<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>
 

ASEC 2016

ASEC 2016

   The Faculty of Mining, Geology and Petroleum Engineering, together with the University of Zagreb SPE Student Chapter was host to The 3rd Annual Student Energy Conference, held from March 9th to 12th, 2016. The extensive Conference program was divided into three days of lectures and trainings held by students and distinguished guests from Croatia and several other countries. The fourth day of the program was reserved for establishing connections and building new friendships among students through team building activities.

   On the day of the opening ceremony, the introductory speech was given by the President of SPE Student Chapter Croatia, Mr. Mario Jukic. Also, a warm welcome to all participants was wished by the former Chapter’s President, Mr. Filip Krunic, the Faculty’s dean, Mr. Zoran Nakic and the President of SPE Croatian Section, Mr. Vladislav Brkic. The opening Ceremony was embelished by the SPE Student Chapter’s Men Choir which performed several traditional Croatian ballads. The choir’s performance was met by great enthusiasm and applause from the audience.

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The opening ceremony was followed by, according to students’ opinion, the most interesting part of Conference program, which was panel discussion on the topic “Exploration activities in Adriatic Sea, Yes or No?”. The discussion was encouraged by topics ranging from geophysical explorations, drilling activities, field development, production optimization issues, transportation and gathering and HSE topics to geopolitical analysis on current situation in oil and gas industry. Along with these topics, the Conference welcomed presenters with topics on Geothermal Energy Recovery as an alternative and ecologically provable energy source, CO2 underground storage developments, problems which may be encountered in oil transportation pipeline systems, the Croatian LNG project stages and much more. What is more, the workshop section took place in the Faculty’s Computer Lab using the world known ECLIPSE and PROSPER software packages, where students had an opportunity to run through typical field examples.

 More than 360 participants attended the Conference, with over 50 foreign participants (Padjadjaran University from Indonesia, Gubkin Russian State University of Oil and Gas from Russia, National Mineral Resources University from Russia, AGH University of Science and Technology from Poland, University of Miskolc from Hungary, Ivano-Frankivsk National Technical University Of Oil and Gas from Ukraine, Mining University of Leoben from Austria and Technical University of Berlin from Germany). Next to excellent student presentations, forty distinguished lecturers from the industry, two Zagreb Faculties and foreign Universities also held their presentations, shared stories from their extensive experience and encouraged students not to give up on their studies in this harsh period for the industry.

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 The Conference was held under the high patronage of the President of the Republic of Croatia, Mrs. Kolinda Grabar-Kitarovic and Mayor of Zagreb, Mr. Milan Bandic. The organization of the Conference was financially supported by the Faculty of Mining, Geology and Petroleum Engineering, SPE Croatian Section, INA d.d., Croatian Hydrocarbon Energy, PSP Okoli d.o.o., PPD d.o.o.. Mreza TV and YoungPetro were Media patrons of the Conference.

The fourth edition of this successful Conference will be held in March 2017 in Croatia. More information will be available on our web page: http://spes.rgn.hr/ and Facebook page: https://www.facebook.com/SPEZG. See you all in Croatia in a while!

Irena Mijatovic, Ivan Bosnjak
SPE.ZG

BP delivered a massive jobs boost.

BP delivered a massive jobs boost.

Today BP has announced a commitment to stay at the North Sea for the next 40 years.  The installation of the modules for its Clair Ridge platform and the imminent arrival of the storage vessel Glen Lyon has been hailed as a “once in lifetime” double win for the region. Thanks to that investment they will be able to hire more than 500 people and exploit over one billion barrels of oil.

Since O&G sector is now going through hard time according to plummeting oil prices and driven down by reducing the employment, such information is a good sign that the industy will recover. More than 65,000 jobs have gone with more redundancies in the pipeline across the sector due to numerous projects being put on hold. Operators have slashed costs as profit margins have dropped significantly over the past two years.

In reference to Mr. Ian Wood’s opinion industry will recover in 5 years. The new jobs are linked to the hook-up and commissioning of the two projects with the work expected to last 18 months.

Source: http://www.oilandgaspeople.com

South Asia Geosciences Student Conference 2016

South Asia Geosciences Student Conference 2016

South Asia Geosciences Student Conference (SAGSC) is an International Geosciences student conference held by Society of Exploration Geophysics (SEG). It is the second event of its kind in South Asia and SEG UGM-SC is trusted to be the host for this event. SAGSC 2016 will be held at Yogyakarta Special Region, Indonesia. The event is managed to provide various technical and non-technical activities in the 4-Days conference. There will be Grand Ceremony, Exhibition, Lecture, Conference, Competition, Geo Bowl, Field Trip and City Tour.

