India’s Oil Supply and Demand Gap Widening

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(MARITIME EXECUTIVE) India was the fourth-largest consumer and fourth-largest net importer of crude oil and petroleum products in the world in 2013, after the United States, China, and Japan. [Read more...]

Chevron goes to extremes in the Gulf of Mexico

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(FORTUNE) The oil giant is spending billions to tap new oil fields in deepwater far offshore. Take an up-close look at how it’s done. [Read more...]

At the Wellhead: Indonesia tries to kickstart its faltering oil industry

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(PLATTS) As Indonesia, once an OPEC member and top LNG exporter, comes to terms with a new reality that awaits it — that in the next five years it is going to become a net importer of energy — the industry is urging the government to do what is necessary to kickstart the E&P engine. [Read more...]

Escalating costs driving diminishing returns for oil and gas companies despite stronger oil prices

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(O&G FINANCIAL JOURNAL)  Despite stronger oil prices, corporate returns on average capital employed (ROACE) are lower than in 2001, when oil prices were less than $30 per barrel, according to research from information and insight provider IHS. [Read more...]

EU sets energy security as priority for next five years of policy-making

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(Reuters) – Europe’s best chance of standing up to the supply insecurity caused by the Russia-Ukraine conflict is a close-knit energy union to thwart Moscow’s divide and rule strategy, a draft document laying out the next five years of EU energy policy says. [Read more...]

As oil flows east, race is wide open to price Asia’s imports

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(REUTERS) China will increasingly dominate global oil trade with a fuel import bill worth half a trillion dollars a year by the end of the decade – a lucrative prospect for futures exchanges battling to provide the benchmark to price Asia’s oil. [Read more...]

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...]

Texas A&M to lead new offshore safety institute for oil & gas industry

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(UPSTREAM) US regulators have chosen Texas A&M as a partner in a five-year project to promote dialogue and partnerships across industry on offshore safety matters. [Read more...]

Indonesia plans to build new 300,000bpd refinery

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(ENERGY BUSINESS REVIEW) Indonesia is planning to build a new state-owned refinery to reduce its dependence on imported fuels. [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...]