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Oman’s state energy company raised $2 billion from the initial public offering of its exploration and production business, marking the sultanate’s biggest listing on record. View the full article
Petrobras is pushing to extract as much oil as possible from its existing fields in Brazil while simultaneously hunting for new reserves to prevent production from starting to decline in the 2030s. View the full article
Transocean today announced a one-year contract for the Deepwater Conqueror with an undisclosed operator in the U.S. Gulf of Mexico. View the full article
Wood is leading a joint industry partnership to create industry guidelines for CO2 specifications to accelerate sustainable Carbon Capture, Utilization and Storage (CCUS) projects.
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Enverus industry analysts have released a summary of 3Q24 upstream M&A activity, with the pace of deals significantly slowing in the third quarter of 2024 to just $12 billion in announced deals. View the full article
Exxon Mobil Corp has announced plans to sell a portion of its assets in North Dakota's Bakken shale formation, according to Reuters. View the full article
MOL Group signed a Memorandum of Understanding with Turkish Petroleum Corporation (TPAO) in Istanbul to form a strategic partnership for hydrocarbon exploration and production. View the full article
Perenco Colombia successfully completed drilling of three new development wells on the Paravare and Chaparrito fields at Casanare, onshore Colombia, identifying large oil discoveries. View the full article
Wood is leading a Joint Industry Partnership (JIP) to create industry guidelines for CO2 specifications to accelerate sustainable Carbon Capture, Utilization and Storage (CCUS) projects. The guidelines are the first of their kind to focus on the impact of impurities in CO2 across the entire CCUS value chain.
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OMMICA has supplied portable testing kits to one of Saudi Arabia’s leading oil and gas producers, a landmark achievement after almost 15 years utilizing its in-house chemical testing methodology. View the full article
Baker Hughes has secured an order to supply centrifugal and electrical-driven Integrated Compressor Line (ICL) compressors to Saipem for TotalEnergies’ Kaminho FPSO unit in offshore Angola. View the full article
Enverus Intelligence Research gives an in-depth analysis of challenges and opportunities in hydrocarbon supply amid commodity price volatility View the full article
Oil prices dropped and concerns over supply chain disruption were eased Tuesday after a report that Israel may avoid targeting Iran’s crude infrastructure. Traders’ focus is now turned back to the International Energy Agency’s expectations of a surplus early next year. View the full article
North Star has secured its first contract for a commissioning service operation vessel (CSOV), a second award with EnBW, further establishing the company’s growing presence in the European offshore wind sector. View the full article
Nabors Industries has announced a definitive agreement to acquire Parker Wellbore in a transaction valued at $472 million. This strategic move strengthens Nabors' Drilling Solutions business and will lead to profitable growth for both companies. View the full article
Growing demand for application-specific routing and cyber security has created new solutions for users, writes Alexandre de Luca, President, Energy, Enterprise and Government, Marlink View the full article
Fulkrum has announced the expansion of its service portfolio with the introduction of new Asset Integrity Management (AIM) Services. View the full article
Woodside Energy has announced the successful completion of the installation of the Scarborough Energy Project trunkline which will transport offshore gas to the onshore Pluto LNG processing facility in Karratha. View the full article
KBR announced today it has been awarded an engineering and procurement services contract for the Beachfield Manatee upgrade, the onshore portion of the Manatee gas field project. View the full article
Bowman has won a $1.2 million contract with a leading exploration and production company to provide comprehensive asset management and regulatory compliance tracking services for over 1,000 wells in the Delaware Basin, Texas. View the full article
OPEC trimmed its forecasts for oil demand growth this year and next for a third consecutive month as the group belatedly recognizes a slowdown in global fuel use. View the full article
Fulkrum has announced the expansion of its service portfolio with the introduction of new Asset Integrity Management (AIM) Services. View the full article
The U.S. Export-Import Bank authorized a $690 million loan to help build a petrochemical plant in Malaysia, despite objections from climate activists. View the full article
ExxonMobil Guyana plans to increase output from its Stabroek block offshore Guyana by 18,000 bpd once it has completed risk assessments and received approval from local authorities. View the full article
Nigerian National Petroleum Corp. (NNPC) and partners including Shell, TotalEnergies and Agip struck a landmark deal to sell gas to the methanol-manufacturing project of the country’s Brass Fertilizer & Petrochemical Co. Ltd. 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.
