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(Bloomberg) – Kuwait Petroleum Corp. plans to spend about 10 billion dinars ($33 billion) over five years to ramp up oil production capacity, betting on robust demand for decades to come. View the full article
Kuwait has opened its first permanent facility to import liquefied natural gas, as oil-rich Persian Gulf states accelerate efforts to wean their power plants off crude and use cleaner forms of energy. View the full article
The Al-Nukhida field, east of the Gulf state’s Failaka Island, has initial estimated reserves of about 2.1 Bbbl of light oil and 5.1 Tcfg, or 3.2 Bboe, in the Manageesh strata, state-owned KOC said on Sunday. View the full article
Iraqi’s semi-autonomous region of Kurdistan has cut its oil production by half upon request from Baghdad, as the second-largest producer in OPEC tries to meet its output quota. View the full article
Iraq’s semi-autonomous region of Kurdistan has cut its oil production by half upon request from Baghdad, as the second-largest producer in OPEC tries to meet its output quota. View the full article
The first phase of the development, with five wells in total, is expected to deliver around 100 MMboe with upside from subsequent phases. The Winterfell unit consists of Green Canyon blocks 899, 900, 943, 944, 987 and 988 with follow-on opportunities in adjacent blocks where Kosmos also has an interest. View the full article
Schlumberger announced an award to OneSubsea and its alliance partner, Subsea 7, by Kosmos Energy Gulf of Mexico Operations, for an engineering, procurement, construction and installation contract for the Odd Job field in the Gulf of Mexico. View the full article
(WO) — Kongsberg Maritime will supply an extensive range of equipment for a new fleet of 10 platform supply vessels (PSV) being built by Fujian Mawei Shipbuilding in China for Greek shipowner, Capital Offshore. View the full article
Building on an existing collaboration that has been ongoing since Aker BP was established, KDI will continue to contribute in accelerating Aker BP’s digitalization process by enabling real-time cloud-based data access, supporting decision-making, and improving efficiency. View the full article
KKR and Contango are doubling down on investing in exploration and production companies as many in the sector seek to recover from years of poor returns amid the shale boom and bust. The combination will allow the merged company to reach greater scale, boost access to capital and drive down the cost of production, the people said. View the full article
KKR and Contango are doubling down on investing in exploration and production companies as many in the sector seek to recover from years of poor returns amid the shale boom and bust. The combination is said to allow the merged company to reach greater scale, boost access to capital and drive down the cost of production. View the full article
KKR is bucking the trend among private-equity peers that have been unloading shale investments after back-to-back oil market busts. The move may signal a bullish turn with U.S. crude prices heading for the best annual performance since 2015. View the full article
The Permian Strategic Partnership announced today the addition of two new companies, Kinetik and WaterBridge Resources, bringing its member company count to 19. View the full article
More consolidation in the U.S. shale sector is needed to cope with soaring costs to identify and exploit untapped oil reserves, according to Kimmeridge Energy Management Co. View the full article
Kimmeridge is buying out Commonwealth LNG founder Paul Varello’s share in the company as he retires and boosting the firm’s stake to 90%. The company also is appointing David Lawler — who resigned from bp in the wake of Bernard Looney’s departure in 2023 — as chief executive officer of the Kimmeridge Texas Gas unit, which would run Commonwealth LNG. View the full article
Without Keystone XL, rail will become a more important way for Canadian oil to reach U.S. Gulf Coast refineries, which need the heavy crude to replace declining supplies from Mexico and Venezuela. And more rail traffic means greater derailment risk. View the full article
Environmentalists emboldened by this week’s defeat of Keystone XL are pressuring President Joe Biden to revoke permits for other oil and gas pipelines, warning their votes depend on the administration blocking fossil fuel infrastructure. View the full article
Key Energy Services, Inc. announced the sale of substantially all of its Texas and New Mexico fluid management and saltwater disposal well assets for cash and the assumption by the buyer of the related asset retirement obligations. View the full article
Kent and the Energy Institute have announced a collaboration to create comprehensive guidelines for the economics of decarbonization in greenhouse gas (GHG) emission reduction projects within the upstream oil and gas sector. View the full article
Kent, a UAE-headquartered engineering company, has launched its UAE Designers and Drafters Training Program. This initiative is specifically designed to equip young Emirati high school graduates and engineering diploma holders with the skills and knowledge necessary to excel in the energy industry. View the full article
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
KCA Deutag announced it has signed a Sale and Purchase Agreement to acquire Saipem SpA’s onshore drilling business for a total consideration payable at closing of $550 million in cash and 10% equity interest in the group. View the full article
Global drilling, engineering and technology provider KCA Deutag has been awarded contracts worth almost $185m from leading exploration and production companies across key markets in the Middle East region. View the full article
KCA Deutag has secured contracts worth around $110 million for its land drilling business in Pakistan, Russia, Kurdistan, south-eastern Europe and Germany. The new business is made up of a mix of contract wins, allowing the company to mobilize stacked rigs, and contract extensions. View the full article
KCA Deutag, a global drilling, engineering and technology provider, secured contract extensions and options totaling over $170 million, with the majority focused on extensions with existing clients across core markets in the Middle East. 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.
