<a href="http://youngpetro.org/2013/03/06/how-is-it-possible-to-produce-oil-from-sand/"><b>How is it possible to produce oil from sand?</b></a> <a href="http://youngpetro.org/2011/10/09/people-engineers-and-spe-members/"><b>People, Engineers and SPE Members</b></a> <a href="http://youngpetro.org/2012/12/19/if-i-were-a-prime-minister/"><b>If I Were a Prime Minister…</b></a> <a href="http://youngpetro.org/2012/12/26/polish-shales-delayed/"><b>Polish shales delayed?</b></a> <a href="http://youngpetro.org/2013/01/11/russia-continues-the-policy-of-states-companies-monopoly/"><b>Russia continues the policy of state companies’ monopoly</b></a>
 

26th World Gas Conference set to tackle urgent energy challenges

26th World Gas Conference set to tackle urgent energy challenges

IGU President Jérôme Ferrier officially invites delegates to agenda setting event

27th March, 2015: With thousands of delegates already registered to attend, the 26th World Gas Conference is shaping up to be a pivotal event for the energy sector in 2015. As one of the industry’s most important gatherings, the event has already attracted participation from more than 100 countries and 600 organisations, with delegates representing technical, engineering, strategic and commercial disciplines.

The conference will address the major gas industry challenges facing the world today, including sustainability of supply, the role of gas as a transition fuel, the development and application of new technologies, and progress towards a comprehensive global energy mix. In the run-up to the event, IGU President Jérôme Ferrier has been touring the world, including visits to Indonesia, South Korea, Japan, Qatar and the United Arab Emirates, to discuss these core issues with senior politicians and industry leaders. Their insight and expertise will feed directly into conference discussions and debates.

The triennial event has already generated a significant amount of research and innovation, with a record number of abstracts received (more than doubling those gathered for the 2012 World Gas Conference). Delegates will be invited to take advantage of the sheer wealth of experience available from industry leaders and innovators, and will gain a comprehensive understanding of key industry issues, new solutions, the assessment of risks and opportunities, and business strategies that will stimulate growth in their respective companies and countries.

With the economics of hydrocarbon exploration and production continuing to dominate the performance of global markets, the World Gas Conference will be the forum for a dynamic and wideranging debate about the industry’s short-term prospects and long-term future. Delegates will be able to interact directly with key decision-makers in the industry, and have the opportunity to contribute to the discussion.

More than 435 speakers have already been confirmed to date, and the conference programme continues to develop to ensure that it addresses the industry’s most pressing issues. Confirmed speakers include Patrick Pouyanné, Chief Executive Officer, Total SA; Gérard Mestrallet, Chairman and CEO of GDF Suez; Sheikh Khalid Khalifa Al Thani, Chief Executive Officer, Qatargas; John S. Watson, Chairman of the Board, Chevron Corporation; Ben Van Beurden, Chief Executive Officer, Royal Dutch Shell plc; and Hamad Rashid Al Mohannadi, Chief Executive Officer, RasGas Company Limited.

The event will set in context the industry’s challenges and opportunities in the global energy mix while also addressing wider social and economic development issues. This is especially important given the increasing demand for cleaner energy and the crucial importance of natural gas not only as a transition fuel but the foundation for stable, long-term energy security.

Jérôme Ferrier, President of the IGU, said:
“The energy industry is already shaping the political and economic agenda for 2015 across the world. The 26th World Gas conference represents a rare opportunity for the global sector leadership to set out its ambitions for the gas industry and, more crucially, the role it can play in meeting the world’s most urgent development issues amid extraordinary energy market turbulence. The breadth and depth of the programme and the range of prestigious speakers reflects the significance of this event both for the industry and the energy sector more widely.

“COP21 will potentially be the most important climate negotiations since Kyoto. Establishing the role that gas can play as a foundation for a more balanced and, ultimately, lower carbon global economy could therefore not have greater urgency. Natural gas can increase energy market stability, reduce CO2 emissions and enhance the sustainability of supplies for communities around the world. But achieving this requires investment, innovation and public support. In 2015, through the World Gas Conference and COP 21, we have the opportunity to make progress against all of these crucial objectives.”

