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The largest U.S. natural gas driller is using the global energy crisis to renew his call for more investment in domestic infrastructure such as pipelines, which he says will enable increased exports and ease shortages. View the full article
EQT Corp., the largest U.S. natural gas producer, agreed to acquire a privately held competitor in a $5.2 billion deal to expand holdings in the prolific Marcellus shale. View the full article
EQT. Corp., America’s largest natural gas driller, set a target to zero out emissions from its own operations and energy use in just four years. The harder part will be tackling pollution from customers, a problem the producer is still mulling. View the full article
Prices for natural gas would “skyrocket” if fracking was banned. That’s according to Toby Rice, chief executive officer of shale driller EQT Corp., marking one of the first prominent voices in the fossil fuel industry to comment on the election after President Joe Biden said he would end his candidacy. View the full article
Prices for natural gas would “skyrocket” if fracing was banned. That’s according to Toby Rice, chief executive officer of shale driller EQT Corp., marking one of the first prominent voices in the fossil fuel industry to comment on the election after President Joe Biden said he would end his candidacy. View the full article
EQT Corporation today announced it entered into a purchase agreement with Alta Resources Development, pursuant to which EQT will acquire all of the membership interests in Alta's upstream and midstream subsidiaries for approximately $2.925 billion, subject to customary closing adjustments. View the full article
(WO) — In partnership with a Calgary-based private operator, Epsilon will earn a 25% working interest in undeveloped lands, covering approx. 150,000 gross total acres in the Mannville and Upper Viking formations and targeting horizontal drilling of oil wells View the full article
The U.S. Supreme Court refused for now to halt a Biden administration crackdown on methane emissions from oil wells, tanks and pipelines. View the full article
EOG Resources Inc., one of the biggest U.S. shale oil producers, is ready to ramp up output as soon as this summer if the market demands it. View the full article
Environmental groups sued the Biden administration to block its revival of plans to allow new oil drilling on public land in western states. View the full article
Enverus Intelligence® Research (EIR) is releasing its annual Haynesville Play Fundamentals that examines the distribution of remaining inventory across the play using economic viability. The report leverages Enverus analytics to assess the prospective quality of the emerging Western Haynesville play. View the full article
Enterprise Products Partners LP agreed to buy Navitas Midstream Partners LLC from Warburg Pincus LLC for $3.25 billion in cash to add natural gas pipeline and processing assets in the Permian Basin, the world’s most prolific shale basin. View the full article
EnQuest PLC, an oil and gas production and development company, announced it signed an agreement with Whalsay Energy Holdings Limited to purchase Whalsay’s 100% equity interest in the P1078 license containing the proven Bentley heavy-oil discovery. View the full article
(WO) — Enovate AI has announced a strategic partnership with SGS to revolutionize drilling efficiency in the oil and gas industry through the application of AI-driven Bottom Hole Assembly (BHA) optimization, specifically focusing on roller reamer placement. View the full article
Enovate AI has announced a strategic partnership with SGS to revolutionize drilling efficiency in the oil and gas industry through the application of AI-driven Bottom Hole Assembly (BHA) optimization, specifically focusing on roller reamer placement. View the full article
(WO) — Enovate AI has partnered with Blu Clarity to deliver AI-powered real-time data analytics that will enhance efficiency, reduce costs, promote sustainability and ultimately revolutionize upstream oil and gas operations. View the full article
Eni's HPC6 supercomputer has achieved a debut ranking of No. 5 in the new TOP500’s list. HPC6 is the world’s first industrial-use supercomputer and the only non-U.S. system among the top five in the world.
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The first MoU focused on the expansion of Eni and SOCAR’s cooperation on oil and gas exploration and production, with the aim of strengthening the energy security of Europe, and Italy in particular. A second MoU envisages the cooperation of Eni and SOCAR to reduce greenhouse gas emissions and improve energy efficiency in the upstream sector. View the full article
Eni CEO Claudio Descalzi and SOCAR (State Oil Company of Azerbaijan Republic) CEO Rovshan Najaf signed a Memorandum of Undestanding (MoU) in Baku to evaluate potential cooperation opportunities in the areas of oil and gas exploration and production, energy security and efficiency, GHG emissions reduction, gas transportation infrastructures and sustainability. View the full article
Oil majors in Nigeria have been offloading onshore and shallow water blocks — located in a challenging operating environment, where infrastructure damage from crude theft is a regular occurrence — to domestic producers for more than a decade. View the full article
(Bloomberg) – Nigerian regulators approved the sales of units of Eni SpA and Equinor ASA after months of delay as oil majors continue exiting operations in the West African nation. View the full article
Eni announced its work with Amazon Web Services (AWS) to integrate its proprietary data platform XWARE with the cloud native Open Subsurface Data Universe on AWS. This enables faster data exchange between external ecosystems, deployment of innovative Seismic Cloud applications, and fostering new digital workflows and insights. View the full article
(WO) — Eni and KKR have signed an agreement under which KKR will take a 25% stake in Enilive’s share capital, for a total of $3.2 billion. The transaction brings together both companies' expertise to strengthen their energy businesses. View the full article
The Italian oil and gas company is working with advisers including Standard Chartered Plc on the possible stake sale, the people said, asking not to be identified as the information is private. Eni could sell up to 30% of the business and is drawing interest from other energy companies, including from Asia, the people said. View the full article
Eni SpA became the second foreign firm to win a stake in a $29 billion project that will expand Qatar’s production of liquefied natural gas as the energy crisis in Europe escalates and prices climb. 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.