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Shell’s entry into this block signifies a further commitment to Oman, while enhancing and diversifying Shell’s gas supply. View the full article
Enbridge Inc. won a battle in its fight with Michigan’s governor to keep its Line 5 pipeline operating after a judge ruled the legal battle over the oil conduit belongs in federal court. View the full article
BP Plc is beefing up its bid to develop wind projects off Scotland’s coast with the promise of creating hundreds of local jobs if it wins. View the full article
President Joe Biden’s energy chief extended an olive branch to the oil industry Tuesday, telling executives a crude export ban is not under consideration, while assuring them that the administration was “not a bogeyman.” View the full article
Mozambique has made gains against Islamic State-linked insurgents who disrupted the southeast African nation’s multibillion gas project, according to President Filipe Nyusi. View the full article
Executives from Exxon Mobil, Chevron, Royal Dutch Shell and BP were urged by U.S. lawmakers to abandon the leading oil-industry trade group and cut off funds to any groups sowing doubts about climate science. View the full article
Angola, which relies on oil for more than 90% of its exports, has been struggling to recover from the 2014-2016 collapse in prices. It has also not been able to boost investments, needed to increase production from its aging fields. View the full article
The Spotlight on New Technology Award recognizes companies that have created new and advanced technologies that play a role in advancing the offshore oil and gas sector into the forthcoming years. View the full article
Bonanza Creek Energy Inc. and Extraction Oil and Gas Inc. -- which announced a merger last month and a plan to rename the combined entity Civitas Resources Inc. -- said Monday they’re buying closely held Crestone Peak Resources LLC. Crestone investors will get 22.5 million shares of Bonanza, according to a statement. All three companies operate in the Denver-Julesburg Basin. View the full article
The annual performance review for the UK’s top producers highlighted 33 new projects targeting 1.3 billion barrels of oil and gas which will significantly bolster the country’s energy security. View the full article
"The Department of the Interior is required by law to expeditiously develop America’s energy resources, and this includes the obligation to schedule and hold offshore oil and gas lease sales," said National Ocean Industries Association President Erik Milito. View the full article
Through the UK Government’s Floating Offshore Wind Manufacturing Investment Scheme, up to £160 million will be made available to scale-up the deployment of floating offshore wind and to invest in key areas where the UK has competitive advantage. View the full article
North Sea nations and oil companies face costs of more than $100 billion to shut down old wells in the depleted region. Researchers in Norway believe they can cut that figure dramatically. View the full article
The upstream oil and gas industry is investing heavily in search for new reserves or resource plays, new extraction technologies, and advancements in operational automation. View the full article
The high-performing electric frac solution reduced emissions for Chesapeake by 32% and applied over 25 megawatts of lower-carbon power generation by leveraging Chesapeake’s local field gas network. View the full article
Siccar Point Energy Ltd. is delaying work on its Cambo oil field in the UK North Sea, a target of vociferous criticism by environmental activists. View the full article
Norway approved higher production from key natural-gas fields in an effort to maintain record exports as Europe reels from cuts in Russian supply. View the full article
KBR is launching a study to develop a carbon-neutral, green ammonia-based system to power a semi-submersible drilling unit owned by Odfjell. View the full article
At the start of Q1 2022, global oil and gas industry contract activity was stifled due to the Russia-Ukraine conflict. However, in the second half of the quarter a minor increase in the number of contracts was reported. View the full article
Iran warned that proposed U.S. legislation targeting the Islamic Republic could further imperil stalled Biden administration efforts to resurrect the moribund nuclear deal. View the full article
Nigeria said foreign experts are needed to help plug an oil spill reported earlier this month by local producer Aiteo Eastern EandP Co. View the full article
UK’s Labour Party leader Keir Starmer said he’s against nationalizing energy companies, a retreat from a pledge during his leadership campaign, as Britons face a surge in electricity prices, long petrol lines and a “winter of discontent.” View the full article
Texas Governor Greg Abbott told a media briefing on Feb. 17 that he was banning gas from leaving the state through Feb. 21 to ensure in-state power generators had ample supplies. Abbott said he was forced to act as millions of Texans remain without power for a third day amid frigid temperatures, with no clear timeline for restoring service. View the full article
TotalEnergies SE in February said it had made a “significant” oil discovery off the coast of Namibia, three weeks after Shell Plc announced a find off the southwest African nation. View the full article
Asian demand for U.S. oil is rising as the energy crisis boosts prices for other crudes that are priced against the global Brent futures contract. 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.
