China is planning to reform its oil and gas sector, giving the market a more decisive role and opening the door for more diverse ownership of large state-owned enterprises. We ask what the changes will mean for the industry and what the country hopes to achieve.
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We also take a look at new discoveries offshore Trinidad & Tobago and hear about a new method to track oil leaks in real time developed by the Norwegian Geotechnical Institute and Kjeller Innovation.
Plus, we learn about the legal ins and outs of extending offshore construction contracts, and speak to BP about its recruitment strategy and what it takes to attract millennials to the oil and gas sector in a time of increased competition for talent from other industries.
In this issue
China Changes Track
China is overhauling its oil and gas sector to boost efficiency, giving the market a more decisive role. Julian Turner discusses the reforms with Michal Meidan, lead analyst for Asian energy policies and geopolitics at Energy Aspects.
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New Treasures
Trinidad and Tobago is the largest oil and gas producer in the Caribbean but falling production from mature fields have been threatening its longevity. Heidi Vella asks whether new gas discoveries from BP, Repsol and BHP could rejuvenate the country’s oil and gas sector.
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By GlobalDataHow to Save a Contract
Over the past few months, a number of shipyards have announced extensions to the delivery dates of offshore units. William Cecil and Fiona Cain of Haynes & Boone CDG explore the risks presented by these extensions.
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Tracking Leaks
A new method to precisely measure hydrocarbons in the waters around oil wells has been developed by the Norwegian Geotechnical Institute (NGI) and Kjeller Innovation. Molly Lempriere finds out how it could put a stop to oil leaks.
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The Millennial Challenge
When it comes to recruiting new talent the oil and gas industry is facing increasing competition from other, more modern industries. BP UK’s head of graduate resourcing, Suzy Style, tells Heidi Vella about the company’s recruitment strategy for graduates.
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Getting into Oil & Gas
Bilal Ahmed is a project engineer at BP who joined as a graduate and now has a managerial role at the Shah Deniz 2 project, one of BP’s largest and most technically complex gas production sites in the Caspian Sea. Here he tells Heidi Vella about his experience at the company and the future challenges facing the sector.
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Next issue preview
A private consortium led by Sierra Oil & Gas recently announced the first major oil discovery offshore Mexico by a group other than state-owned Pemex. It appears to validate the country’s decision to open up the oil and gas industry to private companies despite popular opposition. We assess the privatisation process in Mexico’s oil and gas sector.
Also in the next issue, we talk to Statoil about its development project for automated drilling in the Barents Sea, and review France’s new drive for international exploration under the Macron government.
Plus, we find out how thermophilic bacteria could be used to provide a new low-impact exploration technique for oil and gas, learn about the benefits of mobile apps for field operators, and take a look at efforts being made across the industry to reduce operational costs by cutting waste from offshore maintenance procedures.
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