Prevailing trends in the European oil industry, especially in the field of search, detection and extraction of hydrocarbon deposits (Upstream), show an increase of these activities in the coming years. The most – technological, institutional, business – advanced European North, has begun to decline after forty years of production and prepares … not just to pass the “baton” to the south, but to bring it themselves…
The oil and gas sector is increasingly turning to technology to plug rapidly growing skills gaps, according to a new report on industry sentiment for the year ahead. GL Noble Denton’s new “Seismic Shifts” report on the future of the oil and gas sector has revealed that industry leaders are confident for significant industry growth in 2013. But, despite this optimism, major concerns are emerging over an industry skills meltdown, tougher operating environments and increasing risk and regulatory hurdles.
On late January Tap Oil Limited announced its gross volumetric recoverable gas resource estimate for the WA-351-P portion of the Tallaganda structure. Tap’s studies indicate approximately 500 Bcf (Billion Cubic Feet) of gas in the WA-351-P portion of the Tallaganda structure
The Barents Sea, supports one of the world’s major fisheries, and is as such, already economically very important. Several major oil firms have expressed interest in exploring deep into Arctic territories, and governments of countries such as the United States, Russia, Canada and Norway have been preparing for this eventuality. RIGZONE published a very interesting article this week regarding Barents Sea exploitation.
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Officer of the Watch 