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The project department and commercial department personnel of HOOSL arrived in Kenya in September, and attend the meeting about initializing the projects in Baringo-Silali area with the Company -- Geothermal Development Company. (GDC), the Company’s CEO, technical general manager and business manager attended the meeting. The meeting emphasized the specific details of initializing the project, through consultation, the two parties has reached the following consensus:1.  The meeting begun with welcoming remarks by the chairman followed by brief introduction by members, HOOSL express thanks to GDC.2.  GDC has completed the construction of well site, pre-drilling work, well site water supplying and the road construction have been completed. Therefore, the two rigs can be d...
发布时间: 2017 - 09 - 28
BLOG: Educating iGen, the Literary Way: Engineer Writes Book about Oil, Gasby Valerie Jones|Rigzone Staff|Monday, August 22, 2016TweetinShare18 An engineer chose to author a children's book about oil and gas to portray a more positive side to the industry.While I was attending an energy luncheon last week, I met a lady and as we chatted, she shared that she had authored a children’s book. Cool, I thought. I wasn’t expecting that. Then she told me it’s a children’s book about oil and gas. Very cool. I really wasn’t expecting that.It turns out Barbara Brandl Denson, an engineer who works a...
发布时间: 2016 - 08 - 23
Russell: Will It matter? That's The Question To Ask Of Any Producers' Dealby Reuters|Clyde Russell|Thursday, August 18, 2016TweetinShare4 The opinions expressed here are those of the author, a columnist for Reuters.LAUNCESTON, Australia, Aug 18 (Reuters) - Asking whether the world's major crude oil-exporting countries can reach a deal to limit output is probably the wrong question. Asking whether it matters if they do is more relevant.Once again the speculative "will they, won't they" merry-go-round has been fired up ahead of a planned meeting of the Organization of the Petrole...
发布时间: 2016 - 08 - 19
Is the Oil, Gas Downturn a Franchiser's Market?by Valerie Jones|Rigzone Staff|Tuesday, August 16, 2016TweetinShare52 In the midst of a two-year long industry slowdown, some displaced workers have found success in business ownership outside of oil and gas.Graham McLeod worked 20 years in the oil and gas industry, 18 of which were in subsea operations for Cameron, before he mentally “checked out.”After traveling for no less than 180 to 200 days out of the year for two decades, he decided he needed to spend more time at home.“I didn’t realize how much stress I was under or how stressful the...
发布时间: 2016 - 08 - 17
(Bloomberg) -- The worst may be yet to come for some strained oil services companies as $110 billion in debt, most of it junk rated, creeps closer to maturity.More than $21 billion of debt from oilfield services and drilling companies is estimated to be maturing in 2018, almost three times the total burden in 2017, according to a report from Moody’s Investors Service on Aug. 9. More than 70 percent of those high-yield bonds and term loans are rated Caa1 or lower, and more than 90 percent are rated below B1.Speculative-grade debt is becoming increasingly risky, as the default rate is expected t...
发布时间: 2016 - 08 - 10
Iran Says Crude Market Oversupplied, Balance To Be Restoredby Reuters|Parisa Hafezi|Monday, August 01, 2016TweetinShare71 Iran's Oil Minister says the oil market was oversupplied but predicted balance between demand and supply will be restored, Iranian state television reports.ANKARA, Aug 1 (Reuters) - Iran's Oil Minister said on Monday the oil market was oversupplied but predicted balance between demand and supply will be restored, Iranian state television reported on Monday."The oil market is oversupplied now but there are expectations that there will be balance between demand and ...
发布时间: 2016 - 08 - 02
PwC: Oil Price Stability Drives Uptick in M&A Dealsby Karen Boman|Rigzone Staff|Thursday, July 28, 2016TweetinShare2 The stabilization of commodity prices and cautious optimism over an oil and gas industry recovery triggered a rise during the second quarter in the number of merger and acquisition (M&A) deals valued at more than $50 million, PwC reported in a second quarter analysis.This stabilization should continue to drive transactions in the E&P space during the second half of 2016. But better cash flow and the return of the capital markets will be needed before more megade...
发布时间: 2016 - 07 - 29
New 'Oil & Gas Technology Centre' Appoints CEOby  Rigzone Staff|Friday, July 15, 2016TweetinShare41 The UK's new Oil & Gas Technology Centre has appointed Colette Cohen, previously a senior vice president with Centrica. She will take up the post in September.The plan behind the OGTC, which will be based in Aberdeen, Scotland, is to establish a "go-to" global center for developing solutions to offshore mature basin, subsea and decommissioning technology challenges. The intention is for it to be outwardly focused, private sector-led and driven by industry needs. Its c...
发布时间: 2016 - 07 - 18
Middle East Instability Confronts Oil Prices; Opportunity for US Productionby  Deon Daugherty|Rigzone Staff|Wednesday, December 09, 2015Among the most galvanizing themes confronting oil and gas in the foreseeable market are those of increasing geopolitical threats and instability. And that’s going to leave oil prices lost in translation.As analysts at Simmons & Company International explained in a December update, it’s the geopolitical instability and the inherent tumult it creates throughout the world that have created a “massive disconnect” - one that’s placed oil prices close to 50...
发布时间: 2016 - 07 - 14
BEIJING, May 10 (Reuters) - China is undertaking a restructuring of oil subsidies policy, according to a circular jointly issued by the State Council, Ministry of Finance, and three other ministries, the official Xinhua News Agency reported on Tuesday.  The oil subsidies adjustment, launched at the beginning of 2015, is aimed at promoting market-oriented behavior and will make changes to the practice of linking oil subsidies to the volume of fuel consumption, said Xinhua.  Fuel subsidies to the urban public transport, rural passenger transport, taxi, fishery, and forestry sectors tot...
发布时间: 2016 - 05 - 11
After plunking down more than $2.5 billion for drilling rights in US Arctic waters, Royal Dutch Shell, ConocoPhillips and other companies have quietly relinquished claims they once hoped would net the next big oil discovery. (Bloomberg) - After plunking down more than $2.5 billion for drilling rights in U.S. Arctic waters, Royal Dutch Shell, ConocoPhillips and other companies have quietly relinquished claims they once hoped would net the next big oil discovery.The pullout comes as crude oil prices have plummeted to less than half their June 2014 levels, forcing oil companies to slash...
发布时间: 2016 - 05 - 11
NEW YORK, May 10 (Reuters) - Brent jumped more than 4 percent on Tuesday while U.S. crude settled up more than 2 percent, after a late burst of buying driven in part by expectations that record U.S. crude inventories would not swell by as much as they have in recent weeks.  Crude supply outages in Canada, Nigeria and elsewhere boosted prices. Brent's gain was its biggest one-day percentage move in a month.  The American Petroleum Institute (API) was due to report preliminary stockpiles data at 4:30 p.m. (2130 GMT) ahead of official numbers from the U.S. government on Wednesday. ...
发布时间: 2016 - 05 - 11
An increase in oil prices is looking “increasingly certain” says Colin Welsh, head of international energy investment banking at Simmons & Company International, assuming we avoid another global recession or an implosion in the Chinese economy.  Recent US Energy Information Administration data shows that production declines in the onshore oil fields in the United States are accelerating, with Welsh predicting that “we could well see year on year production down by 1 million barrels per day by the end of 2016”.  “It's also reasonable to expect decline rates from conventional oil p...
发布时间: 2016 - 05 - 04
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