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


(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


(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

(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


(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


(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...]

Russian oil output hits post-Soviet high

(UPSTREAM) A production ramp-up at Gazprom Neft and Surgutneftegas brought Russia’s oil output to a new post-Soviet high of 10.59 million barrels per day in October. [Read more...]

Tanzania outlines new oil and gas production terms

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

Key World Energy Statistics 2013 – IEA Report

(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


(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


(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...]