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Dolphin Drilling secured a year-long, $96 million contract with Nigeria-based General Hydrocarbons Limited for the Blackford Dolphin rig. The contract will commence in the fourth quarter of this year. View the full article
The American Petroleum Institute President and CEO Mike Sommers and American Fuel and Petrochemical Manufacturers President and CEO Chet Thompson sent a letter to U.S. Secretary of Energy Jennifer Granholm raising significant concerns that the administration could pursue a ban or limits on refined petroleum products. View the full article
Brazilian state-owned oil and gas producer Petrobras awarded Sembcorp Marine Rigs & Floaters Pte, a wholly-owned subsidiary of Sembcorp Marine, a $3.05 billion contract for the P-82 FPSO vessel through an international tender. View the full article
Dolphin Drilling secured a year-long, $96 million contract with Nigerian based General Hydrocarbons Limited for the Blackford Dolphin rig. The contract will commence in the fourth quarter of this year. View the full article
Subsea7 announced that the heavy construction/flex-lay vessel Seven Arctic is to be equipped with a new energy-saving system. View the full article
Speaking at the Energy Intelligence Forum, ADNOC CEO H.E. Dr. Al Jaber said market sentiment does not reflect the real underlying fundamentals, tight spare capacity and long-term demand growth. View the full article
It’s the biggest reduction by the Organization of Petroleum Exporting Countries and its allies since 2020, but will have a smaller impact on global supply than the headline number suggests. Several member countries are already pumping well below their quotas. View the full article
Schlumberger announced it has entered into a partnership with Gradiant, a global water solutions provider, to introduce a key sustainable technology into the production process for battery-grade lithium compounds. View the full article
Veolia Water Technologies, through its subsidiary VWS Westgarth Ltd, has been awarded a multi-million-dollar contract by the Yellowtail - SBM Offshore/McDermott Joint Venture for the supply of a seawater treatment process module for the One Guyana FPSO that will operate in the Stabroek block, offshore Guyana. View the full article
Sustainable recovery and transforming the industry for the future was the theme of the opening general session Monday morning at the SPE Annual Technical Conference and Exhibition, at the George R. Brown convention center in Houston, Texas. View the full article
OPEC+ is considering a reduction in its production limit of as much as 2 million barrels a day, although the impact on global supply could be smaller. View the full article
Petrofac has officially taken over operatorship of the Northern Endeavour FPSO facility on behalf of the Australia Government, marking a major milestone in the landmark decommissioning contract. View the full article
Lisa Edvardsen Haugan has been appointed as the new President of Kongsberg Maritime, the largest business area of KONGSBERG. She takes the helm after Egil Haugsdal. View the full article
The world’s biggest oil company reiterated its warning that producers’ spare capacity is running low and said there wouldn’t be any left once China ends its Covid Zero strategy. View the full article
Heerema Marine Contractors' semi-submersible crane vessel, Thialf, crossed under the Storebaelt Bridge, known as the ‘gate to the Baltic Sea,' marking the first time a Heerema crane vessel has accessed the region. View the full article
American operator Zion Oil and Gas continues to be optimistic about a wildcat well it has drilled onshore Israel. View the full article
Heerema Marine Contractors crossed the Storebaelt Bridge, known as the ‘gate to the Baltic Sea' with the semi-submersible crane vessel Thialf, marking the first time a Heerema crane vessel has accessed the region. View the full article
These studies provide an accurate, unique, and independent assessment of carbon storage opportunities coupled with a desktop-ready database required for informed and rapid decision making. View the full article
Hungary is one of the EU nations most reliant on Russia for energy, and has seen the cost of oil and gas imports soar to an estimated $19 billion this year from $4 billion in 2019, according to government data. View the full article
OPEC+ will consider cutting oil output by more than 1 million barrels a day, according to delegates, when it meets in person on Wednesday for the first time in more than two years. View the full article
The American Petroleum Institute (API) and American Fuel & Petrochemical Manufacturers (AFPM) released a statement after a meeting that included Secretary of Energy Jennifer Granholm, senior White House officials and leaders of the top U.S. refining companies. View the full article
Skyrocketing oil prices have helped make oil and gas producers the best performers in the stock market this year, triggering a rapid rise in dividend payments and a bonanza of special dividends. View the full article
Salunda Limited announced an exclusive license agreement with Transocean to make, develop and sell HaloGuard®, the offshore drilling industry’s first safety system that integrates camera and sensor technology with drilling equipment and machine controls. View the full article
Skyrocketing oil prices have helped make oil and gas producers the best performers in the stock market this year, triggering a rapid rise in dividend payments and a bonanza of special dividends. View the full article
Belgian and Danish government representatives have entered into a ground-breaking agreement to enable captured CO2 to be shipped across their borders to be permanently stored in a sandstone reservoir 1800 meters beneath the seabed of the Danish North Sea. 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.
