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Regional Business Development Manager - The Americas - Marine Seismic OV/WS/1294

Salary A senior level role offering a highly attractive Base Salary plus Commission+++   |   Sales / Marketing  |  Houston, Texas, USA

Senior Contracts Engineer/ Contracts Engineer

Salary £500 - £600 per day + competitive   |   Engineer - General  |  Scotland, Aberdeen

Controls Engineer

Engineer - Design & Construction  |  United Arab Emirates

Group Financial Accountant

Salary £55000 - £65000 per annum + excellent package   |   Alternative Energy  |  England, London

Senior Mechanical Engineer

Salary Competitive   |   Engineer - Design & Construction  |  Aberdeen, Aberdeen City, Scotland, Scotland

Construction Director - E&C Contractor

Salary £149738.26 - £179685.91 per annum + High end ex-pat package   |   Engineer - Design & Construction  |  Malaysia, Kuala Lumpur

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20th Latin Upstream Conference 2014This event has a discount code!

Monday, September 1, 2014 until Wednesday, September 3, 2014  |   Posted by Glopac Pacific & Partners

SAP Operations and Maintenance Forum

Thursday, September 4, 2014 until Thursday, September 4, 2014  |   Posted by Absoft

Petroleum Innovation Expo

Tuesday, September 9, 2014 until Thursday, September 11, 2014  |   Posted by Petroleum Innovation Expo

Deep Sea Mining Summit

Monday, September 15, 2014 until Wednesday, September 17, 2014  |   Posted by evvnt

HR and Talent Management in Oil & Gas 2014

Monday, September 15, 2014 until Tuesday, September 16, 2014  |   Posted by Inside Intelligence

Next Generation Outsourcing & Shared Services World 2014

Monday, September 15, 2014 until Friday, September 19, 2014  |   Posted by InVida Events

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Introduction to Open Hole Log Analysis

Monday, September 1, 2014 until Friday, September 5, 2014  |   Posted by HOT Engineering

The Essentials of Oil and Gas Commercial Contracts and Negotiations in London

Monday, September 8, 2014 until Wednesday, September 10, 2014  |   Posted by Warren Business Consulting

Offshore Marginal Field DevelopmentThis event has a discount code!

Monday, September 15, 2014 until Friday, September 19, 2014  |   Posted by School of Energy & Corporate Leadership

Petroleum Economics and Risk Analysis

Monday, September 15, 2014 until Friday, September 19, 2014  |   Posted by OPC

Risers, umbilicals and flexibles

Tuesday, September 16, 2014 until Friday, September 19, 2014  |   Posted by Jee Ltd

Global LNG Markets - one day training course

Thursday, September 18, 2014 until Thursday, September 18, 2014  |   Posted by MJMEnergy Limited

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Opinion & Commentary

Oil price, Cape, Caza, Petrofac, Plexus plus sundry follow up etc, And finally...

Wednesday, August 27, 2014

Oil price Brent crude broke upwards through $103 last night but couldn't hold it and fell back to finish lower at $102.50. Brent is seriously range bound and I remain bearish for the time being with outside influences creating downward pressure. This will not last forever though and one should be considering when to start considering buying the contract again. WTI bounced a touch as the API inventory stats revealed a further draw, this time of 1.3m barrels, EIA numbers tonight may keep that slightly more buoyant feeling going. Cape Cape have produced interims this morning and the first half was in line with expectat... Read more

US companies benefit from move from natural gas to oil production

Tuesday, August 26, 2014

The last few years have seen many of the oil and gas companies in the United States change their strategy away from natural gas and focus on oil producing assets due to low gas prices. Despite the steady and gradual recovery in the Henry Hub benchmark gas price in the US since the middle of 2012, second quarter data from a group of US oil and gas producers in the Evaluate Energy database shows that this move towards oil production has still been very worthwhile. Source: Evaluate Energy - The Henry Hub gas price shows a gradual increase on average from Q2 2012 ($2.29/mcf) to Q2 2014 ($4.60/mcf) while the WTI oil price has... Read more

Update on US natural gas, coal, nuclear, and renewables

Tuesday, August 26, 2014

On August 6, I wrote a post called Making Sense of the US Oil Story, in which I looked at US oil. In this post, I would like to look at other sources of US energy. Of course, the energy source we hear most about is natural gas. We continue to be a net natural gasimporter, even as our own production rises. Figure 1. US natural gas production and consumption, based on EIA data. US natural gas production leveled off in 2013, because of the low level of US natural gas prices. In 2013, there was growth in gas production in Pennsylvania in the Marcellus, but many other states, including Texas, saw decreases in production. In ... Read more

Oil price, Sundry round up, And finally...

