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Energy services provider Expro has successfully completed the plug and abandonment of Ireland’s first indigenous gas wells. Expro provided the delivery of integrated subsea and well test services over an eight-month period. View the full article
Record exports of Norway’s Johan Sverdrup crude oil are set to help meet European refineries’ needs as a deadline to phase out Russian supplies draws closer. View the full article
Subsea7 has entered into four long-term vessel charter agreements with Otto Candies LLC and Bordelon Marine LLC, to strengthen offshore construction, inspection, maintenance and repair, ROV survey, and pipe/umbilical laying support operations, in the Gulf of Mexico. View the full article
Traci Rodosta, Storage and Testing Infrastructure Program Manager for the U.S. Department of Energy Office of Fossil Energy, delivered a keynote titled, “Addressing key gaps on the critical path towards carbon capture and storage deployment.” View the full article
OPEC+ has begun discussions about lowering oil output when it meets next week, as a fragile global economy continues to weigh on crude prices. View the full article
Wood, the global consulting and engineering company, has been awarded two significant offshore contract extensions in Brazil. They include the provision of operations services for Trident Energy and maintenance solutions for Equinor. View the full article
Subsea7 has entered into four long-term vessel charter agreements with Otto Candies LLC and Bordelon Marine LLC, to strengthen offshore construction, inspection, maintenance and repair, ROV survey, and pipe/umbilical laying support operations, in the Gulf of Mexico. View the full article
Global experts and professionals in the carbon capture, utilization, and storage (CCUS) space, which is experiencing rapid growth, gathered together Wednesday on day one of Gulf Energy Information’s two-day Carbon+Intel Forum in Houston. View the full article
Shale executives have dramatically dialed back their oil-price expectations over the past three months as recession risks weigh on the market, according to the latest energy survey by the Federal Reserve Bank of Dallas. View the full article
Wood, the global consulting and engineering company, has been awarded a multi-region engineering services contract by bp to support efficient and safe energy production through the provision of asset repairs, modifications and enhancements. View the full article
Arabian Drilling Co., a Saudi Arabian oilfield-services company partly owned by Schlumberger NV, took only hours to garner enough investor orders to fully cover an initial public offering that could raise as much as 2.67 billion riyals ($710 million). View the full article
The U.S. is on track to grow oil production faster than the government is forecasting, according to a BloombergNEF analysis. View the full article
The Mangat Group, a Glendale-based land development group, announced a new partnership with Phoenix-based Liberty Petroleum Corporation in pursuit of a world-class exploration project with the potential to uncover a significant amount of oil. View the full article
The American Petroleum Institute announced that Will Hupman is returning to API as Vice President of Downstream Policy. In this role, Hupman will lead the API Downstream department and coordinate downstream issues across the organization to help advance API’s mission. 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
Long recognized as a pillar of U.S. energy production, deepwater Gulf of Mexico could help provide the resources the world needs during the energy transition. Restricting supplies of fossil fuels may seem like an answer. But society needs affordable energy sources until the net-zero goal is met. View the full article
While U.S. gasoline prices have come down from the highs seen this summer, they’re clearly still weighing on President Joe Biden, who repeated demands for oil companies to charge less. View the full article
As global natural gas markets continue to tighten and Europe braces for a challenging winter, the American Petroleum Institute and the International Association of Oil and Gas Producers released a new analysis of Europe’s natural gas market and highlighted the immense potential of U.S. LNG to help Europe strengthen its energy security. View the full article
(WO) — One of the more interesting and thoughtful panel sessions last week at Schlumberger’s Digital Forum in Luzern, Switzerland, was focused on the Energy Transition. The discussion of what should be done and how to do it, along with who should lead the way, was far-ranging. View the full article
TotalEnergies SE is investing about $1.5 billion in Qatar’s latest, mammoth natural gas development, just three months after buying into another of the nation’s expansion projects. View the full article
Offshore operators across the globe continue to push ahead with their Energy Transition strategies, seeking new, innovative ways to improve sustainability while simultaneously reducing costs and increasing efficiency. At Siemens Energy, we are seeing first-hand a willingness from customers to embrace new technologies and rethink traditional ways of working on a truly unprecedented scale. View the full article
Now, in a sign of just how much Russia’s invasion of Ukraine has thrown global energy markets into disarray, it’s natural gas, not oil, that’s becoming more coveted in U.S. shale fields. View the full article
As global natural gas markets continue to tighten and Europe braces for a challenging winter, the American Petroleum Institute and the International Association of Oil and Gas Producers released a new analysis of Europe’s natural gas market and highlighted the immense potential of U.S. LNG to help Europe strengthen its energy security. View the full article
ConocoPhillips Chairman and CEO Ryan Lance says his challenge in running a premier upstream operator is to keep producing oil and gas efficiently, generate good dividends to shareholders, harness the digital transformation’s benefits and achieve ESG goals—all simultaneously View the full article
Stephen Chazen, the former chairman, president and CEO of Magnolia Oil & Gas Corporation and former CEO of Occidental Petroleum, has died after an illness. He was 76. 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.
