Petroleum economics

Two steps forward, one step back

Date: 13 June 2018 Global energy demand growth above its 10-year average Natural gas was the largest source of energy growth, boosted by coal-to-gas switching in China, and renewables continue to grow For the first time, the BP Statistical Review of World Energy includes data on the fuel mix in the power sector, which strikingly is unchanged from 20 years

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API Announces New “Explore Offshore” Coalition In South Carolina Supporting Expanded Access To The Atlantic’s Offshore Oil And Natural Gas Resources; Part Of Larger Effort Backing Increased Offshore Access

Stephen Gilchrist, Chairman, S.C. African American Chamber of Commerce to serve as State Co-Chair Former Secretary of Veterans Affairs Jim Nicholson and Former Secretary of the Navy and Virginia Senator Jim Webb Serving as bipartisan National Co-Chairs. Oil and Natural Gas Industry Could Create Over 34,000 New High-Paying Jobs in South Carolina; Offshore Development Could Result in $2 billion in

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API Announces Bipartisan “Explore Offshore” Coalition Supporting Expanded Access To U.S. Natural Gas And Oil Resources

Former Secretary of the Navy and former Democratic Virginia Senator Jim Webb and Former Secretary of Veterans Affairs Jim Nicholson Serving as bipartisan National Co-Chairs; More than 100 Diverse Community Organizations, Associations, Businesses and Local Leaders in VA, NC, SC, GA and FL supporting expanded access to U.S. natural gas and oil resources. WASHINGTON, June 6, 2018 –Today, API launched

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API: New Sec. 232 Tariffs On Key Trade Allies Will Negatively Impact U.S. Energy Renaissance, U.S. Economy, And National Security

WASHINGTON, May 31, 2018 – Following the announcement from the White House that the Trump administration will be imposing new steel and aluminum tariffs on three important allies by ending their country exemptions – Canada, Mexico, and the European Union – API’s President and CEO Jack Gerard released the following statement. “We are deeply discouraged by the administration’s actions to

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Cooperation OPEC+ must be expanded, Mohammed Barkindo

29.05.2018 Cooperation between OPEC+ countries should be expanded for the sake of sustainable stability in the oil market. This was stated by OPEC General Secretary Mohammed Barkindo at the opening ceremony of the “southern gas corridor” in Baku. “OPEC is ready to consider any possibilities for expanding cooperation with Azerbaijan. I think that the cooperation of OPEC+ should be expanded.

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IOGP Report Explores Changing Global Oil and Gas Supply-Demand Mix

29 May 2018 Topics: Petroleum economics/production forecasting Getty Images Demand for oil and gas continues to steadily grow as global population centers shift and expand. Production of hydrocarbons is increasing too, but not necessarily in or near the regions that will need the most energy in the coming years. A report from the International Association of Oil & Gas Producers

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Iran oil imports stable regardless of US threats

2018-05-27 TEHRAN (NIOC) _ Indian refiners say they are keen to maintain oil imports from Iran despite the US withdrawal from a nuclear deal with Tehran and threats to pressure the country with “the strongest sanctions in history.” Iran is India’s third biggest energy supplier, selling it around 18.4 million tonnes of crude oil during 10 months between April 2017

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Future US Onshore Growth Depends on a Higher Price

Stephen Rassenfoss, JPT Emerging Technology Senior Editor |29 March 2018 Topics: Onshore Marshall Adkins, director of energy research at Raymond James, delivers the keynote speech at the Coiled Tubing and Well Intervention Conference and Exhibition held in The Woodlands, Texas. productivity outlook coiled US onshore producers are expected to keep adding oil production to keep up with growing global demand,

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API: New Studies Project That Offshore Energy Development Will Significantly Increase U.S. Jobs, Domestic Spending, Investments And State Revenues

202.682.8114 | press@api.org API: New studies project that offshore energy development will significantly increase U.S. jobs, domestic spending, investments and state revenues WASHINGTON, March 9, 2018 – According to new economic studies released today, opening the U.S. Outer Continental Shelf (OCS) to offshore oil and natural gas development would be an economic catalyst – promoting U.S. jobs, investments, and increased

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North Carolina Petroleum Council: Offshore Energy Resources Key To North Carolina’s Economic Future And Energy Self-Sufficiency

202.682.8114 | press@api.org North Carolina Petroleum Council: Offshore energy resources key to North Carolina’s economic future and energy self-sufficiency  RALEIGH, February 26, 2018 – North Carolina Executive Director David McGowan pointed to the many economic benefits that offshore energy resources could bring to North Carolina in advance of today’s Bureau of Ocean Energy Management public hearing on the Interior Department’s

