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The Scarborough Energy Project has all primary environmental approvals in place, and offshore work is progressing well. The Federal Court proceedings sought an injunction to stop offshore activities for the Scarborough Energy Project. The parties have agreed to seek orders from the Court to dismiss the proceedings. View the full article
The new build FSO, based on a Suezmax-type hull, will be equipped with a Disconnectable Turret Mooring (“DTM”) system designed by SBM Offshore. The FSO will be moored in water depth of about 2,500 m and will be able to store around 950,000 bbl of crude oil. View the full article
The Sangomar Field Development Phase 1 features the Léopold Sédar Senghor FPSO, named after the first president of Senegal, which is moored approximately 100 km offshore Senegal, with a nameplate capacity of 100,000 bpd. View the full article
Woodside Energy has announced the successful completion of the installation of the Scarborough Energy Project trunkline which will transport offshore gas to the onshore Pluto LNG processing facility in Karratha. View the full article
Woodside has finalized the acquisition of Tellurian Inc. and its U.S. Gulf Coast Driftwood LNG development for approximately $900 million in cash, or $1.00 per share, with an implied enterprise value of $1.2 billion. View the full article
Wood’s scope covers the development of a complete off-grid integrated energy complex to produce ammonia from green hydrogen – avoiding up to 5 million tons of CO₂ annually. View the full article
Wood will use its specialist CO2 and blue hydrogen expertise to design the integrated blue hydrogen and ammonia production facility, marine facilities including ammonia storage, 200 kilometre pipeline and CO2 injection facility. View the full article
Wood has been awarded the Principal Designer and Pre-FEED scope for Salamander, the 100MW floating wind farm development located 35km off Peterhead in the East Coast of Scotland. View the full article
Wood will deliver a comprehensive concept study for the Greater Sunrise Development, considering engineering, technology, financing, commercial structures, fiscal, environmental, health & safety and socioeconomic drivers including local content. View the full article
Wood has secured a six-year contract to provide brownfield engineering, procurement, and construction management (EPCm) solutions for Shell’s Prelude Floating Liquified Natural Gas (FLNG) facility in Western Australia. View the full article
Wood will provide front-end engineering design (FEED), detailed design, procurement support, and construction and commissioning assistance for the first phase of the Associated Gas Upstream Project, part of the Gas Growth Integrated Project (GGIP) in Southern Iraq. View the full article
Wood has further strengthened its position as the leading partner for operations solutions in the UK North Sea following a series of contract awards with key clients in the fourth quarter of 2021, including Shell UK and Dana Petroleum. View the full article
According to new analysis by Wood Mackenzie, the UK government must create a more predictable tax regime for the North Sea oil and gas sector to ensure long-term stability. After a history of ad hoc changes, the need for a clear tax framework has become urgent. View the full article
After a history of ad hoc changes, the UK government must implement a more predictable tax regime that provides greater long-term stability to the North Sea oil and gas sector, as soon as possible, according to new analysis by Wood Mackenzie. View the full article
Wood is leading a Joint Industry Partnership (JIP) to create industry guidelines for CO2 specifications to accelerate sustainable Carbon Capture, Utilization and Storage (CCUS) projects. The guidelines are the first of their kind to focus on the impact of impurities in CO2 across the entire CCUS value chain.
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Wood is leading a joint industry partnership to create industry guidelines for CO2 specifications to accelerate sustainable Carbon Capture, Utilization and Storage (CCUS) projects.
View the full article
John Wood Group Plc said it agreed to pay $177 million to settle a UK-led bribery and corruption probe into a British engineering firm it acquired in 2017. View the full article
Wood, the global consulting and engineering company, continues to expand its operations in the Southern North Sea with the award of a new operations and maintenance contract with Shell UK and Nederlandse Aardolie Maatschappij. 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
Wood today announces the appointment of Lesley Birse as Executive President of People and Organization (PandO). Birse replaces Sue MacDonald who will retire at the end of the year, after a distinguished career that included more than a decade with Wood. View the full article
Wood, a global consulting and engineering company, announced the appointment of Azad Hessamodini as Executive President of its Consulting business and the latest member of the firm’s executive leadership team. View the full article
Wintershall Dea has signed an agreement with PTT Exploration and Production Public Company Limited (PTTEP) on the sale of its 10% participating interest in Abu Dhabi’s Ghasha concession. All the conditions required for closing, including regulatory approvals, have been fulfilled. View the full article
UEM is an innovative approach that, for the first time, simultaneously integrates static and dynamic data in real time to represent subsurface conditions across multiple scales. This method improves the accuracy of reservoir models by consistently incorporating geologic uncertainties, making UEM vital to optimize reservoir recovery under uncertainty. View the full article
After many weeks of signaling and speculation, a group of major oil consumers including the U.S. has announced a coordinated plan to tackle soaring energy costs by releasing crude from strategic reserves. The question now is whether it’s going to work. View the full article
The twin suicide bombings in Baghdad, the Iraqi capital, once again shows the vulnerability of the oil-rich nation in a perpetually volatile region, especially when the West started gradually pulling out its troops.
Although Iraqi leadership talks with pride about the country being free from foreign interference, the situation on the ground is far from being conducive for it – judging by the daily protests by the people over corruption, mismanagement, lack of basic care and of course, deter
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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.
