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Eight out-of-control blazes have been discovered just south and southwest of the city since Wednesday, Alberta Wildfire data show. Those add to the three burning to the north, where the region’s main oil sands mines are located. View the full article
Suncor said late Thursday that it’s temporarily curtailing some production at Firebag because of a nearby wildfire. The blaze is about 8 km (5 miles) from the site and grew to about 12,000 hectares (29,650 acres) in size since Thursday. View the full article
Preliminary estimates place the size of the Gundrun discovery between 0.1 and 1.2 MMcm of recoverable oil equivalent in the intra-Draupne Formation, and between 0.4 and 1.3 MMcm of recoverable oil equivalent in the Hugin Formation. View the full article
The substantial fall of US crude oil stockpiles has not excited the oil price yet, buckling the familiar trend.
The positive news has been overshadowed by a myriad of factors, according to seasoned market watchers.
Some of the key reasons are as follows:
· The Federal Reserve makes it known the inevitability of its continuing support to revive the battered economy
· The outbreak of Covid-19 clusters again in China in the middle of winter
· The rel
As he opened the COP26 climate talks in November, Boris Johnson warned “it’s one minute to midnight” in the race to slash planet-heating carbon emissions. His government has since announced £37 billion of funding focused squarely on subsidizing the consumption of energy -- much of it fossil fuels. View the full article
As he opened the COP26 climate talks in November, Boris Johnson warned “it’s one minute to midnight” in the race to slash planet-heating carbon emissions. His government has since announced £37 billion of funding focused squarely on subsidizing the consumption of energy -- much of it fossil fuels. View the full article
‘Logging While Drilling’ (LWD) and wireline logging data have indicated that several oil-and-gas-bearing sandstones have been encountered within the targeted Middle Miocene turbidite sequences. View the full article
Whitecap Resources Inc., a Canadian conventional and shale driller, plans to increase natural gas activity in the second half of the year to capitalize on a surge in prices, Chief Executive Officer Grant Fagerheim said. View the full article
The Biden administration called on OPEC countries and U.S. regulators to do more to ensure a stable energy supply, with a specific focus on retail gasoline prices that the President pledged to keep affordable. View the full article
With the U.S. unlikely to ever reach previous crude production levels, OPEC+ is moving to roll back part of their oil supply cuts in the coming months. View the full article
Commenting on the passage of the bill, American Petroleum Institute President and CEO Mike Sommers said “At a time when energy prices have risen alongside broader economy-wide inflation, the House reconciliation bill would only exacerbate the challenges facing Americans." View the full article
Gulf Energy Information (Gulf) is proud to host the 20th annual Women's Global Leadership Conference in Energy (WGLC), taking place November 19-20, 2024, at the Marriott Marquis, Houston, Texas. View the full article
(WO) – The Women’s Global Leadership Conference celebrated its 20th year running, as it kicked off on Nov. 19, once again bringing female leaders and industry experts from around the globe to discuss pressing concerns and shifts in the industry that are unique to the female experience. View the full article
(WO) — The 20th annual Women’s Global Leadership Conference in Energy (WGLC) kicked off today with a powerful opening session led by Alexandra “Alie” Pruner, Senior Advisor at Perella Weinberg Partners/TPH&Co. View the full article
Latest analysis from Westwood Global Energy Group reveals a healthy recovery roadmap for the global land rig market, driven by higher commodity pricing and mounting pressures around energy security. View the full article
Latest analysis from Westwood Global Energy Group reveals that, in spite of challenges due to COVID-19 and the accelerating energy transition, high impact oil and gas exploration drilling in 2021 maintained its momentum. View the full article
Analysis from Westwood Global Energy Group indicates offshore wind energy projects final investment decisions (FIDs) will grow by 57% in the next year. View the full article
While a recovery is anticipated year-on-year through 2025, it is expected to be gradual and characterized by operator caution as they navigate several important considerations - pace of global demand recovery, the energy transition, and geopolitics. View the full article
Westerton Access, a global provider of specialist subsea inspection, maintenance and integrity services to the energy market, announced the appointment of James Griffin, who has joined the business in the role of Regional Manager, overseeing sales and operations for the company’s Europe and West Africa business unit. 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
Weatherford has announced two contracts in the Middle East, with Kuwait Oil Company (KOC) and a National Oil Company (NOC) in Qatar. The contracts will implement Weatherford's drilling technologies for enhanced safety, speed, and cost-efficiency in well delivery. View the full article
Weatherford has been awarded a three-year contract for the provision of rigless services as part of the reactivation of ADNOC onshore strings. Weatherford is expected to deploy multiple intervention solutions, advancing the operational efficiency and reliability of ADNOC’s onshore assets. View the full article
The integration of Weatherford’s digital offering with Datagration’s unified data models creates a powerful solution for surveillance, optimization, and decision-making across the well lifecycle. The combination enhances Weatherford’s capabilities in digital transformation and drives amplified synergies with its ForeSite®, CygNet ®, and CENTRO® platforms. View the full article
Weatherford will offer its Accuview downhole monitoring solutions with the AlphaVTM next-generation whipstock system. Notably, in 2023, Weatherford successfully introduced AlphaVTM, enabled by the Accuview platform in the North Sea for Equinor. View the full article
Girish Saligram, Weathrford's President and CEO said "We believe this is the right time in our reemergence to relist on the NASDAQ stock exchange and that doing so will enhance long-term shareholder value by improving the Company's visibility, expanding liquidity in our ordinary shares, and providing a broader institutional investor base the opportunity to invest in the new Weatherford." 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.
