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LLOG Exploration Company, a privately-owned exploration and production company focused on the deepwater Gulf of Mexico, has announced the achievement of several significant milestones in the construction of the Salamanca Floating Production Unit (FPU). View the full article
Prosafe has signed a contract extension with Petróleo Brasileiro S.A. (Petrobras) for the provision of the Safe Zephyrus semi-submersible vessel for safety and maintenance support offshore Brazil. View the full article
Shell has announced that oil discovered offshore Namibia in PEL 39 cannot be currently confirmed for commercial development. As such, the company will write down $400 million, citing technical and geological difficulties. View the full article
TotalEnergies, Basra Oil Company and QatarEnergy broke ground on a $250 million project to capture gas from the Ratawi oil field in Southern Iraq. The planned facility will process 50 million cu. ft. per day of gas that was previously flared, TotalEnergies stated. View the full article
Subsea 7 has secured a contract with Equinor for a front-end engineering and design (FEED) study with EPCI option for the Fram Sør development project, offshore Norway. View the full article
Constellation and Calpine Corp. today announced they have entered into a definitive agreement under which Constellation will acquire Calpine in a cash and stock transaction valued at an equity purchase price of approximately $16.4 billion. View the full article
Shell and Chevron announced the start of oil production from the Whale semisubmersible platform in the deepwater U.S. Gulf of Mexico. Chevron owns 40% working interest in Whale, with Shell owning 60% interest as operator. Estimated peak production from the Whale development is 100,000 gross boed. View the full article
An Environmental Statement developed by Xodus Group helped to pave the way for a major carbon capture and storage (CCS) project to become the UK’s first to reach financial close. The ES is the first for a CCS project in the UK to have reached this stage. View the full article
Chevron has commenced production from the Whale semisubmersible platform in the deepwater U.S. Gulf of Mexico. Chevron owns 40% working interest in Whale, with Shell owning 60% interest as operator. Estimated peak production from the Whale development is 100,000 gross boed. View the full article
(Bloomberg) – Norway’s oil and gas companies delivered record levels of natural gas in 2024 and will drill a similar number of exploration wells this coming year, in a push to offset production declines later in the decade. View the full article
Energy NL has made a submission to the Government of Canada Gazette 1 consultation process, requesting that the federal government abandon its proposed 'Oil and Gas Sector Greenhouse Gas Emissions Cap Regulations.' View the full article
Chevron has announced the start of oil production from the Whale semisubmersible platform in the deepwater U.S. Gulf of Mexico. Estimated peak production from the Whale development is 100,000 gross boed, with up to 15 wells in the first phase. View the full article
Elected officials and trade groups representing businesses across the supply chain are sounding the alarm over the Biden administration’s 11th hour decision to ban new oil and natural gas activity across millions of acres of federal waters. View the full article
Europe’s oil and gas industry is increasingly leveraging AI to optimize operations across its value chain as the region faces growing energy security concerns, according to a new research report published by Information Services Group (ISG). View the full article
ASCO has secured a five-year contract for base and logistics services for Aker BP in Norway. The agreement also includes continued services in warehouse management, load carriers, waste services, and personnel leasing for logistics and helicopter coordination. View the full article
Pioneer Energy has been granted four awards by the U.S. DOE totaling $27 million. Pioneer will use the funds to advance its Emission Control Treater™ (ECT), a near-zero emissions well pad production technology that can increase crude yield by 5-10%. View the full article
SLB has been awarded a series of major drilling contracts by Shell to support capital-efficient energy development across its deep- and ultra-deepwater assets in the UK North Sea, Trinidad and Tobago, the Gulf of Mexico and others. View the full article
DeepOcean has signed a charter contract for the high-spec subsea vessel Orient Adventurer. The new capacity aligns with the company’s subsea capabilities across both the offshore renewables and conventional energy sectors in multiple regions. View the full article
(Bloomberg) – Oil companies declined to bid in a U.S. government auction to drill in the Arctic National Wildlife Refuge, as industry interest wanes in a region that’s rich with crude but difficult to develop. View the full article
CB&I has been awarded a substantial contract by TJN Ruwais JV for engineering, procurement, and construction (EPC) of two cryogenic tanks and associated work for its liquefied natural gas (LNG) project, in Ruwais, Abu Dhabi, UAE. View the full article
Enverus has released its list of the most prolific 50 public oil and gas operators in the U.S. based on gross operated production last year. "Oilpatch mergers reshape rankings, but the Permian remains king," Enverus reported. View the full article
Murphy Oil announced that its subsidiary has drilled an oil discovery at the Hai Su Vang-1X exploration well in Block 15-2/17 in the Cuu Long Basin, located 40 miles offshore Vietnam. View the full article
Kimbell Royalty Partners has agreed to acquire mineral and royalty interests held by a private seller in a cash and unit transaction valued at approximately $231 million. The acquired assets, located in the Midland basin, will produce an estimated 1,842 boed in 2025. View the full article
(Bloomberg) – Hess Corp. expressed confidence in prevailing in arbitration brought by Exxon Mobil Corp. over a massive oil project in Guyana's Stabroek block. The legal outcome will prove key to advancing the stalled $53 billion Hess-Chevron merger. View the full article
Trillion Energy has announced the successful installation of 2 3/8” velocity string tubing (VS) into the Alapli-2 natural gas well, marking a significant step in the company's efforts to enhance long-term gas production at the SASB field. 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.
