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CNX Resources Corporation has entered into a definitive agreement to acquire the natural gas upstream and associated midstream business of Apex Energy II in the Appalachian Basin for total cash consideration of approximately $505 million. View the full article
The Deepwater Development Conference (MCEDD), the flagship event for innovation and collaboration in the deepwater oil and gas industry, is pleased to announce an addition to the MCEDD board from Total Energies. View the full article
(Bloomberg) – Equinor ASA and Shell Plc will combine their British offshore oil and gas assets to form a new company, which they said will be the UK North Sea’s biggest independent producer. View the full article
(Bloomberg) – Saudi Aramco is moving closer to building a giant carbon capture and storage project at its main refining and chemicals hub at Jubail, on the kingdom’s Gulf coast. View the full article
OEG Energy Group has moved into a new global HQ in Dyce, Aberdeen, following a seven-figure sum investment in a multi-year lease. This marks a significant milestone in the organization’s 50-year journey, serving as a launch for its global expansion goals. View the full article
HullWiper has joined with Unidive Subsea to bring its ROV hull cleaning technology to PSA terminals, Seatrium Yards and Singapore’s inner anchorages. Plans are also in place to serve FPSOs, FSOs and semi-submersibles under contracts with regional oil and gas companies. View the full article
Gradient Geothermal will provide Chord Energy with geothermal power generation and fluid cooling services. This first of its kind deployment of Gradient's technology removes heat from produced fluids and channels those resources to create electricity. 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
(Bloomberg) -- Saudi Aramco is moving closer to building a giant carbon capture and storage project at its main refining and chemicals hub at Jubail, on the kingdom’s Gulf coast. View the full article
Compass Datacenters has signed a multi-year capacity agreement with Siemens to supply a custom modular medium-voltage skid solution. The solution consolidates the capabilities of multiple electrical components into a single integrated unit. View the full article
Gulf Marine Services (GMS) has been awarded a new contract for one of its small-class vessels in the Gulf Cooperation Council (GCC) Middle East region. The contract spans a total of 18 months, including optional extensions. View the full article
SLB Capturi has completed construction of the carbon capture plant at Heidelberg Materials’ cement facility in Brevik, Norway. The facility will reduce emissions by up to 400,000 metric tons of CO2 annually for Heidelberg Materials. View the full article
McDermott has been awarded a front-end engineering design (FEED) contract by Repsol Exploración México S.A. for the Polok and Chinwol field development project in the Gulf of Mexico. The project's engineering delivery will be led from McDermott's Houston office. View the full article
SLB Capturi has completed construction of the carbon capture plant at Heidelberg Materials’ cement facility in Brevik, Norway. The facility will reduce emissions by up to 400,000 metric tons of CO2 annually for Heidelberg Materials. View the full article
(Bloomberg) – OPEC’s crude production increased for a second month as Libya continued to recover from a political feud that had closed its biggest oil field. View the full article
Halliburton has launched its Intelli suite of diagnostic well intervention wireline logging services, designed to facilitate customer collaboration, improve well insights to enable increased production, help extend asset life and reduce total cost of operations. View the full article
INNIO Group has acquired Souer Co., Ltd., a specialist in engine-based technology and customer-centric services within the midstream and power generation industries. View the full article
TotalEnergies highlights the value of its multi-energy strategy and strategic partnerships in Saudi Arabia as the company reflects on half a century of operations in the Middle East Kingdom. View the full article
McDermott has been awarded a front-end engineering design (FEED) contract by Repsol Exploración México S.A. for the Polok and Chinwol field development project in the Gulf of Mexico. View the full article
Trendsetter Vulcan Offshore (TVO) has appointed Russell Collins as Country Manager, Australia, to head up the company’s newly opened office in Perth. View the full article
Energy NL has announced its full support of Premier Andrew Furey's statement which maintains the federal emissions cap regulations must respect the Atlantic Accord and the principle of joint management. View the full article
African Export-Import Bank has signed an agreement for a US$ 100-million Revolving Trade Finance Facility in favor of oil trader JE Energy Limited to support its contract implementation in the Republic of Guyana.
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PetroTal Corp. has successfully acquired 100% working interest in Peru Block 131, following its acquisition of CEPSA Peruana. The Los Angeles oil field at Block 131 was discovered by CEPSA Peru in 2013. View the full article
Springfield Exploration and Production has successfully completed appraisal well test activity at the Afina oil and gas discovery, offshore Ghana. View the full article
Offshore Energies UK (OEUK) says Scotland’s new hydrogen export strategy can build on the nation’s industrial strengths and unlock a £93 billion export opportunity if firms are now backed with a clear action plan to attract investment and talent. 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.
