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LatAm Supply Chain & Logistics Strategy Summit

Monday, April 28, 2014 until Tuesday, April 29, 2014  |   Posted by Fleming Gulf

M2M for Oil and Gas

Monday, April 28, 2014 until Tuesday, April 29, 2014  |   Posted by SMi Group

5th Eastern Africa Oil, Gas/LNG & Energy Conference 2014This event has a discount code!

Monday, April 28, 2014 until Wednesday, April 30, 2014  |   Posted by Glopac Pacific & Partners

Completion Optimization Unconventionals

Monday, April 28, 2014 until Wednesday, April 30, 2014  |   Posted by Hanson Wade

7th Annual Sub-Saharan Africa Oil & Gas Conference

Thursday, May 1, 2014 until Friday, May 2, 2014  |   Posted by ENERGY & CORPORATE AFRICA

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The Mini MBA in Oil and Gas in Erbil

Sunday, April 27, 2014 until Tuesday, April 29, 2014  |   Posted by Warren Business Consulting

Advanced Commercial Contracting Administration

Sunday, April 27, 2014 until Tuesday, May 6, 2014  |   Posted by Tabor Energy Solutions

Gas & LNG Contracts

Monday, April 28, 2014 until Wednesday, April 30, 2014  |   Posted by CWC School for Energy

Oil Reserves Calculations

Tuesday, April 29, 2014 until Saturday, May 3, 2014  |   Posted by Mobility Oil and Gas Ltd

Subsea hardware

Tuesday, April 29, 2014 until Friday, May 2, 2014  |   Posted by Jee Ltd

IADC Rig Pass Course

Tuesday, April 29, 2014 until Wednesday, April 30, 2014  |   Posted by KK Training

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Opinion & Commentary

Libyan Stability Snapshot: political ins and outs, abductions, ports and oil supply chains

Wednesday, April 23, 2014

The sudden resignation of interim Libyan Prime Minister Abdullah al-Thinni on 14 April 2014 sees the loss of a moderate politician who had proved himself able to mediate between warring groups in the South and East of the country. Al-Thinni announced his resignation after his home was attacked by, as yet, unidentified militiamen. However, it seems likely that al-Thinni was being targeted by an Islamist militia after he reported refusal to allocate the Defence and Interior portfolios, in his interim cabinet, to members of the Martyrs Block Islamist coalition - a political block linked to the Libyan Islamic Fighting Group (... Read more

Perverse outcomes: Lifting U.S. oil export ban would mean greater dependence on foreign oil

Wednesday, April 23, 2014

The United States today is a large net importer of crude oil and refined products. And, yet the story that the country can somehow export crude oil as a foreign policy measure to help reduce Ukraine's dependence on Russia won't die. Oil executives and their surrogates keep bringing it up, and unsuspecting reporters amplify a message that has absolutely no basis. The reason for this oil industry public relations blitz on the Ukraine is rooted in the industry's desire to end a decades-old ban on U.S. crude oil exports--one which the industry hopes to persuade Congress and President Obama to overturn. There is, i... Read more

The trouble with gas

Tuesday, April 22, 2014

Cinderella Gas at the Thieves Ball Simple questions can have complicated answers, but for Cinderella Gas the clock has a habit of chiming 12-midnight all too often. The simple question is how come natural gas in the USA has grave problems to even attain $27.50 per barrel of oil equivalent - but in Japan it can fetch about $100 per barrel equivalent? Do Japanese like expensive things, or what? Germany's riotously shizophrenic treatment of the Russia-Ukraine sanctions issue, with Angela Merkel being the first G7 leader to cast out Russia from the G8 group, while her Vice chancellor Sigmar Gabriel says that Germany'... Read more

Insight: What's happening to Exploration?

