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Notes From The Editor

Tim Haïdar

Oil & Gas Editorial: Unprecedented Pumping & Political Primacy:

After production disruptions in Canada, Nigeria and the shock of Brexit and a failed Turkish coup sent crude oil shooting past the $50 per barrel mark in June, a back-pedalling in the markets saw a barrel of the Black Gold dive below the $40 again on Monday. The involuntary spasms caused by political events took attention from the underlying causes of malady in the low price continuum. Oil production from the Organisation of Petroleum Exporting Countries (OPEC) reached its highest level in recent times, topping out at 33.41 million barrels per day (bpd) in July: the majority of this upward movement coming in the form of recovering Iraqi exports.

by: Tim Haïdar
Published: August 2, 2016
Tags:

Tim Haïdar

Oil & Gas Editorial: That Sombre Song Of Ice, Fire & Foot Wounds:

"It's one thing to shoot yourself in the foot. Just don't reload the gun" – Linsdsey Graham (1955 - ) Beneath the waters of the Bay of Bengal, a joint endeavour between India’s Ministry of Petroleum and Natural Gas, the US Geological Survey (USGS) and the Japan Agency for Marine-Earth Science and Technology (JAMSTEC) has struck ice: fire ice. After five months surveying the offshore segments of the 50,000 square kilometre Krishna-Godavari Basin, the results of this expedition have yielded the presence of several “world class” natural gas hydrate accumulations in conventional sand reservoir systems. Their location in areas easily-exploitable using existing technologies makes the deposits a viable, producible asset for the country fifth on the list of largest energy consuming nations in the world.

by: Tim Haïdar
Published: July 26, 2016
Tags:

Tim Haïdar

Oil & Gas Editorial: Chokepoints, Flarepoints, Coups, Stews And Screws :

On Friday night at 11pm Easter European Summer Time, military jets buzzed the Turkish capital city of Ankara and major bridges in Istanbul were closed in the first actions of an ostensible military coup. Fizzling out in the early hours of Saturday morning, this short-lived coup d’état resulted in President Recep Tayyip Erdoğan taking swift, decisive and uncompromising action to “cleanse” agencies of state and punish alleged plotters.

by: Tim Haïdar
Published: July 18, 2016
Tags: turkey, recep tayyip erdogan, South China Sea

Tim Haïdar

Oil & Gas Editorial: A Kingdom Divided, The Hex of the Ex Marks the Spot:

A few weeks ago, the shadow of Brexit - the United Kingdom's withdrawal from the European Union - was just that, an obscurity, intangible and illusory. Today, the genie is out of the bottle and whether the magic cast is white or black will be felt over a span of years.

by: Tim Haïdar
Published: July 12, 2016
Tags:

The Intersection of Information and Energy

Martin Richards, José María Sotomayor, and Rune Olsen

Considering 3rd Platform Options in the Energy Industry:

In recent years years, many analysts and CIOs have been observing a significant IT trend: the move to the 3rd Platform. In this post we asses how this trend is being driven by innovation from software vendors, as well as underlying changes to the speed and manner that businesses are transforming their IT systems.

by: Martin Richards, José María Sotomayor, and Rune Olsen
Published: June 14, 2016
Tags:

Martin Richards, José María Sotomayor, and Rune Olsen

How Going Digital Impacts The Oil & Gas Industry:

Change is a constant in the oil and gas Industry. From lower oil prices to increasingly complex government regulations, today’s business realities are forcing new approaches. In the long term, these digital transformation approaches promise to increase operating efficiencies, increase revenues, and reduce operating costs, but today's business dynamics are forcing companies to confront these challenges today. While there are a number of areas that have been identified by analysts, industry experts, and other consultants, including Accenture, there are three key areas where the digital transformation is either forcing the industry to react or providing opportunities for the industry to transform themselves. Let’s explore each.

by: Martin Richards, José María Sotomayor, and Rune Olsen
Published: May 10, 2016
Tags: oil, gas, digital, digital information, information management

Martin Richards, José María Sotomayor, and Rune Olsen

Three Steps to drive IT success in M&A:

M&A activity is at an all-time high and represents a significant challenge for information handling. In this analysis piece, we highlight three steps as you determine how to exploit merger activities for your competitive advantage

by: Martin Richards, José María Sotomayor, and Rune Olsen
Published: March 7, 2016
Tags: m&a, merger and acquisitions

Martin Richards, José María Sotomayor, and Rune Olsen

Planning the Next Phase of Oil & Gas Investment:

There has been tremendous coverage about the impact of the drop in oil prices over the past year, and as we’ve discussed in this column, the impact touches many different parts of an oil and gas company’s business, from the operational changes needed to maintain profitability to changes in how an oil and gas company invests in future grown.

by: Martin Richards, José María Sotomayor, and Rune Olsen
Published: January 31, 2016
Tags: asset, asset management, documentum, planning, oil, gas

Editorial: Will The UK Dig Itself A Shale-ow Grave?:

After a half-decade lull in activity, the green light has been given for fracking to commence anew on UK soil. Third Energy, a firm with a handful of onshore and offshore gas assets in the UK, has been granted planning permission to test an existing well in North Yorkshire for commercial yields. The hydraulic fracturing process has caused controversy since its widespread implementation in the US shale boom in the 2000s, with reports of seismic disturbances in fracking zones and groundwater pollution. In the UK, the tide of public opinion turned against fracking for shale gas after unconventionals company, Cuadrilla Resources, concluded it was "highly probable" that two minor earthquakes in Blackpool were caused by drilling at their Preese Hall-1 well.

by:
Published: May 31, 2016
Tags: oil, gas, shale gas, UK, third energy

The Weekly Oil and Gas Update

Todd Erickson

Weekly USA Oil & Gas Update for 10th May 2016: Canadian Oil Sands Production Halted As Wildfires Rage:

This weekly update brings you all the stats and headlines you need to know about in the American Oil & Gas landscape including the rig count, oil price, environmental, HSE and M&A news.

by: Todd Erickson
Published: May 10, 2016
Tags: todd erickson, oil, gas, news, america, shale, eia, bloomberg, rig count

Todd Erickson

Weekly USA Oil & Gas Update for 3rd May 2016: Halliburton and Baker Hughes scrap $35 billion merger:

The 3rd May 2016 weekly update brings you all the stats and headlines you need to know about in the American Oil & Gas landscape including the rig count, oil price, environmental, HSE and M&A news.

by: Todd Erickson
Published: May 3, 2016
Tags: todd erickson, news, america, eia, rig count, oil price, bloomberg, shale, halliburton, baker hughes, schlumberger

Todd Erickson

Weekly USA Oil & Gas Update for 27th April 2016: New York Rejects Natural Gas Pipeline:

The 27th April 2016 weekly update brings you all the stats and headlines you need to know about in the American Oil & Gas landscape including the rig count, oil price, environmental, HSE and M&A news.

by: Todd Erickson
Published: April 27, 2016
Tags: todd erickson, m&a, news, USA, america, shale, eia, bloomberg, oil price, rig count

Todd Erickson

Weekly USA Oil & Gas Update for 19th April 2016: US Shale Crude output falls for seventh month in a row:

The 19th April 2016 Oil & Gas US update. Catch up with all of this week's industry news, oil and gas prices from Bloomberg / EIA and the North American rig count.

by: Todd Erickson
Published: April 19, 2016
Tags: news, bloomberg, eia, USA, america, shale, todd erickson

People Are The Missing Ingredient

Derek Park

What’s All This Talk About Lockdown Sleeves?:

Soon after the Macondo disaster the US authorities (at that time BOEMRE, the Bureau of Ocean Energy management, Regulation and Enforcement) issued what became known as the ‘drilling safety rule’. In reality the rule contained several requirements which addressed well bore integrity and well control equipment. Included amongst them was a requirement that ‘The operator must ensure that the latching mechanisms or lock down mechanisms are engaged upon installation of each casing string or liner’ . This interim requirement was reconfirmed when the final rule was issued towards the end of last year by the new US authority BSEE (Bureau of Safety and Environmental Enforcement). So what does BOEMRE’s early insistence on casing lockdown tell us about what happened on Deepwater Horizon?

