<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>
 

South Africa: Shale gas as an opportunity for economic growth.

South Africa: Shale gas as an opportunity for economic growth.

The full spectrum of new and emerging technologies connected with the unconventional sources of energy give consecutive countries an opportunity to supply their domestic budget. For instance the Republic of South Africa is a state whose government gives the green light to companies looking to explore for shale gas under the semi-desert Karoo basin. Up to now five companies have applied for exploration permission. Among them are Royal Dutch Shell, Falcon Oil & Gas and Bundu Gas & Oil. Most probably, first explorations will have been started by the end of next year.

 “One area of real opportunity for South Africa is the exploration of shale gas”. said South Africa’s finance ministry (Mar 8, 2016). “Exploration activities are scheduled to commence in the next financial year. This will lead to excellent prospects of beneficiation and add value to our mineral wealth”

It is believed that deposit contains around 390 trillion cubic feet of technically recoverable gas reserves. Shell analysts predict that 50 trillion cubic feet can provide about $20 billion to the South Africa economy every year for 25 years.

Furthermore, additional source of financing will stimulate employment market and ensure about 700,000 jobs. Nevertheless, opponents claim that hydraulic fracturing will make an impact on environmental stability and expansion of pollution.

Sources:

www.reuters.com

www.colourbox.com

More offshore jobs in Norway since 2018.

More offshore jobs in Norway since 2018.

Since we have heard the assumptions that the price of oil will improve next year, many experts are announcing their opinions in this field. The Norwegian Oil and Gas Association has also published the report forecasting rise of need for recruitment by 2020.

The new report, conducted by the International Research Institute of Stavanger, says that the workforce will be declining till 2018, when it will bounce from the bottom and rise back to current levels by 2020- necessitating 13,000 new hires, in addition to the openings due to attrition.

“Based on the new figures we can affirm that those who start on a technological education in autumn 2016 are likely to be welcomed with open arms by the oil and gas industry once they have graduated,” said Karl Eirik Schjøtt-Pedersen, the Association’s CEO. On the other hand these are not yet optimistic informations for people currently looking for work or employed, because it shows that 10, 000 more positions will be reduced by 2018.

According to Prime Minister of Norway, Erna Solberg’s, speech the petroleum market is in tough situation now indeed, but exploration of North Sea would be there for three decades more. Solberg also encouraged industry to redouble its efforts to cut carbon emissions in its activities.

Source: http://www.maritime-executive.com

Disrupting ISIS oil network after attacks

Disrupting ISIS oil network after attacks

After the Paris attacks last November, today dozens of innocent people have lost their lives in Brussels; more than 200 are wounded. The city is in pain and mourning and the mass media keep on informing about disrupting ISIS oil network.

The U.S. military is urged to find ways to disrupt the oil production that helps fund the insurgent group ISIS. “In an age where energy is a precious commodity, their energy production not only funds crimes against humanity, but it also forms the means by which would-be ‘states’ like ISIS survive,” Olson (U.S. Rep.) said in a statement. “We must take every measure to cut off ISIS funding at the source.”

In December, the Los Angeles Times reported ISIS now controls approximately two-thirds of oil production in Syria, which analysts estimated at around 35,000 barrels a day. At current market prices, ISIS’s share of that oil is worth more than $900,000 a day.

Well, it’s all great. However, wouldn’t be much more essential to close european borders to refugees or simply and more effectively change immigration policy in order to avoid such situations? Unfortunately, we’re overwhelmed with political correctness and european politicians are willing to accept the immigrants culturally enriching society.

Sources:

www.theguardian.com

www.fuelflix.com

Poland grows in Energy

Poland grows in Energy

    Energy market analysis is complex and multilevel endeavor. What can we say about an energy security in Poland? Is decarbonization of the economy possible? How the amendment to a bill about the monitoring and of controlling the quality of fuels system will have an impact on this sector? Those are just few questions from the debate of the most important representatives of energy sector in Poland. Participants of XXIII Energy Conference EuroPOWER will have opportunity to answer this questions. The meeting takes place 13th and 14th of April 2016 at the Westin Warsaw Hotel. The organizer of the conference is MM Conferences S.A.

Logo_eng

Discussions held during the event relate to the most important changes in the market, analysis of the new trends and allow to search common business models and pursue the most effectively market strategies. The scope of the conference includes also adaption methods to new legal regulations and appropriate response to the dynamic changes on the market. Participation of a wide spectrum of key decision-makers enables a holistic view on energy and its presentation in a broad social context.

  • This conference is always very interesting and though organizers it congregates decision-makers who debate about energy market. Interesting place and time well spent – say Piotr Łuba, Executive Partner of Business Consulting Division of PwC and the Chief of Energy Group PwC in Poland.

