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Global Underwater Hub (GUH), the trade and development body which represents the UK’s £9.2 billion underwater industry, has published a white paper explaining its strategies to improve subsea cable systems for offshore wind projects. View the full article
Oil and Natural Gas Corporation Limited (ONGC) and bp have signed a contract under which bp will serve as the Technical Services Provider (TSP) for the Mumbai High field, India’s largest and most prolific offshore oil field. View the full article
Bluewater, a specialist energy private equity firm, has agreed to sell Apex International Energy, an independent E&P company focused on the prolific Egyptian upstream market. Apex has become a top ten producer in Egypt in less than two years from oil discovery. View the full article
INEOS has selected ITT’s Svanehøj to supply CO₂ pumps for the onshore facility and the first LCO₂ carrier for Project Greensand in the Danish North Sea. The significant order further strengthens Svanehøj’s position in carbon capture and storage (CCS). View the full article
Petro-Victory Energy has signed a sales & purchase agreement (SPA) in 50/50 partnership with Azevedo & Travassos Petroleo (ATO) for 13 oil fields located in the Potiguar Basin, onshore Brazil, from seller Brava Energia. View the full article
The Energy Workforce & Technology Council has released its monthly jobs report, analyzing employment trends within the U.S. energy services sector for January 2025. View the full article
Custos Energy announced completion of the previously announced farm-in by Chevron Namibia into Petroleum Exploration License 82 (PEL 82). The transaction provides for an 80% participating interest and operatorship for Chevron. View the full article
(Bloomberg) – UK Energy Secretary Ed Miliband's pending decision on the Rosebank site highlights the conflicting goals of the government to drive economic growth while simultaneously reducing the emissions that contribute to global warming. View the full article
CNOOC announced that Bozhong 26-6 Oilfield Development Project (Phase I) has commenced production. A total of 33 development wells are planned to be commissioned, with expected peak production of approx. 22,300 boed in 2025. View the full article
(Bloomberg) – New terminal construction faces uncertainty after 2024 U.S. crude exports expanded at the slowest since the COVID pandemic, and U.S. oil-production growth slows as drillers prioritize returns to investors and capital discipline, Chevron said. View the full article
Bayswater Exploration and Production has entered into an agreement to sell assets in the Denver Julesburg Basin (DJ Basin) to Prairie Operating Company in a cash and stock transaction valued at approximately $603 million. View the full article
Falcon Oil & Gas announced the completion the Shenandoah S2-2H ST1 stimulation in the Beetaloo Sub-basin, Northern Territory, Australia with joint venture partner, Tamboran. View the full article
Equinor ASA reined in its renewable-energy ambitions, less than two months after snapping up a $2.3 billion stake in Danish wind giant Orsted A/S. Rivals including BP and Shell are also returning their focus to the core oil and gas business. View the full article
Makai Ocean Engineering has announced a collaboration with Triton Software Ltd to integrate the Ocean Vector Chart Service (OVCS) and provide seamless access to high resolution nautical charts directly in MakaiPlan, its submarine cable route planning software. View the full article
Repsol will extend its co-innovation collaboration with Accenture to continue advancing the goals of its Digital Program and accelerate the use of generative AI (gen AI) across the company, through the introduction and deployment of AI agent systems. View the full article
(Bloomberg) – Ecopetrol SA shares plunged after Colombian President Gustavo Petro called on the oil producer to sell its operations in the U.S., citing his government’s position against fracing, which he says is destructive to nature and humanity. View the full article
ADNOC Gas has announced record earnings for the full year (FY) 2024 of $5 billion, and its highest quarterly income of $1.38 billion since its IPO. The robust improvement was driven by several factors including a richer mix of gas, producing more liquids, and improved commercial terms in the domestic market. View the full article
DNO ASA reported 2024 revenues of USD 667 million on the back of robust production in the Kurdistan region of Iraq and continued North Sea expansion. Net production climbed 50% year-on-year to 77,300 boed combined from Kurdistan, North Sea and West Africa operations. View the full article
ADNOC Gas has announced record earnings for the full year (FY) 2024 of $5 billion, and its highest quarterly income of $1.38 billion since its IPO. The robust improvement was driven by several factors including a richer mix of gas, producing more liquids, and improved commercial terms in the domestic market. View the full article
VIKING Life-Saving Equipment is strengthening its position in boat manufacturing by investing in a new manufacturing facility in Arendal, Norway. The new building covers 3,400 sqm and is designed to meet requirements for high-end freefall boats in the offshore segment. View the full article
The National Ocean Industries Association expressed its strong support for the series of Secretarial Orders signed by U.S. Secretary Doug Burgum to unleash America's energy potential. "American energy leadership is back," said President Erik Milito. View the full article
Saab UK has announced the official opening of a new manufacturing facility. Opened by the Rt Hon Jonathan Reynolds MP, Secretary of State for Business and Trade, the facility will develop, manufacture, and support Saab's radar systems and Seaeye underwater robotics portfolio. View the full article
The 2025 Offshore Energy Vessel of the Year Award went to IWS Seawalker, a 90-meter CSOV designed and equipped by Kongsberg Maritime, during a ceremony at the Annual Offshore Support Journal Conference in London. View the full article
The National Ocean Industries Association expressed its strong support for the series of Secretarial Orders signed by Secretary Doug Burgum to unleash America's energy potential. "American energy leadership is back," said President Erik Milito. View the full article
The American Petroleum Institute (API) has released its ‘2025 API Standards International Usage Report’, detailing the growing international influence of API standards, and highlighting its paramount role in advancing safety, sustainability, and efficiency across the global oil and gas industry. 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.
