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Paradigm has announced an expanded Aberdeen facility which will house its growing workforce and asset base, enabling it to deploy technologies that lower the carbon impact and cost of traditional oil and gas exploration and production operations. View the full article
(Bloomberg) – Petrobras plans to boost spending on new oil drilling and other projects by almost 9% to $111 billion in the next five-year plan. Petrobras' eight-person executive office proposed that amount for the 2025-2029 period, according to a filing Monday. View the full article
Following this week's sixth-annual South Asian Geoscience Conference and Exhibition 2024, also known as GEO India, the Association of Petroleum Geologists (APG) India has shared its key highlights from the industry event. View the full article
Texas A&M University has announced the launch of a new Chancellor’s National Academy STEM Ph.D. Fellowship Program, an elite opportunity for students pursuing graduate studies in science, technology, engineering and mathematics (STEM). View the full article
Global OTEC has announced its latest advancement in sustainable power for offshore energy exploration and production at the first Brazilian Workshop on Geothermal Energy Utilization and Storage. View the full article
ChampionX has completed a multi-million-dollar transformative project to enhance its chemical manufacturing hub in the Permian Basin. The project is a key initiative to meet industry demands while reducing inter-plant transportation, and associated carbon emissions, by approximately 56.7 tons of CO2 per year. View the full article
Today in Newsweek, API President and CEO Mike Sommers outlines how the next administration and new Congress can advance commonsense energy policies that work for all Americans. Strength in leadership, homegrown production and upholding consumer choice are among his top points to consider. View the full article
National Ocean Industries Association (NOIA) President Erik Milito voiced his support following President-elect Trump's nomination of North Dakota Governor Doug Burgum as the next Secretary of the Interior. Burgum is also nominated as chair of the new National Energy Council. View the full article
The Energy Workforce & Technology Council (EWTC) has issued a statement in support of Chris Wright, CEO of Liberty Energy, following his nomination as the United States Secretary of Energy. The EWTC praised Wright’s leadership and his commitment to advancing American energy. View the full article
Baker Hughes and SOCAR have announced the signing of a contract for an integrated gas recovery and hydrogen sulfide (H2S) removal system that will significantly reduce downstream flaring at SOCAR’s Heydar Aliyev Oil Refinery in Baku, Azerbaijan. View the full article
(Bloomberg) – The head of Liberty Energy Inc., the world’s second-largest fracing services company, has gained prominent endorsements as a potential pick for Donald Trump’s energy secretary. View the full article
Rival Downhole Tools has announced its continued international expansion with the establishment of new legal entities, personnel, and facilities in Canada and Mexico, as well as strategic partnerships in Saudi Arabia, the UAE and Europe. View the full article
Halliburton announced it will open new facilities in Namibia highlighting the importance of the country’s growing oil and gas industry. The facilities, which will support the company’s in-country operations, are located in Windhoek, Walvis Bay, Swakopmund and Lüderitz. View the full article
Seatrium Limited has delivered its fifth newbuild jackup rig “Var” to Borr Drilling, nearly one year ahead of schedule. The successful delivery of Var marks the completion of the latest series of five B Class jackup rigs that Seatrium has built for Borr Drilling. View the full article
On the back of a series of policy reforms and regulatory changes, Ghana has positioned itself as a globally competitive oil and gas market, with ambitious energy targets and goals to boost oil production while stimulating development across the natural gas value chain. View the full article
(Bloomberg) – The head of Liberty Energy Inc., the world’s second-largest fracing services company, has gained prominent endorsements as a potential pick for Donald Trump’s energy secretary. View the full article
NOV’s Tuboscope division has recently unveiled a new advancement in tubular internal coating technology, aimed at significantly reducing thermal conductivity and enhancing operational efficiency and longevity of drilling tool life in challenging environments. View the full article
As part of its ambition to aim for near-zero methane emissions by 2030, TotalEnergies announced they are going a step further in the monitoring and reduction of its methane emissions with the deployment of continuous, real-time detection equipment at all of its operated upstream sites. View the full article
Pepperstone today shared an in-depth analysis of the latest movements in the international oil markets and short-term scenarios. Trading is centered around $67 per barrel, a level that has limited declines since September and reflects uncertainty about market outlook, the report states. View the full article
ADNOC announced today the fourth cohort of its prestigious Trading Academy, which prepares ADNOC’s UAE National talent for roles as global traders of refined and crude products in the company’s trading operations, ADNOC Global Trading (AGT) and ADNOC Trading (AT). View the full article
SBM Offshore, Technip Energies and TechnipFMC all announced today the securement of major contracts for the GranMorgu field development project located in Block 58 in Suriname, operated by TotalEnergies. View the full article
Technip Energies, in partnership with SBM Offshore, has been awarded a major contract by TotalEnergies for the GranMorgu FPSO in Suriname. The joint venture will combine Technip Energies’ expertise in engineering and modularization for the topsides and SBM Offshore’s Fast4Ward® hull. View the full article
Caterpillar Oil & Gas has announced the launch of the Cat® Closed Crank Ventilation (CCV) System, a technology designed to eliminate the venting of crankcase gases, commonly referred to as blow-by emissions, from internal combustion engines. View the full article
Seatrium and the Institute of Technical Education (ITE) announced they have joined forces to inaugurate a state-of-the-art Digital Learning Lab. The initiative aims to enhance digital skillsets in the Marine & Offshore (M&O) Energy industry and attract a new generation of talent. View the full article
ADNOC Gas has signed a 10-year Sales and Purchase Agreement (SPA) with GAIL India Limited, India's largest natural gas company, to supply up to 0.52 million metric tons per annum (mmtpa) of liquefied natural gas (LNG), starting in 2026. 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.
