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Kent, an integrated energy services company, says it had a positive start to 2022 with some strategic project wins across the globe adding a total of over $550 million to the company’s backlog. View the full article
BP sold out of Canada’s oil sands, divesting its stake in the Sunrise project to Cenovus Energy Inc. while acquiring offshore exploration from the same company in the east of the country. View the full article
TotalEnergies SE became the first foreign company to win a stake in a multibillion-dollar project to boost Qatar’s gas exports. View the full article
Sabinal Energy, an oil producer backed by Kayne Anderson, is divvying up roughly 132,000 net acres in the Permian Basin for a sale of the company that could fetch more than $1 billion. View the full article
In a weekly online briefing during Thursday, DTEK CEO Maxim Timchenko discussed the progress made in rebuilding Ukraine’s energy and electricity infrastructure. He provided an update on energy sector operations and restoration of electricity supply amid the Russian invasion View the full article
The Dutch Mining Council, an independent advisory body to the government, told the cabinet in a letter that it should consider tapping Groningen as an emergency measure to fill storage for the winter, with Russian supplies due to be stopped by the end of the year. View the full article
The owners of Laredo Energy VI LP, a gas driller focused in the Eagle Ford Shale in South Texas, are considering a sale of the company worth up to $1 billion, according to people with knowledge of the situation. View the full article
Shell Plc is set to receive two final offers this week for its onshore oil and gas fields in Nigeria, according to people with knowledge of the matter. View the full article
The U.K. government got together with Shell Plc in London this week to talk up North Sea oil and gas, the latest sign of the country’s pivot back toward domestic fossil fuels since Russia’s invasion of Ukraine. View the full article
The Texas Railroad Commission has approved the Fiscal Year 2023 Oil and Gas Monitoring and Enforcement Plan, which outlines a stronger inspection process and enforcement procedures for evaluating every oil and gas facility at least once every five years. View the full article
American Petroleum Institute (API) President and CEO Mike Sommers has named Amanda Eversole as Executive Vice President and Chief Advocacy Officer, where she will lead the organization’s integrated advocacy efforts across the federal government relations, state government relations, and external mobilization departments. View the full article
The U.K. has given permission for new drilling in the countryside south of London to establish the size of a natural gas field, as the government seeks to boost domestic energy production due to price volatility amid Russia’s war in Ukraine. View the full article
Exxon Mobil Corp. shares rose to the highest intraday level ever Wednesday and are on track to close at a record, stoked by an almost 60% surge in crude prices that’s lifting oil supermajors and complicating efforts to fight global inflation. View the full article
The merger will create one of the largest providers of mutual cover in the maritime industries with consolidated annual premiums of around $750 million. View the full article
Newly introduced crew connectivity requirement adds support to calls for improved seafarer welfare — and emphasizes value of Fleet Hotspot to crew and ship owners. View the full article
Devon agreed to acquire the leasehold interest and related assets of RimRock Oil and Gas, a Warburg Pincus portfolio company focused in the Williston Basin, for total cash consideration of $865 million. View the full article
Devon agreed to acquire the leasehold interest and related assets of RimRock Oil and Gas, a Warburg Pincus portfolio company focused in the Williston Basin, for total cash consideration of $865 million. View the full article
The U.S. Department of Energy (DOE) filed a notice of intent to fund the Bipartisan Infrastructure Law’s $8 billion program to develop regional clean hydrogen hubs – H2Hubs – across America, the DOE said in a press release on Monday. View the full article
Oil and gas company Perenco has struck a deal with exploration company, New Age, to buy its participating interests in the Etinde conventional gas development located offshore Cameroon. View the full article
Forum Energy Technologies (FET) has delivered two work-class ROV sales to Brazilian marine engineering company Oceanica Engenharia e Consultoria Limitada to support its deepwater intervention operations and strengthen its offering to the energy sector. View the full article
The Railroad Commission of Texas (RRC) assessed $1,008,396 in fines, involving 228 enforcement dockets against operators and businesses at the Commissioners’ Conference on Wednesday. View the full article
The Democratic Republic of Congo’s plan to auction oil exploration blocks next month threatens to disrupt some of the world’s most important carbon sinks and could jeopardize a $500 million forest preservation agreement. View the full article
The U.S. may allow more sanctioned Iranian oil onto global markets even without a revival of the 2015 nuclear accord, according to the biggest independent crude trader. View the full article
The European Union’s ban on seaborne imports of Russian petroleum in response to Russia’s invasion of Ukraine will lead to an 18% drop in the country’s fuel output by the end of next year, the Energy Information Administration (EIA) said in a monthly report. View the full article
The U.S. has sent nearly three quarters of all its LNG to Europe in the first four months of 2022, with daily shipments to the region more than tripling from last year’s average, the U.S. Energy Information Administration said Tuesday. 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.
