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Oil & Gas Review (Middle East)

New data management application to aid upstream businesses

rig-Ora Accenture and SAP have launched a new data management application for oil and gas companies to help them manage upstream businesses

Egypt signs first gas fracking contract with Apache and Shell

gas egypt Egypt has signed its first contract with Apache and Shell Egpyt to extract gas by fracking by investing US$30mn to US$40mn in order to boost output and ease a lingering energy crunch in the North African country

Lamprell delivers third jack-up rig to NDC in UAE

Lamprell-NDC Provider of fabrication, engineering and contracting services to oil and gas industry Lamprell has announced that it has completed the construction of a further jackup drilling rig Shuwehat for Abu Dhabi’s National Drilling Company (NDC) and delivered it to the company

Big data is the new drilling tool for Shell

shell2 Shell has announced that it uses big data to predict in real-time the success of drilling operations and get more oil or gas out of new and existing wells

Small businesses can improve production portfolio using data analytics

Shale-oil Small companies could add value to their current production portfolio by applying data analytics to their existing assets, said US-based oil and gas intelligence service provider Drillinginfo

Latest Activity

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Water Services Manager, Scotland, Falkirk, Grangemouth

My client is a leading provider of sustainable water and utility solutions for industrial customers and is seeking a Water Services Manager to be based in Grangemouth. The Water Services Manager is See More
yesterday
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Senior Reservoir Simulation Engineer - Netherlands, Netherlands

Spencer Ogden are the preferred recruitment partner for the worlds fastest growing subsurface consultancy has a fantastic role for a Reservoir Simulation Engineer to join their established team inThe See More
yesterday
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Project Manager - Fire and Gas, Scotland, Aberdeen

Progressive GE are currently recruiting a Project Manager to work a permanent role in Aberdeen. My client is a specialist integrated safety engineering service company to the oil and gas industry. T See More
yesterday
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Welding Engineer, England, County Durham

Position : Welding Engineer Location: Teeside Salary: Competitive + Benefits Our client is a leading provider of specialist fabrication solutions to the Oil & Gas, Nuclear, Marine and Defence industr See More
yesterday

Blog Posts

Oil price fall threatens $1tn of World Oil Projects... (Ft.com)

Full Article on FT.com





Almost $1tn of spending on future oil projects is at risk after a brutal plunge in crude prices to nearly $60 a barrel, Goldman Sachs has warned.



Any cancellation of these developments would deprive the world of 7.5m barrels a day of new output over the coming decade — or 8 per cent of current global oil demand.

Full Article on FT.com

The findings suggest the supply glut that has sent prices tumbling could soon vanish as the oil majors delay big-ticket production projects — the lifeblood of future petrol supplies, heating fuels and chemicals.



Brent, the international benchmark, has fallen more than 45 per cent since mid-June amid surging US shale production, strong supply from the Opec cartel and weak oil demand in Europe and Asia.



The price plunge has shaken the energy industry, throwing some of the majors’ most ambitious plans into doubt and pummelling oil company shares. Projects in challenging frontier regions like the deep waters of the Gulf of Mexico are predicated on high oil prices and may not be economic with oil at $60 a barrel — the level Brent was trading at on Monday afternoon.



Goldman has examined 400 oil and gasfields around the world, many of which are still awaiting a final investment…

Continue

Posted by Brian Simpson on December 15, 2014 at 19:30

BP expects $1bn job cuts charge... (Ft.com)

BP is preparing to shed several thousand jobs across the group under a sweeping cost-cutting programme that will lead to $1bn in restructuring charges over the coming year as it responds to sharply tumbling oil prices.

Full Article on FT.com

Posted by Brian Simpson on December 10, 2014 at 7:00

Libya : Oil & Financial Chaos...

Rival central bank governors vie for control of Libya’s oil earnings!









The divisions opened up by Libya’s civil war have left it not only with two governments fighting for power but also with rival central bank governors — paving the way for a potential struggle over control of oil revenue and foreign currency reserves.



The central bank in Tripoli is run by Saddek Omar El-Kaber, even though he was sacked as governor in September by the internationally recognised parliament, which has since fled to Tubruq in the country’s east.
Full Article - FT.com

Mr El-Kaber, who is fighting his dismissal in the courts, has continued to disburse state salaries and subsidies across Libya but has blocked other spending from the budget that was agreed before the government split.





