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...]

Russian oil output hits post-Soviet high

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(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

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