Fuel Fix

Attendees view a small scale model of an offshore platform in the Aker Solutions booth during the Offshore Technology Conference at NRG Park on May 5, 2014, in Houston, Tx. ( Mayra Beltran / Houston Chronicle )

Some OTC exhibitors have stepped up their conference spending, even amid downturn

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Categories: featured, OTC
While many companies have scaled back their presence this year amid a global oil collapse, others have still spent big.
Jan Atle Andresen, right, of Huisman Equipment shows the Huisdrill 12000 drill ship to Niels Torgau at the Huisman Equipment booth during the first day of the 2014 Offshore Technology Conference, Monday, May 5, 2014, in Houston. ( Marie D. De Jesus / Houston Chronicle )

Take a look at the scale models from OTC 2015

on
Categories: featured, OTC

Some OTC exhibitors have stepped up their conference spending, even amid downturn

on
Categories: featured, OTC
Attendees view a small scale model of an offshore platform in the Aker Solutions booth during the Offshore Technology Conference at NRG Park on May 5, 2014, in Houston, Tx. ( Mayra Beltran / Houston Chronicle )
While many companies have scaled back their presence this year amid a global oil collapse, others have still spent big.
Jan Atle Andresen, right, of Huisman Equipment shows the Huisdrill 12000 drill ship to Niels Torgau at the Huisman Equipment booth during the first day of the 2014 Offshore Technology Conference, Monday, May 5, 2014, in Houston. ( Marie D. De Jesus / Houston Chronicle )

Take a look at the scale models from OTC 2015

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The Offshore Technology Conference is big, but not big enough to hold some of the biggest tech in the world. That’s where these hyper-detailed scale models come in.
Categories: featured, OTC

Thank You

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Corcaigh, 2007, one of largest TheOilDrum staff gatherings in Europe. Left to right: Luís, Euan, Paul (deceased in 2012), Dave (HO), Chris, Nate and Rembrandt.

Dear Reader,
When in June of 2005 I bumped upon this stimulating energy blog I could neve…

Categories: Uncategorized

Tech Talk – A Cautionary Tale Evolves over Shale Gas

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The development of the shale gas deposits in the United States, led by the drilling and fracking of horizontal wells into the Barnett Shale of Texas at the turn of the century, has opened up a resource that continues to draw visions of American energy …

Mexican leader Enrique Pena Nieto speaks during an interview at the Los Pinos presidential residence in Mexico City in July 2013. (AP Photo/Dario Lopez-Mills, File)

Mexico moves to relax decades-old grip on oil

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A shifting political landscape, sagging oil production and growing global competition are pushing Mexico toward constitutional changes that would open its energy sector to international investors for the first time in decades.
Categories: Latin America
Power line construction workers reconstruct power lines in Tilden, Texas, Thursday, August 9, 2012. The reconstruction is to accommodate demand for power from the oil and gas activity in the area. The 7,200-volt power lines are being replaced by 14,400-volt lines. (Jerry Lara/San Antonio Express-News)

Temporary power companies growing in Eagle Ford

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Companies that provide temporary power are in growth mode across South Texas as the region’s infrastructure catches up to the industrial demands of the Eagle Ford Shale drilling boom.
Categories: Eagle Ford, Electricity

Drumbeat: August 10, 2013

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Is peak oil demand just around the corner?
For years, there’s been lots of debate over “peak oil” — the notion that, at some point in the near future, the rate of global oil production will bump up against a hard ceiling. This is generally cons…
Categories: Uncategorized
(Kimberly White/Bloomberg News)

EIA: United States will fall from world’s top oil importer this year

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China’s economic growth has moved it into position to surpass the United States as the top oil importer by October, the agency forecasts.
Categories: Asia, Markets
oil worker

Oil and gas jobs have grown 40 percent since 2007

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Jobs in the oil and gas sector have grown 40 percent in the last five years, helping to counteract the tepid overall one percent increase in employment.
Franks

Frank’s International shares up as trading begins

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In the first day of trading, shares in services firm Frank’s International closed at $26.36, up $4.36.
Categories: Oil field services
handshake  behind a corporative building.Great for any design.

EV Energy Partners announces Utica Shale sale

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EV Energy Partners said Friday it that it signed a deal to divest land in the Utica Shale of Ohio for $284 million to an undisclosed buyer.
Categories: Natural gas, Shale
A drilling rig in Pennsylvania. (AP Photo/Alex Brandon)

US rig count dropped by four this week, Baker Hughes says

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Energy rigs in the U.S. declined by four to 1,778 this week, according to Baker Hughes Inc.
A boat passes by several platforms shown under construction at Kiewit Offshore Services on Thursday, July 11, 2013, in Ingleside.  ( Melissa Phillip / Houston Chronicle )

Demand for offshore production facilities surging, led by Brazil

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There are currently 269 floating production units, such as oil platforms and vessels that can collect oil from deep-sea wells, up 22 percent from five years ago and nearly 80 percent higher than in 2003, according to the International Maritime Association.
Categories: featured, Offshore

Drumbeat: August 9, 2013

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Peak oil? David Rosenberg gives seven reasons
Here are seven points from Mr. Rosenberg:

1. Oil demand has declined in the industrialized world since 2005. The International Energy Agency now projects global demand at 97 million barrels a day, down 13 …

Categories: Uncategorized
Magda Chambriard, general director of Brazilian National Petroleum Agency, speaking at the Westin Galleria on Brazil's pre-salt bidding round. (Emily Pickrell/Houston Chronicle)

Brazilian officials tout October offshore auction

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Brazilian energy officials visited Houston Thursday to talk up an upcoming auction of offshore oil leases, hoping to attract foreign investment for a new field estimated to hold as much as 12 billion barrels of hydrocarbons.
Categories: Latin America, Offshore
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

IEA trims estimate for 2014 global oil demand growth on economy

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The International Energy Agency trimmed forecasts for global oil demand growth in 2014 amid slowing expansion in China and a struggle to secure a recovery in the U.S. and Europe.
Categories: Crude oil
A hydrogen explosion rocks the Fukushima No. 1 nuclear power station number three reactor on March 14, 2011. (AFP PHOTO/HO/NHK)

Falsified reports after Fukushima fan anti-nuclear Korea

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For Seoul residents, South Korea’s decision to keep four nuclear reactors offline because of faked safety reports means power shortages, and a summer of sweltering homes and offices. Lee Jin Gon has bigger concerns.
Categories: Nuclear