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Some of the high-impact technologies in 2019 no longer have the same economic punch in today’s Covid-19-battered market. At the same time, say some operators and innovators, some of the overlooked or low-impact technologies now are extremely useful, even transformative. View the full article
In an effort that has been underway for several years and is now set against a backdrop of triple-digit oil prices, oil and gas companies are continuing attempts to devise new methods of increasing production from existing unconventional wells. View the full article
Enverus has released its annual list of the 100 most prolific private oil and gas producers in the U.S. based on gross operated production, well count and rig movements across last year. Continental Resources and Ascent Resources remain in the top two positions on the list, with Aethon Energy moving up to the third position, according to Enverus. View the full article
Enverus has released its annual list of the 100 most prolific private oil and gas producers in the U.S. based on gross operated production, well count and rig movements across last year. Continental Resources and Ascent Resources remain in the top two positions on the list, with Aethon Energy moving up to the third position, according to Enverus. View the full article
Overall, Q2 was a challenging quarter for negotiating deals as volatility roiled both commodity and equity markets. Despite that, about $12 billion was transacted in upstream M&A. View the full article
Upstream M&A activity notched its third consecutive quarter of heightened value with more than $30 billion transacted. That brings year-to-date activity, including July deals, to nearly $90 billion and nearly $250 billion transacted in the last 12 months. Prior to the latest run of consolidation, quarterly M&A value had only topped $30 billion three times since the start of 2017. View the full article
Enverus Intelligence® Research (EIR) has published its summary of Q4 and full-year 2024 upstream M&A activity, reporting $105 billion in U.S. upstream deals closed in 2024, the third highest total tracked by Enverus analysts. View the full article
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
An upstart driller in Mexico aims to provide 10% of the country’s natural gas needs as it develops prospects south of Texas’s border. View the full article
A natural gas pipeline in Texas leaked methane from a 16-inch pipe that’s a tiny part of a vast web of unregulated gathering lines across the U.S., linking production fields and other sites to bigger transmission lines. View the full article
Researchers from the University of Oklahoma, Los Alamos National Laboratory, along with industry partners, have been awarded an $18.7M grant from the U.S. Department of Energy to investigate commercial subsurface storage of carbon dioxide (CO2). View the full article
Researchers from the University of Oklahoma, Los Alamos National Laboratory, along with industry partners, have been awarded an $18.7 million grant from the U.S. Department of Energy to investigate commercial subsurface storage of carbon dioxide (CO2). View the full article
The forecast fell £1.5 billion to £44.5 billion last year – contributing to a total cut of £15 billion since 2017, when the North Sea Transition Authority introduced a baseline estimate of £59.7 billion and set a target of reducing costs by 35% to £39 billion by end-2022. View the full article
Subsea connection systems provider UNITECH Offshore, and thermoplastic composite pipe (TCP) manufacturer, Strohm, have signed a memorandum of understanding (MoU) to develop and commercialize an integrated system for the transportation of fluids and gases. View the full article
Unique Group has appointed Fraser Moonie as their Global Commercial & Strategy Development Director – Survey Equipment. Fraser will play a key role in leading and executing the strategic commercial initiatives across Unique Group’s global locations. View the full article
European natural gas futures jumped, extending their rebound from last week’s slump, as shipments from Russia fell. View the full article
DTEK CEO Maxim Timchenko said the Ukrainian people and armed forces of Ukraine have demonstrated persistent and strong resistance in facing the Russians, while DTEK Group has made its contribution to a Ukrainian victory. View the full article
The offshore gas platform was reportedly utilized for GPS spoofing to disrupt civilian navigation. A Ukrainian Navy spokesman emphasized that the platform was not in civilian use, and no civilians were present at the time of the attack. View the full article
During the five years ending in 2023, companies reduced their pollution by more than 25%, a percentage they originally pledged to achieve by 2027 in the North Sea Transition Deal, according to Offshore Energies UK. View the full article
A trio of exciting new low-carbon technologies are set to generate 26,000 new UK energy jobs by 2030, according to research by Robert Gordon University. View the full article
Over the next five years, almost half of the additional oil and gas production that could have got the go-ahead under the current tax system would be uneconomic under the new proposals, OEUK said in a report. That puts more than 35,000 jobs at risk in 2029 due to projects being shelved, the group said. View the full article
Petroleum production in the waters between the UK and Norway peaked some 20 years ago. Yet the offshore industry still supports more than 200,000 jobs and adds billions of pounds to the nation’s GDP, giving it serious economic weight even in its twilight years. View the full article
Cairn Energy Plc shareholders can expect a payback of as much as $700 million once the UK oil producer settles a long-running tax dispute with India. View the full article
The UK won a challenge over its decision to grant BP Plc a North Sea oil permit as judges pointed to the need for the country to have diverse sources of fuel as the current energy crisis drives prices for power ever higher. View the full article
Oil and gas exploration and production companies in the North Sea are set to miss out on billions of dollars of cash after the UK implemented a windfall tax on energy firms to tackle the rising cost of living. 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.