The agenda of the conference is co-created by The Advisory Board under the chairmanship of dr. Leszek Juchniewicz. The Board consists of presidents and board members from key energy companies, government, regulator, academia, chambers of commerce representatives, i.a.:

  • Maciej Bando, President of Energy Regulatory Office
  • Tomasz Dąbrowski, Director of the Energy Department, Ministry of Economy
  • Marek Woszczyk, President of the Management Board, PGE
  • Henryk Majchrzak, President of the Management Board, PSE
  • Jean-Andre Barbosa, General Director for CEE, AREVA

During the XXIII edition of EuroPOWER the Grand Gala of Leaders of Energy World will take place. During this personalities, projects and companies that have a positive impact on the development of the industry, promoting environmental protection will be awarded. Competition categories are:

  • Man of the Year
  • Operator of the Year
  • Producer of the Year
  • Trader of the Year
  • Energy Solutions Provider
  • CSR

We invite you to see photo gallery from earlier editions.

More information can be found on the website http://en.konferencjaeuropower.pl

Contact:

Monika Nowak

Junior Project Manager
phone: +48 22 379 29 11
mobile: +48 530 662 013
m.nowak@mmcpolska.pl

SPE Black Gold Symposium

SPE Black Gold Symposium

We have great pleasure to invite you to participate in the SPE BG Symposium for students and young specialists which will take part from 11-13 of May 2016. It will be the second edition, last year we have more than 90 participants from different part of the world: Russia, Kazakhstan, India, Namibia, Zambia, Canada, Nigeria, Tanzania. The SPE BG Symposium will take place in Ufa, Russia .

BG International Forum is a good chance for students to exchange their experience. It is a research, manage, making contacts, soft and hard skills. One of the main aims of the Symposium is sharing knowledge of Petroleum and Oil World through students from different countries and states.

 

Some Events:

Technical Session means an actual lecture from speakers working for one of the top-company. This representative speak about modern technologies, innovations inventing in Petroleum and Gas area. A purpose of Technical Session is getting source knowledge.

Soft Skills Training is focused on the improvement of communicative, management and soft skills which will help students to build their future career.

SPE Round Table is the most important Symposium event. Its aim is exchanging different chapters’ experiences, making contacts between student chapters from Russia and other countries.

“Oil Barrel” – the business game. There is increasing knowledge in untraditional way that leads to better comprehension of information. Another target of “Oil Barrel” is identification the most united team, which is able to work together. This Game will be organized by Kazan Federal University SPE Student Chapter.

Field Trip – (provide by HALLIBURTON company) under the initiative of the Bashkir State University administration, it was suggested to get acquainted with unique natural landmarks of the Republic of Bashkortostan. There are three main areas known as Western, South and Mountain.

🌐 To register, attach your abstract on our website:

📬 npf.geotec.ru/spe/CONGRESS (deadline is 1st of April)

Event is organized by Bashkir State University SPE Student Chapter and Geophysics Department

obyavlenie4(click to enlarge)

North Sea Oil and Gas Industry during the global crisis of low raw materials prices

North Sea Oil and Gas Industry during the global crisis of low raw materials prices

Low oil and gas prices mean a difficult time for the entire industry. North Sea Oil and Gas Industry must find a way to survive the crisis, because the current costs are too high. Analysts say that even 146 oil platforms in the waters of the UK may be scrapped over the next decade.

The solution may be to embrace a new marketplace. Some oil companies are investing in the military industry, creating military equipment for example thermal imaging cameras detecting pipelines.

However, the main objective is to reduce costs and increase efficiency . Some commentators argue that the oil industry does not use its potential , eg. computer hardware and the only way to solve this problem is to restructure .

Another solution sees Mr Ewing, president of Industry Leadership Group (ILG): “While it is clear that the oil and gas industry faces severe challenges from a low global oil price, there are still opportunities that Scotland can capture from new discoveries and through our world-class supply chain.”

Many experts and industry analysts wondering how to solve the current problems associated with the low raw materials prices. There are many ideas that are supported by the government of the UK. The companies bring new technologies into new markets. Let’s hope that these actions will help to survive the crisis.

SHALE WORLD UK 2016

SHALE WORLD UK 2016

Shale World UK

18-19 May 2016

ILEC Conference Centre

London

UK

 

 

Shale World UK 2016 Logo

 

WHERE THE UK’S UNCONVENTIONAL PIONEERS MEET

 

THE UK’S #1 SHALE CONFERENCE & EXHIBITION

 

Shale World UK returns for its 4th year on May 18-19 at London’s ILEC Conference Centre in Earl’s Court. The event is all about business strategy and engagement for the UK shale and onshore oil and gas industry, and is the largest and most highly regarded conference and expo for the sector.

 

Over 400 operators, existing and prospective UK license holders, local and national government, planning authorities, service companies and industry experts will attend, in what will be a pivotal year for the industry.

