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Tuesday
9 February 2016
 
 
   TODAY'S STORIES
 
SLUGCATCHER 
Gas war winners and losers


FOLLOWERS of any football code know there’s a problem when the chairman of a club says he has complete confidence in the coach, which is why Slugcatcher nearly choked on his morning tea when a senior executive of Russia’s Gazprom said there wouldn’t be a gas price war.
Full Story...


MORE SLUGCATCHER

Slugcatcher goes MAD


Irrationality and Lord Keynes’ end game


The compelling logic of a Santos/Origin merger


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PREMIUM FEATURES 
Agriculture forgotten in new world order


IN THE new world order of almost “unimaginable distress” amid low oil prices and uncertain future demand, senior resources lawyer Robert Milbourne, writing for Energy News, is astounded that agricultural land is a forgotten asset of the natural gas industry.
Full Story...


MORE PREMIUM FEATURES

Chicken Little and China myths


Evolving for a new era


Desperately seeking success


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TECHNICAL & PRODUCT 
Software to support hub expansion


AVEVA’S software will be used for the brownfield modification of Engie’s recently commissioned Cygnus platform in the North Sea, one of the largest offshore UK gas fields discovered in 25 years as the French oiler seeks to develop a new Southern North Sea gas hub.
Full Story...


MORE TECHNICAL & PRODUCT

Emerson sheds time-wasting


3D printing on the cards


Woodside catches Norwegian drift


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LIQUIFIED NATURAL GAS 
Indians eye Oz gas


A NEW working group will be established under the auspices of the India-Australia energy dialogue that could help make a second wave of LNG projects such as Woodside Petroleum’s Browse floating LNG development more likely.
Full Story...


MORE LIQUIFIED NATURAL GAS

Coal looks dire, long live renewables: LTG


LNG boom nearly wipes out oil trade deficit


QCLNG a boon for BG


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COAL SEAM GAS 
Agriculture forgotten in new world order


IN THE new world order of almost “unimaginable distress” amid low oil prices and uncertain future demand, senior resources lawyer Robert Milbourne, writing for Energy News, is astounded that agricultural land is a forgotten asset of the natural gas industry.
Full Story...


MORE COAL SEAM GAS

Coal looks dire, long live renewables: LTG


No end in sight for NSW CSG


Gas still vital for NSW: ERIC


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SAFETY & ENVIRONMENT 
New product for oil spill cleaning


A NATIONAL University of Singapore team has successfully converted paper waste into green cellulose aerogels that are non-toxic, ultralight, flexible, extremely strong and water repellent and ideal for applications such as oil spill cleaning.
Full Story...


CAREERS & RECRUITMENT 
Weatherford job cuts to reach 20,000


WEATHERFORD International’s stock enjoyed its biggest surge in more than four years after boosting 2016 cash flow projections and announcing it will lay off another 6000 workers in the first half of this year, bringing the total number of jobs cut since oil prices started plummeting to 20,000.
Full Story...


MORE CAREERS & RECRUITMENT

Updated: Gorgon next after $1M FIFO win


BP to cut 7000 more jobs on $US6.5B loss


EnerMech’s jobs boost


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DRILLING 
Drilling slowdown hits Cooper Basin


A COMBINED BEACH Energy and Drillsearch Energy would have drilled just six wells in January, and all were development or appraisal wells, with little exploration conducted with the two companies focused on keeping costs under control in the low oil price environment.
Full Story...


INDUSTRY MOVES 
Ukrainian escape on cards


THE once high-flying Hawkley Oil & Gas has finally found a buyer for its entire Ukraine asset portfolio, but it stands to pocket just $US1 million ($A1.4 million) for its shut-in Sorochynska production asset and Stoliarovska and Chernetska licences.
Full Story...


MORE INDUSTRY MOVES

Russia the new swinger


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PIPELINES 
Power plays in the Top End


NORTHERN Gas Pipeline developer Jemena has warned that a move by the NT’s Labor opposition to ban fraccing would compromise the economic benefits of the proposed pipeline and make it extremely difficult to source gas for the proposed link to the east coast.
Full Story...


PRODUCTION 
Production untroubled by low oil price


THE turf war for market share between the world’s biggest oil producing nations, which has driven the cost per barrel to around $US30, appears to have completely failed at knocking higher cost oil out of the market, according to the latest research from Wood Mackenzie.
Full Story...


MORE PRODUCTION

Nigeria adds to OPEC strife


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Volatility to soften


UK SUPERMAJOR BP, one of the first to call the “lower for longer” oil price scenario, believes market dynamics are changing and price volatility could actually reduce over coming decades.
Full Story...

Report backs Oz gas role


THE eleventh Energy In Australia report, prepared by Department of Industry, Innovation and Science chief economist Mark Cully, has reaffirmed the vital role of the energy industry as a major contributor to the Australian economy, contributing around $96.6 billion to industry gross value added – about 6% of the Australian total.
Full Story...

Agriculture forgotten in new world order


IN THE new world order of almost “unimaginable distress” amid low oil prices and uncertain future demand, senior resources lawyer Robert Milbourne, writing for Energy News, is astounded that agricultural land is a forgotten asset of the natural gas industry.
Full Story...

