Deepwater well construction requires precision, thorough planning

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(OFFSHORE) Deepwater well construction is all about planning and logistics. Typically, if these two challenges are not handled flawlessly, they can cause more issues than drilling and completion. [Read more...]

New natural gas royalty structure announced for New Brunswick province in Canada

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(SACKVILLE TRIBUNE-POST) The provincial government has developed a new royalty structure that will significantly increase the royalties received for natural gas in the long-term without discouraging development. [Read more...]

BP supercomputing center to aid safer exploration drilling, enable better well placement

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(DRILLING CONTRACTOR) BP has opened a new Center for High-Performance Computing (CHPC) that the company says houses the largest commercial supercomputer for research in America. [Read more...]

Tanzania outlines new oil and gas production terms

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(REUTERS) * Tanzania outlines payments on signing licenses
* Terms also include new royalty structure [Read more...]

Trinidad energy minister touts ‘world’s first natural gas economy’

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(FUEL FIX) Kevin Ramnarine has been minister of energy and energy affairs for Trinidad and Tobago since 2010. Before joining the government of the Caribbean islands that are northeast of Venezuela, he worked as an economist for the Trindid and Tobago office of energy company BG Group. [Read more...]

Key World Energy Statistics 2013 – IEA Report

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(INTERNAIONAL ENERGY AGENCY) Free, handy reference tool – the most downloaded IEA publication – offers snapshots of how energy is produced, transformed and consumed [Read more...]

Executive Interview: Malcolm Webb, Chief Executive, Oil & Gas UK

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(OIL COUNCIL) Malcolm, there seems to be a new wave of prosperity for North Sea oil and gas as well as a significant increase in investment in 2013. For those not overly familiar with the region, what have been the causes of this noteworthy change? [Read more...]

Emerging Regulatory & Policy Issues Facing Canada’s Oil and Gas Industry

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(OIL COUNCIL) Canada’s oil and gas industry has experienced a relatively stable and predictable operating environment. In part, this has been due to a common government recognition that technical issues regarding safety and responsible resource development are matters often best left to experienced experts overseen by objective independent regulators. [Read more...]

Big Oil faces pressure from shareholders over costs

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(REUTERS) Oil industry shareholders concerned about poor returns and costly projects urged executives from Big Oil this week to return cash to shareholders – and at least one of the world’s top five petroleum companies fully acquiesced. [Read more...]

China is on oil and gas shopping spree

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(CNN MONEY) Deep-pocketed Chinese energy firms have started to flex their muscles. They are snapping up foreign oil and gas companies at an increasing clip. [Read more...]