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Asia Pacific’s energy sector is on the brink of major change. New areas are opening to foreign investment, national oil companies are adopting more aggressive E&P strategies, and the supply/demand balance is shifting. -
Signs point to sustained strong oil prices this year, levels that will continue to support upstream unconventional projects in North America and elsewhere.
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Forty years ago, the global oil market faced shortages, price shocks, and unanswered questions about security of supply.
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Every year, JPT surveys SPE members to determine whether the publication is fulfilling its readers’ needs and to get opinions about ways to make the magazine better.
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Momentum appears to be growing for a proposal that would more fully open Mexico to outside oil and gas investment. The move could offer attractive upstream opportunities to operators and the service sector, and intends to rescue Mexico’s steeply declining production.
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Jeff Spath is a member of the Schlumberger executive management team as vice president of industry affairs and the 2014 SPE President. He will take office during the 2013 SPE Annual Technical Conference and Exhibition.
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Initial forecasts for 2014 predict continued growth in global oil supply, relatively moderate demand, and a potential softening of oil prices.
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Government, industry, and labor representatives met recently to discuss solutions to the technical skills shortage in the global oil and gas industry. Although the discussion was wide-ranging, the group came to a consensus on several key points.
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Twenty-five years ago next month, the oil and gas industry’s worst offshore disaster took place. The explosion and fire on the Piper Alpha North Sea oil production platform killed 167 men and left only 61 survivors.
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Alan Linn became chief executive officer of Australian independent Roc Oil in February 2011. He spoke to JPT on the sidelines of the conference.
