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The collaboration agreement creates a new offering for customers by combining LYTT’s fiber optic data analytics and cloud-based software with Baker Hughes’ completions and well intervention hardware and service expertise. View the full article
The 30-minute fire at LyondellBasell Industries NV’s Houston refinery Tuesday underscored just how quickly U.S. gasoline production can fall at a time when the country is experiencing record-high prices at the pump. View the full article
Lundin Energy is starting with the Johan Sverdrup field offshore Norway because the direct emissions from the project are already about 40 times lower than the world average, largely because its offshore facilities are powered by electricity. View the full article
Nordic oil producer Lundin Energy AB is exploring a potential sale that could rank as one of the largest European oil and gas deals in years, people with knowledge of the matter said. View the full article
As a result of geological exploration and production drilling conducted in 2020, Lukoil added 464 million barrels of oil equivalent to its proved reserves. The largest contribution was made by the assets in West Siberia, Ural region, Timan-Pechora and Russian sector of the Caspian Sea. View the full article
Gasoline demand in the world’s largest economy is heading into one of its traditional peak seasons with some of the lowest stockpiles in almost three decades. View the full article
While the Biden administration promises to create millions of jobs on the march to carbon-neutral energy, the work that will be created won't look, or pay, like that with which oil and gas crews are accustomed. View the full article
Louisiana is investigating the source of a cloud of methane that was spotted from space near multiple natural gas pipelines. View the full article
As U.S. House Democrats inch closer to striking a deal on a massive Budget Reconciliation package with their counterparts in the Senate, it is important to note the potential implications for jobs in the upstream sector of the U.S. oil and gas industry. View the full article
Nearly three dozen companies and trade associations will open their legal fight against the vehicle standards Thursday, filing petitions with the U.S. Court of Appeals for the District of Columbia Circuit. The challengers include such oil and gas industry heavyweights as the American Petroleum Institute as well as the National Corn Growers Association, which backs ethanol. View the full article
Through the agreement, Longboat farmed-in to two near-term, gas weighted exploration prospects on the Norwegian Continental Shelf targeting combined gross unrisked mean prospective resources of 223 mmboe1. View the full article
Through the agreement, Longboat farmed-in to two near-term, gas weighted exploration prospects on the Norwegian Continental Shelf targeting combined gross unrisked mean prospective resources of 223 MMboe. View the full article
Logan Industries International Corporation has successfully delivered a subsea grease injection unit as part of a complete subsea wireline pressure control system for a major subsea oil and gas company. View the full article
Spot freight rates for liquefied natural gas tankers in the Asia-Pacific have surged to record highs as a steady flow of U.S. cargoes to the region boosts demand for ships. 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
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
Philip LeJeune, LLOG’s President and CEO said “We are pleased to announce first oil from our Praline field, our first pipe-in-pipe tieback, and the continued successful development of our high quality prospect inventory. Praline is the first of four tieback projects we expect to have online in the next year." View the full article
Liz Truss won the bitter race to succeed Boris Johnson as UK prime minister, and will take power with the country facing brutal economic headwinds that threaten to plunge millions of Britons into poverty this winter. View the full article
Libya boosted oil production to more than 1 million barrels a day, a milestone for the North African country where output had more than halved since mid-April. View the full article
Libya’s parliament-backed prime minister said closed oil fields and ports in the OPEC country may soon reopen, though his rival’s energy minister said negotiations with protesters were proving difficult. View the full article
Libya’s oil production has fallen below 1 million barrels a day for the first time in months as a budgetary dispute hinders the OPEC member’s ability to fix war-damaged infrastructure. View the full article
Libya’s oil production has risen in the past week to around 700,000 to 800,000 barrels a day, according to Energy Minister Mohamed Oun. View the full article
Libya’s oil production has almost fully halted as a political crisis leads to more shutdowns of ports and fields. View the full article
Libya’s oil ministry said fields shut down by protesters may reopen within days, potentially allowing the OPEC member to get back to full production. View the full article
Libya’s crude exports climbed after a ban on production and shipments was lifted in mid-July, a trend that may help cool fears about the OPEC member’s ability to supply global markets. 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.