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The awarded PSCs encompass a portfolio of 12 fields, comprising oil and gas assets within the Malay basin in Peninsular Malaysia. Located within a proven oil and gas basin and in close proximity to existing infrastructure, these DRO clusters offer synergistic development opportunities for monetization. View the full article
Stratagraph, a leader in geological services to the oil and gas industry for the past six decades, announces a new strategic partnership with cutting-edge clean energy technology company, Petrolern LLC. View the full article
Stratagraph, a leader in geological services to the oil and gas industry for the past six decades, announces a new strategic partnership with cutting-edge clean energy technology company, Petrolern LLC. View the full article
Petrofac has officially taken over operatorship of the Northern Endeavour FPSO facility on behalf of the Australia Government, marking a major milestone in the landmark decommissioning contract. View the full article
UK oilfield service provider Petrofac Ltd. must pay a $95 million penalty by a London judge for failing to prevent bribery between 2011 and 2017. View the full article
Under the agreement, Petrofac will provide technical and engineering support for key onshore and offshore assets, including five offshore steel jacket facilities in the Alba Field and the Alba Gas Plant onshore. View the full article
The facility which Petrofac will continue to manage is one of the largest in the Gulf, and handles around 55% of Iraq’s crude oil exports. View the full article
Petrofac secured a contract with bp to develop operational procedures for their Greater Tortue
Ahmeyim (GTA) Project in Mauritania and Senegal. View the full article
Petrofac secured a contract with bp to develop operational procedures for their Greater Tortue
Ahmeyim (GTA) Project in Mauritania and Senegal. View the full article
Petrofac has collaborated with asset management specialist James Fisher Asset Information Services to eliminate the need for offshore surveys ahead of modification scopes, reducing time and cost. View the full article
Petrofac, a global energy industry services provider, has been selected by i3 Energy to provide well engineering, well operations and well operator services for its UK North Sea license areas. View the full article
Petrofac has been awarded a multi-million-dollar, two-year contract by Bapco Upstream. Petrofac will support Bapco's production plans to meet gas demands for Bahrain through the delivery of well hook-ups, associated pipelines and tie-ins for several new wells within the Bahrain Field. View the full article
Petrofac has signed an agreement with carbon capture technology company, CO2 Capsol, which enables collaboration on carbon capture projects. View the full article
Petrodel Resources Ltd., oil and gas reserves development and energy company, has announced its intention to revive its operations in Tanzania. View the full article
Petrodec, a decommissioning services specialist, has commenced on the decommissioning of the Amethyst A2D platform in the Amethyst gas field in the UK Southern North Sea. View the full article
China’s largest oil and gas driller said production rose to 905.5 MMboe in the period. Beijing has pushed its state-owned oil giants to invest heavily in production to help the nation meet energy security goals. View the full article
China’s quick recovery from Covid-19 means that its demand for oil and gas has fully recovered from the pandemic-induced swoon of early 2020, and President Xi Jinping continues to make energy security a top priority. View the full article
Block 14 and Block 15 were part of the Suriname Shallow Offshore 2 Bid Round 2023-2024. The blocks are in the eastern part of the Suriname-Guyana basin and border Block 52, where oil and gas discoveries have previously been made. Block 14 has water depths of 50 to 75 m, and Block 15 from 75 to 150 m. View the full article
The U.S. Export-Import Bank authorized a $690 million loan to help build a petrochemical plant in Malaysia, despite objections from climate activists. View the full article
Following the recent acquisition of PetroChad Mangara (PCM) by Perenco, PCM announced the successful export of its first barrel to the Chad-Cameroon pipeline. View the full article
The MoU establishes a governance platform supporting Petrobras’ and Shearwater’s joint effort to innovate technologies that improve insights to the subsurface and enhance data value, while also reducing the time, cost and environmental impact of seismic acquisition projects. View the full article
Set to face a shortfall of natural gas at the start of next year, Colombia’s hopes are riding on the future potential of its deepwater wells. Ecopetrol’s offshore chief, Elsa Jaimes, said in an interview last month that production from Caribbean waters could come online as early as 2029, depending on approvals from local communities and securing environmental licenses. View the full article
Brazil’s state-controlled oil company saw its earnings surge to a record for the second quarter, providing relief to investors who were rattled by a messy management change earlier this year. View the full article
This digital twin can increase production by roughly 1%. After two years of tests, the technology developed by the Brazilian company ESSS, based in Florianópolis (Santa Catarina), was validated and is ready for use. View the full article
Baker Hughes’ integrated approach will deploy wireline, coiled tubing, cementing, tubular running, wellbore intervention, fishing, and geosciences services in all of Petrobras’ offshore fields. The agreement also includes Baker Hughes remedial tools, completion fluids and production chemicals. 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.