by: Derek Park
Published: April 6, 2015
Tags: deepwater horizon, Macondo, lock down sleeves

Derek Park

Let’s Get Fracking!:

In this piece, columnist Derek Park gives us his opinion on the public reaction to the Big Guns of the oil and gas industry beginning to weigh into the UK shale story

by: Derek Park
Published: January 13, 2014
Tags: fracking, shale, hydraulic fracturing, UK, shale boom, shale, UK, britain, Derek Park

Derek Park

The BP Trial - Phase 1 Ends, 7 Questions Remain....:

With the first phase of the BP Trial in Louisiana now at an end, our columnist Derek Park looks at the aftermath of proceedings and the seven questions remain pending over the case and the oil industry as a whole

by: Derek Park
Published: May 13, 2013
Tags: Blowout, oil spill, oil, Derek Park, bp trial, Macondo, deepwater horizon, Gulf of Mexico

Derek Park

Gavels In the Gulf: The BP Trial - Week 8 In Review:

As proceedings for the first part of the BP Trial wrap up in Louisiana, Derek Park surveys the ground as BP rests its case and is grilled on everything from onshore organisation to emergency response.

by: Derek Park
Published: April 29, 2013
Tags: oil spill, Blowout, Derek Park, BP, Macondo, Gulf of Mexico, deepwater horizon, bp trial

Shale in India Exploring Its Potential and Challenges That Lie Ahead

Gaurav Agnihotri

A Brief History Of Oil:

In order to clearly understand the dynamics of oil prices and its impact on the world economy, we need to dwell into the history of oil. In this piece Gaurav Agnihotri looks at some of the major events of the past that have affected the oil price and its availability.

by: Gaurav Agnihotri
Published: February 2, 2015
Tags: opec, Iran, iraq, oil price, brent, unsc, sanctions, oil for foor, oil for food, gulf war, oil shock, suez crisis

Gaurav Agnihotri

What Does The Falling Crude Price Mean To India?:

India has been one of the biggest net importers of crude oil in the last few decades. In 2014, the nation imported around 78% of its total crude oil requirements. Out of the total crude oil imports, around 65% belonged to the Oman- Dubai sour crude, followed by Brent and Bonny Light crude. With the current fall in the global crude oil prices, India stands at a crucial juncture.

by: Gaurav Agnihotri
Published: January 7, 2015
Tags: india, gaurav agnihotri, crude, oil price, brent crude, bonny light crude

Gaurav Agnihotri

The 6 Keys To Securing India’s Oil Future:

With rapid strides in the field of unconventional oil, new technologies and IT solutions, countries world over have started taking effective measure to safeguard their energy needs as the crude oil prices and its availability have been highly volatile in past few decades.

by: Gaurav Agnihotri
Published: February 5, 2014
Tags: oil, oil and gas, gas, refineries, offshore, india, gaurav agnihotri

Gaurav Agnihotri

Decoding The Myth Of Oil Pricing - With An Indian Perspective:

Today, Oil has become a ‘Global’ commodity. The pricing of oil is critical to the world economy simply because it has a direct impact on the cost of transportation, cost of goods, essential commodities and services. A slight increase in price of Oil has a direct impact on all the related services and sectors and result in higher Inflation.

by: Gaurav Agnihotri
Published: July 22, 2013
Tags: gaurav agnihotri, oil price, gas prices, fuel price, opec, inflation, economy, supply and demand, egypt, suez canal, wti, nymex, eia, iea, india, lpg

On This Day

Tim Haïdar

On This Day In Oil & Gas: October 24th - Crash, Bang, Wall Street:

October 24th, 1929, New York, New York State, United States of America –A day like any other in North America’s most populous city. But today there would be a more sinister bite to the cold autumnal breeze. The Roaring Twenties were about to come to an end with an almighty crash

by: Tim Haïdar
Published: October 30, 2014
Tags: wall street, crash, stock market

