Oil & Gas Prices

Below 100 Bcf Withdrawal Takes Gas Prices Lower

Feb 1, 2018 Natural gas storage inventories decreased by 99 Bcf for the week ending Jan. 26, according to the EIA’s weekly report. The draw was slightly below expectations. Natural gas prices declined today with the March contract trading at $2.86 per MMBtu at the time of writing. Today’s storage withdrawal parallels last year’s draw of 87 Bcf and the

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Service Companies Encouraged by Pickup in Business

Joel Parshall, JPT Features Editor | 30 January 2018 Source: Schlumberger After more than 3 years of painful cutbacks and retrenchment, the major oilfield service companies are seeing encouraging signs of business recovery. Schlumberger, Halliburton, and Baker Hughes, a GE Company (BHGE), have reported improved financial results for 2017 and the year’s fourth quarter and have expressed favorable outlooks for

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Another Outlook for Industry Predicts Healthy 2018

Joel Parshall, JPT Features Editor | 29 January 2018 Higher oil prices and the adjustments made by the industry in response to the long downturn of the past several years provide some optimism for a better year to come. Source: Deloitte. The global oil industry appears poised for stronger performance in 2018, having benefited from the financial discipline and cost-cutting

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Research forecasts oil and gas capex and R&D spending boosts in 2018, but industry still promises to keep a cap on costs

Oslo, 25 January 2018: Senior oil and gas sector professionals expect a step change in the industry’s capex, opex and R&D spending levels in 2018, as new research from DNV GL, the technical advisor to the oil and gas industry, confirms confidence in the industry has doubled. Published: 25 January 2018 Author: Neil James Slater Keywords: Oil & Gas After

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EIA Reports 10th Consecutive Inventory Draw, Oil Prices Trading at 3-Year Highs

Jan 24, 2018 | Oil and Gas Industry US crude oil stocks decreased by 1.1 MMBbl last week. Gasoline and distillate inventories increased by 3.1 MMBbl and 0.6 MMBbl, respectively. Yesterday afternoon, API reported a crude oil build of 4.8 MMBbl while reporting a gasoline build of 4.1 MMBbl and distillate draw of 1.3 MMBbl. Analysts, on the contrary, were

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How Big Data, AI And Other Tech Trends Are Disrupting The Oil Industry

Julian Mitchell, CONTRIBUTOR Jan 22, 2018 11:00 AM 1,682 Photo courtesy of McKinsey Crude oil prices hit record highs back in 2008, reaching upwards of $150 per barrel, boosting production and inspiring a gold rush amongst investors who banked on the trajectory of a perceivably promising industry. Yet, the reality plaguing global powerhouses like Exxon Mobil, Shell and BP proved the

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The Week Ahead for Crude Oil, Gas and NGLs Markets 1/22/2018

CRUDE OIL US crude oil inventories decreased by 6.9 MMBbl, according to the weekly EIA report. Gasoline inventories increased 3.9 MMBbl, while distillates decreased 3.9 MMBbl. Total petroleum inventories posted a sizable withdrawal of 13.8 MMBbl. US production was estimated to be up 258 MBbl/d, recovering from the previous week’s losses from the cold weather freeze-offs. Imports decreased 292 MBbl/d from the

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Banker: All ‘Going Right’ With Delaware Play

Joel Parshall, JPT Features Editor | 15 January 2018 Topics: Petroleum economics/production forecasting shale oil unconventional The Permian Basin has been the center of United States unconventional oil activity in the last several years, and the center of that play is now shifting to the Delaware subbasin. Jeff Sieler, a managing director in the global energy group at Citigroup Investment

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Oil and Gas Industry poised for stronger performance in 2018

04 January 2018 The global oil industry appears poised for stronger performance in 2018, having benefited from the financial discipline and cost-cutting innovation driven by several years of low oil prices and looking ahead to somewhat more stable market conditions. While oil prices have recently risen above $60/bbl, likely reflecting a number of short-term supply disruptions and concerns over Middle

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PETROLEUM DEMAND LAST MONTH HIGHEST FOR NOVEMBER SINCE 2007 (INCLUDES MONTHLY STATISTICAL REPORT)

WASHINGTON, December 15, 2017 – Total petroleum deliveries in November rose to 19.9 million barrels per day. This was the strongest November monthly demand since 2007.  Cumulatively through the first 11 months of the 2017, total domestic petroleum deliveries rose by 0.9 percent, which exceeded demand growth in 2016 despite higher prices. “With sustained strength in the U.S. and global

