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A4I gives UK companies of any size access to the UK’s top scientists and most advanced facilities, techniques and technologies in the world. It aims to boost productivity and competitiveness by helping companies to solve problems in innovative ways. View the full article
Nauticus Robotics, Inc. entered into an agreement with Shell plc to advance to the qualification phase for a more efficient means of acquiring subsea integrity data utilizing Nauticus’ Aquanaut and Hydronaut robotic platforms. View the full article
“One of the negatives of this quarter has been some horrible hedging; guys locked in at $42 a barrel,” Paul Sankey, the veteran oil-industry analyst and founder of Sankey Research LLC. View the full article
While the Inflation Reduction Act takes important steps toward new oil and gas leasing and investments in carbon capture and storage, it falls well short of addressing America’s long-term energy needs and further discourages needed investment in oil and gas, API said. View the full article
Saudi Aramco posted the biggest quarterly adjusted profit of any listed company globally driven by high crude prices and production. View the full article
The first Annual General Meeting of Energy NL occurred virtually on Tuesday and included reports from the CEO and treasurer, remarks by the incoming and outgoing chairs, and results of the board of director election process. View the full article
The American Petroleum Institute joined with nearly 60 other trade groups representing America’s natural gas and oil industry in opposing the Inflation Reduction Act as passed by the Senate. View the full article
The world is living through the first major energy crisis of the clean-power transition. It won’t be the last. View the full article
GATE Energy, the Houston-based engineering, commissioning and field services firm, announced that it has been awarded the commissioning management and execution contract for LLOG's Salamanca development. View the full article
Oil climbed, bookending another tumultuous week of trading, as investors weighed the prospect of a European Union ban on Russian crude and uncertainty over China’s virus resurgence. View the full article
TotalEnergies, as operator, announced the decision of the Papua LNG joint venture to launch the first phase of front-end engineering and design sudies for the Papua LNG project's upstream production facilities. View the full article
Invictus Energy is currently planning its maiden drilling campaign in the Cabora Bassa Basin in Zimbabwe which is estimated to commence in July, said Scott Macmillan, Managing Director of Invictus Energy. View the full article
Exxon Mobil Corp. is investing in a $29 billion project to boost Qatar’s gas exports, joining others including ConocoPhillips, TotalEnergies and Eni SpA. View the full article
Oil explorers need to raise drilling budgets by 54% to more than half a trillion dollars to forestall a significant supply deficit in the next few years, according to Moody’s Investors Service Inc. View the full article
West Texas Intermediate lost as much as 6.9% to slip under $97 a barrel as Wall Street traded lower and the dollar rose, making commodities priced in the currency more expensive. View the full article
Oil tumbled as concerns about a global economic slowdown and growing Covid-19 cased in China reduced risk appetite among traders. West Texas Intermediate lost as much as 8% to slip under $96 a barrel. View the full article
OPEC increased its forecast for global oil demand in the first quarter substantially, as some of this year’s recovery is delayed by Omicron but the overall risk from the new virus strain remains limited. View the full article
Royal Dutch Shell Plc is proving it’s taking a different approach to the energy transition. View the full article
A consortium of TotalEnergies, Corio Generation and Qair has been pre-selected by the French Directorate General for Energy and Climate to participate in a competitive tender to develop two floating windfarms in the Mediterranean Sea. View the full article
Railroad Commission of Texas Chairman Wayne Christian passed a resolution urging President Joe Biden and the U.S. Congress not to include anti-oil and -gas policies in the congressional reconciliation bill known as the "Build Back Better" act. View the full article
Woodside Petroleum Ltd. almost certainly won investor approval to boost global oil and gas production by adding BHP Group assets while also facing a rebuke on its climate accounting. View the full article
Neptune Energy announced the safe and successful drilling of four development wells on the operated Fenja field in the Norwegian Sea, in preparation for production start-up, the company said on July 25. 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
SBM Offshore has been awarded contracts to perform front end engineering and design for an FPSO for the Yellowtail development project. The FEED contract award triggers the initial release of funds by ExxonMobil’s subsidiary Esso Exploration and Production Guyana Limited to begin FEED activities and secure a Fast4Ward hull. View the full article
China’s central government officials ordered the country’s top state-owned energy companies -- from coal to electricity and oil -- to secure supplies for this winter at all costs, according to people familiar with the matter. 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.