   CURRENT FOCUS FEATURES

Education & Training

A new era for training

Survey warns of yet another skills shortage




UPCOMING FOCUS FEATURES

MARCH : US FOCUS
MARCH : MAINTENANCE & SHUTDOWN
APRIL : UNCONVENTIONALS
APRIL : RIG TECHNOLOGY
APRIL : LNG18
MAY : FINANCING

   TODAY'S STORIES CONTINUED


Energy Briefs


IN TODAY’S Energy Briefs APA reverses pipeline; PNG seeks funding; Shell in US LNG deal; No water, no worries in Warro; Buru going gangbusters; Utility sale mooted; Bryon rig secured; Israel eyes gas power; Vitol boos says cheap oil here to stay; Mexico's crime woes; Cuadrilla hearings begin; Pancon and Tap update SPP progress; Total in DRC seismic; Greece awards blocks; and Enbridge fined.
Full Story...

BHP backs new CCS studies


RESOURCES giant BHP Billiton is teaming up with Canadian utility SaskPower on a $20 million dollar carbon capture and storage research project at the University of Regina aimed at accelerating the development and application of CCS technology.
Full Story...

Personnel Movements


IN TODAY’S Personnel Movements: Metgasco’s musical chairs; ROV expert joins Hawboldt; and Frontier shake-up.
Full Story...

Coal looks dire, long live renewables: LTG


ACTIVIST group Lock the Gate says the Queensland government is better off supporting renewables and agriculture after a Wood Mackenzie report revealed a third of the state’s coal mines are running at a loss.
Full Story...

Software to support hub expansion


AVEVA’S software will be used for the brownfield modification of Engie’s recently commissioned Cygnus platform in the North Sea, one of the largest offshore UK gas fields discovered in 25 years as the French oiler seeks to develop a new Southern North Sea gas hub.
Full Story...

Cost-saving in subsea developments


AN INNOVATIVE vessel share option for clients could offer significant savings through encouraging collaboration, cost-efficiencies, as well as providing increased productivity for subsea companies.
Full Story...

Gas war winners and losers


FOLLOWERS of any football code know there’s a problem when the chairman of a club says he has complete confidence in the coach, which is why Slugcatcher nearly choked on his morning tea when a senior executive of Russia’s Gazprom said there wouldn’t be a gas price war.
Full Story...

Pyrenees’ third phase begins


AFTER more than three years of planning BHP Billiton and its partners in the Pyrenees oil project in Western Australia’s Carnarvon Basin are gearing up for the third phase of the development.
Full Story...

Chicken Little and China myths


NATIONAL Australia Bank says oil markets have been acting more like Chicken Little, thinking the sky is falling due to misplaced fears of China’s demise rather than the facts, but that hasn’t stopped Morgan Stanley from slashing its 2016 Brent price forecast by 40% to $US30/barrel.
Full Story...

Energy Briefs


IN TODAY’S Energy Briefs: Shell open on Browse; APLNG writedown; LNGL gets export tick; Sino hearing delayed; Suncor on track; Genel funded; work blamed for pipe explosion; Hibiscus woes; Morocco goes solar; Siemens assists EFC; Sound produces gas; Italian law blocks development; WA DMP crows about record; Mozambique fears LNG loss; and LG boosts solar plant.
Full Story...

No end in sight for NSW CSG


THE CSG business may not be as dead in New South Wales as Lock the Gate might like to believe in the wake of the high profile cancellation of projects by Metgasco and AGL Energy, with the state government expected to make the first new CSG exploration licences available from mid-year.
Full Story...

Personnel Movements


IN TODAY’S Personnel Movements: WHL shake-up; MPG adds to Houston team; and LNG-fuelled vessel builder gets creative.
Full Story...

Gas still vital for NSW: ERIC


SANTOS says it has no plans to follow AGL Energy out of upstream gas exploration and production in New South Wales, and industry-backed advocacy group the Energy Resource Information Centre says gas will continue to play an important role in the state's energy mix.
Full Story...

Power plays in the Top End


NORTHERN Gas Pipeline developer Jemena has warned that a move by the NT’s Labor opposition to ban fraccing would compromise the economic benefits of the proposed pipeline and make it extremely difficult to source gas for the proposed link to the east coast.
Full Story...

Evolving for a new era


WOODSIDE Petroleum chief operating officer Michael Utsler has confirmed the Perth-based major is bracing for a “lower for longer” oil price scenario, but indicated the industry faces a limited window to recruit data scientists to digitise itself so it can not only survive the downturn but come out stronger at the other end.
Full Story...

Energy Briefs


IN TODAY’S Energy Briefs: GWF2 licences awarded; Nigerian chopper crash; Obama flags oil tax; Total's China deal; RGN-1 resources; Arup joins WEC; MEO salaries cut; SoCal Gas sued; Cuadrilla optimistic; Iran explosion; Rey raises; Leviathan court battle; Aker and Subsea 7 win work; Dong gives wind giant OK; Suncor loss; CCS awarded; Programmed hit; and E.ON accused of ripping off elderly.
Full Story...

Weatherford job cuts to reach 20,000


WEATHERFORD International’s stock enjoyed its biggest surge in more than four years after boosting 2016 cash flow projections and announcing it will lay off another 6000 workers in the first half of this year, bringing the total number of jobs cut since oil prices started plummeting to 20,000.
Full Story...

Personnel Movements


IN TODAY’S Personnel Movements: More Pryme changes; Carstens appointed AAMEG’s new chair; REM CEO quits; and energy storage firm hires VP.
Full Story...





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