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Latest E&P Jobs

Date: Aug 13, 2018 Location: Cotulla, TX, US, 78014-2005 Our core values — integrity and trust, respect, transparency and open communication, commercial focus and change leadership — are the lens through which we evaluate every business decision. As a dynamic, growing company that offers extremely competitive compensation and benefits, our employees are our most valued assets and the foundation of
Date: Aug 13, 2018 Location: Makati, NCR (Manila), PH Chevron is one of the world’s leading energy companies, with approximately 60,000 employees working in countries around the world. We explore, produce and transport crude oil and natural gas; refine, market and distribute fuels and other energy products; manufacture and sell petrochemical products; generate power; and develop future energy resources, including
Date:Aug- 13- 2018 Role synopsis This role involves working closely with various stakeholders to develop a leading-edge understanding of the fundamentals of China’s oil market. The successful candidate will be an independent, driven person with excellent interpersonal and numerical skills, who are able to navigate the fast-changing rapids of China’s oil market and bring that understanding to our global trading
Date: Aug 13, 2018 Location: Makati, NCR (Manila), PH Chevron is one of the world’s leading energy companies, with approximately 60,000 employees working in countries around the world. We explore, produce and transport crude oil and natural gas; refine, market and distribute fuels and other energy products; manufacture and sell petrochemical products; generate power; and develop future energy resources, including
Date: Aug 13, 2018 Location: Oklahoma City, OK, US, 73118 Our core values — integrity and trust, respect, transparency and open communication, commercial focus and change leadership — are the lens through which we evaluate every business decision. As a dynamic, growing company that offers extremely competitive compensation and benefits, our employees are our most valued assets and the foundation
Date:12 -08-2018 Role Summary:The Sr. Sourcing Manager – Commodity Management will be responsible for developing long term Sourcing strategy for key commodities like Engineered Systems, Fabrication and Machined Parts & Assemblies across all 4 Product companies within BHGE. He/She will work extensively with global commodity leaders and define the right supplier footprint from India that supports both local and global
Date: Aug 10, 2018 Location: Oklahoma City, OK, US, 73118 Our core values — integrity and trust, respect, transparency and open communication, commercial focus and change leadership — are the lens through which we evaluate every business decision. As a dynamic, growing company that offers extremely competitive compensation and benefits, our employees are our most valued assets and the foundation
Date: Aug 12, 2018 location: Perth, Western Australia, AU supply chain management (SCM) – chevron aboriginal cadetship program Who We Are Chevron is one of the world’s leading integrated energy companies and through its Australian subsidiaries, has been present in Australia for more than 60 years. Offering some of the most dynamic career opportunities in the industry, Chevron Australia –
Date: Aug 11, 2018 Location: Villahermosa, TAB, MX, 86037 A453-ESG-Coord, HSE, Assoc Under strict supervision from Operations Leadership, the Coordinator is responsible for implementation of health, safety and environmental policies, procedures and guidelines as instructed. Duties are likely to be within a defined project, work-site or geographic location. Assists in various activities, including but not limited to hazard identification and
Date: Aug 11, 2018 Location: Roma, QLD, AU, 4455  We are looking for the right people — people who want to innovate, achieve, grow and lead. We attract and retain the best talent by investing in our employees and empowering them to develop themselves and their careers. Experience the challenges, rewards and opportunity of working for one of the world’s
Date: Aug 11, 2018 location: Perth, Western Australia, AU Who We Are Chevron is one of the world’s leading integrated energy companies and is consistently voted one of the top graduate employers in Australia’s Top 75 Graduate Employers survey. Offering some of the most dynamic career opportunities in the industry, Chevron Australia – headquartered in Perth – leads the Gorgon
Date: Aug 11, 2018 location: Perth, Western Australia, AU asset development – chevron aboriginal cadetship program  Who We Are Chevron is one of the world’s leading integrated energy companies and through its Australian subsidiaries, has been present in Australia for more than 60 years. Offering some of the most dynamic career opportunities in the industry, Chevron Australia – headquartered in
Role Summary:The Engineer / Technologist provides direction and assistance to teams and work within defined parameters to make decisions, apply concepts to issues of moderate complexity, and resolve issues through immediate action or short-term planning.Essential Responsibilities:– Execute, with guidance from senior engineering resources, the analysis, design, test, or integration required to define and support assigned components, assemblies orsystems that meet
Essential Responsibilities:– Interpret survey reports and provide technical dispositions and work scopes to satisfy specifications.-Interpret Customer specifications and identify equipment required to satisfy specifications.- Identify shortcoming in, or lack of, existing products and produce cost effective design solutions to satisfy specifications.- Prepare and approve factory acceptance test procedures.- Meet engineering work schedules.- Liaise with Sales and Manufacturing Departments as well
Essential Responsibilities: Be responsible, drive and lead for all UTSP metrics, as OTD, Sales FC, Inventory, Past Due orders. Analyze root causes for improvement potential and lead improvement Orders: Coordinate orders with other Functions like Customer Care to ensure flawless execution Sales: Forecast weekly Sales output, resolve Past Due orders Lead Variable Cost Initiative (VCP, VCO, …) for the site.
Role Summary:The Commercial Culture Communications Manager is a key member of the Global Commercial Communications team. He/she will partner with Global Operations, Global Sales, the Global Commercial Functions (Commercial Excellence, Global Channels, and Integrated Sales), and the BHGE regions – including their leadership teams – to drive strategic internal communications plans that are aligned with key commercial and business priorities
Published: 10-08-2018 Role Summary:The PT Platform Leader LATAM demonstrates accountability for functional, business, and broad company objectives. In this role, you will focus on developing the New units and Services business for BHGE Power Transmission in the Region coordinating global and local resources. Essential Responsibilities:Will be key to the role the ability to: Identify opportunities in the Region, lead early
Date: 10-Aug-2018 Company: Lloyds Register Job ID:16262 Location:Hamburg : Am Sandtorkai 41 (LR_L000062) Position Category:Surveyor Department:DE205250 : HAM-NORTH MARINE (DE205250) Position Type:Employee Regular EducationRequired:See Job Description Experience Required:See Job Description Relocation Provided:   (Senior) Surveyor Engines & Machinery Components (Augsburg – Germany) Are you a mechanical engineer with a passion for (ship) engines and marine & offshore engine components? Do you
Date: Aug 10, 2018 Our core values — integrity and trust, respect, transparency and open communication, commercial focus and change leadership — are the lens through which we evaluate every business decision. As a dynamic, growing company that offers extremely competitive compensation and benefits, our employees are our most valued assets and the foundation of Chesapeake’s performance among our E&P
Location: Oklahoma City, OK, US, 73118 Our core values — integrity and trust, respect, transparency and open communication, commercial focus and change leadership — are the lens through which we evaluate every business decision. As a dynamic, growing company that offers extremely competitive compensation and benefits, our employees are our most valued assets and the foundation of Chesapeake’s performance among
August 2018
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