalEnergies announces that the Harald East Middle Jurassic nearby exploration well (HEMJ-1X) has discovered additional gas condensate resources in the Harald field, in the Danish North Sea. View the full article
(WO) — The National Petroleum Corp. of Namibia aims to triple its stake in future oil and gas projects to 30% as the southern African nation is set for a surge in activity following multiple offshore discoveries. View the full article
(WO) — SLB today announced the award of a contract by bp to its OneSubsea joint venture for a subsea boosting system in the greenfield development of the Kaskida project in the deepwater U.S. Gulf of Mexico.
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(WO) — National oil companies tend to be more bloated and less efficient than their private-sector counterparts. Yet Petroleos Mexicanos, with a workforce of about 128,000, stands out even among its state-owned peers. View the full article
(WO) — WPC Energy, the World Forum for Energy Transformation, has announced the appointment of Burcu Canci Gunal as Director General (CEO), effective January 1, 2025 View the full article
(WO) — Vantage Drilling International announces the first day of trading its shares on Euronext Growth Oslo. The listing follows a series of value accretive transactions, including the previously announced MoU with TotalEnergies. View the full article
(WO) — Cnooc Ltd. posted a rise in Q3 profit after the company offset lower crude oil prices with increased output. The state-owned firm has a prominent role in raising output to meet targets for energy security, a task that has greater importance as the geopolitical landscape becomes more uncertain. View the full article
(WO) — Baker Hughes has won contracts with Petrobras to provide flexible pipe systems in Brazil’s pre-salt fields. The multi-year project includes risers and flowlines for hydrocarbon production and associated gas and water injection with support for equipment storage, maintenance and installation. View the full article
(WO) — Oil, gas and coal producers stand to gain from a Trump victory in myriad ways, with Trump promising to reverse many Biden policies that have hindered the industry. View the full article
(WO) — Saudi Aramco’s venture arm has earmarked $100 million to invest in artificial intelligence startups as it looks to accelerate Saudi Arabia’s push to become a more competitive force in global AI. View the full article
(WO) — Film-Ocean Ltd, a leading ROV specialist based in Ellon, Aberdeenshire, has announced the appointment of Mr. Merv New as its new Chief Executive Officer. View the full article
(WO) — Suriname, which is on the verge of becoming a major South American energy producer, is ruling out more borrowing against future oil production, according to its finance minister. View the full article
(WO) — Techouse has teamed up with TotalEnergies, Equinor and SINTEF Energy Research, to develop and test a compact, lightweight once-through steam generator (OTSG) to reduce fuel consumption and CO2 emissions from offshore oil and gas installations. View the full article
(WO) — Venezuela’s Vice President Delcy Rodríguez met with Indian energy officials on Friday to explore new oil and gas partnerships between both countries. View the full article
(WO) — Leading trade body Offshore Energies U.K. (OEUK) urges the Chancellor to use next week’s Autumn Statement to back the U.K.’s homegrown offshore energy sector and make the U.K. an irresistible place for energy investment. View the full article
(WO) — In partnership with a Calgary-based private operator, Epsilon will earn a 25% working interest in undeveloped lands, covering approx. 150,000 gross total acres in the Mannville and Upper Viking formations and targeting horizontal drilling of oil wells View the full article
(WO) — Transocean Ltd. is in talks to merge with rival offshore drilling contractor Seadrill Ltd., as deepwater drilling work is once again on the rise thanks to steady oil prices and slower production growth from U.S. shale fields. View the full article
(WO) — Eni and KKR have signed an agreement under which KKR will take a 25% stake in Enilive’s share capital, for a total of $3.2 billion. The transaction brings together both companies' expertise to strengthen their energy businesses. View the full article
(WO) — Eni and KKR have signed an agreement under which KKR will take a 25% stake in Enilive’s share capital, for a total of €2.938 billion. The transaction brings together both companies' expertise to strengthen their energy businesses. View the full article
(WO) — U.S. natural gas production from shale and tight formations decreased slightly in the first nine months of 2024 compared with the same period in 2023, according the U.S. Energy Information Administration (EIA). View the full article
The history behind CEM (Corrosion-Erosion Monitor) is a story of how failures can lead to success. Acoustic guided waves were the solution necessary to achieve reliable wall thickness monitoring of pipes. 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.