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Looking for Innovation: Oilfield Services Remain a Challenge

22 February 2018 Topics: Asset/portfolio management Energy is a capital-intensive business, and the need for continued investment can make innovation difficult for early-stage companies looking to develop a niche within the industry. A panel of venture capital experts discussed the predictors of innovation they look for in the companies they evaluate, as well as the areas in energy where they

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Virginia Petroleum Council: Offshore Exploration Can Bring Jobs, Consumer Benefits And Economic Growth To Virginia

202.682.8114 | press@api.org RICHMOND, February 21, 2018 – Virginia Executive Director Miles Morin emphasized the opportunities that exploring offshore energy resources can bring to Virginia’s economic and energy future prior to today’s Bureau of Ocean Energy Management public hearing on the Interior Department’s proposed five-year offshore natural gas and oil leasing plan. “Interior’s offshore proposal is a critical first step

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South Carolina Petroleum Council: Offshore Exploration Is Critical To State’s Economic Future

COLUMBIA, February 13, 2018 – South Carolina Petroleum Council Executive Director Mark Harmon today highlighted the need for exploring offshore energy resources and the importance to South Carolina’s economic future prior to today’s Bureau of Ocean Energy Management public hearing on the Interior Department’s proposed five-year offshore natural gas and oil leasing plan. “The Interior’s offshore proposal is the first

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Antero Resources Announces 12% Increase in Estimated Proved Reserves to 17.3 Tcfe

DENVER, Feb. 13, 2018 /PRNewswire/ — Antero Resources (NYSE: AR) (“Antero” or the “Company”) today announced estimated reserves as of December 31, 2017. Highlights: Proved reserves increased by 12% to 17.3 Tcfe at year-end 2017 (36% liquids), compared to year-end 2016 Pre-tax PV-10 of proved reserves at year-end 2017 was $10.8 billion at SEC pricing, including hedges Proved developed reserves increased

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US Projected to Become Net Energy Exporter by 2022

09 February 2018 The US Energy Information Administration (EIA) projected continued development of US shale and tight oil and gas resources coupled with a modest increase in energy consumption in 2018, which could lead to the US transitioning from a net energy importer to a net energy exporter. “The United States energy system continues to undergo an incredible transformation,” EIA