 

Speakers include:

  •  Tom Pickering, Operations Director, INEOS Shale
  • Stephen Bowler, CEO, IGas Energy
  •  Andrea Leadsom, Minister of State, D.E.C.C. – Department of Energy & Climate Change
  •  Stephen Sanderson, Executive Chairman and CEO, UK Oil & Gas Investments (UKOG)
  •  Graham Dean, Managing Director, Reach Exploration
  •  Averil Macdonald, Chair, UKOOG (UK Onshore Oil & Gas)
  •  Mark Lappin, Director UK-Netherlands E&P Subsurface, Centrica
  • Jim Ellis, CEO, Alberta Energy Regulator
  •  Francis Egan, CEO, Cuadrilla Resources
  •  Colette Cohen, Chair – NCOOG & SVP E&P UK&NL, Centrica

 

**YoungPetro readers save 15% using voucher code “XPQN”**

 

See full details online – http://www.terrapinn.com/shaleuk

 

 

COULD UK SHOW OFF THE LARGEST OFFSHORE WIND FARM SOON?

COULD UK SHOW OFF THE LARGEST OFFSHORE WIND FARM SOON?

    Positive Final Investment Decision for Hornsea One offshore wind farm off the coast of Grimsby in Nothern England was confirmed early February by DONG Energy. That means construction can now go ahead. It will be located 75 miles off the Yorkshire coast and will be capable of powering over 1 million UK homes with a capacity of 1.2 gigawatts. There haven’t been as huge this type undertaking before. The wind farm is going to has the potential to create around 2000 jobs during its construction, with up to 300 additional jobs supported throughout its 20-25 year operational phase. Hornsea One is expected to be fully operational in 2020. Energy Secretary Amber Rudd said: “Dong Energy’s investment shows that we are open for business and is a vote of confidence in the UK and in our plan to tackle the legacy of under-investment and build an energy infrastructure fit for the 21st century. [….] This project means secure, clean energy for the country, jobs and financial security for working people and their families, and more skills and growth boosting the Northern Powerhouse.”

Hornsea-FID-map

sources: hornseaprojectone.co.ukgov.uk

South Korea: A new chapter in the economic relations with Iran.

South Korea: A new chapter in the economic relations with Iran.

The lifting of nuclear-related sanctions on Iran allows this country to tighten international economic relations, especially with Asian countries. South Korea wants to increase imports of Iranian oil, mostly condensate, in order to overcome growing internal demand and ensure better conditions (lower prices) in comparison to Qatars’ one.

 “We will increase oil and natural gas (liquids) imports from Iran, especially Iranian condensate,” said South Korea’s trade and energy ministry (Mar 1, 2016).

Currently, South Korea is one of the largest importer of crude and a big buyer of condensate. Their industry uses a super light oil for production of fuels and petrochemicals. Iran is providing about 100, 000 barrels of oil a day to South Korea and executives predict to double that amount by the end of 2016.

Both countries plan to establish efficient payment systems to simplify trade of crude and condensate. Contract will be concluded between National Iranian Oil Company and South Korea’s SK Energy.

A new partnership in the economic relations among Iran and South Korea is essential for them. Financial contracts may generate workplaces, accelerate development of the chemical sector and additionally wipe out bad appearance of Iran as isolated and fundamentalist state.

Sources:

http://www.reuters.com/article/us-southkorea-iran-oil-idUSKCN0W40P8

http://www.windows10update.com/wp-content/uploads/2015/10/flag_south_korea.jpg

Crisis goes on

Crisis goes on

Crisis in oil and gas industry goes on and thus energy firms keep on downsizing production instead of investing in drilling new wells. Interestingly, it is 10th week in a row when U.S. producers cut oil rigs. Drillers from Baker Hughes removed 13 rigs in the week ended Feb. 26, bringing the total rig count down to 400. That compares with 986 oil rigs operating in same week a year ago.

Eagle Ford might be another example of negative low crude price influence on making profit. So far this year, drillers have sidelined 29 rigs. Oil production from U.S. shale fields, including the Eagle Ford, is expected to keep dropping this year, which should take some pressure off of storage.

Sometimes downsizing production is not enough and cutting jobs is essential to survive on the market. Halliburton is about to lay off another 5000 workers which equals about 8 percent of its workforce.

Well, it is just business… Owners of oil companies are forced to make hard decisions in order to avoid a collapse. But surely this will not last forever when production is unprofitable for many.

Sources:

http://www.rigzone.com/news/oil_gas/a/143259/Baker_Hughes_US_Oil_Drillers_Cut_Rigs_For_10th_Week_In_A_Row

http://fuelfix.com/blog/2016/02/26/eagle-ford-rig-count-down-70-percent-in-the-last-year/

http://fuelfix.com/blog/2016/02/25/halliburton-cutting-5000-more-jobs-worldwide/#36089101=12