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Kerry lists Artic challenges

US Sec. of State John F. Kerry tried to emphasize cooperation as he assumed the Arctic Council's chairmanship for the next 2 years on the United States' behalf. He also did not hide the urgent concern he feels about accelerating climate change in the Far North.

Hair-trigger supply a new challenge of managing oil assets

Reluctance by Saudi Arabia to cut production in defense of the crude price reflects important new realities of the oil market.

Weld toughness study advances reeled clad pipes' deepwater potential

Sensitivity studies suggest toughness is often more critical than strength in subsea pipeline welds, especially narrow-bevel mechanized welds.

Subsea gas compression increases chance of deepwater development

Unipetrol takes 100% ownership of Czech refineries

Unipetrol AS, a subsidiary of Polski Koncern Naftowy SA (PKN Orlen), has completed its purchase of former partner Eni SPA’s interest in Ceska Rafinerska AS (CRC) to become sole owner of the company, which operates two refineries in Czech Republic.

Deirdre Michie takes helm at Oil & Gas UK

Deirdre Michie assumed the position of chief executive of Oil & Gas UK on May 1, succeeding Malcolm Webb. She was appointed by the OGUK board in February.

Chesapeake names vice-president, exploration

Chesapeake Energy Corp. hired Frank Patterson as executive vice-president of exploration, land, and subsurface technology to succeed John Kapchinske, who recently retired.

MARKET WATCH: NYMEX oil prices decline after late April rally

The New York Mercantile Exchange June crude oil contract dropped 48¢ on May 1 to $59.15/bbl, retreating from a 2015 high set on Apr. 30. Analysts attributed the slip to a strengthening dollar.

Safety 5 years on

Performance alone will determine the adequacy of US responses to tragedy 5 years ago in the Gulf of Mexico.

SERVICES | SUPPLIERS

Diligence essential to avoid future offshore mistakes, panel told

The offshore oil and gas industry-as well as the federal agencies that regulate it-must remain diligent to avoid the mistakes that led up to the Macondo deepwater well blowout and crude oil spill 5 years ago, witnesses told the US House Natural Resources Committee.

USGS report aims to improve quake prediction from induced seismicity

The US Geological Survey issued a report with preliminary outlines of models to predict severity of ground tremors in areas where sharp seismicity increases have been reported.

WoodMac: Industry cash flow breakevens down by $20/bbl with rapid strategic response

Rapid and aggressive strategic response by oil and gas companies to low oil prices has driven industry cash flow breakevens down $20/bbl to $72/bbl, according to a recent analysis of Wood Mackenzie.

CERAWeek: Evolutions of Pemex, YPF running parallel

Chief executives of Mexico's Petroleos Mexicanos (Pemex) and Argentina's YPF SA are both seeing energy reforms within their respective countries, and both emphasize the need for investment from international oil and gas companies to achieve their new goals.

CSIS forum: More cooperation needed to address Arctic challenges

More cooperation not just between government and the oil and gas industry, but with a broad range of residents and businesses inside and outside Alaska, is essential to address pressing infrastructure challenges there, speakers at a Center for Strategic and International Studies forum agreed.

Market Connections

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Kuwait Institute for Scientific Research Now hiring

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NOW HIRING THE FOLLOWING POSITIONS: 1. Research  Scientist(Heavy Oil Program) Qualification: Ph.D. in petroleum geophysics, petroleum engin...
Novus International, Inc., a $1B+ privately held company, is a global leader in developing animal health and nutrition solutions. The Novus corporate mission is to help feed the world affordable, wholesome food by supplying superior goods and services to the leading commercial food producers worldwide. The company owns the world's largest methionine plant located at Chocolate Bayou, Texas and is in the early stages of building another plant at a site on the gulf coast of Texas or Louisiana.

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