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Latest E&P Jobs

Position Summary: The Operations Geophysicist has advanced level knowledge of the principles of seismic acquisition and quality control including seismic data, source, navigation and positioning, data quality and assurance and seismic data recording systems (OB nodes, navigation and positioning, and seismic sources). Vision, creative problem-solving, leveraging technology, exceptional customer service, ambition, and drive are strongly encouraged in this role and
Analyzer Engineer Location:   Singapore, 01, SG Company:  ExxonMobil Job Role Summary Responsibilities: • Provide engineering expertise support to the Singapore Manufacturing Complex (SCP and Refinery) for safe and reliable operations. The work includes engineering assessment, engineering design, trouble-shooting and root cause failure analysis and long-term equipment improvement initiatives. • Provide engineering expertise support for projects • Provide support for maintenance work • Serve as key
Date: Feb 18, 2019 Location: Centerville, IA, US, 52544 Company: Dover Corporation Hillphoenix is a leading manufacturer of Display Cases, Specialty Products, Refrigeration Systems, Power Systems and Comprehensive Services. The story of Hillphoenix is built on creativity and customer-centric innovation delivered by people invigorated by a strong sense of responsibility to help our customers win in their marketplaces. The relationships we build with
Job Function: Engineering/Technology Experience Level: Experienced Posted Date: 2/18/2019 3:53:57 PM Job #: 1904913 Location(s): United States; Oklahoma; CLAREMORE Role Summary:  About Us:   Baker Hughes, a GE company (NYSE:BHGE) is the world’s first and only fullstream provider of integrated oilfield products, services and digital solutions. Drawing on a storied heritage of invention, BHGE harnesses the passion and experience of its people to enhance productivity
Aibel is a leading service company within the upstream oil & gas and offshore wind industries. We provide our clients with optimal and innovative solutions within engineering, construction, modifications and maintenance throughout the entire life cycle. Aibel’s skilled employees are located close to our customers at the company’s eight offices in Norway and South East Asia. In addition, we operate
Aibel is a leading service company within the upstream oil & gas and offshore wind industries. We provide our clients with optimal and innovative solutions within engineering, construction, modifications and maintenance throughout the entire life cycle. Aibel’s skilled employees are located close to our customers at the company’s eight offices in Norway and South East Asia. In addition, we operate
Job Responsibilities The Senior Instrument Engineer shall be responsible for the provision of cost effective Instrument Design solutions and relevant technical expertise in the areas of Instrument and Controls Design and Engineering through project lifecycle phases in compliance with relevant Company and Client requirements in assigned areas to company projects in the Upstream Oil and Gas Sector ranging from greenfield
Software Team Lead Calgary, Alberta, Canada · Development and Engineering DESCRIPTION Lead a team of approximately 8 Software Designers and Engineers to achieve or exceed Company goals and objectives. Perform the following essential functions either by self or through subordinate employees: Manage the delivery of multiple complex simultaneous system development projects from design through to release Contribute to the technical
Quality Engineer Houston, Texas, United States · AFGlobal Corporation DESCRIPTION This position is accountable for developing inspection plans, statistical process controls, procedures/work instructions/visual aid and instructing both inspectors and operators in the use of statistical methods, analyzing data, preparing reports, plotting trends, and conducting process audits. Duties and Responsibilities: Develops inspection and control plans for the various processes used to
Location:Trondheim, Norway Apply by:March 31, 2019 Position type:Contract (Office) Job category:Technical/Engineering Job ID #:31910 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable solutions of the
JOB DESCRIPTION ORGANIZATIONAL STRUCTURE BUSINESS:   Energy LOCATION:   Spartanburg, SC DIRECT REPORTING:  Director, Engineering FUNCTIONAL REPORTING: POSITION DETAILS Position Summary The Mechanical Design Engineer is responsible for participating in the design and evaluation of small-bore valves and fittings for the instrumentation industry.  The Mechanical Design Engineer interacts directly with end users to recommend products and provide technical input on product applications.
Software Team Lead Calgary, Alberta, Canada · Development and Engineering DESCRIPTION Lead a team of approximately 8 Software Designers and Engineers to achieve or exceed Company goals and objectives. Perform the following essential functions either by self or through subordinate employees: Manage the delivery of multiple complex simultaneous system development projects from design through to release Contribute to the technical
Req No.:  2914 Field Engineer II – Wireline Product Service:  Wireline Location:   Midland, TX, US, 79706 CDL Required:  Yes Required Travel:  50% – 75% Number of Openings:  3 FLSA Status:  Exempt Type of Position:   Salaried Position Status:  Full Time Additional Available Locations: Position Summary Leads a crew in performing various oilfield services. Interacts with customer representatives at the well site to determine
DevOps Engineer EDISON, NEW JERSEY DEVELOPMENT TEAM FULL-TIME APPLY FOR THIS JOB Tenna is an exciting IoT startup with strong financial backing, giving our customers the power to control their assets anytime, anywhere.  We provide innovative solutions to customers looking for better ways to track and manage assets like light and heavy equipment, tools, and materials.  We pride ourselves as
108661,Utrecht, Netherlands; equensWorldline is one of the leading and most innovative payment service providers in Europe. As experts in financial processing and software licensing we provide services to fulfill all needs of the dynamic European payments market. Innovation is high on our agenda, as the payments industry is rapidly evolving. That’s why we foster the development of new and innovative
Project engineer – development of well intervention equipment Employer Altus Intervention Technologies job Title project Engineer Place Stavanger Deadline 02/20/2019 Duration Solid Altus Intervention Technologies is a global provider of world-leading well intervention technology and equipment. For our development department in Stavanger, we are soon seeking a project engineer, with a master’s degree in mechanical engineering, and preferably two to
