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The FEED work will be based on the scope of the Unit Development Plan approved by the Mexican Hydrocarbon Commission (CNH) last year. It covers the planning of two offshore platforms, 68 km of pipelines and cables as well as a new onshore facility, fully dedicated to the Zama project, located in the Dos Bocas Maritime Terminal, in Paraiso, Tabasco. View the full article
The oil futures curve is continuing to indicate tightness. The market is in a backwardation of almost $6 a barrel for the next 12 months, a structure that indicates scarce supplies. View the full article
Mozambican businesses looking to cash in on Africa’s biggest private investment are facing disaster after an attack by Islamic State-linked militants on a town close to Total SE’s $20 billion natural gas export project. View the full article
The pipeline, which will carry Canadian oil-sands crude from Alberta to Superior, Wisconsin, has faced fierce opposition from indigenous and environmental groups, who clashed with law enforcement last week. View the full article
LNG supplies entering European grids in July fell to the lowest for that month in three years, and the outlook for this month is even more grim. View the full article
Big swings in the price of oil derivatives signaled that U.S. crude supply is getting tighter, adding another dimension to the volatility that’s gripping energy markets. View the full article
Oil rebounded from another sharp drop as OPEC ministers prepared to meet amid booming volatility. View the full article
Continental Resources Inc., Hess Corp. and Matador Resources Co. signaled plans to raise production from U.S. shale basins, a potential harbinger of things to come as Big Oil prepares to report results later this week. View the full article
The UK government’s decision to impose a 65% tax rate on the nation’s offshore energy providers will do long-term damage to the industry – and raise the risk of future energy shortages, OEUK has told the government. View the full article
In the more than a quarter century since Shell Plc left Ogoniland in southern Nigeria, oil has continued to ooze from dormant wellheads and active pipelines, leaving the 386-square mile kingdom’s wetlands shimmering with a greasy rainbow sheen. View the full article
The report, Connected Digital Twin Insights: Rising to the Challenge across the UK Energy Sector and Beyond, explores the opportunities, benefits, barriers, and risks of connected digital twins in the UK energy sector and looks for the answer to a fundamental question – “How can I trust my digital twin?” View the full article
In practical terms, the oil sands revision clipped Exxon’s future growth prospects until oil prices rise, costs slide or technological advances make it profitable to drill those fields. View the full article
Abu Dhabi is weighing the sale of a stake in its biggest utility as the oil-rich emirate seeks more international investment in its marquee assets, people familiar with the matter said. View the full article
Climate activists that failed in their attempt to stop oil and gas drilling in Norway’s Arctic are taking the case to the European Court of Human Rights. View the full article
Schlumberger's Optiq solutions provide continuous and instantaneous measurements, and when coupled with Schlumberger’s broad digital offering, deliver actionable insights leading to greater operational performance, efficiency, and reduced environmental impact. View the full article
China’s widening power crisis, which has forced rationing across the country and threatens to derail economic growth, is prompting policy makers to rethink the pace of the nation’s energy transition. View the full article
Shale drillers’ newfound commitment to production discipline appears to be paying off as crude plunges toward a bear market. View the full article
Neptune Energy and its partners discovered up to 24 million recoverable barrels of oil equivalent at the Hamlet exploration wells (PL153) in the Norwegian sector of the North Sea, the company and its partners announced. View the full article
A helicopter carrying nine people near India’s Oil and Natural Gas Corporation’s Sagar Kiran offshore rig landed in the Arabian Sea on Tuesday morning, killing four. View the full article
The American Bureau of Shipping (ABS) is providing New Technology Qualification services for pioneering subsea storage technology from NOV. View the full article
World oil consumption will see a year-on-year increase of 2.3 MMbpd in the second half, about 150,000 bpd more than during the first, amid continued economic growth in China and other emerging economies, OPEC said in a monthly report. View the full article
The project would be the first of its kind in the Mediterranean, Energean CEO Matthaios Rigas said at a conference Wednesday. View the full article
“I expect international activity growth to accelerate, and the early positive momentum in North America gives me confidence in the activity cadence for the rest of the year,” CEO Jeff Miller said in a statement. “I am optimistic about how this transition year is shaping up.” View the full article
Transocean Ltd. is planning to raise cash and cut debt by selling new shares, taking advantage of a surge in its stock price driven by the meme-stock frenzy and rising oil prices. View the full article
The court of appeals in Nigeria’s capital, Abuja, overturned a 2019 ruling that granted Shell Petroleum Development Co. the right to renew its operating license for the Oil Mineral Lease 11 field. Those rights will transfer to the state-owned Nigerian National Petroleum Corp. 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.
