Maersk Drilling CEO sees energy quest moving to deeper seas

Maersk Drilling CEO Claus Hemmingsen explains why the deep-sea drilling business is likely to hold up even in uncertain economic times--so well, in fact, that it may struggle to find skilled workers.

ROSNEFT DEAL: BP Buys into Putin?

Lex's Stuart Kirk and Oliver Ralph analyse how investors should respond to the decision of UK oil multinational BP to sell its stake in joint venture TNK-BP to Russia's national energy champion Rosneft.

How smart is this BP deal?

TOP NEWS PICK: OCTOBER 29, 2012

Developments in International Oil & Gas | Energy | Extractive Industries

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Exxon Eyes New Gas Source To Expand $15.8B PNG Project

Exxon Mobil Corp. is close to settling on a source of gas to expand its $15.8 billion liquefied natural gas export project in Papua New Guinea, according to a quarterly report released Tuesday by its junior partner, Oil Search Ltd | Law360

Criminal charges haunt Indonesia’s oil industry 

The detention of four executives of PT Chevron Pacific Indonesia (CPI), the subsidiary of American energy giant Chevron Corp, by the Attorney General’s Office (AGO) has shocked oil and gas industry players operating in the country. They deem the AGO’s move as exacerbating the gloomy investment climate facing the industry | Jakarta Post

Bashir to visit South Sudan 

Sudan's President Omar Hassan Bashir will visit South Sudan soon, his first trip since the south gained independence last year, to forge a new start in relations, Sudan's Foreign Minister Ali Ahmed Karti told the state news agency over the weekend | Upstream Online

HSBC hires head of oil and gas in Europe 

Paul Connolly is set to join HSBC as head of oil and gas for Europe, the Middle East and Africa. Until this month he had been in a similar role at Australian bank Macquarie. He will join HSBC after a period of gardening leave | Financial News

PHCN privatisation: Workers payoff hangs in

Sinopec's M&A Maestro

Sinopec chairman Fu Chengyu is one of the higher-profile leaders running China's mammoth state-owned enterprises, and the architect of the Chinese oil giant's overseas acquisition push.

Carbon capture storage: Innovative technology?

What is carbon capture and storage (CCS) and how important could it be to tackling climate change? 

Leading scientists, academics, environmentalists and business leaders discuss the need for CCS. The film features experts from Imperial College London, Stanford University, the Climate Institute, the Bellona Foundation and Shell.

Nigeria Power Sector Talent Search

Kimberly Ryan (www.kimberly-ryan.net) is a Human Resource and Development company with presence in Kenya, Ghana, Nigeria and Sierra Leone. The company works across major industries with global fortune 500 companies, indigenous firms and the public sector; offering services in talent management, organizational development, outsourcing and HR Strategy and System design. 

In a bid to fulfil the drive of the Nigerian power sector reforms and the ongoing privatization process; Kimberly Ryan is building a pool of professional talents within Power/Energy sector with the objective of identifying readily available professionals interested in opportunities within the sector and willing to work in Nigeria. 

To this end, Kimberly Ryan invites

Enhanced Oil Recovery (EOR)

EOR can increase the lifespan of a reservoir by up to 30 years..!!!

Nigerian Governors reject privatization of electricity distribution companies

What are the implications and precedents for this sort of action by these 4 states? Will Vigeo be singled out or will the whole process be subjected to some sort of judicial review?

The Governors of Edo, Delta, Ekiti and Ondo on Thursday rejected the announcement of Vigeo Power Distribution as the successful bidder for the Benin Distribution Company by the Bureau of Public Enterprises (BPE).

The states are investors in the Southern Electricity Distribution Company which lost out in the bidding process.

The Chairman of the Technical Committee, National Council on Privatisation (NCP), Atedo Peterside, had on Tuesday during the opening of the commercial bids of the privatization of Power Holding Company of Nigeria, announced Vigeo as the successful bidder claiming the committee adopted Aggregate Technical Commercial and Collection loss Reduction as the basis for choosing the preferred bidder for the Benin Distribution Company.

Structuring Oil and Gas Lease Bonus Payments

Structuring oil and gas lease bonus payments may provide some tax relief to American landowners who have received offers of immediate cash bonuses by oil and gas explorers in addition to regular lease payments as an incentive to lease the land. The lease bonus is taxable. Spreading out and deferring the incentive payments may help mitigate the initial tax exposure and provide stable income for a more secure future that is backed by Allstate Life Insurance Company. Structured settlement expert John Darer CLU ChFC CSSC RSP discusses in this informative video that should also be of interest to executives at oil and gas drilling companies, property owners, accountants and financial advisors. For more information call John Darer at 203-325-864

Bob Dudley on progress in Russia

BP's group chief executive Bob Dudley has welcomed the company's 'heads of terms' agreement to sell its stake in TNK-BP to Rosneft, the major Russian integrated oil and gas company, for a mixture of cash and shares. He said: "This investment builds on BP's track record of value creation in Russia. It is consistent with our strategy of deepening our positions in the world's most prolific oil and gas regions."

