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Kent and the Energy Institute have announced a collaboration to create comprehensive guidelines for the economics of decarbonization in greenhouse gas (GHG) emission reduction projects within the upstream oil and gas sector. View the full article
Kent, a UAE-headquartered engineering company, has launched its UAE Designers and Drafters Training Program. This initiative is specifically designed to equip young Emirati high school graduates and engineering diploma holders with the skills and knowledge necessary to excel in the energy industry. View the full article
Kent has secured a three-year global Engineering, Procurement, and Construction Management (EPCm) framework contract by bp (P&O Projects). The framework covers the full scope of EPCm services, supporting bp’s asset lifecycle, from small and large projects to minor modifications. View the full article
Kent, an integrated energy services company, says it had a positive start to 2022 with some strategic project wins across the globe adding a total of over $550 million to the company’s backlog. View the full article
KCA Deutag announced it has signed a Sale and Purchase Agreement to acquire Saipem SpA’s onshore drilling business for a total consideration payable at closing of $550 million in cash and 10% equity interest in the group. View the full article
Global drilling, engineering and technology provider KCA Deutag has been awarded contracts worth almost $185m from leading exploration and production companies across key markets in the Middle East region. View the full article
KCA Deutag has secured contracts worth around $110 million for its land drilling business in Pakistan, Russia, Kurdistan, south-eastern Europe and Germany. The new business is made up of a mix of contract wins, allowing the company to mobilize stacked rigs, and contract extensions. View the full article
KCA Deutag, a global drilling, engineering and technology provider, secured contract extensions and options totaling over $170 million, with the majority focused on extensions with existing clients across core markets in the Middle East. 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
KBR has been awarded a contract to support sustainable production of energy resources in Saudi Arabia by contributing to the delivery of Saudi Aramco's Master Expansion Program and increasing gas handling capacity at key regional locations. View the full article
KBR is launching a study to develop a carbon-neutral, green ammonia-based system to power a semi-submersible drilling unit owned by Odfjell. View the full article
KBR announced it has been awarded a global agreement by bp for engineering, procurement and construction management (EPCM) services. Under terms of the contract, KBR will provide EPCM services for three years with an option to extend. View the full article
Kazakhstan expects its main oil-export route via Russia to restore full operations in late April, but remains concerned about the possible impact of Western sanctions or shipping problems on the flow of crude. View the full article
Kazakhstan is in talks with China about increasing gas exports and is even considering building an additional pipeline to boost flows, underscoring the growing significance of its role in the region’s fuel market. View the full article
The Texas Alliance of Energy Producers (the Alliance) board of directors has appointed Karr Ingham as the organization’s new president, effective July 1, 2024. View the full article
The pick-up in activity across the key Asian market comes amid a flurry of signs that global oil consumption is improving as economies including the U.S. shake off the impact of the pandemic. So far in 2021, Brent futures have soared 30%, and last traded near $67 a barrel. View the full article
The Trump administration’s approval of a ConocoPhillips oil field project on Alaska’s Northern Slope was rescinded by a federal judge who said it failed to adequately protect polar bears and didn’t properly consider the effects on climate change. View the full article
A federal judge ruled Brazil’s Petrobras liable in a lawsuit filed by Houston firm IEG Global Energy Partners, finding that Petrobras defrauded EIG in connection with a deal to build and charter 28 oil drilling rigs off the coast of Brazil. View the full article
A federal judge ruled Brazil’s Petrobras liable in a lawsuit filed by Houston firm IEG Global Energy Partners, finding that Petrobras defrauded EIG in connection with a deal to build and charter 28 oil drilling rigs for work off the coast of Brazil. View the full article
While most hydrogen is currently extracted from gas, there’s a push to use renewable energy to make the fuel from water, which wouldn’t generate carbon emissions. Oil and gas companies have “incredible infrastructure” to transport hydrogen, Kerry said. View the full article
Johan Castberg is a large oil field with estimated recoverable volumes of between 450 and 650 MMbbl. The field will produce for 30 years, and at its peak, Johan Castberg may produce 220,000 bpd. View the full article
The White House and 49 senators support a proposal to impose an almost $20 per-ton fee on carbon as part of President Joe Biden’s climate-and-spending legislation, U.S. Senator Sheldon Whitehouse said Saturday. View the full article
West Virginia Senator Joe Manchin stands alone among his fellow Democrats, recognizing the long-term economic damage Biden's $3.5T liberal wish list would inflict on America’s ability to meet its own energy needs, and compete in the global economic arena. View the full article
President Joe Biden has been weighing the merits of releasing oil from the Strategic Petroleum Reserve to try to quell gasoline prices. A release by China was raised by the U.S. during this week’s virtual summit with President Xi Jinping, the South China Morning Post reported, citing an unidentified person. View the full article
Capable of producing up to 550 MMcfgd, this project is poised to address the increasing global energy demand at a time when executives are betting on natural gas. 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.
