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15 Oct
2017

Editor's letter: Oil and gas being asked to revamp image
Posted by: Indrajit Sen


Editor's letter: Oil and gas being asked to revamp image
Indrajit Sen is the deputy editor of Oil & Gas Middle East magazine and the co-editor of arabianoilandgas.com

I will admit that I do tend to take my eyes off reports that malign the oil and gas industry with regards to carbon emissions, and studies that highlight the damaging impact upstream operations have on the environment.

As someone intimately linked to the oil and gas sector, I feel it has become sort of cool to negatively portray anything that has to do with fossil fuels.

After all, oil, gas or minerals emanate out of land or sea, and ultimately power the globe, so to disregard their importance is unfair. But there is no denying the fact that certain conventional oil and gas techniques have languished, in the context of technical advancements (fracking comes to mind), causing significant environmental damage. I have to share with you one such report from BMI Research I’ve come across, which details that... more...

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Labels:BLOG
 




13 Sep
2017

Editor's letter: M&A decoded - United we stand, divided we fall
Posted by: Indrajit Sen


Editor's letter: M&A decoded - United we stand, divided we fall
Indrajit Sen is the deputy editor of Oil & Gas Middle East magazine and the co-editor of arabianoilandgas.com

Competition can thrive in a business environment where conditions are conducive. When circumstances are as daunting as in present times, rivalry has to be replaced with synergies for the very sustenance of the industry.

Thus far, since stakeholders started feeling the discomfort of doing business with the onset of the downturn in early 2015, it was mostly players in the oilfield services and EPC domains that were compelled to consider mergers and acquisitions (M&A) as a way to remain competitive. 

Now it seems that E&P companies, who form the highest echelon of the oil and gas industry, too are now finding it wise to sustain themselves by collaborating – with two of the global majors recently throwing themselves into the rising tide of M&A. French energy giant Total last month announced it... more...

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08 Aug
2017

Editor's letter for August: Did you see that coming?
Posted by: Indrajit Sen


Editor's letter for August: Did you see that coming?
Indrajit Sen is the deputy editor of Oil & Gas Middle East magazine and the co-editor of arabianoilandgas.com

I am not a soothsayer so I could not foretell the Abu Dhabi National Oil Company’s decision to mull a stock listing of its services units. Or, honestly speaking, maybe I did foresee this, especially after ADNOC’s peer Saudi Aramco set a revolutionary precedent last year – only did not expect ADNOC to follow suit this soon.

For those of you who have been living in a cave, the Emirati oil giant last month announced it would consider an initial public offering (IPO) of minority stakes in some of its businesses ‘which have attractive investment and growth profiles’, with reports now suggesting that it is considering floating its distribution business, among others.

It is quite apparent that ADNOC’s decision has been inspired by Saudi oil behemoth Aramco’s similar move in January last year... more...

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13 Jul
2017

July 2017 Special Report: Editor's letter
Posted by: Indrajit Sen


July 2017 Special Report: Editor's letter
Indrajit Sen is the deputy editor of Oil & Gas Middle East magazine and the co-editor of arabianoilandgas.com

Let me share with you a personal account of what I experienced while in Germany in March this year. I was on a press trip organised by German E&P major Wintershall to attend their annual press conference at the company’s headquarters in Kassel.

As part of the tour, a day after the media event, journalists gathered from the Middle East were taken to one of Wintershall’s sour gas production facilities in a small town called Staffhorst. What preceded before we actually set foot in the sour gas field impressed me to an extent that every detail is etched in my memory.

Prior to being escorted to the sour gas complex, media representatives were taken to Wintershall’s nearby HSE centre, where we were given an hour-long safety training. At first there was a video that was played, portraying a mock... more...

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01 Jul
2017

Editor's letter: Prepare for royal changes in oil industry
Posted by: Indrajit Sen


Editor's letter: Prepare for royal changes in oil industry
Indrajit Sen is the deputy editor of Oil & Gas Middle East magazine and the co-editor of arabianoilandgas.com

The news may have come suddenly, but for many it wasn’t a surprise. After all, the man who had been the mastermind behind Saudi Arabia’s ambitious socio-economic transformation plan – the Vision 2030 – had naturally raised his chances of becoming the future king.

As the new crown prince of Saudi Arabia, Prince Mohammed bin Salman is expected to play an even more influential role in world oil markets, at a time when major crude producing nations find themselves teetering due to below par oil prices. Prince Mohammed, who was elevated last month, has upended the traditional Saudi energy model in the nearly two and a half years since his father ascended the throne. Whereas the royal family had previously been content to leave the managing of the oil industry to seasoned technocrats, the prince... more...

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09 Jun
2017

Editor's letter: OPEC can't play the godfather alone, always
Posted by: Indrajit Sen


Editor's letter: OPEC can't play the godfather alone, always
Indrajit Sen is the deputy editor of Oil & Gas Middle East magazine and the co-editor of arabianoilandgas.com

The Organization of Petroleum Exporting Countries (OPEC) has historically always been held accountable whenever oil prices have tumbled, and rightly so. As a cartel controlling over 80% of the world’s crude reserves, it has to responsibly manage its production levels and keep monopolistic desires in check.

