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Ecopetrol SA sees “great potential” for E&P activity in Colombia alongside bets on U.S. fracing and offshore gas. Ecopetrol has full ownership of the CPO-09 block in Colombia's oil-rich eastern plains after completing its $452 million acquisition of Repsol SA’s 45% stake. View the full article
Wood has been awarded a $120 million contract extension by Shell UK to provide brownfield engineering, procurement and construction (EPC) and subsea and integrity management to onshore and offshore assets across the UK. View the full article
Draeger Safety UK has secured a contract extension with INEOS O&P UK. A direct continuation of the existing work scope, the agreement covers the provision and maintenance of Portable Gas Detection and Rental Robot services to support the company’s operations. View the full article
Energy industry confidence in reaching global net-zero targets is fading as policy instability, financial uncertainty and slow project approvals continue to hinder progress, according to Net Zero Jeopardy Report II by the Energy Industries Council’s (EIC) View the full article
Subsea connection systems provider UNITECH Offshore, and thermoplastic composite pipe (TCP) manufacturer, Strohm, have signed a memorandum of understanding (MoU) to develop and commercialize an integrated system for the transportation of fluids and gases. View the full article
SBM Offshore announced that its FPSO Almirante Tamandaré is formally on hire as of February 16, 2025 after achieving first oil and the completion of a 72-hour continuous production test leading to Final Acceptance. View the full article
EnerMech has secured a five-year contract extension to provide North Oil Company (NOC) with leak testing and flange management services. The award, in the Al Shaheen Oil Field, Qatar, reinforces EnerMech’s expertise and strong relationship with NOC. View the full article
Repsol has announced a partnership to adopt IBS Software's iLogistics Control Tower solution, streamlining logistics and providing an end-to-end view of the supply chain to enhance decision-making and operational efficiency across its operations. View the full article
Sentinel's Texas GulfLink deepwater port has received approval from the U.S. DOT's Maritime Administration, marking a critical step forward for crude oil exports after a multi-year review process. View the full article
Zion Oil & Gas announced a significant operational milestone as work resumes on the recompletion of the Megiddo-Jezreel 1 (MJ-01) well in Israel. This marks a crucial phase in Zion’s ongoing efforts to unlock Israel’s onshore energy potential. View the full article
Malaysia’s state-owned oil company Petronas (Petroliam Nasional Bhd) is in talks with banks for a potential $1 billion loan to fund a liquefied natural gas (LNG) project, according to people familiar with the matter. View the full article
Wood has been selected to provide operations and maintenance solutions for MTR Carbon Capture at the world’s largest membrane-based carbon capture plant in Gillette, Wyoming, the global consulting and engineering firm announced. View the full article
Malaysia’s state-owned oil company Petronas (Petroliam Nasional Bhd) is in talks with banks for a potential $1 billion loan to fund a liquefied national gas (LNG) project, according to people familiar with the matter. View the full article
Wood has been selected to provide operations and maintenance solutions for MTR Carbon Capture at the world’s largest membrane-based carbon capture plant in Gillette, Wyoming, the global consulting and engineering firm announced. View the full article
Drilling waste management specialist, TWMA*, has announced a landmark partnership with a multinational energy operator for its inaugural exploration project in Egypt, located offshore in the Mediterranean Sea. View the full article
Mozambique stands out as a key player in natural gas production and plays a crucial role in Africa’s agenda to expand electricity access and clean cooking solutions, according to NJ Ayuk, Executive Chairman of the African Energy Chamber. View the full article
Halliburton today announced the launch of the new EcoStar® electric tubing-retrievable safety valve (eTRSV). This second-generation product builds on the success of the industry’s first electric TRSV, which won the OTC Spotlight on New Technology Award in 2017. View the full article
Diamondback Energy has entered into a definitive agreement to acquire Double Eagle, significantly expanding its acreage and presence in the Permian basin. The deal holds a value of approximately $4.08 billion, with Diamondback offering up 6.9 million shares of common stock and $3 billion cash in exchange for Double Eagle's assets. View the full article
Petrobras began production from the FPSO Almirante Tamandaré (Búzios 7) on Feb. 15, 2025 in the Búzios field, located in the pre-salt layer of the Santos Basin. This is the first high-capacity unit to be installed in the field, with the potential to produce up to 225,000 bpd. View the full article
Unique Group has appointed Fraser Moonie as their Global Commercial & Strategy Development Director – Survey Equipment. Fraser will play a key role in leading and executing the strategic commercial initiatives across Unique Group’s global locations. View the full article
OPEC+ is considering pushing back a series of monthly supply increases due to begin in April despite calls from U.S. President Trump to lower prices, delegates said. Postponing the increase of 120,000 bpd would mark the fourth such delay by the alliance since 2022. View the full article
SBM Offshore has been awarded a study with Petrobras for the application of carbon capture modules on FPSOs. This compact modular solution allows a significant reduction of the overall emissions associated with oil and gas production from FPSOs. View the full article
bp has announced the start of production from the second development phase of the Raven field, offshore Egypt, which involves the subsea tieback of additional Raven infill wells to its existing onshore infrastructure as part of the West Nile Delta (WND) project. View the full article
SBM Offshore has been awarded a study with PETROBRAS for the application of Carbon Capture Modules on FPSOs. This compact modular solution allows a significant reduction of the overall emissions associated with oil and gas production from FPSOs. View the full article
Expanding opportunities within Mozambique’s oil and gas sector are strengthening ExxonMobil’s commitment to local content investments, said Armando Afonso, Public & Government Affairs Manager, ExxonMobil Mozambique at a recent roundtable. 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.