Location: Stavanger, Norway Apply by: March 10, 2019 Position type: Contract (Office) Job category: Technical/Engineering Job ID #: 31822 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop
Quality Engineer Houston, Texas, United States · AFGlobal Corporation DESCRIPTION This position is accountable for developing inspection plans, statistical process controls, procedures/work instructions/visual aid and instructing both inspectors and operators in the use of statistical methods, analyzing data, preparing reports, plotting trends, and conducting process audits. Duties and Responsibilities: Develops inspection and control plans for the various processes used to
Location:Stavanger, Norway Apply by:March 10, 2019 Position type:Contract (Office) Job category:Technical/Engineering Job ID #:31764 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable solutions of the
Location: Curitiba, Brazil Apply by: April 1, 2019 Position type: Employee (Office / Offshore Core) Job category: Functional Job ID #: 31288 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our
Location: Bergen, Norway Apply by: June 1, 2019 Position type: Contract (Office) Job category: Technical/Engineering Job ID #: 31677 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop
Newly graduated – Material Engineer Aibel is a leading service company within the upstream oil & gas and offshore wind industries. We provide our clients with optimal and innovative solutions within engineering, construction, modifications and maintenance throughout the entire life cycle. Aibel’s skilled employees are located close to our customers at the company’s eight offices in Norway and South East Asia.
Description The Cost Accountants primary responsibility will be maintaining the cost set for all sites under their jurisdiction. To carry out this function, the Cost Accountant will serve as the accounting/finance liaison to operations, supply chain and sales in all matters related to cost including cost roll-ups, inventory valuation, variance analysis etc. The Cost Accountant will be responsible for oversight
Job Posting: Jan 15, 2019, 5:10:23 PM Unposting Date: Mar 18, 2019, 5:59:00 AM Summer Student, Geological Services – Technologists–16026 Description Position: Summer Student,Geological Services – Technologist Location: Calgary, AB Start Date: May 7, 2019 Length of Term: 4 months Business Unit: GeologicalServices Application Deadline: March 17,2019 Position Responsibilities: Importing/Exporting/Digitizing subsurface data into various applications and databases QA/QC of geological
Apply by:February 19, 2019 Position type:Contract (Office) Job category:Technical/Engineering Job ID #:31172 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable solutions of the future. Aker
Overview Job ID: 13451 Country: USA Location: Austin, Texas, Houston, Texas Company: Equinor US Operations LLC Contact Name: Julia Ramos Workplace: Onshore Discipline: Supply Chain Management Education Preferred: Bachelor’s Degree Experience Preferred: Less than 1 year Closing Date: Feb 22 2019 Job Description Equinor is an international energy company with a proud history. Formerly Statoil, we are 20,000 committed colleagues
Overview Job ID: 13449 Country: USA Location: Houston, Texas Company: Equinor US Operations LLC Contact Name: Julia Ramos Workplace: Onshore Discipline: Exploration Education Preferred: Master’s Degree Experience Preferred: Less than 1 year Closing Date: Feb 22 2019 Job Description Equinor is an international energy company with a proud history. Formerly Statoil, we are 20,000 committed colleagues developing oil, gas, wind
Job ID: 13412 Country: USA Location: Austin, Texas, Three Rivers, Texas, Triadelphia, West Virginia, Williston, North Dakota Company: Equinor US Operations LLC Contact Name: Julia Ramos Workplace: Onshore Discipline: Operation & Maintenance Education Preferred: Bachelor’s Degree Experience Preferred: Less than 1 year Closing Date: Feb 22 2019 Job Description Equinor is an international energy company with a proud history. Formerly
Job Description The successful applicant will join ESG’s Global Energy Services Group and will be responsible for overseeing all data acquisition and processing services for all petroleum group projects. The Manager of Acquisition and Processing will work with employees, project coordinators, and analytics teams to ensure that all tasks are performed on time and to the highest quality.  They will
date: Dec 29, 2018 location: Richmond, CA California, US 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
Req ID 95797BR Job category Commercial Countries (State/Region) Hubei Location China – Hubei – Wuhan Role synopsis  The successful candidate will lead a team of technologists and engineers working within the DFJV.  A key role and a key connection to Castrol and Castrol Technology community via dotted reporting line to the Castrol’s Technology Director in China.  Drive
Apply by:May 1, 2019 Position type:Contract (Office) Job category:Technical/Engineering Job ID #:30803 Corporate Overview Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable solutions of the future. Aker
date: Nov 30, 2018 location: Richmond, CA California, US 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
Job Function: Engineering/Technology Experience Level: Experienced Posted Date: 10/26/2018 1:55:43 PM Job #: 3196758 Location(s): Poland; Warsaw Role Summary: The Design Engineer will be an integral part of the Manifold team that is technical responsible for defining, developing and delivering subsea manifold systems to the clients. The Design group have the responsibility for engineering design activities for structures, piping, jumpers
CSE ICON Our Passion For What We Do Transfers Into Our Services Job Description: Hadoop Architect/Developer with hands on experience in designing and developing big data solutions. The candidate will be a part of  advanced analytics group of CSE ICON. Advanced analytics team is building innovative analytical solutions for Oil & Gas Upstream, Electric Utility and Oil & Gas Midstream
GE Oil & Gas Experienced Posted 10/2/2018 6:54:31 AM 3184614 Job Function: Engineering/Technology Business Segment: Oil & Gas Measurement & Controls Location(s): Ireland; Shannon Role Summary:This Lead Project Engineering role is a new permanent opportunity based in GE Sensing EMEA, Shannon which is part of the Baker Hughes a GE company (BHGE) business. Essential Responsibilities:• Working as part of the
February 2019
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