Daniel Paccoud, IGU National Organising Committee Chairman, said:
“The dynamic and resilient city of Paris is a highly appropriate venue for discussions on the future of gas, and of world energy. Here our visitors from across the globe will see practical demonstrations of tomorrow’s energy today, with showcase cutting-edge technological and commercial advances, a dedicated pavilion on Natural Gas for Transportation, and live product demonstrations and launches.”

The conference will feature discussions and debates on some of the most pressing issues and solutions within the gas industry today, including:

  • Natural gas as a core pillar for a sustainable future of the planet
  • Gas, renewables and electricity
  • Natural gas as a growth factor for new economies
  • Human Capital for the future of the gas industry

Sponsors of this prestigious event include Total SA, GDF Suez, Qatar Gas, Shell, RasGas, Kogas, Exxon Mobil and Chevron.

With a comprehensive 45,000 m2 exhibition space, the 26th World Gas Conference will showcase exhibitors and sponsors from across the industry, bringing together the latest technologies, industry solutions and lessons learned from tried and tested practices.

Bookings can be made on the official event website www.wgc2015.org.

Media Enquiries:

World Gas Conference 2015 International
Jamie Robertson
Tel: +44 (0)20 3727 1444
Email: Jamie.Robertson@fticonsulting.com


Caroline Cutler
Tel: +44 (0)20 3727 1424
Email: Caroline.Cutler@fticonsulting.com

Impact of conflict in Yemen

Impact of conflict in Yemen

   Oil market has significant feature – it can be immediately influenced by current political situation. Let’s focus on recent incidents in Yemen – oil prices spiked in early European trading on Thursday after news that Saudi Arabia had bombed targets in Yemen. The price of West Texas intermediate crude, the main American benchmark, rose about 4.5 percent in morning trading, while Brent crude, the widely used international reference, rose about 4 percent. In early afternoon trading in New York, the West Texas benchmark was up 4.5 percent on the day, to $51.40, and Brent crude was up 4.9 percent, to $59.27.

   Yemen, with production of an 130 000 barrels a day, is only 39th producer in the world. The main issue is Yemen’s location on the Bab el-Mandeb Strait, a narrow choke point between Yemen and Africa through which tankers and other ships pass as they head around the Arabian Peninsula and up the Red Sea toward the Suez Canal. Bab el-Mandeb is the fourth biggest shipping chokepoint in the world by volume. 3.8 million barrels of oil and petrol passes by it per day from Europe to north Africa. Moreover, Yemen shares a long border with Saudi Arabia, the world’s  biggest exporter of crude oil. So, as you can see, it is small but laid in strategic area country.

mapka1

   Fighting in Yemen is mainly between the forces loyal to Sunni president Abd Rabbuh Mansur Hadi and the group of rebels from the north known as Houthis – military Shia fighters. Another entirely separated militant group operating in Yemen are Sunni Muslim extremists who pledge allegiance to al-Qaeda. They are fighting against the government and the Houthi rebels and they have taken control of the large parts of the country.

mapka wplyw

   Will the fights disrupt the flow? If so, ships would take a longer journey around the Africa. Somalian pirates have been operating actually in these waters for many years. Oil tankers in that region have a lot of weapons and are armed against those pirates so it might not be as big of an issue. It would add though about some dollars of additional transport cost and an extra ten days to get that oil to the north.

   Thousands of barrels of oil from Yemen aren’t enough to disrupt the market but millions from Saudi Arabia would be a different matter. Those who control Yemen could control the movement of oil around the globe. It’s a complicated fight that the rest of the world and the oil markets are watching closely.

Sources: www.bloomberg.com www.nytimes.com

Annual Meeting of European Gosciences Students Network

Annual Meeting of European Gosciences Students Network

When: 3-9 August 2015

Where: Zalesie, near Stryszów, Poland

Pre-registration: 30th April 2015

Contact: http://europeangeosciencestude.apps-1and1.net/contact/ 

Website: http://www.eugen-ev.de/ 

eugen-1.1-plakat-1400x933_do_internetu

 

What is EUGEN?

EUGEN is the abbreviation for the ‘EUropean GEosciences students Network’. The main goal of the EUGEN association is to organize annual meetings in Europe for geoscience students from all over the world.

