Two Well Infill Project - Van Gogh

Recently, Santos Ltd., Adelaide, made some significant announcement regarding oil from its two-well infill project in Van Gogh field in the Exmouth basin offshore Western Australia which has been brought on stream. On September 2018, the infill project started which comprises of drilling and completion of two subsea wells and connecting them to the existing field infrastructure.

In the basin, Van Gogh field is one of three subsea oil field developments which are tied in to the Ningaloo Vision floating production, storage, and offloading vessel. In order to access bypass oil which is not drained by the original field, two dual-lateral wells have been designed. The technically challenging operation involved drilling horizontal sections in the reservoirs up to 3,500 m in length and only 950 m subsea. There will be boost to oil production from the field by the successful project .will provide a boost to oil production from the field.

In the year 2003, Van Gogh was discovered whereas production started in 2010. In 2000, nearby Coniston field was discovered whereas in 1989 Novara field.  They were respectively tied back to the FPSO in 2015 and 2016.

Santos is having 52.5% interest and operatorship of the Van Gogh-Coniston-Novara development. It was acquired last year when purchased Quadrant Energy Ltd. of Perth, whereas IPEX of Japan has the rest of 47.5%.

For more information and updates related to Oil and Gas Recruitment Agencies, check into our latest blogs and news updates. We provide latest news related to oil and gas across the world.

Oil and Gas MOU to be Signed by China and Philippines

Oil and Gas sector is all set to make a great comeback with lots of openings for professionals in this industry. Recently, to resolve the territorial dispute in South China Sea, a memorandum of understanding for cooperation is signed by the governments of China and the Philippines in oil and gas exploration and development. During the meetings in Manila, MOU was one of a series of documents which has been signed on several subjects between Chinese President Xi Jingping and Philippines President Rodrigo Duterte.

In the year 2016, a United Nations arbitration challenge was won by the Philippines government to China’s claim to nearly all the South China Sea. The Chinese territorial assertion was challenged by Brunei, Malaysia, Taiwan, and Vietnam.

The Philippines also looking to add an area known as Rector Bank, which China calls Reed Bank.In the year 2014, it suspended exploration of the area due to territorial dispute. However, they want advancement of exploration before deepwaterMalampaya gas field offshore Palawan depletes. The country is quite dependent on Malampaya gas for power generation. However, Duterte has not pressurised for enforcement of the arbitration ruling and started discussion about the joint exploration with China last year.

Government issued a joint statement in Manila and agreed “to exercise self-restraint in the conduct of activities in the South China Sea that would complicate or escalate disputes and affect peace and stability.”

Formation of a steering committee that includes countries’ foreign and energy ministries to generate cooperation agreements within 12 months are also called by the oil and gas MOU.

Latest Oil and Gas Industry News  update Available Here

               

Approximately 12% less Loading of Iranian Oil by India in June

In comparison to May, the refiners of Indian origin have ordered about 12 percent less Iranian oil in the month of June as U.S. stated that it would reintroduce sanctions on Iran. However, the sales are 50 percent higher than a year ago. After China, Indian refiners are the top oil client of Iran. They are trying to weaning themselves away as the U.S. pulled out of the 2015 nuclear deal.

On August 6, the first set of sanctions will take place followed by 180 day winding down period in the petroleum sector, which will end on Nov. 4.   Oil Minister DharmendraPradhan stated in the lower house of parliament that refiners in India have bought around 664,000 barrels per day (bpd) of Iranian oil in June.

They have represented a fall from the previous month with higher purchases as compare to year ago.Pradhan also stated, “Indian refineries imported 1.9 million tonnes of crude oil from Iran in June 2017 and placed orders for 2.82 million tonnes in June 2018.”

Due to a row over the development rights of a giant gas field, India's state-refiners, have approximately 60 percent of the nation's overall 5 million bpd capacity, curbed Iranian imports in 2017/18.

After Iran offered free shipping and an extended credit period of 60 days, the state refiners raised imports in the current fiscal year starting in April. To the Indian stated refiners, Iran became the second biggest oil supplier after Iraq in the April to June period. However, India has warned about a drastic cut in imports from the OPEC member.

In the month of April to June 2018, India loaded about 715,600 bpd oil from Tehran. This is almost a growth of about 45 percent from the previous quarter, as the data shown in parliament. According to the tanker arrival data, there is decline of about 16 percent in the monthly oil imports of India from Iran. However, Iran has now offered to insure oil cargoes to India after some insurers stopped providing the service in the face of the impending sanctions.

For more information related Oil and Gas Recruitment Agencies

Admirable Petroleum Industry Jobs

The energy minister of Saudi Arabia stated that an OPEC agreement to increase production is “inevitable” as Oil steadied just below $67/bbl.This may lead to increase in the Petroleum industry jobs.

Due to growth of 1.4% in the last three sessions, there is increase of 0.4% in futures in New York. Followed by talks in Moscow, Saudi Energy Minister Khalid Al-Falihstated that he is expecting OPEC to reach a deal that will gradually enhance the output. Alexander Novak, his Russian counterpart stated that they agree on the need for an increase, whereas few things which are still under consideration are the volume and timing of the extra production.

At Vienna, there will be a meeting of the Organization of Petroleum Exporting Countries which is most likely to be a contentious summit. There is opposition from Iran, Iraq and Venezuela regarding the proposal by Saudi Arabia and Russia for the relaxation of output caps. On the contrary, Washington is still criticizing the cartel for boosting prices. However, there will be talks between Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman.