Tim Haïdar

On This Day in Oil & Gas: April 4th - 1984 & Winston's Secret Diary:

It is a cold, bright day. A downtrodden dogsbody of a man drags himself back home from his office for lunch at his apartment. He needs to be back at his desk by 2.30pm without fail. He smokes a cigarette and sips at a gin that he has poured himself as part of an unhealthy daily routine. A routine that has lead to violent coughing fits and venous ulcers.

by: Tim Haïdar
Published: April 3, 2014
Tags: oil and gas, George Orwell, 1984, local content, Airstrip One, Oceania, Winston Smith

Tim Haïdar

On This Day in Oil & Gas: March 21st - Fourier & The Greenhouse:

A son is born into the household of a tailor in the heart of France. The ninth of twelve children, his childhood is strained and fraught with tragedy - by his tenth birthday he is an orphan. Taken into the Benedictine Order of the Convent of St. Mark, his education is patronised by the music master from the cathedral and he soon shows a gift for mathematics.

by: Tim Haïdar
Published: March 20, 2014
Tags: Fourier, thermal, Reign of Terror, Revolutionary Committee, The Analytic Theory of Heat, French Academy of Sciences

Tim Haïdar

On This Day in Oil & Gas: March 14th - The Gusher Of All Gushers:

The ground begins to rumble in the California Central Valley. This is not a good sign in a part of the world periodically prone to massive earthquakes. Yet, in this case, the groaning earth is not yawning from the onset of a seismic event but a phenomenon equally uncontrollable and much longer-lasting

by: Tim Haïdar
Published: March 13, 2014
Tags: Lakeview Gusher, geyser

Energy Access

Cody Davis

How an Accident and an Abandoned Notion Transformed the U.S. Energy Outlook:

Today, record oil and natural gas production is revolutionizing the United States’ energy position and altering the geopolitical spectrum. The U.S. is now the fastest growing producer of oil and natural gas and is on pace to pass Russia as the world’s largest energy producer. In just five years, fracking, horizontal drilling, and the advent of big oil and gas data have reduced oil imports by 45 percent, added over $400 billion per year to the economy, and have attracted nearly $200 billion in direct foreign investment in the U.S.

by: Cody Davis
Published: November 19, 2013
Tags: USA, america, shale, frack, fracking, nathan randazzo, economy, chemical tankers, george mitchell, russia

Cody Davis

Why Investors are Spending Big on the US Oil and Gas Boom:

The world’s population is expected to increase by more than 25 percent from 2010 to 2040 and reach nearly 9 billion people. During this timeframe, global electricity demand is expected to grow by 85 percent.

by: Cody Davis
Published: October 9, 2013
Tags: nathan randazzo, investment, economy, saudi arabia, USA, oil production

Cody Davis

Upward Income Mobility & Shale Production: A Causal Connection?:

According to a new study, geography plays an essential role in upward income mobility in the United States. The Equality of Opportunity Project recently determined that children raised in a lower income household have a better chance of climbing the social stratification ladder and becoming a top quintile earner if they were raised in certain geographic regions.

by: Cody Davis
Published: August 19, 2013
Tags: nathan randazzo, economy, economic crisis, shale, income mobility, equality of opportunity project, dr mark j perry, USA, north dakota

Cody Davis

Upward Income Mobility & Shale Production: A Causal Connection? [Part 2]:

The team that conducted the study stresses that the information they gathered allowed them to only identify correlations, not causation factors. Other economists expect future studies to be an important factor in better understanding the patterns of the new data revealed by the study. So the question remains: What is the driving force that is helping children raised in a family in the lower income quintile rise into the top income quintile?

by: Cody Davis
Published: August 19, 2013
Tags: nathan randazzo

Rig Writer

No Hybrid Funds? Up-Green Your MotorHome:

The number of people in the U.S. comprises only about 4.5 percent of the world's total population. However, Americans drive nearly 25 percent of all personal vehicles globally, or 250 million cars, trucks and motorhomes, according to the U.S. Census, and American Energy Independence website.

