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OPEC's deal will will ease a looming crude supply squeeze and reduce the risk of an inflationary oil price spike by increasing output each month beginning in August. View the full article
While the introduction of the NNPCL promises to be advantageous to the country’s energy industry, realistically, there are certain challenges that need to be promptly and properly addressed for the new NNPCL to function effectively and achieve its objectives. View the full article
The search for natural gas has drawn attention to a number of African gas projects that are likely to help Europe in the future, particularly as the EU looks to make a permanent shift away from dependence on Russian gas. View the full article
Recently, there have been several reports inaccurately portraying the efforts of the Railroad Commission of Texas to ensure that oil and gas operators are prepared to operate during the next weather emergency. I would like to set the record straight. View the full article
Hydrocarbons remain a necessary part of the global energy mix. Unlocking Uganda’s fossil-fuel resources will help meet its development needs – and even reduce emissions. View the full article
The state-owned Nigerian National Petroleum Company recently became NNPC Limited, a commercial venture. Rather than operating as a government entity, with all of the red tape and inefficiencies that went with it, the company’s focus has been shifted to productivity and earning profits. View the full article
The interest and investment in the hydrogen sector shows there is real progress being made in renewables, and that despite current market challenges, hydrogen will play a major role in global energy in the near future. View the full article
Few ideas are more economically disastrous than debt spending in an inflationary environment and raising taxes during a recession. And Democrats are planning on doing just that. View the full article
ONS announced the finalists for its 2022 Innovation Awards on Tuesday, saying the competition was fiercer than ever. View the full article
Oil has surged this year after Saudi Arabia pledged to unilaterally cut 1 million barrels a day in February and March, with Goldman Sachs Group predicting the crude rally will accelerate as demand outpaces global supply. View the full article
India’s Oil and Natural Gas Corporation Limited (ONGC), supported by ABL as tow master and marine warranty provider, has moved a record high 45 drilling rigs to new locations ahead of the Indian monsoon season. ONGC’s previous record was 37 rig moves. View the full article
By enabling "adaptive cruise-control" functionality for control room operators in critical industrial control centers, CruxOCM is transforming how the energy sector operates. View the full article
ONEOK has agreed to sell its three wholly owned interstate natural gas pipeline systems—Guardian Pipeline, Midwestern Gas Transmission, and Viking Gas Transmission—to DT Midstream for $1.2 billion in cash. View the full article
The well, drilled by the Transocean Norge rig, encountered estimated recoverable volumes between 30 million and 140 million barrels of oil equivalent (MMboe). View the full article
OMMICA has supplied portable testing kits to one of Saudi Arabia’s leading oil and gas producers, a landmark achievement after almost 15 years utilizing its in-house chemical testing methodology. View the full article
Oil headed for the biggest monthly loss since the early days of the coronavirus pandemic as investors weighed risks posed by the new omicron variant. View the full article
Oman’s state energy company raised $2 billion from the initial public offering of its exploration and production business, marking the sultanate’s biggest listing on record. View the full article
(WO) – Oman’s state energy company OQ SAOC is set to kick off the initial public offering of its methanol and liquefied petroleum gas (LPG) unit as soon as the end of this month. View the full article
OLT Offshore LNG Toscana announced that the extraordinary maintenance activities of the FSRU Toscana terminal have been successfully completed. View the full article
The companies that frac wells and make the equipment necessary to produce oil cut an estimated 12,321 jobs over a three-month stretch ending in February, according to an analysis of labor market data by the industry-funded Energy Workforce and Technology Council. View the full article
Employment in the U.S. oilfield services and equipment sector rose by an estimated 4,999 jobs to 633,198 in June, according to preliminary data. View the full article
America’s energy technology and services sector added an estimated 6,082 jobs in July, a fifth straight month of growth, according to preliminary data from the Bureau of Labor Statistics and analysis by the Energy Workforce and Technology Council. View the full article
Expro Group and Frank's International announced a definitive agreement under which the companies will combine in an all-stock transaction. Upon the closing of the transaction, Expro shareholders will own approximately 65% of the combined entity, with Frank's shareholders owning approximately 35%. View the full article
"This transaction unites two established industry players to create a leading service provider with an extensive portfolio of capabilities across the well lifecycle," said Mike Jardon, Chief Executive Officer of Expro. View the full article
Employment in the U.S. oilfield services and equipment sector rose by an estimated 6,865 jobs to 648,914 in August, according to preliminary data from the Bureau of Labor Statistics and analysis by the Energy Workforce & Technology Council. 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.
