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The events of this year have encouraged Railroad Commissioner Jim Wright to expand his goal to include the mission at the heart of RRC: to minimize waste of Texas' natural resources. View the full article
U.S. natural gas futures plunged to the lowest since July as the weather forecast for the new year shifted milder and record-high prices in Europe plunged. View the full article
Proserv Controls has secured a significant contract to manufacture and deliver 22 wellhead control panels to the Basra Oil Company for use on the Majnoon Oil Field in southern Iraq. View the full article
Halliburton Company introduced ExpressFiber, a single-use fiber optic cable that offers accurate, direct subsurface measurements, including cross-well communication, at a price point that enables fracture monitoring on every well pad. View the full article
Google will start selling its cloud-computing services in Saudi Arabia through a deal with oil producer Aramco, risking a backlash from staff who oppose doing business with the fossil fuel industry or regimes accused of human rights abuses. View the full article
The deal includes all INEOS Oil and Gas interests in production, licenses, fields, facilities and pipelines, on the Norwegian continental shelf and continues to rebalance INEOS’ oil and gas portfolio. View the full article
Oil futures dropped back below $69 a barrel on Tuesday, mirroring wider markets where the dollar rose and U.S. equity futures pared gains as the recent surge in various assets brought on inflation concerns. View the full article
Damage to Port Fourchon, which services about 90% of output from U.S. Gulf deepwater oil and natural gas wells, is extensive and widespread, Chett Chiasson, executive director of the Greater Lafourche Port Commission said in an NPR interview Tuesday. View the full article
Favorable hedge positions represent the biggest test yet of shale’s newfound resolve to act with discipline and focus on investor returns, and avoid a return to the relentless pursuit of growth. View the full article
The United Arab Emirates has resolved its standoff with OPEC+ and reached a compromise deal that will give it a new output quota, said a delegate. View the full article
The platform now enables operators to integrate DAS data with offset pressure, microseismic, tracers, logs, and geologic information for a 360-degree interpretation of the physics driving well, pad, and unit development performance. View the full article
Offshore Energies UK has given its backing to plans by Equinor and its partners to progress a major oil and gas field on the UK continental shelf. View the full article
The Noia Oil and Gas Conference 2021 concluded after two highly successful days discussing the recent challenges faced but with a keen focus on creating a successful future for the Newfoundland and Labrador offshore oil and gas industry. View the full article
ADNOC Drilling Company announced its financial results for the half year and second quarter ending June 30, which show its net profit for the first half significantly grew by 34% to $379 million. View the full article
Iran started its first transfer of crude oil via its strategic Goreh-Jask pipeline, allowing the country to bypass the Strait of Hormuz, the state-run Islamic Republic News Agency reported. View the full article
It’s been a roller-coaster ride for natural gas this year, with most of the time spent climbing to newer heights. The worst is far from over with frigid winter weather on the horizon for many parts of the world, while fears remain that the market may stay out of balance through much of next year. View the full article
Talos has taken a leadership role in the developing market for global emissions reductions, but additional CCS capacity is required to meet global emissions reductions and climate objectives. View the full article
Oil extended losses after Saudi Arabia slashed crude prices for Asian buyers, raising the prospect of fierce competition among sellers as the resurgence of Covid-19 continues to cloud the demand outlook. View the full article
A potential release from the U.S. Strategic Petroleum Reserve intended to bring down gasoline prices may have little effect, oil market participants warn, even as the Biden administration floats the idea as a way to provide immediate relief at the pump. View the full article
This achievement further establishes the company as a strategic player in the international energy sector and marks a 22% increase in production from 2021. View the full article
A new joint venture between EnerMech and Oil & Gas Proserv, an affiliated company of Nobel Energy Group in Azerbaijan, has secured its first two contracts in the region totaling $3 million. View the full article
Costs for everything from labor to diesel to steel have climbed in the oil field this year as explorers return to work following last year’s pandemic-driven crash in crude prices. Steel prices for the drill pipe used in new wells could rise about 50% in 2021, Citigroup said. View the full article
Liberty Oilfield Services Inc. posted its best quarterly sales since going public more than four years ago as the global energy crisis spurs a boom in demand for fracing. View the full article
The Biden administration’s unprecedented, coordinated attempt to tame oil prices by authorizing one of the biggest ever draw-downs of U.S. crude reserves has elicited a collective shrug from the oil industry. View the full article
Leveraging an intelligent and dynamic downhole automated control system that instantly interprets and acts on data, Schlumberger continues to advance its digital offering enhancing well construction performance. 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.