The outcome of the recent OPEC meeting, a decision along expected lines, however is proof of how the Saudi Arabia-led group has always endeavoured to maintain equilibrium in global oil market. At the scheduled meeting on May 25th at the syndicate’s headquarters in Vienna, OPEC and 11 non-OPEC oil producers, including Russia, unanimously agreed to extend the production cut deal, in effect from January 1st this year, for a further period of nine months, beginning from July 1st 2017, in a bid to stabilise oil... more...

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09 Apr
2017

Editor's letter: Upstream treading a cautious path
Posted by: Indrajit Sen


Editor's letter: Upstream treading a cautious path
Indrajit Sen is the deputy editor of Oil & Gas Middle East magazine and the co-editor of arabianoilandgas.com

I do not wish to paint a grim picture of the state-of-affairs of the oil and gas industry, but thought it might be worth sharing a recent report about the subdued enthusiasm of global upstream companies in 2017.

Wood Mackenzie’s analysis of the 2017 guidance issued during the Q4 reporting season indicates that approaches to capital expenditure and production targets this year depend, in large part, on a company’s operational focus. Producers with exposure to the US Lower 48, and particularly those active in the Permian basin tight oil play, are loosening their purse strings and setting ambitious growth targets.

But larger operators that are exiting their current capital intensive phase of investment, such as Total and Chevron, will see spend continue to trend down. While WoodMac expects to see upstream... more...

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21 Apr
2014

Localisation is over
Posted by: Georgina Enzer


Localisation is over
Indrajit Sen is the deputy editor of Oil & Gas Middle East magazine and the co-editor of arabianoilandgas.com

Localisation is an outdated word in the Middle East oil & gas industry; instead we should all be talking about in-country value. Where the concept of localisation hints at inserting nationals into a company’s employee infrastructure with little effort at finding a qualified employee, but rather just a local employee, in-country value is something that is much, much broader.

In-country value promotion is usually a government-driven initiative that is designed to include locals at all ends of the oil & gas value chain, from the company that makes nuts and bolts, to the percentage of local companies an EPC contractor employs, and to the support that an IOC provides for oil & gas supplier SMEs in-country.

Where Saudi Arabia has stuck to the employment quota option, where a percentage of every company’s employees must be Saudis,... more...

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Labels:COMMENT BLOG Industry Trends Oil & Gas Localisation
 




03 Mar
2014

Pipeline security is an issue
Posted by: Georgina Enzer


Pipeline security is an issue
Indrajit Sen is the deputy editor of Oil & Gas Middle East magazine and the co-editor of arabianoilandgas.com

Attacks on oil & gas pipelines in Iraq, Yemen, Algeria and Egypt have stepped up since the beginning of the year, causing the upstream industry major headaches.

While the obvious concern is staff safety, and loss of revenue due to downtime while pipes are fixed, the impact of supply chain breaks also causes the industry problems.

Pipeline attacks, particularly where the pipeline is breached, impact all stakeholders in the supply chain from infrastructure owner to consumer.

There is a cost in terms of loss of supply, downtime, repairs, maintenance issues, and of course the speed at which these repairs can be made, especially if getting surveyors/engineers to the scene is potentially dangerous to human life. So, what can be done to combat these attacks and the growing threat to personnel in the field? It seems that the answer partially lies... more...

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Labels:Algeria Iraq Yemen COMMENT BLOG Industry Trends Egypt oil & gas pipelines Attacks
 




09 Jan
2014

Boom or Bust?
Posted by: Georgina Enzer


Boom or Bust?
Indrajit Sen is the deputy editor of Oil & Gas Middle East magazine and the co-editor of arabianoilandgas.com

The Oil & Gas industry in the Middle East is in the process of undergoing a sea change, with many regions’ conventional oil and gas reserves facing depletion. In the US, it is easy to turn to fracking with its abundant water supply and 20-odd years of experience, however, in the Middle East region, it is not so easy to tap these unconventional reserves.

Saudi Arabia has announced that it has massive unconventional gas reserves, this would ease its reliance on oil for energy, and therefore boost crude oil exports, bringing in more revenue.

However, the question is, how long will it take to get the shale gas out of the ground, bearing in mind that infrastructure must be built to access those very remote gas fields. The second question is how are they going to frack those gas reserves without the billions of litres of fresh water needed to... more...

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Labels:Saudi Arabia COMMENT BLOG Industry Trends oil & gas industry
 




27 Sep
2011

MEOS 2011 - Brilliant Fact of the Day
Posted by: Arabian Oil & Gas Staff


MEOS 2011 - Brilliant Fact of the Day
Indrajit Sen is the deputy editor of Oil & Gas Middle East magazine and the co-editor of arabianoilandgas.com

MEOS Day 2: Fact of the Day

There are 32,000 trillion cu ft of unconventional gas in the world, 3,300 trillion of which is in the Middle East.

