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Oil producer Cenovus Energy Inc. said it may spend hundreds of millions more than planned this year as it absorbs an acquisition in Alberta and restarts an offshore project off the coast of Newfoundland. View the full article
North Sea-focused oil and gas operator Ithaca Energy announced that its acquisition of Siccar Point Energy, an Aberdeen-based energy company, has been completed with all conditions having been met. View the full article
From a barbecue lunch at an LNG terminal in Texas to commercial talks near Capitol Hill, American natural gas companies are making a multi-state push to woo potential European buyers. View the full article
As a resource-rich country on the leading edge of many clean energy technologies, Norway is uniquely well placed for the clean energy transition, according to a new in-depth policy review by the International Energy Agency. View the full article
The Railroad Commission of Texas (RRC) assessed $1,008,396 in fines, involving 228 enforcement dockets against operators and businesses at the Commissioners’ Conference on Wednesday. View the full article
Energy Workforce & Technology Council CEO Leslie Beyer applauded the Supreme Court ruling in WVA vs EPA that limits EPA’s authority to regulate greenhouse gases from power plants. View the full article
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Among other things, Microsoft is making it possible for Exxon to analyze reams of oil field data. Amazon is helping drillers run simulations to maximize how much oil they can pump from existing wells. View the full article
CGG, a global technology and HPC company, announced a major multi-year global data transformation and curation agreement with bp, that will play a key role in supporting bp’s Subsurface digital strategy. View the full article
Quarterly and annual results only give you a snapshot showing what has been happening in recent months, so they do not tell you much about longer-term trends, said Will Webster, energy policy manager at Offshore Energies UK. View the full article
Wentworth Resources, an independent, Tanzania-focused natural gas production company, announces that it has reached agreement with Scirocco Energy plc to acquire its 25% non-operated working interest in the Ruvuma Production Sharing Agreement, in Tanzania. View the full article
Nigeria’s state energy company won a court decision temporarily blocking Exxon Mobil Corp. from selling assets in the country to Seplat Energy Plc. View the full article
Neptune Energy announced it will spend more than $1 billion over the next five years securing energy supplies for the UK and speeding the transition to net zero. View the full article
Libya boosted oil production to more than 1 million barrels a day, a milestone for the North African country where output had more than halved since mid-April. View the full article
Adaptive Process Solutions (APS), a produced water treatment specialist, has completed a highly successful field trial of its new Microbubble Infusion Unit (MiFU) technology, achieving a near five-fold reduction in oil in water (OiW) levels in combination with a synergistic production chemical. View the full article
Seatrium Limited has successfully clinched a Favored Customer Contract (FCC) with Hyundai LNG Shipping, marking its first long-term strategic partnership agreement with a leading Korean Liquefied Natural Gas (LNG) company for the repairs and upgrades of its LNG carriers. View the full article
UEM is an innovative approach that, for the first time, simultaneously integrates static and dynamic data in real time to represent subsurface conditions across multiple scales. This method improves the accuracy of reservoir models by consistently incorporating geologic uncertainties, making UEM vital to optimize reservoir recovery under uncertainty. View the full article
Equinor has exercised an option for a batch of eight wells to extend the use of the Odfjell Drilling’s Deepsea Aberdeen on the Norwegian Continental Shelf. The exercised options are planned to start in Q4 2025. The options have a value of approximately $121 million. View the full article
Wednesday’s ruling by a judge in Fort Worth, Texas, will allow Exxon to pursue claims that Arjuna abused the shareholder vote process by buying minimal shares to campaign for proposals that “are calculated to diminish the company’s existing business.” View the full article
The London-based major now aims to reduce its net carbon intensity by 15% to 20% by 2030, compared with a previous target of 20%. View the full article
The first phase of decommissioning commenced in February, with Elemental Energies providing well management services from its Houston office for the plugging and abandonment of wells in the Matagorda Island area, offshore Texas. View the full article
Evaluation of logging data, sample examination and formation pressure measurements confirm approximately 24 m of pay in an overall hydrocarbon column of 37 me. Notably, the hydrocarbon column extends across the boundary between the Gamba and the underlying Dentale formation. View the full article
Using the Dixstone-owned Nuada Self-Elevated Class 82 SD-C jack-up drilling rig, the Moke-East exploration well, located between Lukami and Motoba fields in the DRC coastal basin, encountered a 24 ft net oil-bearing column. The offshore discovery will be tested and the well completed in the coming weeks. View the full article
Saipem has been awarded three new contracts by TotalEnergies EP Angola Block 20, a subsidiary of TotalEnergies, for the Kaminho deepwater project relating to the development of Cameia and Golfinho oil fields, approximately 100 km offshore Angola. View the full article
The International Maritime Industries (IMI) already has signed offtake agreements totaling $10 billion over 10 years with partners Aramco and Bahri, for the delivery of 20 rigs and 52 vessels acquiring at least 75% of Bahri commercial vessel needs over the period from the shipyard. 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.