by: Amanda Richter
Published: October 9, 2013
Tags: motor homes, bio diesel

Rig Writer

How can we make the best of what nature has to offer?:

Africa, being one of the most highly populated continents, suffers from an electricity shortage. About 80 percent of the population does not have access to electricity. Now, take a moment and think to yourself, is it fair that we can watch the FIFA World Cup and they can not… the answer is obvious.

by: Rig Writer
Published: February 5, 2013
Tags: africa, world cup, rig writer, wind energy, solar

Jessica Livingston

Spirit Airlines Mocks the Oil Spill: Tasteless, or Brilliant Marketing Strategy?:

Obviously, after the BP oil spill, tourism was somewhat lacking in the Ft. Lauderdale. Spirit Airlines is hoping to change this. In a recent tongue-in-cheek campaign, the airline ran an ad that features a woman sunning herself on a sandy white beach, holding a green and yellow lotion bottle with the words Best Protection. The caption reads, "Check out the oil on our beaches: Ft. Lauderdale."

by: Jessica Livingston
Published: February 5, 2013
Tags: Jessica Livingston, rig, rig writer, deepwater horizon, BP, oil spill, Spirit Airlines

Jessica Livingston

Oil Spills in Nigeria: Where’s the Concern?:

What’s really interesting is that while BP is currently being vilified in the United States, Shell, another huge oil company, was forced to pay $15.5 million in a civil case in conjunction to spills in Nigeria. But there is no ill-will towards Shell in the United States.

by: Jessica Livingston
Published: February 5, 2013
Tags: deepwater horizon, Macondo, oil spill, nigeria, BP, shell, rig writer

Energy Law

Olufola Wusu Esq.

Ten Things Every Energy Lawyer Should Take Into Account:

In this piece, resident legal columnist Olufola Wusu takes a look at 10 things that the contemporary energy lawyer should bear in mind in the 21st century oil and gas business

by: Olufola Wusu Esq.
Published: August 8, 2013
Tags: legal, law, oil and gas, contracts, olufola wusu

Offshore Oracle

Offshore Oracle

Oil & Gas Offshore: Best to be prepared for the worst?:

Over the course of the last week, the UK has been wrapped in a blanket of snow and ice. Cars have been stranded on major roads, minor roads have been completely impassable and even drinkers in a Yorkshire pub have been trapped for days (although that doesn’t really smack of bad luck to me). And now it is being reported that in so many of these cases such difficulties could have been averted.

by: Offshore Oracle
Published: January 13, 2013
Tags: offshore oracle, texas city

Offshore Oracle

Oil & Gas Offshore: Leading from the top… is it enough on its own?:

A favourite phrase from the HSE, it is something that senior management across the industry are really taking to heart. And the logic is clear, just like a series circuit, if the next level up is firing on all cylinders and pushing through safety initiatives those lower down the chain will behave accordingly. Right?

by: Offshore Oracle
Published: January 13, 2013
Tags: offshore oracle, leadership, Leading from the Top, Leading from the Bottom, HSE

Offshore Oracle

Offshore Gods and Goddesses?:

It is strongly held by many of the world’s religions that there is some sort of Supreme Being that isomniscient, omnipotent, omnibenevolent and infallible all at the same time. Clearly a logical impossibility but that’s the role of the Gods isn’t it? To be able to do the seemingly impossible? And that’s why we term them Divine.

by: Offshore Oracle
Published: January 13, 2013
Tags: offshore oracle, upstream safety, process safety, HSE

Offshore Oracle

Oil & Gas Offshore: Health and Safety, Cats and a lot of Chickens…:

No, this post isn’t about health and safety in a petting Zoo. I was at a conference last week promoting HSE and process safety in the power generation industry and there was a turn of events that got me thinking about incidents in the offshore industry.

by: Offshore Oracle
Published: January 13, 2013
Tags: offshore oracle, process safety, oil and gas events, HSE, gordon macdonald

David Hone on Climate and Energy

David Hone

2012, A Year Of Greater Concern, But Limited Action:

In this column, Climte Change Advisor for Shell, David Hone, reflects on the energy industry's fight against climate change in 2012.

