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4th Annual Utica & Marcellus Infrastructure Development Summit

Tuesday, April 22, 2014 until Thursday, April 24, 2014  |   Posted by Infocast Inc.

6th China Unconventional Oil&Gas Summit and Exhibition 2014This event has a discount code!

Wednesday, April 23, 2014 until Friday, April 25, 2014  |   Posted by gicc china

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

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Exploration and Production Accounting - Level 3

Sunday, April 20, 2014 until Thursday, April 24, 2014  |   Posted by MDT International

Geostatistics for Geophysicists

Monday, April 21, 2014 until Friday, April 25, 2014  |   Posted by Geovariances

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

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Opinion & Commentary

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

Insight: A brief history of RIF-ing

Friday, April 11, 2014

Once again, there is a lot of excited chatter about cost cutting in our industry. Oftentimes in the past, this has meant cutting great swathes of people (also known in better times as ‘our most valuable resource’) out of the team. Now I see it’s happening again – RIFs are in progress at, for example, BG and Weatherford to highlight just two. Here’s something to think about: perhaps the only person you can trust to manage your career to your expectations is yourself, unless companies change their behaviour significantly! So what is a RIF? Please note I am not talking about a riff which I und... Read more

From financial subprime to global energy subprime

Friday, April 11, 2014

Russian Sanctions and the Energy Subprime The U.S. subprime crisis of 2008, although it was cast in stone by 2006-2007, was a dreadful surprise for political deciders. It sprang at them from the murky world of Wall Street's frenzied brewing of incomprehensible financial instruments with names like algos, swaps and derivatives. The crisis surged at them from outside, forcing deciders to make a panic recourse to more government debt and massive new borrowing, to shore up the financial economy and then the real economy. We live with the enduring results, today. The 'mature postindustrial democracies', symbolized... Read more

Is drilling in the Gulf safer? Regulators beg for an answer

Wednesday, April 9, 2014

Federal regulators have a new approach for improving safety in the Gulf of Mexico: beg the industry to cooperate. Maybe even say “pretty please.” The Bureau of Safety and Environmental Enforcement unveiled a plan this week in which it will set up a series of meetings with offshore operators and pitch them on the idea of providing the regulator with data on “near-miss” incidents. BSEE wants to use the information to build a database that could show patterns for potential safety problems. In other words, it wants to track telltale signs of another Macondo disaster so companies can avert the next cat... Read more

Iraq: Second largest oil reserves, one of the largest security problems

Monday, April 7, 2014

With the highly dangerous situation in Eastern Ukraine dominating the headlines, even relegating the retirement of Sir Bruce Forsyth from Strictly Come Something or Other to the inside pages – it would be easy to overlook the political chaos and security collapse in the country with the world's second largest proven oil reserves. Iraq. On 30 April 2014, the country goes to the polls to select a new Prime Minister (PM) and government. The consensus is that the current incumbent, Nuri Kamal al-Maliki, a Shi’a who leads the State of Law Party, will seek a third term in power, a prospect that has filled Kurd... Read more


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

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