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Expro has appointed two executives to management team

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3/21/2019 Photo: Alistair Geddes, COO, Expro. ABERDEEN — International oilfield services company, Expro, is pleased to announce the appointments of two key executive management roles. Current Executive V.P., Alistair Geddes, has been promoted to COO with immediate effect. Mr Geddes has been with Expro for six years, having previously fulfilled leadership roles with Weatherford, BG Read More

The Open Group launches the Open Subsurface Data Universe Forum

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3/21/2019 SAN FRANCISCO — The Open Group, the vendor-neutral technology consortium, has announced the launch of the Open Subsurface Data Universe (OSDU) Forum, a Forum of The Open Group. This Forum will be focused on developing a standard data platform – initially for the oil and gas industry – that will bring together exploration, development, Read More

LNG may replace coal in Vietnam's $7.8 billion power project

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By Nguyen Dieu Tu Uyen and Stephen Stapczynski on 3/21/2019 HANOI and SINGAPORE (Bloomberg) — Vietnam’s latest plans for $7.8 billion in gas-fired power projects may see the nation become one of the world’s newest liquefied natural gas importers and cut its coal use. The Ninh Thuan provincial government on Wednesday said it met with Read More

AMLO risks a fall as he tries to pull Pemex back from the brink

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By Eric Martin and Justin Villamil on 3/21/2019 MEXICO CITY (Bloomberg) — Pemex is personal for Andres Manuel Lopez Obrador, who grew up in Mexico’s oil heartland at a time when the state company was a source of national pride. Now that he’s president, the leftist leader has made it a priority to pull Pemex Read More

BSEE: Key to energy security lay within offshore safety performance, environmentally sustainable energy production

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3/20/2019 Photo: BSEE Director Scott Angelle. NEW ORLEANS – Bureau of Safety and Environmental Enforcement (BSEE) Director Scott Angelle emphasized BSEE’s commitment to safe and environmentally sustainable energy production during meetings in Louisiana with the Greater Lafourche Port Commission, the Louisiana Mid-Continent Oil and Gas Association and BSEE Gulf of Mexico Region staff. “BSEE’s portfolio Read More

Equinor Brasil president wants an open gas market according to Quest Offshore

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3/20/2019 BRASILIA — Margaret Øvrum recalls that investment depends on viability, “With a monopoly, you do not get the right price.” Norwegian Equinor (formerly Statoil), the second largest oil and natural gas producer in the country, behind only Petrobras, is waiting for a new regulation of the gas market to expand its investments in Brazil. The Read More

Venezuelan crude shipments dead in the water on U.S. sanctions

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By Sheela Tobben on 3/20/2019 NEW YORK (Bloomberg) — Venezuela’s exports to the U.S. hit zero last week after American sanctions on PDVSA. American refiners took no crude from the Latin American country for the first time in government data going back to 2010. Shipments have been on a steady downtrend since late January when Read More

Gazprom launches full-scale development in Yamal Peninsula

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3/20/2019 Alexey Miller and Dmitry Artyukhov during conference call. Photo: Gazprom. MOSCOW — A ceremony was held In the Yamal-Nenets Autonomous Area to mark the launch of full-scale development of the Kharasaveyskoye field. Attending the event were Alexey Miller, chairman of the Gazprom Management Committee, Dmitry Artyukhov, governor of the Yamal-Nenets Autonomous Area, and heads Read More

Energy Transition Outlook reveals crude oil demand through 2050

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3/20/2019 Chart: Energy transition timeline. HOUSTON — The Energy Transition Outlook is a model-based forecast of the world’s energy system through to 2050 and, owing to DNV GL’s independent view and technical expertise, has become a widely cited voice on the energy future. Users can now take a deep-dive into the forecast by downloading the Read More