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The National Ocean Industries Association expressed its strong support for the series of Secretarial Orders signed by Secretary Doug Burgum to unleash America's energy potential. "American energy leadership is back," said President Erik Milito. View the full article
The American Petroleum Institute (API) has released its ‘2025 API Standards International Usage Report’, detailing the growing international influence of API standards, and highlighting its paramount role in advancing safety, sustainability, and efficiency across the global oil and gas industry. View the full article
"We could not be more proud of Leslie's appointment as Assistant Secretary of Land and Minerals Management. Her unwavering commitment to the energy sector and her innate ability to bring stakeholders together will serve the Department of the Interior well," the EWTC stated. View the full article
McDermott has completed transportation, installation, and commissioning activities for the Kikeh subsea gas lift project in under eight months. The Kikeh field first came on stream in 2009 as one of Malaysia's largest deepwater developments. View the full article
"IPAA has always opposed the methane tax and believe it is a tax designed to hamper American oil and gas production. We encourage Congress to work with the Trump Administration to eliminate it as soon as possible," IPAA CEO Jeff Eshelman stated. View the full article
The American Petroleum Institute (API) and Energy Workforce & Technology Council (EWTC) have both issued statements of support following the U.S. Senate’s confirmation of Chris Wright to lead the U.S. Department of Energy. View the full article
Argent LNG has selected Baker Hughes as the liquefaction solution and related services provider for its proposed LNG export facility in Port Fourchon, La. The facility is set to deliver approximately 24 million tonnes per annum (MTPA) of liquefied natural gas. View the full article
Shell has restarted production at the Penguins field in the UK North Sea with a new FPSO facility. Shell UK is the operator, and NEO Energy owns 50% interest. The Penguins FPSO is the first Shell-operated new facility in the North Sea in more than 20 years. View the full article
(Bloomberg) – ADNOC will transfer stakes in some U.S. assets to its new international investment firm, XRG PJSC. ADNOC's holdings in a hydrogen venture with Exxon Mobil Corp. and NextDecade Corp.’s LNG export project will move to XRG, according to CEO Sultan Al Jaber. View the full article
(Bloomberg) – BP Plc is pushing back plans to make renewable fuels on the site of its former Kwinana oil refinery in Australia, amid a broader cost-cutting drive within the company. BP has previously said it was looking at producing green hydrogen at Kwinana in addition to renewable fuels. View the full article
SLB OneSubsea™ has secured a contract with Vår Energi to deliver subsea production systems (SPS) for offshore Norway developments. The award leverages the existing strategic subsea partnership agreement between the two companies. View the full article
The FPSO Baobab Ivoirien MV10, operated by Canadian Natural Resources International (CNRI), ceased hydrocarbon production on schedule Jan. 31, CNRI's partner VAALCO Energy announced. The vessel will be transported to Dubai for refurbishment. View the full article
Upstream M&A activity is expected to slow significantly in 2025 following two years of record-high transactions driven by U.S. shale mergers, reports Rystad Energy in its latest analysis, estimating the global deal pipeline value at $150 billion. View the full article
(Bloomberg) – OPEC+ declined to alter its existing oil-production plans at a review meeting on Monday, even as President Trump called for lower crude prices. A panel of key members maintained plans to keep a lid on crude supplies for Q1 2025, according to statements. View the full article
(Bloomberg) – Nigeria, Africa’s biggest oil producer, has set itself a target of boosting daily production by about three fifths to 2.7 million barrels of crude and condensate by 2027, an adviser to the country’s president said. View the full article
Abyss Solutions has signed a research and development contract with Petrobras. The partnership focuses on the development of an innovative image contextualization and enrichment service capable of aggregate engineering and operational metadata. View the full article
Baker Hughes has won a multi-year contract with ExxonMobil Guyana to provide all topsides, subsea, water injection and utility chemicals for the Errea Wittu and Jaguar FPSO vessels. The offshore developments feature combined 500,000 bpd capacity. View the full article
Ecopetrol S.A. announced that its U.S. subsidiary, Ecopetrol Permian, has reached an agreement with Occidental Petroleum (OXY) to extend its development plan of Rodeo Midland Basin LLC under the joint-venture first established in July 2019. View the full article
(Bloomberg) – Tullow Oil Plc said it will consider selling non-core assets while it plans to repay bonds maturing soon with a mix of cash and available credit lines. Tullow borrowed billions of dollars during its free-spending days searching for new oil basins. View the full article
Golar LNG has entered into a share purchase agreement for the sale of all its shares in Avenir LNG to Stolt-Nielsen Gas Ltd. for a total consideration of approximately USD $40 million. The transaction is expected to be completed during Q1 2025. View the full article
(Bloomberg) – Oil prices went up this week after President Trump announced the U.S. would impose tariffs on a wide range of imports, including oil and gas. The decision could impact flows across North America's tightly integrated market. View the full article
TotalEnergies has selected IFS Cloud as part of its global asset management strategy. By implementing industrial AI, TotalEnergies can maintain all exploration, production, refining, and chemicals assets on a single platform, IFS stated. View the full article
(Bloomberg) – Chevron Corp. plans to increase oil production by as much as 10% in the Permian Basin this year despite reducing capital spending in the region, said Chief Executive Officer Mike Wirth. View the full article
Crescent Energy Company announced the closing of its acquisition of Central Eagle Ford assets from Ridgemar Energy for upfront consideration of $905 million, consisting of $830 million in cash and 5,454,546 shares. View the full article
Ovintiv has closed its previously announced acquisition of certain Montney assets from Paramount Resources Ltd. The acquisition adds approximately 70 thousand barrels of oil equivalent per day (MBOE/d) of production. 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.
