BEIJING/SEOUL, April 13 (Reuters) – Isolated North Korea doesn’t consume much oil, but curbing or cutting off its supplies in retaliation for further nuclear or long-range missile tests would be painful and potentially destabilising to the regime of Kim Jong Un. U.S. officials have told Reuters that an oil embargo is among tougher sanctions Washington… Read more »
Posts Categorized: Uncategorized
UK Post-Brexit Economy Needs Energy Market That’s a Mess
(Bloomberg) — Relying on natural gas to fuel Europe’s second-largest economy was never going to be easy for the U.K., even before Brexit. Britain’s once vast North Sea gas fields are fading, and even after a decade of trying, the island nation hasn’t replicated the fracking boom that turned the U.S. into the world’s largest… Read more »
OPEC Over-Delivers On Oil Cuts, But Sees Rivals’ Output Rising
LONDON, April 12 (Reuters) – OPEC cut oil output in March by more than pledged under a supply reduction deal and said oil inventories had fallen in February, suggesting that its effort to clear a supply glut that has weighed on world oil prices is succeeding. But the Organization of the Petroleum Exporting Countries also… Read more »
Forgotten Gen Xers: What Motivates the ‘Sandwich Generation’
Need a break from all the attention that Millennials get? If so, there’s another cohort that could use some love: Generation Xers. “Gen Xers” were born from the mid-1960s through the 1970s. They make up the second-largest share of the U.S. workforce and command the third-largest segment of the country’s population. Moreover, they are helping to effect a major… Read more »
BLOG: Where Do Oil, Gas Professionals Want to Work?
North America, the Middle East and Europe are the top three regions where oil and gas professionals would like to work, according to the first Global Energy Talent Index (GETI). Andreas Exarheas Associate Editor, Rigzone The survey revealed that 22 percent of voters said North America was their top location, compared to 22 percent for… Read more »
Qatar to Drill in Biggest Gas Field After 12-Year Freeze
(Bloomberg) — Qatar Petroleum plans to start a new development in the offshore North Field, ending a 12-year ban on new projects that allowed the company to assess how its current rate of extraction affects the giant reservoir it shares with Iran. The patch, in the southern section of the field, will have a capacity… Read more »
How to Combat Oil, Gas Relocation Challenges
Oil and gas is a global industry in which commodity prices have distinct and significant economic impacts across the world. As such, professionals who work in oil and gas are typically accustomed to global operations and at times, this requires work relocations – both domestically and internationally. It’s always great for both employer and employee… Read more »
Transcanada Gets Presidential Permit For Keystone XL Pipeline
March 24 (Reuters) – TransCanada Corp said on Friday the U.S. Department of State issued a presidential permit for the construction of the Keystone XL oil pipeline, a project blocked by former President Barack Obama. President Donald Trump will make an announcement on the pipeline at 10:15 a.m. (1415 GMT), White House spokesman Sean Spicer… Read more »
HeliOffshore Deems North Sea Helicopter Operations Safe
Helicopter operations in the North Sea are currently safe, according to HeliOffshore, the global offshore helicopter industry safety association. “Thanks to an industry-wide commitment to global collaboration, we are implementing best practices, funding research, delivering training to enhance the use of automation and investing in systems to enable the secure exchange of data and safety… Read more »
Under-$50 WTI Oil Price Will Be ‘Short Lived’
The WTI oil price of under $50 per barrel won’t last for long, according to oil and gas analysts at GMP FirstEnergy. “We think the foray below $50 per barrel (WTI) is going to be short lived as it is abundantly clear that the global crude oil market has less supply available now than it… Read more »