Coming Soon Poster_SAGSC 2106

This event is widely open for geoscience students who want to focus on crossing the boundaries between all the geoscience branches such as Oil&Gas, Geophysics, Near-Surface, and general Geology so they are able to share and furnish their ideas and curiosity while interacting with the experts, sharing knowledge, making relations also network, and many more. The SAGSC 2016 will consist of many extraordinary research topics within a very interesting student environment which enable students to carry out mutually beneficial work.

see more at:  http://www.sagsc2016.ugm.ac.id

Platform in Niger Delta attacked by local militians

Platform in Niger Delta attacked by local militians

A newly formed group calling itself the Niger Delta Avengers attacked a Chevron’s Okan offshore facility on May 4th at 11 PM.

“Okan offshore facility in the Western Niger Delta region was breached by unknown persons.” – said Chevron in a statement to Reuters

Assault led to a spill and US company was forced to shut the facility. In Friday Chevron said that 35,000 barrels a day of its own net production was affected. Okan offshore platform feeds crude and gas into the massive Escravos export facility, which is also owned by Chevron and Nigeria National Petroleum Corporation.
Fortunately no one was hurt during the invasion. A spokesman for the Nigerian Navy said the attackers used dynamite to damage the platform and that they attacked an oil and gas collection point of the area.
According to Bloomberg Nigeria is producing oil at its lowest levels in two decades. For the first time since 1994 production is below 1.7 million barrels per day. Country’s economy is struggling the downtrend in energy prices and attacks in the north by the Islamists.
Attacks on the pipelines and violence rose in Delta when authorities issued an arrest warrant for Tompolo (Niger Delta ex-militiant leader – Government Ekpemupolo), who said:

“The President should allow people of the Niger Delta Region to know peace, otherwise he will not know peace as well.”

Niger Delta Avengers has already announced another attacks. What is really worrying is that this region will continue to be very dangerous for next year or maybe even longer. The country that was Africa’s biggest crude producer is slipping back into chaos.

Read more:

http://www.ft.com/intl/cms/s/0/001fabc6-13af-11e6-91da-096d89bd2173.html

http://www.maritime-executive.com/article/chevron-platform-in-niger-delta-attacked

http://www.bloomberg.com/news/articles/2016-05-09/oil-union-says-workers-evacuated-as-niger-delta-security-worsens

Obtain a new equipment

Obtain a new equipment

There was a time, and not so long ago when a small oil companies in southern Texas had to send their employees for hundreds of kilometers to do a tour of the oil fields and check whether the machines are working properly. To notice a fault, it took a day or more and to fix it it could last a week or so. You can only imagine losses for the company then. Fortunately, we have 2016 and companies like Welder Exploration & Production don’t have to worry anymore about not knowing about what is state of their devices.

 

Today, it takes just seconds for Welder to learn that one of his company’s wells has gone down. That’s because in 2013, Welder Exploration became one of the first oil producers to sign on with WellAware, a tech startup that kits out clients’ oil and gas wells with hardware that transmits real-time data over its own radio network. Clients can access the information on a smartphone or tablet using WellAware’s mobile app or through a Web browser. Customers pay $15 to $100 a month per well, depending on the level of service and equipment.

Without a doubt U.S is highly advanced in drilling technology, this was the basis of the shale boom. However much of the oil industry lags far behind when it comes to technology above-ground. Now, when the industry is more focused on cost-cutting and optimization of production in existing deposits than search for new, digitizing operations has become much more appealing.

Dave Milam, head of product management at WellAware, says that the beginnings were not easy: “People used to tell me, ‘If you can’t help us find more oil and drill faster, I don’t have time to talk to you,’ ”. WellAware was founded 2012 and has raised $61 million in venture capital and counts billionaire Carlos Slim as an investor. The privately held company doesn’t report financial results, but Milam says its roster of customers has grown tenfold in the past year.

In a report released in March, McKinsey estimates that each of the world’s oil majors could reap $1 billion in cost savings and production increases from the adoption of digital technologies. In California, Chevron is using the latest technologies like drones, which are popular in Oil and Gas industry according to what we reported a few months ago.

Technological advances now allow for a very large savings in the industry and more accurate data collection with instant collecting them and sending for analysis. According to the speech of Ahmed Hashmi, global head of upstream technology at BP, the company has plowed “several hundred million dollars” into digital field technologies, which now cover about 85 percent of its oil and gas production around the world, compared with just 20 percent five years ago. “Digital is the rare technology that allows us to do more with less,” he said.

Despite the many advantages of technological advances in the industry are still many traditionalists attached to the old, proven technologies. To convince them to new solutions companies such as Bluetick, a North Carolina company that offers remote monitoring and automation services for oil and gas companies, shows how much save their competitors and that convince them.

source Bloomberg