Is this move in the best interest of all parties concerned?

TOP NEWS PICK: OCTOBER 22, 2012

Developments in International Oil & Gas | Energy | Extractive Industries

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Brent steadies around $110 on Middle East tension 

(Reuters) - Brent crude oil steadied above $110 per barrel on Monday as fighting in Beirut and Gaza raised fears for the security of fuel supplies from the Middle East, helping stem a four-day decline in prices | Reuters 

Germany's Siemens to give up solar energy business 

BERLIN -- Siemens AG says it plans to give up its solar business and concentrate its renewable energy business on wind and hydroelectric power | Associated Press 

China buys Europe oil storage 

In the first major move by a Chinese state company into European oil storage, Sinopec is buying half of tank firm Vesta Terminals through a joint venture with Swiss-based trader Mercuria Energy | Equities.com 

Saudi crude sales to US seen robust 

Saudi Arabia appears to be keeping its pledge to ensure global markets are well supplied with oil, barely letting up in shipments to the US even after two of its biggest refining customers suffered crippling glitches | Equities.com 

Shell to develop Fram field in the UK

TOP NEWS PICK: OCTOBER 19, 2012

Developments in International Oil & Gas | Energy | Extractive Industries

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Nigeria: Mixed reactions trail emergence of successful bidders for PHCN firms

MIXED reactions have trailed announcement earlier this week of the successsful companies that won the technical and financial bid for the eleven Power Holding Company of Nigeria, PHCN, distribution companies, DISCOs | Sweet Crude

Bond is back for Rosneft

Rosneft is set to launch a delayed 20 billion rouble ($650 million) bond issue to finance its proposed takeover of rival Russian producer TNK-BP, a banking source was reported as saying on Friday | Upstream Online

Pakistan, India discuss energy cooperation

Pakistan and India comprehensively discussed avenues for energy cooperation, including trans-regional projects, notably Turkmenistan-Afghanistan-Pakistan-India (TAPI) Gas Pipeline Project | Oil & Gas Eurasia

First oil nears for Kazakhstan's supergiant field

The manmade islands that are home to Kazakhstan's mammoth Kashagan oilfield project rise like a mirage to the boats churning through the shallow waters of the Caspian Sea | Oil & Gas Eurasia

Explosion halts Iranian gas flow to Turkey

ISTANBUL, October 19 – The gas flow on a pipeline carrying Iranian natural gas to Turkey was halted due to an explosion in eastern Turkey late on Thursday which also wounded soldiers in a passing military vehicle, Turkish government and energy officials said | Financial Times

Exxon leads exodus from Basra to

2012 SPE President, Ganesh Thakur, at ATCE

Are you pleased to be a part of the Petroleum Business?

Interview: KPMG's Jimmy Daboo on India's oil and gas industry

What are the factors holding back India's oil and gas industry? Mint's Aveek Datta asks KPMG's Jimmy Daboo about policy, regulations and the challenges ahead

TOP NEWS PICK: OCTOBER 16, 2012

Developments in International Oil & Gas | Energy | Extractive Industries

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Minister reaffirms plans on clean, renewable energy in Indonesia

As the 19th Conference on the Electricity Supply Industry (CEPSI) in Nusa Dua, Bali, kicked off on Monday, Energy and Mineral Resources Minister Jero Wacik declared his determination to develop clean technology and renewable energy in Indonesia | Jakarta Post

Energy companies warn on green subsidies

Millions of pounds of investment in wind farms and other power plants risk being delayed unless ministers extend the system of green subsidies by as much as three years, say leading energy companies | Financial Times

Petrobras signs deal to produce Amazon gas

Petrobras, Brazil’s state-controlled oil company, has signed a deal with local start-up HRT and its Russian partner TNK-BP to sell natural gas from their oilfields in the Amazon, helping to remove doubts over the assets’ future.

Chevron deepens support for community development

Chevron Nigeria Limited, in collaboration with the Itsekiri Regional Development Committe, IRDC has awarded contract for the construction of over 70 housing units, in its bid to assist the people of Itsekiri Community address their housing needs and boost community relations | SweetCrude

Nearly 1 in 3 EU nations lagging on gas legislation: EC

Nearly one in three EU countries are lagging behind notifying the European Commission of full transposition of a gas directive designed to speed up energy market opening, a spokesperson for the EC's energy division confirmed to Platts late Monday | Platts

PETROTECH: India, China can work jointly in overseas

Ian Peters, Managing Director- Energy, explains recent British Gas price announcement

Ian Peters, Managing Director of Energy at British Gas, explains the reasons behind our most recent price announcement, as well as steps our customers can take to prevent an increase in their bills.

