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The World According to NOV
Pete Miller Jr., the Chairman and CEO of National Oilwell Varco (NOV) was the guest speaker today at the meeting of the Houston Chapter of the American Petroleum Institute. Mr. Miller talked about the BRIC vs. MINT countries, and new frontiers in geology, markets and technology. Economists, consultants and international observers have long touted the… Read More
Central Europeans Seek to Diversify Natural Gas Supplies
According to an article in “Rigzone” the leaders of the Visegrad Group consisting of Hungary, Poland, Slovakia and the Czech Republic want the U.S. to export LNG to Europe. In a letter to John Boehner, the Republican Speaker of the House of Representatives, the ambassadors for these European nations urged Congress to support speedier approval… Read More
New BP Shale Unit
According to a recent article in “Rigzone”, BP’s new domestic shale unit was prompted by the realization that onshore shale and deep water projects require different skills, management styles, and corporate cultures. Deep water projects are like tailored suits and shale plays like Wrangler jeans; each is valuable in its own right. In the rest… Read More
New BP Shale Unit
Today “Rigzone” reported that BP is establishing a separate onshore unit to improve the competitiveness of its U.S. shale gas portfolio. Many large oil companies feel that their shale assets have not performed as well as expected, and BP hopes that the new unit will expedite decisions and compress the elapsed time from concept to… Read More
Russian Energy Minister Cancels Appearance
“Rigzone” reports that Russian Oil Minister Alexander Novak canceled his appearance at the IHS CERAWeek conference in Houston after his country invaded the Crimea peninsula in the Ukraine. Novak was scheduled to address the gathering on Tuesday. IHS Vice Chairman Daniel Yergin said “Depending on how this plays out in the next week or two,… Read More