Eugen 2015 will take place in wonderful place called Lesser Poland. It is a region which is mostly built of  flysch- so you will be in the very heart of Outer Carpathian Mountains.

What do we do at an EUGEN-meeting?

The EUGEN meeting takes place in the first week of August and last a whole week. The program usually contains three days of geological fieldtrips, organized by the local hosts (students of geology) in league with their university professors and/or national geological survey.

 

TANAP Pipeline project formally opened with grand ceremony

TANAP Pipeline project formally opened with grand ceremony

On March 17th Turkish President Recep Tayyip Erdogan, Azeri President Ilham Aliyev and Georgian President Giorgi Margvelashvili gathered in Kars, Turkey to officially inaugurate works and lay foundations for the TANAP Pipeline.

The Trans-Anatolian Natural Gas Pipeline (TANAP) is a massive 1850 kilometer project – a substantial part of Southern Gas Corridor which will connect Caspian and Middle East Regions to European recipients.

TANAP is expected to start operating  from June 2018, costing 12 billion dollars. It will deliver shipments from giant Shah Deniz offshore gas field in Azerbaijan to Turkish western border. The initial capacity of the pipeline is 16 BCM per year. Turkey will buy 6 BCM and the rest will continue on to Europe via Trans-Adriatic Pipeline from 2020. By 2023 TANAP capacity will rise to 23 BCM per year and by 2026 to 31 BCM per year.

The project is of strategic importance for entire region. “TANAP has a special importance because of its route and its goal and is not an alternative project to others and there is not an alternative to it. TANAP will link Europe with Caspian by the help of Southern Gas Corridor,” said Turkish President Recep Tayyip Erdogan. “We plan to establish Turkey as the energy distribution hub of the region.”
It will as well introduce Azerbaijan to European markets.

Southern Gas Corridor is a vital part of European Energy Strategy. In the rear of abandoning South Stream Project by Russian officials, EU continue to seek transport alternatives other than Ukraine – which is occupied by conflict. TANAP will secure continous gas imports to Central and Southern Europe and will add a milestone to decreasing European fuel dependency on Russia.  “We are ready to support and help to realise the TANAP project” said Maroš Šefčovič, the European Commission’s Vice President in charge of the Energy Union, present at the ceremony in Kars.

Moreover, last November, Turkey and Turkmenistan officials signed an agreement to attach Turkmen gas to TANAP.  Citing U.S. Energy Information Administration, Turkmenistan is the sixth largest natural gas reserve holder in the world but it is lacking sufficient pipeline infrastructure to export greater volumes of hydrocarbons. To join TANAP, it would require Turkmenistan to construct pipeline across the Caspian Sea. This initiative is opposed by Russia, which expresses ecological concern.

In the agreement recently signed, Turkey’s national pipeline operator BOTAŞ will take a 30% stake in TANAP, while SOCAR holds 58% and BP 12%.

Sources: naturalgaseurope.com; woodmac.com; inzynieria.com; eia.gov
Image: oilandgastechnology.net

Engineering Job Fair by BEST AGH in Cracow

Engineering Job Fair by BEST AGH in Cracow

When: 25-26 March 2015

Where: TS Wisla Hall, 22 Reymonta Street 

Website: http://itp.best.krakow.pl/20155/en/

We would like to invite you for a participation in Engineering Job Fair (Inżynierskie Targi Pracy) in Cracow.

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Engineering Job Fair is the main project organised by the BEST AGH Kraków Students Associacion (Board of European Students of Technology).
The biggest advantage of the Engineering Job Fair is the possibility of meeting representats of various lines of business all in one place at one time. It is a chance to acquaint students and graduates of Cracovian Univeristies with a wide range of job offers, internships and training periods that are provided by the labour market. The Engineering Job Fair is a perfect opportunity to get to know what the employers do expect from their employees, what ways of development are generated by a specific company and also what additional qualifications are recommended to be gained in order to become a better employee.
The information you can get directly from the employers can facilitate future employees making a decision regarding their own career path. During the Engineering Job Fair a candidate is given a chance of asking questions of his concern and presenting himself to the potencial employer.
The Engineering Job Fair is a way of increasing self-awarness among young people concerning their future and both their strenghts and fields of interest. As for many it is the first serious contact with an employer, the Engineering Job Fair seems to be the initial step towards a career.”

