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The Spanish engineering company Saitec has announced its interest in developing a pre-commercial pilot park with 5 units and a total potential of 50MW in the Mediterranean Sea in 2025. View the full article
Devon agreed to acquire the leasehold interest and related assets of RimRock Oil and Gas, a Warburg Pincus portfolio company focused in the Williston Basin, for total cash consideration of $865 million. View the full article
OPEC+ is unlikely to increase output in the coming months because of limited spare capacity, according to the International Energy Agency. View the full article
Jiangsu Strong Wind Shipyard finished constructing a new floating production unit and it has been delivered to ABS Class. It will be towed from China to Indonesia for installation at the Madura Block gas fields offshore East Java, Indonesia. View the full article
The Canadian government invoked oil and gas transit rights under a decades-old treaty with the U.S. to stop Michigan’s attempt to shut down an Enbridge Inc. pipeline under the Great Lakes. View the full article
For over 20 years, the World Oil Awards have recognized and honored the upstream energy industry’s leading innovators and innovations and recognized changes in technology that have made a lasting impact. Nominations for this year's awards will be accepted through this Saturday, July 9, at midnight CST. View the full article
The Biden administration shouldn’t ban the export of crude oil, a bipartisan group of House lawmakers said in a letter to Biden. View the full article
Nigeria’s state-owned energy firm will now operate as a commercial entity without relying on government funding and direct controls, President Muhammadu Buhari said on Tuesday. View the full article
France’s TotalEnergies SE and Italy’s SpA said they were ready to invest billions of dollars in Libya as the OPEC nation emerges from a decade of conflict and civil war. View the full article
The latest data from the group indicate that the world will continue to face an oil supply deficit in the coming months even as its members revive idle production. 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
Energy demand is expected to increase, and deepwater oil and gas will play a critical role in the energy mix in the future, ExxonMobil Vice President of Deepwater Jeff Weidner said during an executive dialogue. View the full article
In alignment with Scottish Government guidance on the coronavirus situation, the organizers of SPE Offshore Europe have made the decision to postpone the event on 1-4 February 2022 at PandJ Live, Aberdeen. View the full article
Sanctions have led to a $237.5 billion decline in the Eastern Europe oil and gas project pipeline as restricted access to intermediate goods and international capital have halted the construction of numerous oil and gas projects. View the full article
Ecuador’s oil production is likely to halt completely within 48 hours if road blocks and vandalizing of oil wells continue, the Energy Ministry said in an emailed statement. View the full article
Oil output in America’s most prolific shale patch is getting closer to levels seen before the pandemic-driven market crash, as crude prices surge. View the full article
Signing the pledge, being released at the COP26 climate summit Tuesday, would amount to shared recognition of the problem posed by the potent greenhouse gas — not a “burden” to cut individual emissions, America’s climate envoy John Kerry said. View the full article
Kazakhstan expects its main oil-export route via Russia to restore full operations in late April, but remains concerned about the possible impact of Western sanctions or shipping problems on the flow of crude. View the full article
The energy crisis triggered by Russia’s invasion of Ukraine is increasing the world’s motivation to shift to low-carbon energy, but is also creating a near-term scramble for fossil fuels that will drive billions of dollars of new investment. View the full article
New figures show domestic gas production in the first half of 2022 was 26% higher than the same period in 2021, which is enough to heat almost 3.5 million UK homes for a year. View the full article
Stratagraph, a leader in geological services to the oil and gas industry for the past six decades, announces a new strategic partnership with cutting-edge clean energy technology company, Petrolern LLC. View the full article
Shell New Energies US, a subsidiary of Royal Dutch Shell, has signed an agreement to buy 100% of Savion LLC, a large utility-scale solar and energy storage developer in the United States, from Macquarie’s Green Investment Group. With this acquisition, Shell expects to significantly expand its global solar portfolio. View the full article
Talos Energy and Freeport LNG Development, L.P. have executed a letter of intent to develop the Freeport LNG carbon capture and sequestration project, immediately adjacent to Freeport LNG's natural gas pretreatment facilities located near Freeport, Texas, approximately 60 miles southwest of Houston. View the full article
U.S. manufacturers and other large energy users are starting to lock in natural gas and power costs for at least three years or longer to buffer against price surges this winter, a practice that went out of vogue with the shale boom. View the full article
Global digital services leader Asset Information Services (AIS), a James Fisher company, announced its business development and account management expansion plans on Monday, which includes new hires in key global regions for its rapidly growing customer base. 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.