There is a quiet but confident sense of growing optimism about prospects for the oil and gas market. The industry is now a far cry from 2015鈥檚 oil price crash that led to widespread decommissioning and lay-offs. Whilst operators are still facing volatile markets鈥
It鈥檚 official. The North Sea rim is hiring again 鈥 in numbers.The independents, the supermajors, Oslo鈥檚 national oil champion and the supply chain are hiring 20-something鈥檚 looking for 鈥渄ream jobs鈥. The oil minnows (super-experienced oil players with skeleton staffs) are also hiring all they need鈥
The collapse of the regime of former Sudanese President Omar al-Bashir is likely to jolt the country's oil sector and could leave in disarray earlier approved plans to open up the country's offshore blocks in the Red Sea basin for exploration鈥
North Sea oil and gas operators are failing to make the most from their existing well stocks, with some 30% (600) shut-in and 33 million barrels of oil equivalent (boe) lost due to well losses 鈥 the equivalent of a new west of Shetland field鈥
Rising oil prices are proving the fountain of youth for aging rig fleets, and the resultant surge in rig relevance is stirring financiers to find new ways of hanging on to rig revenues.There鈥檚 no better example of the new finance fondness for鈥
Oil and gas organizations have significantly improved safety over the years, and evaluating a company鈥檚 safety culture can identify areas for further gains. But culture is hard to measure and even more difficult to change.Over the past 10 years鈥
The ongoing political turmoil in Algeria threatens to delay even further the planned offshore oil and gas exploration projects that the country is betting on to reverse the declining oil and gas output especially from maturing onshore fields鈥
Global subsea Xmas tree orders took a major hit through the downturn. But, manufacturers are doing their bit to reduce cost and new generation trees are soon to leave factories, as 云顶赌场老虎机 Engineer found out during a tour of Aker Solutions鈥 Tranby facility鈥
A recent industry survey suggests Norway鈥檚 offshore fleet, the world鈥檚 second-largest, may have passed the worst of the painful, post-2014 slowdown, although ship owners contemplating market moves also say financial markets may be looking away鈥
In times of oil price volatility, operators can take certain actions to reorient their businesses, generate sustainable value and reignite investor interest.According to the 鈥淣ew horizons: Strategic choices for upstream oil and gas companies鈥
Any analysis of markets for offshore service vessels (OSV) usually begins with analogies to rough weather, best of times/worst of times or similar. OSV expert Seabrokers, with a home base in Stavanger, Norway, in the February edition of its鈥
With stabilizing oil prices and lower breakeven points, interest in the US offshore is increasing.Randall Luthi, president of National Ocean Industries Association (NOIA), said the interest extends well beyond the existing regions open for oil鈥
Equatorial Guinea, one of Africa's top natural gas producers, is struggling with the reality of dwindling oil and gas resources and the hurdle of attracting financing for the monetization of the current output from its offshore fields.The country鈥
Based on geological studies that point to great potential for ultra-deepwater pre-salt oil reserves beyond its exclusive economic zone (EEZ), the Brazilian government is considering offering for the first-time exploratory blocks beyond the limits鈥
A 10-year build-up of supermajor, offshore-heavyweight and expert onshore hydrocarbon players in Tanzania and Mozambique鈥檚 Rovuma Basin is starting to produce a trickle of large supplier orders that鈥檚 expected to become a torrent, as liquefied natural gas (LNG) trains line up鈥
