Fick named managing director of Gazprom EP International | Oil & Gas Journal

Andrey Fick has been appointed managing director of Gazprom EP International BV, responsible for exploration and development outside of Russia. Most recently, he served as director general for Gazprom Russkaya.

Fick joined Gazprom in 1996 and has worked in natural gas compression and pipeline construction and operations.

More in General Interest

Oilfield Service Technology Pitfalls And how to avoid them.

Oilfield Service Technology Pitfalls And how to avoid them.

Oilfield service is a tricky business for a number of reasons. But fluctuating demand driven by commodity prices are the root cause behind a number of the challenges executives in this industry face

IEA: Oil market to return to a surplus next year

In its September Oil Market Report, the International Energy Agency said that the recent halt of the relentless oil market stock builds since early 2018 is only temporary.

190912 Equinor Bahamas Spill

Equinor progresses with oil spill recovery in the Bahamas

Equinor is progressing with oil spill recovery at the South Riding Point terminal in the Bahamas after the impact of Hurricane Dorian. An onshore team has started to recover oil and move it into tank storage.

API issues offshore operations integrity management standards

API published three new integrity management standards on Sept. 10 to assure continued reliable and efficient operation of offshore floating production platforms, including facilities designed to produce crude oil and natural gas as well as export LNG.

EIA: US crude inventories down 6.9 million bbl

US crude oil inventories for the week ended Sept. 6, excluding the Strategic Petroleum Reserve, decreased by 6.9 million bbl from the previous week, according to data from the US Energy Information Administration.

MARKET WATCH: Crude benchmarks drop more than $1/bbl

Light, sweet crude oil for October fell by $1.65 to settle under $56/bbl on Sept. 11 while Brent for November dropped nearly $1.60 to settle under $61/bbl.

US gas resource base broke records by yearend 2018, PGC reports

Estimated US gas resources increased to a record 3,374 tcf at yearend 2018, 20% more than 2 years earlier, which represents the largest 2-year increase in the assessment’s 54-year history, the CSM's Potential Gas Committee and the AGA jointly reported.

Alberta files Bill C-69 court challenge

The government of Alberta has filed a legal challenge to a federal law enacted earlier this year that opponents say impedes permitting of oil and gas pipelines and other major projects.

Obsidian studying strategic alternatives

Obsidian Energy Ltd., Calgary, has begun a formal study of strategic alternatives. Options might be a sale, merger, or other business combination; disposition of all or some assets; refinancing of the capital structure; or a combination.

Share sales to end GE’s control of Baker Hughes

General Electric Co. and affiliates plan share sales that will end their control of Baker Hughes, a GE Company.

New EQT leaders cutting staff by 23%

New managers of EQT Corp., Pittsburgh, have announced a 23% staff reduction. In a press statement, the company said the 196 jobs to be cut account for about $50 million/year of general and administrative costs.

MARKET WATCH: Crude benchmarks fall after Bolton firing

Crude oil benchmarks fell in New York and London markets Sept. 10 after US President Donald Trump fired US National Security Advisor John Bolton, which at least one analyst suggests could be a move toward easing US-Iran relations.

O’Grady appointed president of Northern Oil & Gas

Nicholas O’Grady will serve as president of Northern Oil & Gas Inc. (NOG) in addition to his current role as chief financial officer.

BP deploys Mars technology in methane-monitoring project

BP PLC’s North Sea business executed a pilot project combining Mars technology with a fixed-wing remote-piloted air system (RPAS), or drone, testing ways to remotely monitor methane emissions on its offshore assets.