Friday, August 22, 2014

Oil price As one might expect on the day before the August Bank Holiday weekend company news is a bit thin on the ground. I have just come back from a couple of days in Aberdeen (more later) where business is still booming. One interesting point came out whilst I was up there and that was in comments made by oil legend Sir Iain Wood, in an interview with an industry paper he confounded the hopes of the Yes campaign on future potential of 'Scotland's oil'. As mentioned in this blog earlier in the week when I looked at the findings of the N-56 group, Sir Iain also said that there was nothing like the amount of o... Read more

Yet another suspect Keystone 'study' hits the stage

Thursday, August 21, 2014

In the future, honest historians (if such a thing still exists in the future) will look back on the green movement's demonization of the Keystone XL Pipeline as perhaps the single most dishonest advocacy campaign in American history. Never has such a mass quantity of misinformation and outright lies been distributed by activists and parroted by clueless and/or sympathetic media outlets about a single inanimate object as has been directed at this pipeline project. The latest example comes from U.S.-based researchers affiliated with the Stockholm Environment Institute. The report absurdly claim that increased carbon emi... Read more

Deep Water Fields - the end or the end of the beginning?

Thursday, August 21, 2014

For the last 20 years - or much longer if you rightly include the Gulf of Mexico and Brazil - the discovery of Deep Water Fields has been the target of much exploration spend and even more development Capex, and as a result production from them now represents a significant slice of global non-Opec production. But today it's possible to take a gloomy view: Discoveries appear to be drying up, with several high profile dry holes in the South Atlantic for example: perhaps we have simply run out of prime geology? The cost of deep water exploration and appraisal wells has exponentiated: let's face it, economics goes ... Read more

Oil price, Chariot, Sundry + catch up, And finally...

Wednesday, August 20, 2014

Oil price The Brent/WTI differential you may have noticed, is swinging around a lot at the moment, yesterday it was down to Brent rallying and WTI weaker ahead of the expiry today. Brent actually looked technically very dodgy during the day, traders are watching the $101.40 support very carefully and at one stage it touched $101.07 but bounced off it and at the moment we are at last nights close levels. WTI looks a little better after the API inventory stats showed a draw of 1.4m barrels, slightly higher than forecasts. Underlying of course things do remain bearish as I have been suggesting for some time (see the IG vide... Read more

The Clair Oilfield - distilling facts from fiction

Tuesday, August 19, 2014

In an email last week: Recently a number of friends of mine have been telling me that the largest oil field in the world has been discovered encompassing BP Clair Ridge. They further tell me that the UK government has ordered BP to stay quiet about this until after the independence referendum. Now this seems unlikely to me to say the least but I wonder if you have any comment. I agreed to write a short post setting out the facts as I understand them. I do not own any shares in BP, but many years ago I was involved in geochemical and mineralogical characterisation of the reservoir that led to the development of techniques... Read more

Two myths associated with U.S. shale oil

Monday, August 18, 2014

Myth Number 1: The U.S. is approaching energy independence. There is no doubt we are in the midst of a shale oil revolution. But the growth of production has led to reporting that might charitably be described as overly optimistic. In fact, the Wall Street Journal reported last week, in an article entitled Democrats Warming to the Energy Industry, “Since March 2008, oil production has increased 58% and natural-gas output has risen 21%, making the U.S. the world’s largest producer of both fuels, according to federal and international agency statistics.” I don’t know which federal statistics tha... Read more

Oil price decline - to what price?

Monday, August 18, 2014

Triple Digit Prices are Not Forever In what is only superficially amazing at a time when Islamic insurgency, including Boko Haram in Nigeria and ISIS in Iraq may be threatening the state, civil society and the oil sector in major exporter countries, oil prices are declining quite rapidly. The “magic three digit” price level for oil - $100 a barrel come rain or shine – has been seriously eroded for US WTI and may soon also be attacked for Brent. The major reason for this decline is sharper than expected and forecast decline in leading economic indicators for many large importer countries, including Japan ... Read more

Oil price, Sundry news items- Rosneft-Genel-Salamander-Fastnet-Apache and finally...

Monday, August 18, 2014

Oil price Its the silly season alright and with lots of people away its not easy finding much to get ones teeth into. The oil price is without doubt under pressure indicated by the Brent contango and by fairly random movements dictated by news such as the Ukraine attack on a Russian convoy on Friday night. Brent had fallen sharply with the new contract on Thursday rallied on Friday and drifted off to below $102 last night. Today it is back at $102.46 but the traders tell me that any strength is mainly bear closing. Libya is without doubt increasing exports quite sharply adding to the Atlantic glut whilst Opec is well over... Read more


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Opinions & Commentary

Oil price decline - to what price?

by Andrew McKillop

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