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Sunday
7 February 2016
 
 
   TODAY'S STORIES
 
SLUGCATCHER 
Slugcatcher goes MAD


MUTUALLY Assured Destruction, also known as MAD, was a curious military doctrine that some people believe help maintain world peace during the Cold War, but whether it has a place in today’s oil world is a question which has been amusing Slugcatcher over the past few months.
Full Story...


MORE SLUGCATCHER

Irrationality and Lord Keynes’ end game


The compelling logic of a Santos/Origin merger


Viva la revolution


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PREMIUM FEATURES 
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...


MORE PREMIUM FEATURES

Desperately seeking success


Bendall is back


Oil glut lengthens


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TECHNICAL & PRODUCT 
Emerson sheds time-wasting


EMERSON Process Solutions has expanded its Integrated Operations (iOps) solutions to include workflow software modules from OVS Group – a move which will save operators wasting time doing a host of things needed to optimise production.
Full Story...


MORE TECHNICAL & PRODUCT

3D printing on the cards


Woodside catches Norwegian drift


Honeywell’s remote solution


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LIQUIFIED NATURAL GAS 
LNG players smashed


MAJORS seeking to position themselves as LNG titans have been smashed by low oil prices, with Shell delaying its LNG Canada project after posting its lowest income in 13 years, while Europe’s main LNG plant owner, Statoil, has cut oil break-even for projects to under $US50 as it posted a loss.
Full Story...


MORE LIQUIFIED NATURAL GAS

Updated: Gorgon next after $1M FIFO win


Australia to lose ground in LNG race


Macquarie flags Wheatstone cost blow-out


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COAL SEAM GAS 
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...


MORE COAL SEAM GAS

Santos stands alone as AGL quits upstream gas


Desperately seeking success


Gallagher’s fiery first day


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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...


MORE SAFETY & ENVIRONMENT

Red Gully undamaged


Red Gully lighting strike


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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


North Sea set for M&A frenzy


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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 
Nigeria adds to OPEC strife


IF SPARRING between OPEC leader Saudi Arabia and upstart Iran was not enough to confuse oil forecasts, another key member, Nigeria, is facing a devastating shut-in amid a showdown between its president and former militants which could help support oil prices.
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...

   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: 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...

DW keeps decom faith alive


DECOMMISIONING in the UK North Sea is still expected to be the space that saves UK-based oil field services companies, even if the oil price defies expectations and the UK government’s recently announced stimulus programs for Scotland.
Full Story...

Emerson sheds time-wasting


EMERSON Process Solutions has expanded its Integrated Operations (iOps) solutions to include workflow software modules from OVS Group – a move which will save operators wasting time doing a host of things needed to optimise production.
Full Story...

Updated: Gorgon next after $1M FIFO win


GORGON and Curtis Island’s three LNG mega-projects, particularly Santos’ Gladstone LNG, are next in the Electrical Trades Union’s firing line after it won a $1 million claim against Inpex’s principal Ichthys electrical contractor Kentz Australia for making 150 fly-in/fly-out workers redundant on the last day of their four-week shift.
Full Story...

Amended: Matrix enters new reality


AN Australian innovation that’s just been commercialised for use in the Gulf of Mexico has come at just the right time to help producers reduce costs while increasing production in the current low oil price environment.
Full Story...

Desperately seeking success


BELEAGUERED Metgasco, which was finally chased out of the Northern Rivers region by anti-CSG activists and a promise of pennies in the dollar from the New South Wales government last year, and cashbox Molopo Energy, are two of just a handful of junior oilers with the fiscal firepower to back new oil and gas plays, but only a limited time in which to back them.
Full Story...

Energy Briefs


IN TODAY’s Energy Briefs: Noske fronts court; Santos warning; More oil at Ungani; Alinta sale; Dempsey raising; Petsec acquisition; NT offers Beetaloo block; Armour at it again; Oz emissions grow; Iran fined; Sasol expands Mozambique gas; US keeps subsidies; Total backs African solar; US courts target Petrobras; Sun to power for weapons manufacturer; Polarcus jobs cuts; Petrel MD backs raising; and Pertamina sells US gas.
Full Story...

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...

Personnel Movements


IN TODAY’S Personnel Movements: Cole in Beach shake-up; Ex-AED chairman dies; Pawnee appoints strategist; and CEDA WA director off to Westpac.
Full Story...

The blended revolution


OILERS desperate to improve operational efficiency amid low oil prices are looking to boost their “blended workforce” with machines, with investment in digital technologies due to ramp up further amid fears the global glut will persist.
Full Story...

EnerMech’s jobs boost


ABERDEEN-based mechanical engineering group EnerMech has completed a deal that should support more Australian oil and gas jobs, signing up to distribute Parker Hannifin motion and control technologies to Australian industry.
Full Story...

Bendall is back


THE ghost of onshore Tasmanian oil exploration’s past is on the move again, with Lucas Jacometti, founder and pastor of the C3 Church in South Hobart, the latest man of god prepared to go chasing black gold in Tasmania’s Central Highlands, in partnership with self-styled prophet and oil hunter Malcolm Bendall, who has just resurfaced after six months of silence, and European backing.
Full Story...

Energy Briefs


IN TODAY’S Energy Briefs: Browse writedown flagged; Origin cleared; no Senex action; InterPet court date; Genex solar approved, WA awards open; Shell sells refinery; Bounty anticipates sales; Greenearth gets gong; Premier purchase approved; Pickens calls bottom; Statoil enters Uruguay; Tamworth investigates landfill gas; CO2 plant opens; another Petrobras exec jailed; and Petromanas ditches Canning, sells Albania.
Full Story...

Developing economies embrace renewables


TWO of the developing world’s powerhouse economies are enthusiastically hopping on the green energy bandwagon, with massive increases in generating capacity in China and India again cutting tariffs for solar power.
Full Story...

Personnel Movements


IN TODAY’S Personnel Movements: BP reduces CEO’s load; Horizon appoints risk management specialist; Snowy Hydro shake-up; and Russian businessman topples JKX board.
Full Story...

A new era for training


THE first cadres were announced yesterday for an innovative program that will spur a new era of education and training for the next stage of Australia’s LNG boom under which companies will collaboratively train cadets rather than burn cash by training other firms’ people before losing them to other employers.
Full Story...





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