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Some U.S. lawmakers are seizing on the energy price surge to revive long-standing legislation that would subject the OPEC oil cartel to the same antitrust laws used more than century ago to break up Standard Oil’s monopoly. View the full article
A House Democrat who’s urging the White House to reduce oil prices by banning exports of U.S. crude oil says he’s been told the idea is under consideration. View the full article
U.S. companies with contracts to buy only renewable power are still relying heavily on fossil fuels because of a lack of clean-energy supplies, a Columbia University study has shown. View the full article
Federal authorities are responding to a 14-mile long oil spill in the Gulf of Mexico discovered in the aftermath of Hurricane Ida, according to the Louisiana Oil Spill Coordinator’s Office. View the full article
The U.S. Coast Guard boarded a container ship that dragged its anchor near to a Southern California subsea pipeline that was the source of an oil spill earlier this month. View the full article
The U.S. became the world’s No. 1 exporter of liquefied natural gas for the first time ever last month, as deliveries surged to energy-starved Europe. View the full article
The White House believes the Organization of Petroleum Exporting Countries has room to raise oil production, should an upcoming visit by President Joe Biden to the Middle East yield any agreements. View the full article
The U.S. is backing natural gas and low-carbon power sources as it seeks to improve the eastern Mediterranean’s energy ties to Europe and promote stability in the region. View the full article
The U.S. and its allies have discussed trying to cap the price on Russian oil between $40 and about $60 a barrel, according to people familiar with the matter. View the full article
Federal investigators raided a deep-water oil explorer’s Louisiana office last week as part of a probe into an offshore spill, a rare escalation for a U.S. environmental case. View the full article
Oil leaders and their allies on Capitol Hill are panning the approach, saying it does nothing to address more fundamental problems holding back U.S. crude and gasoline production. View the full article
Two Libyan ports have been forced to stop loading oil after protests calling for Prime Minister Abdul Hamid Dbeibah to step down spilled over into the OPEC member’s energy sector. View the full article
A Romanian and a U.K. citizen died on the 600-foot oil tanker Mercer Street when the vessel came under attack on Thursday while sailing from Tanzania’s Dar es Salam to Fujairah in the United Arab Emirates, said Zodiac Maritime Ltd., the manager of the tanker. View the full article
Turkish Petroleum has awarded Schlumberger a significant contract for the engineering, procurement, construction and installation (EPCI) of end-to-end production solutions for the Sakarya gas field, Turkey’s largest gas reserve. View the full article
A recently discovered natural gas field in the Black Sea is set to provide nearly a third of Turkey’s domestic needs when it reaches peak production capacity by 2027, Energy Minister Fatih Donmez said, unveiling details of his ambitious timeline to bring last year’s find on stream. View the full article
Turkey threatened to block any unauthorized search for gas and oil in its economic exclusive zone in the eastern Mediterranean after Cyprus awarded hydrocarbon exploration and drilling rights in its offshore block 5 to a venture of Exxon Mobil and Qatar Petroleum. View the full article
Turkey has discovered further deposits of natural gas in the Black Sea, according to people familiar with the matter, and is likely to make an announcement soon. View the full article
Turkish President Recep Tayyip Erdogan announced that state energy company Tpao has found 135 billion cubic meters of gas at the Amasra-1 offshore well, bringing the total amount of deposits discovered in the Black Sea over the past year to 540 billion cubic meters. View the full article
Tullow Oil Plc agreed to acquire Capricorn Energy Plc in an all-share deal combining resources in Africa and opening up opportunities for expansion across the continent. View the full article
Tullow’s shares have jumped more than 80% this year as the company starts to turn its back on a tough period of drilling setbacks, management departures, collapsing prices and mounting borrowings. View the full article
“We have pretty significant positions in emerging basins in Guyana and Argentina and we’re looking at farm-down opportunities there,” Chief Executive Officer Rahul Dhir said in an interview in Dubai. View the full article
TUBACEX will build a new tube and thread manufacturing plant in Abu Dhabi as part of its largest-ever award with Abu Dhabi National Oil Company. View the full article
Baker Hughes, Mocean Energy and Verlume have signed a triparty memorandum of understanding to identify and discuss potential opportunities for collaboration on integrated wave energy and subsea energy storage solutions for the emerging subsea clean energy market. View the full article
Aimed at unlocking the geological capacity of the complex, a conventional oil development located in deep water in Equatorial Guinea comprising five producing oilfields, the upgrade will convert 15 gas lift wells to electrical submersible pumps. View the full article
In the unlikely event of an uncontrolled release during the Drilling Phase of the Scarborough project, the RWIS Toolkit may be utilized as a key component of the Response hardware. With this contract, Woodside Energy have positioned themselves at the forefront of environmental stewardship. 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.
