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Trillion Energy has announced the continuation of the velocity string tubing program on two tripods after previously completing operations on the Akcakoca platform in late November. View the full article
Vantage Drilling announced the creation of TEVA Ship Charter LLC (TEVA), a new JV entity with TotalEnergies. Under terms of the agreement, Vantage will operate the Tungsten Explorer for a ten-year term with the option to extend. View the full article
CNOOC has commenced production from its Panyu oilfield joint development project, the company announced. The project is expected to achieve a peak production of approximately 13,600 boed in 2025. View the full article
(Bloomberg) – President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some U.S. coastal waters, locking in difficult-to-revoke protections for sensitive marine areas during his final weeks in the White House. View the full article
Kosmos Energy notes the announcement from bp plc (operator) that first gas production has been achieved at the Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project offshore Mauritania and Senegal. View the full article
(Bloomberg) – Senegal’s economic growth rate surged to a record in the third quarter as the West African nation began exporting oil, with the International Monetary Fund predicting a 9.3% expansion next year. View the full article
ADES Holding Company has received a Letter of Award (LOA) from PTTEP Energy Development Company Limited (PTTEP) for an offshore jackup drilling contract in the Gulf of Thailand with an estimated backlog of SAR 1.035 billion. View the full article
Petrobras has released a news statement regarding a Brazilian government enacted law which addresses the possibility of transfer of local content surpluses among contracts in exploration and production of oil and natural gas. View the full article
(Bloomberg) – BP Plc’s Greater Tortue Ahmeyim project started producing gas from offshore fields in Senegal and Mauritania, and both countries expect deliveries soon in a boost to economic growth. View the full article
Eni has kicked off Phase 2 of the Baleine field, offshore Ivory Coast. Said to be the largest discovery in the country and the first net-zero emission upstream project, production is poised to reach 60,000 bopd and 70 million cubic feet of associated gas. View the full article
Sintana Energy announced that the PEL 83 Joint Venture has successfully drilled and logged the Mopane-2A well in the heart of Namibia’s Orange Basin. The blocks are governed by Petroleum Exploration License 83 (PEL 83) which is operated by a subsidiary of Galp Energia of Portugal. View the full article
Subsea7 announced the award of a sizeable1 contract by Turkish Petroleum Offshore Technology Center AS (TP-OTC) to provide inspection, repair and maintenance (IRM) services for the Sakarya gas field development in the Black Sea. View the full article
(Bloomberg) – Guyana’s President Irfaan Ali on Tuesday firmly ruled out formally asking Exxon Mobil Corp. to renegotiate its production contract, resisting calls from his political opposition and activists in the country. View the full article
Sinopec has released the first sustainability report published by a Chinese company in Algeria, with the goal to establish a long-term, sustainable model and unity between oil and gas exploration, environmental protection and social progress. View the full article
(Bloomberg) – Oil edged higher in thin holiday trading, heading for a flat performance in 2024 as the market braces for a global surplus next year. View the full article
Flotek has provided an update regarding flare monitoring regulations issued by the Environmental Protection Agency (EPA). The EPA's proposed amendments, issued Dec. 20, address industry concerns on the complexity of flare monitoring and testing. View the full article
(Bloomberg) – Carlos Slim, Latin America’s richest man, invested $1 billion this year into growing his crude-oil producing and refining portfolio in a bet that demand for fossil fuels isn’t going away anytime soon. View the full article
Ecopetrol S.A. announces that they have successfully concluded negotiations with Repsol to acquire the remaining 45% of its stake in block CPO-09. Ecopetrol is now the sole owner of this strategic asset in the Piedemonte Llanero. View the full article
Cheniere Energy announced that liquefied natural gas (LNG) was produced for the first time from the first train (Train 1) of the company’s Corpus Christi Stage 3 Liquefaction Project (CCL Stage 3). View the full article
(Bloomberg) – Turkey said it wants to help increase oil and natural gas production in Syria, the latest step in Ankara’s overtures for deeper involvement in the reconstruction of the war-torn country. View the full article
Golar LNG has acquired Seatrium’s and Black & Veatch’s minority ownership interests in the FLNG Hilli. The total consideration for the acquisitions is $90.2 million, of which $59.9m is in equity and $30.3 million is a pro-rata share in the existing FLNG Hilli debt facility. View the full article
Seadrill today announced that it has completed the sale of the jack-up rig West Prospero for cash proceeds of $45 million. View the full article
Vermilion Energy Inc. has entered into an arrangement agreement to acquire Westbrick Energy Ltd., a privately held oil and gas company operating in the Deep Basin, for total consideration of $1.075 billion. View the full article
The Sanha Lean Gas Connection project – situated in Angola’s Benguela province – has achieved first gas production. The project is spearheaded by the Cabinda Gulf Oil Company, Chevron’s Angolan subsidiary. View the full article
The oil & gas industry has seen a dip in active jobs in 2024, but hiring trends remain relatively better compared to pre-COVID levels. There has been a noticeable increase in job opportunities from non-U.S. companies, according to GlobalData. 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.