by: David Hone
Published: January 7, 2013
Tags: climate change, 2012, David Hone, shell

David Hone

Five Short Stories From The World Energy Outlook:

In his column, David Hone, Climate Change Advisor for Shell takes The IEA’s World Energy Outlook 2012 and extracts five key learning from the document including concerns over China and international oil security

by: David Hone
Published: May 13, 2012
Tags: climate change, oil, oil & gas, climate change advisor, David Hone, shell, weo, world energy outlook

David Hone

The Green Economy: Blessing or Curse?:

In this column climate change guru, David Hone, examines a recent meeting of minds of the future direction of Britain's "Green Economy" proposals

by: David Hone
Published: March 15, 2012
Tags: climate change, green economy, carbon capture and storage, David Hone, shell, ccs, british, eu

David Hone

Emission Impossible?: Natural Gas, CO2 Emissions And Combating Climate Change:

After the release of several scientific papers questioning the carbon dioxide benefits of natural gas over coal in power production, David Hone, Climate Change Advisor for Shell, discusses how the shale boom will affect climate change

by: David Hone
Published: October 1, 2011
Tags: shale, shale gas, natural gas, co2, emissions

Compliance Across The World

Thomas Fox

EADS and Tales of Whistleblowers: A Compliance Nightmare?:

What is a compliance professional’s worst nightmare? In this article by LexisNexis Top 20 law blogger Tom Fox, we look at how turning a blind eye can make a bad situation into a global, multi-jurisdictional, multiparty horror show

by: Thomas Fox
Published: August 20, 2012
Tags: compliance, legal, regulatory, contract, risk, contract law, fcpa, tom fox, contract risk management

Thomas Fox

To The Moon and Back: Company Values from the Ground Up:

In his latest column, Tom Fox shows how company culture can grown mighty oaks from tiny acorns, and even get a tin can full of men to the Moon!

by: Thomas Fox
Published: July 23, 2012
Tags: contract law, advanced contract risk management, international contract law, contract, contract risk management, fcpa, compliance, tom fox

Thomas Fox

Managing Risk in the Energy Industry - Advanced Contract Risk Management:

For any in-house practitioner or lawyer in private practice who represents corporations, I believe that identification, assessment and management of risk is the key service that you can deliver. Risk comes in all shapes and sizes.

by: Thomas Fox
Published: May 13, 2012
Tags: legal, regulatory, compliance, law, fcpa, tom fox

Thomas Fox

Seven Deadly Sins For A Compliance Program:

In this week's column, our resident legal eagle, Tom Fox, enumerates 7 capital sins that could doom your compliance programme to failure, and how to avoid them like the plague

by: Thomas Fox
Published: November 5, 2011
Tags: legal and regulatory, regulation, 7 deadly sins, fcpa, tom fox, compliance, legal

Tales of the Expected

Jacqui Walker-Sutton

Training Is An Enabler, Not A Panacea:

In her third column, HPL's Jacqui Walker-Sutton gives her opinion on the CMI's recent findings on management capability, and how "nearly half" of UK line managers "are ineffective"

by: Jacqui Walker-Sutton
Published: March 5, 2012
Tags: human performance, human error, safety culture, jacqui walker sutton

Jacqui Walker-Sutton

Sartre & Safety Culture: The Choices You Make…:

In Jacqui Walker-Sutton's second column, she takes a look at how despite the stipulations and regulations prescribed in the rule books, safety culture is, rather existentially, defined by the the choices you make

by: Jacqui Walker-Sutton
Published: February 27, 2012
Tags: safety, jacqui walker sutton, aubrey daniel, psm, HSE, abc model

Jacqui Walker-Sutton

Safety Culture - It’s All About Trust And Integrity:

In her first column for Oil & Gas iQ, Jacqui Walker-Sutton of Human Performance & Leadership Ltd takes a look at the "trust" and "blame" factors that underlie corporate safety culture.

by: Jacqui Walker-Sutton
Published: February 20, 2012
Tags: blame culture, hpl, jacqui walker sutton, safety, psm, HSE