Tuesday, April 22, 2014

Explorers should be deeply troubled by recent events, namely: 1. The general lack of success, especially in Frontier plays, and the evident lack of New Ideas and instead the re-cycling and re-hashing of old ones. 2. Exponentiating costs, especially for deep water drilling. Exploration outcomes over the last 18-24 months Over this period, the notable exploration successes have been: US Shale Oil, notably the Eagleford, Bakken and Barnett plays. Brazil Pre-Salt, with seven key oil discoveries – Lula, Sapinhoa, Iracema, Carioca, Carcara, Jupiter and Iara. East Africa Gas offshore, in Tanzania and Mocambique Eas... Read more

Contingency Planning: the value to oil and gas companies in high-risk areas

Thursday, April 17, 2014

This article has been drafted by Mark Theobald of Mars Omega LLP, a former senior British army officer with considerable operational experience and an expert in contingency planning. Editing and addition of whimsical ephemera by Anthony Franks. Given the rapidly evolving crisis in Ukraine, we decided to turn it into an opportunity to stimulate some thinking about contingency planning. The past four years alone has seen a broad spectrum of attacks from direct assaults on facilities, hostage taking and assassination, through to regional instability, triggering the evacuation of personnel from the country and, regrettably, ... Read more

Is Hawaii making a dash for gas?

Wednesday, April 16, 2014

Hawaii is considering making a dash for gas as part of its efforts to diversify and invest in cleaner, more affordable power supplies. Approval has been so sought from the various responsible Federal agencies, including the Federal energy regulatory commission to move ahead with supplying Hawaii's power sector with gas imported via LNG tankers, perhaps from Alaska, or mainland United States or elsewhere. Doing business on an isolated remote tropical island in the Pacific, can be an expensive business for both consumers and power utilities. Hawaii is a collection of volcanic islands, each with their own independent pow... Read more

Insight: How can companies develop and retain Petro-technical professionals?

Wednesday, April 16, 2014

What should oil & gas companies do to develop, train, motivate and thereby retain Petro-technical Professionals? How can they turn 'raw material', recent recruits whether graduates or folk with a few years experience in an oil field service company, into exploration, reservoir and operations leaders? Once I had got past being a humble geophysical researcher at BP, I had various jobs, firstly Chief Geophysicist in Aberdeen, Houston and then London (1986 -1995), and then later Head of Exploration (from 2000, until I retired in 2003) in which I had to help figure out and/or figure out for myself how you motivate, re... Read more

Canadian oil & gas companies endure a tough 2013

Tuesday, April 15, 2014

2013 was a difficult year for Canada’s biggest oil and gas companies, according to a new analysis of the annual results over the last 5 years for 99 TSX-listed oil and gas companies by CanOils (note 1). Capital expenditures reached record highs for recent periods, but so did the average well costs and the amount of capital spending financed by long term debt. Many companies followed up a net loss in 2012 with further - and often increasing - losses in 2013. Continuing Losses The 99 companies’ (hereafter: “the group”) total combined net income continued last year’s downslide by dropping 5.7% ... Read more

Oil limits and climate change - how they fit together

Tuesday, April 15, 2014

We hear a lot about climate change, especially now that the Intergovernmental Panel on Climate Change (IPCC) has recently published another report. At the same time, oil is reaching limits, and this has an effect as well. How do the two issues fit together? In simplest terms, what the situation means to me is that the “low scenario,” which the IPCC calls “RCP2.6,” is closest to what we can expect in terms of man-made carbon emissions. Thus, the most reasonable scenario, based on their modeling, would seem to be the purple bar that continues to rise for the next twenty years or so and then is close ... Read more

Did crude oil production actually peak in 2005?

Monday, April 14, 2014

"Wait a minute," you must be saying. "Haven't we been hearing from the oil industry and from government and international agencies that worldwide oil production has been increasing in the last several years?" The answer, of course, is yes. But, the deeper question is whether this assertion is actually correct. Here is a key fact that casts doubt on the official reporting: When the industry and the government talk about the price of oil sold on world markets and traded on futures exchanges, they mean one thing. But, when they talk about the total production of oil, they actually mean something quite... Read more

Insight: Current demographics, and the current issue, in the oil & gas industry

Monday, April 14, 2014

What impact has almost 30 years of RIF-ing had on our industry? What can we say about the current demographics? What is the current big issue? By far the most authoritative insight into oil & gas industry demographics is that produced by Schlumberger Business Consulting’s annual review of HR benchmark data gathered from 40 E&P companies (at least that was the 2012 number). SBC sometimes present this data at conferences, the most recent presentation being accessible here. Their data covers Petro-technical Professionals (PTPs): geoscientists (geologists, geophysicists, petrophysicists) and petroleum engineers (reser... Read more


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Opinions & Commentary

Insight: Current demographics, and the current issue, in the oil & gas industry

by David Bamford

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