Attracting younger people to the oil and gas industry has become a primary focus of large and small companies, operators and service companies, and US and international firms.
The US oil market has become "a combination of pockets of tightness and pockets of surplus, with a series of contrasting regional and product quality distortions to boot," said Paul Horsnell, managing director and head of commodities research at Barclays Capital in London.
Saudi Aramco is shifting its upstream emphasis to exploration and natural gas development after adding 2 million b/d to oil production capacity during 2004-09, according to Zuhair Al-Hussain, vice-president, drilling and workovers.
Recovering the remaining more-difficult-to-develop hydrocarbon resources will require new technologies and innovations, Matthias Bichsel, member of the executive committee of Royal Dutch Shell PLC and director of projects and technology told a topical breakfast audience May 4 at the Offshore Technology Conference.
BP PLC started drilling a relief well as one of several options the company is pursuing to kill a deepwater blowout in the Gulf of Mexico and stop a widening crude oil leak that has caused international concern.
Congressional responses to the gulf drilling rig accident and subsequent crude oil spill took sharper focus last week as a US Senate committee prepared to consider broader policy implications, while a US House subcommittee concentrated on the accident's possible causes.
Two of the US House's most tenacious members are leading investigations into the Apr. 20 explosion and fire at the Deepwater Horizon semisubmersible rig and subsequent oil spill in the Gulf of Mexico.
BP Chief Executive Officer Tony Hayward met with several US senators on May 4 to discuss the company's efforts to contain crude oil leaking from one of its Gulf of Mexico wells.
International oil and gas companies are drawing a bead on Colombia, seeing a sign of change in the country that says: Open for Business. It's a sign that's long overdue.
French energy authorities have officially awarded shale gas exploration permits after some delay due to the number of companies that competed for licenses in the southeastern part of the country.
Buru Energy Ltd., Perth, plans to restore oil production from the West Kora-1 well in the onshore Canning basin of northwest Western Australia following the grant of a production license.
A Ti-MMO anode grid system placed between an aboveground storage tank's bottom surfaces and the secondary liner with properly distributed power-feed connections can protect the tank's bottom plates against external corrosion.
