Exploration will reveal whether The Empty Quarter lives up to its name
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... 15 Comments Labels: Saudi Arabia
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Exploration will reveal whether The Empty Quarter lives up to its name
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...
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Exploration will reveal whether The Empty Quarter lives up to its name
A remotely operated vehicle uses a saw to cut a ruptured pipe in preparations to stop a leak at the site of the Deepwater Horizon tragedy, May 3, 2010.
The ROV was critical in completing the subsea operations and stopping one of the three leaks. Video provided by courtesy of BP.
BP and the US Coast Guard are spearheading what is thought to be the largest ever oil spill response operations out of Louisiana on the Gulf of Mexico. Their mission to clean up millions of gallons of oil which have gushed into the sea following an explosion and fire which destroyed the Transocean semi submersible drilling rig Deepwater Horizon.
Have you been... more... 4 Comments Labels: BP
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Exploration will reveal whether The Empty Quarter lives up to its name
This gas blowout in Alaska is one of the most fierce caught on camera. This shocking footage shows the importance of blow out protection and the dangers the drilling sector faces every day.
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Exploration will reveal whether The Empty Quarter lives up to its name
In March 2005 several explosions and a fire occured during the startup of the isomerization unit at the BP Texas City refinery. The below video explains how and why the accident happened and what could have been done to prevent it.
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Exploration will reveal whether The Empty Quarter lives up to its name
Mother nature can be an oil tanker's worst enemy, and this video footage shows just why. Ignore the horrendous Bulgarian folk music and what you'll see below is truly breathtaking. As Alan Partridge would say: crash, bang, wallop - what a video.
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Exploration will reveal whether The Empty Quarter lives up to its name
Our friends from Maesrk have kindly provided us with a virtual tour of the world's largest jack-up structure.
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Exploration will reveal whether The Empty Quarter lives up to its name
Footage from the recent oil spill at Port Arthur in southeast Texas. Great news to hear that no-one was injured in the ollision that caused the spill or that no wildlife is believed to have been effected.
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Exploration will reveal whether The Empty Quarter lives up to its name
A quirky story today’s edition of the UK newspaper The Times reports that a company called King Street Energy to develop ten underground salt caverns in the North West of England into an enormous gas storage facility.
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Exploration will reveal whether The Empty Quarter lives up to its name
Europe is currently being hit by freak cold weather and while this may be good news for Qatar and Russia it's not so good for those brave men and women out on oil rigs in the North Sea.
No footage has yet been posted from this year's storms and cold snap, but we found this video which may give you an idea of what they are having to put up with.
If there are any readers out in the North Sea who can send us some video footage then please email and we'll post it on the blog.
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Exploration will reveal whether The Empty Quarter lives up to its name
Our friends from the EIC have asked us to remind EIC members about the forthcoming lunch in Abu Dhabi: Opportunities with Petrofac Emirates on January 25.
The guest speaker at the lunch is the CEO of Petrofac Emirates, Peter Warner. Peter will be giving some background on the company, a joint venture between the Abu Dhabi government investment arm Mubadala and Petrofac.
Tickets for the lunch are selling out fast and for this reason it is unlikely that non-members of the EIC will be able to come along to the event.
If you require more information about this event or would like more information about becoming a member of the EIC then please click here .
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Exploration will reveal whether The Empty Quarter lives up to its name
Being a sociable lot ArabianOilandGas.com always welcomes a good networking event and we are delighted to report on the return of a legendary Dubai tradition that has recently been resurrected.
The Oil Field Get-together was held recently at Ruth’s Chris Steak House in The Monarch, Dubai and was reported to have been an unqualified success. The event, sponsored by Momentum Engineering, was enjoyed by all attendees and is now going to be held on the third Thursday of every month.
The next OFG is planned for January 28 and we’ll be there with a photographer to cover the event. If you would like some more information or would like to book your place please call +971 4 501 8666.
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Exploration will reveal whether The Empty Quarter lives up to its name
The ArabianOilandGas.com blog likes to keep its readers abreast of all the technological advancements happening in the oil and gas world. However, sometimes these advancements can benefit mankind in ways other than securing the world’s energy future.
Our friends from GE have come up with a new design for Santa’s sleigh using all of the technological achievements its boffins have dreamed up in 2009. If the big man uses this bad boy then the kids should have no worries about getting their presents this Christmas.
The new ideas for the sleigh design are:
A new frame for the sleigh made from GE’s specialized carbon fiber composite materials that are lighter and stronger to speed travel from house to house.
Ultra-light, super durable blades made from ceramic matrix composites (CMCs) instead of metal to enable more efficient... more... 0 Comments Labels: BLOG
Exploration will reveal whether The Empty Quarter lives up to its name
Petroleum Intelligence Weekly has recently released it’s list of the world’s 50 largest oil companies and to the absolute astonishment of the whole hydrocarbons industry, Saudi Aramco finished in the number one position.
Here are the top 10 from this year’s list.
Saudi Aramco (Saudi Arabia)
NIOC (Iran)
Exxon Mobil... more... 0 Comments Labels: BLOG
Exploration will reveal whether The Empty Quarter lives up to its name
It's been an interesting few days for the oil and gas industry in the Middle East as two big conferences drew delegates from all over the world.more... 0 Comments Labels: BLOG
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The King is calling for a halt to exploration, but do you agree?
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