 

An Albanian Success Story , Bankers Petroleum Ltd. and Patos – Marinza oilfield.

An Albanian Success Story , Bankers Petroleum Ltd.  and Patos – Marinza oilfield.

The Patos-Marinza field is located east of the city of Fier in south central Albania. This 44,000-acre heavy oil field is the largest onshore oil field in continental Europe holding approximately 7.7 billion barrels of original oil in place. It was discovered in 1928 by APOC ( Anglo Persian Oil Co.) and the production began  in 1939. The field has been operated by a large number of state and private companies until it was given in 2004 to Bankers Petroleum Ltd. a Canadian based oil company. Bankers operates and has the full rights to develop the Patos-Marinza heavy oilfield  pursuant to 25 year license agreements with the Albanian National Agency for Natural Resources (AKBN) and a Petroleum Agreement with Albpetrol Sh.A (Albpetrol), the state owned oil and gas corporation.

albania-map

Ten years have passed since Bankers started developing the field and many changes have occurred. When they brought their team of experts and new technologies the field was quasi abandoned due to lack of investments and proper management. Production at that time was 400 barrels per day but with persistence, international expertise and latest technology, production in the first year increased up to 6,000 BOPD. This came as a result of reactivation of legacy vertical wells, by replacing pumpjacks with progressing cavity pumps systems and foamy oil production. Many companies would be satisfied with this level of production, but this wasn’t the case for Bankers. They had bigger plans for development by pioneering new methods of extraction in Albania. Starting a horizontal drilling program for first time, they made a difference in Albanian oil sector. All these technological implementation were preceded by a successful enhanced oil recovery program using polymer and water flood. Today production is over 20 000 BOPD  and has a trend of sustainable annual growth of 10% to 15 % .

albanian-oil-site-worker_1

Reserves and Financial Overview Bankers Petroleum reported proved reserves (1P) of 147 million barrels of oil, and proved plus probable (2P) reserves of 232 million barrels of oil, an increase of 5% and 3% respectively, in 2013.Bankers Petroleum is the biggest foreign investor in Albania with 1.4 $ Billion invested since 2004.Over the past 10 years that Bankers has operated in Albania, the Company has paid approximately $390 million in Royalty Tax payments to the Government of Albania, $86 million in 2014 alone.

oil facility Bankers

Environmental impact. Absence of environmental policies and use of old technology for 75 years had left Patos –Marinza field in a polluted environment with oil contamination surrounding wells. Clean up of more than 6000 leases, application of eco friendly techniques including “zero tolerance” on methane emissions, eco pits and sludge treatment facilities have cost more than $ 20 million. All these investments have rehabilitated the environment and have improved life quality of citizens living in nearby areas.

Patos - Marinza

source: www.bankerspetroleum.com

www.ogj.com

oilandgas-investments.com

www.rigzone.com

www.nasdaq.com

image source : www.bankerspetroleum.com

12th International Youth Oil and Gas Forum Almaty

12th International Youth Oil and Gas Forum Almaty

When: 17-18 April 2015

Where: Kazakh National Technical University, Almaty, Kazakhstan

Submission deadline: 15th March 2015

E-mail: kntu.forum2015@gmail.com

Website: http://www.kntu-spe.kz/ (Russian)

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We would like to propose you a participation in 12th International Youth Oil and Gas Forum. The event will be held from 17th to the 18th of April 2015 at Kazakh National Technical University in Almaty, Kazakhstan and it is organized by KNTU SPE Student Chapter.

The previous edition consist of: student science – paper contest, technical seminar, exhibition of petroleum equipment, International Intellectual Game, Engineer Game, panel discussion with participation of petroleum industry professionals and students and petroleum party.

You can gain more information by e-mail: kntu.forum2015@gmail.com

 

BG International Forum For Students

BG International Forum For Students

BG International Forum For Students
Where: UFA, Russia
When: 11-13 May 2015
website: http://www.npf.geotec.ru/spe/FORUM.html10855024_10200165594018667_6246901465824707086_o