Source: H S Al Manwani, Saudi Aramco
 

 

more...

 1 Comments

Labels:Gas BLOG
 


09 Jun
2011

Big debate: How do you solve a problem like OPEC?
Posted by: Patrick Osgood


Big debate: How do you solve a problem like OPEC?
Indrajit Sen is the deputy editor of Oil & Gas Middle East magazine and the co-editor of arabianoilandgas.com

In a comment piece today, I make the case for OPEC's impending implosion, following their disastrous meeting on Wednesday in which the member countries could not agree over oil production, despite predictions they would do so.

Following news that Saudi Arabia is ready to pump as much oil as the market needs, I say:

"the largest member of OPEC is simply ignoring the cartel’s inactions that these days pass for decisions, despite the obvious rage this will cause and the risk it poses to the integrity of the cartel itself. It would be difficult to imagine a more stark rejection of... more...

 1 Comments

Labels:OPEC BLOG
 




19 Apr
2011

Is Dubai wise to diversify its power generation?
Posted by: Emran Hussain


Is Dubai wise to diversify its power generation?
Indrajit Sen is the deputy editor of Oil & Gas Middle East magazine and the co-editor of arabianoilandgas.com

Dubai's Supreme Council of Energy is planning to reduce the Emirate's dependence on gas consumption for its electricity genertion needs from 90% to 70% as part of its plans to diversify its energy sources.

Nejib Zaafrani, CEO of the Council's planning body said that it is is studying plans to start producing power from clean coal and solar energy by 2020 and from nuclear plants by 2030.

Whilst Dubai is a rich hub of business and real estate activity, it hardly produces enough oil to support its burgeoning infrastructure - the Emirate produces less than 4% of the UAE's oil.

We'd like to know whether or not you believe the initiative taken by Dubai to broaden its energy sources serves as a model for the rest of the Gulf region. If you live in the region, would you support such policies in your country, and what, if any steps is your government taking to diversify... more...

 8 Comments

Labels:lng Gas Dubai BLOG
 




09 Dec
2010

How will oil at US$90 affect Oil & Gas industry?
Posted by: Emran Hussain


How will oil at US$90 affect Oil & Gas industry?
Indrajit Sen is the deputy editor of Oil & Gas Middle East magazine and the co-editor of arabianoilandgas.com

As crude hovers near the US$90 mark, OPEC members seem to be quite comfortable with allowing the price to finally hit this ‘magic’ number. According to analysts $90 per barrel will not trigger the pumping in of extra oil into the market as the oil cartel is reluctant to fiddle with its official output targets.

If the world’s major oil producers are unlikely to budge on production quotas, there is sure to be a knock-on affect on worldwide oil and gas development and the Middle East would be no different in this regard, although the hydrocarbon-rich region could certainly absorb the blow.

World oil demand is being led single-handedly by China’s massive economy with its voracious energy demand. This could see global demand grow by 2 million barrels per day (bpd) to over 86 million bpd bringing it back up to the pre-economic-downturn levels seen... more...

 14 Comments

Labels:BLOG prices Oil & Gas
 




06 Jul
2010

Royal prerogative: Is Saudi Arabia's King right?
Posted by: Daniel Canty


Royal prerogative: Is Saudi Arabia's King right?
Indrajit Sen is the deputy editor of Oil & Gas Middle East magazine and the co-editor of arabianoilandgas.com

Saudi Arabia's King Abdullah has been quoted in newswires ordering a halt to oil exploration operations, in order to save the hydrocarbon wealth in his Kingdom for future generations.

But exploration itself is all about learning more, investigating the resources and reservoirs, and looking for new finds. The "E" in E&P doesn't necessarily drive the "P", or does it? 

On the one hand, exploration activity conducted now might represent something of a bargain, still way below the crazy costs which materialised when oil was $147 a barrel, when every man and his dog wanted to know whether there was oil beneath his feet.

However, once a resource is known about, there will be the overwhelming temptation to start pumping it out the ground, flooding national coffers with petro dollars, which in turn can stimulate massive public spending... more...

 29 Comments

Labels:Saudi Arabia BLOG Oil & Gas
 




31 May
2010

NEW VIDEO: Deepwater Horizon survivor account
Posted by: Arabian Oil & Gas Staff


NEW VIDEO: Deepwater Horizon survivor account
Indrajit Sen is the deputy editor of Oil & Gas Middle East magazine and the co-editor of arabianoilandgas.com

This video features the Deepwater Horizon tragedy survivor Mike Williams being interviewed on US television show 60 Minutes. The clips have attracted nearly 40,000 views since it was first posted earlier this month.

Part One:

 

Part Two:

 

Part Three: more...

 2 Comments

Labels:BP oil spill Transocean Gulf of Mexico BLOG oil spill response Deepwater Horizon
 







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