Photo: ExproMinorities to fill 35% of energy jobs by 2030API President and CEO Jack Gerard released a new report by IHS Global Insight showing the oil and natural gas industry is in a strong position to expand its workforce with minority employees…
Tullow has reached an agreement for 40% operating interest in Houston-based Hyperdynamics' offshore Guinea concession, the two companies announced on 20 November 2012.In late October, Tullow expressed interest in joining the concession. Hyperdynamics…
The new year of 2012 does not offer great tidings of comfort and joy for the marine seismic business. Andrew McBarnet explains why.Contemplating prospects for 2012, there is a discernible air of frustration, even resignation, in the marine seismic community…
Faroe's P1161 license Poor quality oil and small resource sizes are to blame for Faroe Petroleum opting to return its 50%-operated P1161 license in the West of Shetland area, the company announced on 2 November 2012.Faroe CEO Graham Stewart said the P1161 license…
Maintaining a steady level of exploration activity, OGX has marked a number of successes.The Itacoatiara well, or OGX-79, found a hydrocarbon column of about 150m with 64m of net pay in the Albian section in the Campos Basin. The block BM-C-39 well…
Brazilian independent OGX kicked off 2012 with production at its offshore Waimea development. First oil came in January via an extended well test (EWT) to the FPSO OSX-1 just over two years after the field was discovered with OGX-3 in December 2009…
Schlumberger’s Petrel 2012 E&P software platform release is designed to strengthen integration between geophysics, geology and reservoir engineering, including systematic exploration risk assessment, pre-stack seismic workflows, and efficient reservoir simulation results analysis…
Andrew McBarnet offers this kaleidoscope of impressions from a major gathering of the geoscience community.At the end of any big industry event like last month's annual conference and exhibition of the European Association of Geoscientists & Engineers (EAGE) in Copenhagen…
With the 2012 Atlantic hurricane season well under way, Weather Research Center's Jill Haslings discusses key learnings from the super storms of the past decade and how the Freeman/Hasling Damage Potential Scale can help the oil industry better understand the threat from the Gulf hurricanes to come…
In a world where two things are certain – death and taxes – Arctic exploration does offer a certain amount of certainty: just a little bit of information can completely alter the way the industry views a specific Arctic area. Industry leaders…
A rising tide of seismic demand has quite suddenly changed the conversation in the marine seismic community. Andrew McBarnet explains why.It’s amazing sometimes how quickly the clouds can clear. Just a month or two ago marine seismic companies were forecasting another flat year…
Norway’s SPT Group is hailing the next-generation release of its reservoir flow model optimization solution, the newly launched MEPO4, as the industry’s first model for rigorous optimization under uncertainty.Removing uncertainty is not possible…
TORXS saves a well Baker Hughes has introduced an expandable liner hanger system that the company says is the only system of its type that is installed and released prior to a cement job, eliminating the risk of running tools becoming fixed in place during cementing…
Andrew McBarnet puts the decision-making of marine seismic companies under the microscope.Carrying on where we left off (OE last month), the future of financially troubled SeaBird Exploration and its ocean bottom node (OBN) seismic acquisition business remains unclear…
Back from the SEG annual meeting in San Antonio, Andrew McBarnet detects stirrings in the market for ocean bed seismic services.Ten years ago when the Society of Exploration Geophysicists (SEG) held its annual meeting in San Antonio, the event…