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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
Window of Opportunity for U.S. LNG Exports
A recent article in “Rigzone” chronicles the proceedings of the Platt’s 13th annual Liquefied Natural Gas Conference in Houston last week. Of particular interest were the remarks of Asish Mohanty, senior analyst with Wood MacKenzie. More than 25 LNG export projects have been proposed to date. Six have received the requisite government approvals, and a… Read More
Fossil Fuels will Continue to Dominate per IEA
Fossil fuels will continue to dominate energy supplies well into the future according to an article in “Rigzone”. Fatih Birol, Chief Economist at the International Energy Agency (IEA), pointed out that in spite of intense efforts to replace fossil fuels with renewables, the former have maintained their preeminent position and will continue to do so. … Read More
