Sauquet to head new Total branch

Philippe Sauquet has been named president of Total SA’s new gas, renewables, and power branch in a reorganization triggering other executive-level changes. Source: News


Sustained low oil price subdues deepwater spend 2016-20

Low oil prices will continue to impact deepwater capital expenditure (capex) over the next 5 years. Industry headlines have been dominated for the past 12 months by implications of the sustained downturn and operators have responded by announcing widespread redundancies, reducing budgets, and deferring new projects. Source: News


Regional reserves growth shows decline in annual rate of increase

Recoverable reserves of hydrocarbon liquids will grow 614 billion bbl from 2014 to 2044. Natural gas reserves will increase 87 trillion cu m (tcm) in the same 30-year period. This estimate results from a new region-specific model for assessing global reserve growth. Source: News


Model isolates speculative demand in price analysis

Oil demand is often viewed as being determined by the state of the global economy. Given that crude oil is storable, the real price of oil also depends on the demand for storage. Source: News


Will oil and gas matter in 2016?

The question was inevitable. The American Petroleum Institute had just released results on June 21 of the latest telephone survey it commissioned, which found most US voters support more US oil and gas development and are more likely to back a candidate who shares that view. Source: News


Oil tanker freight-rate volatility increases

Factors that can either increase demand for tankers or lead to excess supply will clash for the balance of 2016, leading to great fluctuations in oil tanker freight rates.  Source: News


Rotor vibration dynamic analysis helps detect compressor defects

Applying vibration modelling in gas turbines to fault monitoring of the same equipment can assist maintenance planning and extend system life. Bearings are responsible for vibratory phenomena in gas turbines (OGJ, Mar. 2, 2015, pp. 98-100). But vibrations in turn cause bearings’ rapid deterioration. Source: News