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TotalEnergies SE took a $4.1 billion writedown on its flagship Russian gas project and indicated that it may belatedly join its peers in pulling back from the country two months after the invasion of Ukraine. View the full article
Energy companies will need to provide updates each quarter on how they’re boosting clean energy investments in order to avoid a UK windfall tax on their surging oil and gas earnings, British government minister Alok Sharma said. View the full article
The FPSO Atlanta, contracted by Enauta to Yinson for conversion to service the Atlanta Field offshore Brazil, will be operated under ABS Class. View the full article
The Memorandum of Understanding details intent to carry out knowledge transfer initiatives in technologies relating to water, oil and gas treatment process engineering, onshore platform function and maintenance, along with offshore gas field management and energy transition principles. 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
Louisiana is investigating the source of a cloud of methane that was spotted from space near multiple natural gas pipelines. 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
Guyana, home to the world’s largest oil discovery of the past decade, is in discussions with Abu Dhabi to build a deepwater port to serve the rapid economic development along South America’s Caribbean coast. View the full article
The U.S. Department of Energy issued two long-term orders authorizing an additional 0.5 Bcfd of liquefied natural gas exports from Golden Pass LNG in Texas and Magnolia LNG in Louisiana. View the full article
The National Ocean Industries Association announced that TechnipFMC and Aker Solutions are the winners of the 2022 NOIA Safety in Seas Awards competition. View the full article
Japanese Prime Minister Fumio Kishida said it would take time to phase out imports of Russian oil, hours after he joined other Group of Seven leaders to impose a ban on crude over the Kremlin’s invasion of Ukraine. View the full article
World oil consumption will expand by 1.8 million barrels a day, down from the 3.4 million a day anticipated this year, the group’s preliminary projections show, according to a delegate. The outlook will be reviewed by representatives from the group’s member states next week. View the full article
Shale drillers Diamondback Energy, Devon Energy and Coterra Energy are boosting dividends while keeping oil output flat despite pleas from President Joe Biden to increase supplies and help take some the edge off of inflation. View the full article
The number of original drilling permits issued by the Railroad Commission of Texas in April 2022 rose 29% to 946, compared to the year-ago figure of 732. View the full article
Abu Dhabi National Oil Co. plans to build a new liquefied natural gas plant as the world’s producers race to expand their exports amid surging demand. View the full article
As part of the rollout of its multi-energy strategy in Angola, TotalEnergies announced the launch of the Begonia oil field, and Quiluma and Maboqueiro gas fields developments, as well as its first photovoltaic project in the country. View the full article
Eni announced its work with Amazon Web Services (AWS) to integrate its proprietary data platform XWARE with the cloud native Open Subsurface Data Universe on AWS. This enables faster data exchange between external ecosystems, deployment of innovative Seismic Cloud applications, and fostering new digital workflows and insights. View the full article
Exxon Mobil Corp. is investing in a $29 billion project to boost Qatar’s gas exports, joining others including ConocoPhillips, TotalEnergies and Eni SpA. View the full article
Eco Atlantic plans to spud the Gazania-1 well, 25 km (15 mi) offshore the Northern Cape in South Africa in September. View the full article
Seaborne exports of Russia’s crude rebounded in the seven days to April 22. One-fifth of the volume shipped from ports on the Black Sea, Baltic and Arctic coasts is on tankers showing no final destination, with most expected to end up in Asia. View the full article
European refiners continue to lap up North Sea crude to seek replacements for Russian oil in response to the war in Ukraine. View the full article
Devon Energy Corp., one of the biggest oil explorers in the Permian Basin, is getting into the sand business to combat rising costs. View the full article
A London-based startup that makes small, modular units to capture carbon emissions from smokestacks has raised $150 million from investors that include the venture arms of Chevron Corp., Saudi Arabian Oil Co., and Samsung Group. View the full article
From a barbecue lunch at an LNG terminal in Texas to commercial talks near Capitol Hill, American natural gas companies are making a multi-state push to woo potential European buyers. View the full article
Assuming that comments from conference participants are reflective of the industry’s overall mood, then the pace of digital transformation in oil and gas is gaining momentum in 2022. 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.
