Latest Opinions


Chrysaor and Enquest buying North Sea assets – two different financial approaches to decommissioning

Greg Coleman comments: In January 2017 there were two big North Sea acquisitions – Enquest buying 25 per cent of BP's Magnus field ($85m) and Chrysaor buying some of Shell North Sea assets ($3.6bn approx.) Both transactions take a different approach to the decommissioning financing – and illustra ...

Petromall Insights


Posted 3 years agoOpinion > North SeaDecommissioningFinancial Impact

The test of a first rate intelligence….matched by inertia elsewhere

David Bamford writes: Most of you will have noticed that Rex Tillerson, former boss of ExxonMobil - also multi multi-millionaire courtesy of his remuneration package - is now the US Secretary of State, running that great country's international diplomacy. Having bumped into his former employer's ide ...

Petromall Insights


Posted 3 years agoOpinion > ClimateSupplies of oil & gas

While E&Ps sleep!

David Bamford writes: In a previous article I highlighted what I will refer to as the “Tillerson Paradox” – namely the recognition that oil & gas are likely to remain a dominant component of energy supply for decades to come and yet accepting that carbon emissions (CO2 and CH4) are almost certainly ...

Petromall Insights


Posted 3 years agoOpinion > ClimateMajorsE&Ps

Underwater Trainwrecks!

David Bamford writes: Some of you may have already browsed the OGA's five year review of (UKCS) major oil and gas projects. It is a sobering read, chronicling the various mishaps that beset 58 major projects executed between 2011 and 2016. On average: fewer than 25% of projects were delivered o ...

Petromall Insights


Posted 3 years agoOpinion > North SeaDecommissioningMarginal Fields +1

Why we shoulld start decommissioning now

Chris Lloyd comments: If the oil and gas industry starts decommissioning earlier and gets a pipeline of projects together, it will enable it to retain expertise, build up a supply chain and organisational capability – and reduce a future decommissioning bottleneck, says Chris Lloyd At the moment ...

Petromall Insights


Posted 3 years agoOpinion > North SeaDecommissioning

Holed beneath the waterline!

Graham Scotton notes that Quality management decision making is needed for better project outcomes? Oil and gas management needs a step change if the industry is going to prosper in a $50 to $60 world – and perhaps the best way to describe the necessary improvement is ‘more rigour', as well as mo ...

Petromall Insights


Posted 3 years agoOpinion > North SeaProject DeliveryProject Governance +1

Scotland – reduce reliance on wind, develop fracking and clathrates research

Scotland should be very wary about further investment in wind power, it should develop fracking for gas, invest in energy storage, and do research into arctic methane clathrates, says Professor Brian Smart, former head of petroleum engineering at Heriot-Watt University Professor Brian Smart, former ...

Petromall Insights


Posted 3 years agoOpinion > ScotlandPowerwind power +2

Does your CEO have his head in the sand?

We at Petromall have just published some Insights on “What E&P companies should do about decarbonisation” and I thought I would pull out of there three ideas that should give you pause, cause you to ask “I wonder what my company is doing, how our plans are changing?” Firstly, there is the perspec ...

Petromall Insights


Posted 3 years agoOpinion > Oil pricesdecarbonisationfossil fuel +1

The next "Shale Gale"?

David Bamford opines on the world's great shales! A few weeks ago I used my blog/Newsletter to quiz readers on what they regarded as the world's great source rocks. And, by inference, where might the next “Shale Gale” be blowing, mimicking what has happened in the USA? I'm glad to say I got an unu ...

Petromall Insights


Posted 3 years agoOpinion > Shaleshale oilShale Gas

The silly Season!

Some years ago, given my blank response to a question, one of my bosses at Beyond Prudence decided to educate me about “The Season” which (apparently) once was the summer period when ‘debutante' balls were on in London and South East England but now describes the period from the Chelsea Flower Show ...

Petromall Insights


Posted 3 years agoOpinion > ClimateClimate ChangesCO2 +1

Shape Shifting!

The Majors ‘shape shift' whilst E&Ps slumber! Despite my feeble attempts at damning current newspaper articles as “silly season” journalism, here I touch on a couple of interesting ones from the Times on Friday and today. Firstly, one about Shell – similarly to BP - adopting a ‘lower forever' mi ...

Petromall Insights


Posted 3 years agoOpinion > Energy SuppliersBPShell +1

Using AI to improve E&P Performance

You may have noticed this news item a week or so ago, talking about BP's plans to introduce AI to seek drilling performance improvement. It seems these plans are part of an effort to embrace new technologies, which Bob Dudley, BP's chief executive, said last week were “rewriting the rule book for ...

Petromall Insights


Posted 3 years agoOpinion > aiPerformance ImprovementExploration and Production

Prices Calm After Forties Pipeline System Shut Down News – But For How Long?

Emergency work on the Forties North Sea pipeline initially shook the markets with Serica Energy Plc (LON:SQZ) shares falling around 5% on the news , which also sent brent crude soaring to above $65 a barrel. Prices then calmed but pipeline-owner INEOS' announcement that deliveries of crude are n ...

Scott Johnson


Posted 2 years agoOpinion > fortiesIneosUnited Kingdom +5

Oil price, Ithaca, Sound, SDX, Lamprell, Sundry-Egdon- And finally...

WTI $47.55 -41c, Brent $48.56 -44c, Diff -$1.01 +2c, NG $3.04 +1c Oil price The prices above are as at 0900 hrs this morning, what with Thanksgiving yesterday trade was thin. It might be today as well as we all gear up for Opec next week which might be as important a meeting as two years ago. ...

Malcolm Graham-Wood - Malcy's Blog


Posted 3 years agoOpinion > oil priceIthaca EnergySound Energy +4

Oil price, Victoria Oil & Gas, Hurricane Energy, Falcon Oil & Gas, And finally...

Oil price It is now officially squeaky bum time with  the Opec meeting starting on Wednesday and many potential strategies still being discussed. The non-Opec meeting scheduled for today has been suspended as the Saudis have apparently decided to ensure that the Opec house is in order before any ...

Malcolm Graham-Wood - Malcy's Blog


Posted 3 years agoOpinion > oil priceUKVictoria Oil & Gas +3
Last fetch 10/29/2020 8:22:11 AM