TamasVarga, an analyst at PVM Oil Associates Ltd. in London stated that “Those in the know might get a hint as early as today -- the topic will surely come up between President Putin and the Saudi crown prince as they watch their countries’ teams in today’s opening game of the football World Cup,”

For July delivery, West Texas Intermediate crude traded at $66.94/bbl on the New York Mercantile Exchange, up 30 cents, at 12:22 p.m. London time. Brent futures for August settlement traded at $76.80/bbl on the London-based ICE Futures Europe exchange, up 6 cents. The global benchmark crude traded at a $9.97 premium to WTI for the same month.

In the month of May, the Crude rallied to a three-year high and lost steam as Saudi Arabia and Russia signaled they may raise output. However, there was criticism from the U.S. President Donald Trump for inflating prices. Saudi Arabia is consideringwide range of scenarios to increase in supplies. There is increase in crude production up to 10.9 MMbpd, topping 10 million every week which may lead to growth in the Petroleum Industry Jobs!

A Choice of Oil and Gas Jobs

For oil and gas professionals, the spectrum is wide with careers that need wide range of skills, education and experience. The sector is known for well-paying but at the same time it is highly challenging. The oil and gas sector is mainly split into two categorised and they are technical and commercial. For instance, if you are looking for technical staff then it comprises of engineers, scientists (geologists, geochemists), supervisors, instrument operators, technicians and specialists. On the other hand, the commercial jobs comprise of Management, sales, marketing, finance and accounts, human resource, industrial relations and supply chain management positions.

If you belong from this sector then you need to have awareness of industry norms. Here are a few:

·         Similar industry – Not necessary

Interestingly, the oil and gas industry is open to other industries and candidates from other industries can find employment in various commercial roles, technical roles. For instance, if you areretired military personnel then you have great demand in the oil and gas industry specially safety and project planning in the defence services.

·         Willingness to Relocation

Although, the oil and gas companies are all across the globe, but the key operations are done in areas where major reserves of oil and gas are found. Hence, willingness to relocation will be an added advantage. For instance, you can be posted to offshore oil wells but are paid substantially more as compare to their onshore counterparts.

·         CV Plays Crucial Role

An error-free cover letter and CV works wonder in Oil and Gas Jobs , as the jobs require employees to take significant decisions every day. Poor decisions could lead to huge loss as well as endanger the lives of workers. To make your CV attractive and professional, you need to get assistance from professional resume writers here.

Bright future of oil and gas sector

According to the experts, in the upcoming years oil industry is all set to emerge as a leaner and stronger from the present crisis. Currently, the Oil and gas companies are looking for people with high levels of motivation, skill and determination.

Benefits of Oil and Gas Industry

Due to global crude oil shortages, there is huge concern about the survival of industry in the nearby future. However, there is no need to panic as oil and gas industry has still lot more. Currently, the oil and gas industry is the major source of three quarters of the UK’s primary energy. The industry is all set to double up the production in the coming 15 years.

The oil and gas industry works primarily into the world’s resources. People are needed for sustainable energy or using the current methods. There is consistent growth in technology which makes us learn new things.

In oil and gas sector, oil rigs offshore and usage of heavy machinery is quite common. The oil and gas industry has several jobs in labs and offices. In this sector, most of the experienced workers are earning salaries that exceed £50,000. Qualified fresher gas engineer earnssalary up to £30,000.Drilling consultant are drawing package up to £150,000 and higher.

The Oil and Gas Jobs always uses latest equipment and state of the art technology for best results. The qualified professionals always learnnew methods of technology. With consistent knowledge development, you will always add new strings to your bow.

The demand for oil is from all across the world. A well trained and experienced professional have huge range of options. For instance, he/she can travel anywhere across the globe. For those who are working offshore, you would have huge range of locations to work too.

The oil and gas industry is dependent on latest training opportunities. Most of the companies offer outstanding training for their staff. Hence, they successfully retain and upgrade their skill set and specialisation. They are provided with various other perks like bonus schemes, good pension plans, private healthcare and dental care, childcare support and more.

For Growth Oil and Gas Drilling Companies Need to Spread

If one analyses the current scenario, the future of oil and gas industry seems tough. For instance, countries like India, France, Britain, and China are all set to phase out vehicles running on petrol and diesel, whereas cost of grid-scale solar power is affordable as compare to the fossil-fuelled electricity.

It’s certainly high time for the oil and gas companies to give some serious thought about their next step. It seems that making huge investments in natural gas across the globeon the basis that gas will lead to clean energy future, may be a total loss asthere is immense development of renewables very fast.

The oil and gas companies should start planning for a low carbon future. It should diversify their products and start accepting the renewable energy.  These are few strategies identified by CSIRO. There are approximately 40% of companies that are into exploration and production of petroleum. They are likely to change their path with some alternatives like solar photo voltaic and energy storage.

In order to minimize the price as well as the intensity of carbon during operations, renewable can be integrated. In the near future, all these developments will assist energy companies in the creation of some nature friendly offerings. To the developing nations, hybrid solar and gas micro grids could be sold. Hence, they would be able to skip expensive and centralised electricity with clean, cheap distributed energy for all.

There is also expectation for increase in the global demand for liquefied natural gas (LNG) for transport by fourfold to 100 million tonnes a year by 2030. Moreover, conversion of natural gas to many refined products will be highly profitable.

For Australian companies, Hydrogen fuel is another great option as it can be created from gas. In the upcoming future, solar power can be used for the manufacturing of hydrogen fuel.

If you require Oil and Gas Drilling Companies Click Now!