MindSafety at Shell gas plants in Scotland

MindSafety promotes occupational culture change processes to encourage positive workplace behaviours at Shell's Gas Plants in Scotland. Through MindSafety the Gas Plants have re-framed health and safety in a positive and engaging format, using dynamic training involving humour, entertainment and real life examples everyone can relate to. It is an ongoing journey of excellence within Health and Safety, engaging everyone in continually developing a positive safety culture within the organisation.

How familiar are you with the concept of MindSafety?

West Qurna-1 project: Iraq wants Exxon out, Russia in

Iraq is reportedly considering replacing US oil major ExxonMobil with Russian companies in the West Qurna-1 project, as the authorities are angered by ExxonMobil's deal signed with the Kurdistan regional government without Baghdad's approval.

To what extent can Host Countries influence contracting/ engagement behaviour of Oil Companies?

India's fuel pricing structure

This video gives you an insight on how pricing in the Indian oil industry works, various taxes levied and other factors revolving around fuel pricing.

E.ON's new TV advert

However you use energy, we believe you should be on our best deal for you. That's why E.ON customers can choose from no more than five tariffs, made simpler and easy to compare. Come and see how at eonenergy.com/bestdeal. E.ON. Helping our customers. We're on it.

Oil Giants Eye Arctic Reserves; Environmentalists Urge Moratorium

As oil giant Shell calls a temporary halt to its exploration activities in the Arctic over safety concerns, lawmakers in Britain are urging international governments to seek a moratorium on offshore drilling in the region. Environmentalists say an oil spill could cause catastrophic, irreversible damage.

Is this the right time to FOCUS on the Artic for our Oil?

Overview of the Oil and Gas sector in Singapore

Singapore is one of the world's top three export refining centres and the world's third largest oil and oil products trading hub, making it the undisputed oil hub in Asia.

How strategic is this market to your business?

Iranian oil ministry downplays EU threats to ban Iran's natural gas export

The Iranian oil ministry has downplayed a threat by the European Union to ban imports of Iran's natural gas. A spokesman for the ministry said the EU threat will not be implemented.

What are the geopolitical permutations and economics of a potential ban for Iran and the EU?

NetApp in Oil and Gas

Have you heard of NetApp? Data is key !!!

Experts express discontentment with Nigeria's Petroleum Industry Bill

What are the critical 'considerations' for the yet-to-be-passed law (PIB) that will shape the future of the Nigerian hydrocarbon industry going forward? Is there a win-win scenario in the offing: ideal conditions for the host country and superb fiscal incentives for international oil companies?

American Energy Strategy

"We can't have an energy strategy for the last century that traps us in the past. We need an energy strategy for the future -- an all-of-the-above strategy for the 21st century that develops every source of American-made energy." - President Barack Obama, March 15, 2012

What is your local energy strategy?

Kiobel v. Royal Dutch Petroleum - Argument Preview

Corporate tort liability and human rights violations; to what extent will Kiobel v. Royal Dutch Shell shape the prospects of 'justice' for alleged human rights infringements in extractive industries?

Chesapeake Community Partnerships (playlist)

What is the impact quality of corporate work programs and sustainable development efforts in host communities in your area today?

Energy from floating algae pods: NEXT BIG THING?

Offshore Membrane Enclosures for Growing Algae (OMEGA). Could this be the next big thing in integrated biofuel and alternative energy for the U.S.?

Call it "fuel without fossils": Jonathan Trent is working on a plan to grow new biofuel by farming micro-algae in floating offshore pods that eat wastewater from cities. Hear his team's bold vision for Project OMEGA (Offshore Membrane Enclosures for Growing Algae) and how it might power the future.

Challenges Facing the Implementation of Local Content in Ghana Oil and Gas Industry

By Gilbert Azaah 

This article looks at the problems being faced by Ghana in implementing local content and local participation as a developing country with limited capacities and also dealing with IOCs and sub-contractors which are well established and are well connected globally.

As a developing country with very little experience in the oil and gas industry, one of the main obstacles faced by the implementation of the local content policy in Ghana is the lack of local capacity and capabilities in virtually all sectors of the oil and gas industry. These short comings would obviously affect Ghana’s hopes of taking advantage of the numerous employment opportunities in the industry and also make it difficult for local businesses to be able to provide goods and services which are competitive in terms of “price, quality and timely availability” as stipulated in the policy framework.

The U.S. Strategic Petroleum Reserve

Should the U.S. strategic petroleum reserves remain under lock and key?