The Tubruq parliament has appointed Ali Hibri, the former deputy bank governor, to replace Mr El-Kaber, but Mr Hibri has no access to national financial assets, which are still managed in Tripoli, the capital.



Rival claims over national institutions, taking place against a backdrop of fighting across the country, threaten to push the country to the brink of breaking up.



“It is very difficult for the government [in the east] because there are no funds,” said Abdul Salam Nasiya, the head of the Tubruq parliament’s financial committee. “We can’t go on like this next year, when we will have to have a new budget. Hibri has promised parliament he will take steps to transfer the accounts.” …

Continue

Posted by Brian Simpson on December 8, 2014 at 12:30

UN makes $6.5 billion appeal for Syria...

Posted by Brian Simpson on December 2, 2014 at 18:30

The Real Reason For Cheap Oil and Gas... ?













Posted by Brian Simpson on November 25, 2014 at 11:04

Oil Rigs Drilling in Australia...









Posted by Brian Simpson on November 13, 2014 at 11:24

Africa : Tanzania Oil and Gas...







Last year a major gas field was discovered in Tanzania - estimated to hold enough natural gas to meet the country's growing needs for the next one hundred years. A one billion dollar pipeline is being built to bring the gas from Mtwara in the south to the economic hub Dar Es Salaam. And this week an auction for the gas blocks has been taking place, as Tulanana Bohela reports from Dar Es Salaam. and Mtwara

Posted by Brian Simpson on November 10, 2014 at 11:52

Offshore Rig Platforms in Mexico...









Posted by Brian Simpson on August 21, 2014 at 10:30

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Upstream Online

Brent surges, closing above $61

Oil closed up as much as 5% on Friday, its biggest gain in over two years, as some traders took profits on short positions after prices this week hit their lowest since 2009.

Cuba's new era could extend to oil

A historic rapprochement between the presidents of US and Cuba this week could help pave the way for renewed interest in the island nation’s nascent oil sector, sources tell Upstream.

Canada slaps sanctions on Russia industry

Canada announced new sanctions against Russia on Friday, including additional restrictions on the export of technology used in the oil and gas industry, saying it was important to speak truth to power.

US loses 18 rigs amid crude drop

The count of rigs drilling for oil and gas in the US was down by 18 this week to 1875 as the industry saw oil prices extend their rout.

Colombia's FARC declares ceasefire

Colombia on Thursday welcomed an offer by Marxist rebels for a ceasefire but rejected their demand for independent monitoring, putting the plan to stop hostilities on uncertain ground hours before it was to start.

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Survivors fighting against Ebola in Sierra Leone

FREETOWN, Sierra Leone, 18 December 2014 – Jusif Koroma and his sister Bilikisu survived Ebola. Seventeen of their relatives, including their father, four brothers and seven sisters, have succumbed to the illness.

“We left everything behind”: A young girl in Chad recalls the night she fled

GORE, Chad, 19 December 2014 – Ten-year-old Assia Issa has delicate facial features and intelligent, bright eyes, and she speaks with a confident voice that would make anyone pay attention. Her voice is a melody in itself, leaving an indelible impression, along with her words.

In South Sudan, breaking down barriers to girls' education

KAPOETA SOUTH COUNTRY, South Sudan, 15 December 2014 – It’s 7 a.m. on a cool and calm morning, and a young, shy-looking Natabo Gabriel is at the Kapoeta Youth Vocational Training Centre, in South Sudan’s Eastern Equatoria State. The day has barely begun, but she is certain it is her day and no one can take away her joy.

An invisible emergency in Ukraine

KHARKIV, Ukraine, 12 December 2014 – The streets of Kharkiv seem more crowded recently, as the influx of people from eastern Ukraine steadily carries on. Since the conflict began in March this year, more than a million people have fled their homes.

Well prepared, children and families weather the storm in Quezon City, Philippines

QUEZON CITY, Philippines, 9 December 2014 – Typhoon Hagupit, known locally as Ruby, passed south of Manila overnight on Monday 8 December. The eye of the storm missed the city, but there was plenty of rain and wind, carrying with it flood risks, in particular for communities living on flood plains near the river. 

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