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Oil investors must be getting dizzy. In the two months since OPEC began talking about capping production, speculators’ sentiment has swung wildly, with government and exchange data showing the four biggest weekly position changes ever for the two global benchmark crudes. The latest shift is to optimism, with money managers the most bullish on West […]
Increased automation and digitalization in the oil and gas industry will shake up employment opportunities and create new roles in the sector, suggests Thomas Sparks, head of strategy at Siemens Oil & Gas. “Traditional job profiles in the oil and gas industry will change,” Sparks told Rigzone. “Onshore training, remote operations centers, manufacturing based on […]
Fiscal Bonds are required by the Tax Authority to ensure compliance with taxpayer obligations of a procedure in the event of a disagreement. Within the range of the offer in this sector, we find the nonconformity fiscal Deposit, which guarantees the payment of taxes, fees, fines, licenses, etc., while the appeal of inconformity requested by […]
Oil and gas industry conditions stand to gain strength after 2017, in a confluence of growing demand and a collapse in no-shale capacity, according to an end-of-quarter report from Morningstar in Chicago. “We are increasingly bullish on oil prices rallying in the medium term, and have raised our WTI forecast to $65/bbl for 2018, which […]
International oil companies are reaching out to Brazil after it opened its most promising offshore region to increased competition, a move welcomed by Petrobras Chief Executive Officer Pedro Parente as he seeks partners to spread investment costs. Producers rushed to contact Houston-based Brazilian officials last week after Congress removed a requirement that Petrobras control operations […]
A line of bonds work as a credit line with the surety that allows companies to have sufficient capacity to ensure their contracts short or long term as well as bonds issued shortly benefiting expediting procedures and trade relations. Line bonds grow in direct the type of guarantees that the client provides surety companies proportion […]
Oil halted gains after rising above $50 a barrel in London for the first time in more than three weeks, as plans by some OPEC members to boost output raised doubts the group will be able to implement its production cut in November. Brent futures fell 0.4 percent in London after advancing 6.9 percent last […]
Officials from Mexico, the United States and Cuba met on Thursday for a second round of talks on the limits of the Western Polygon, an oil-rich area in the waters of the Gulf of Mexico, two people close to the discussion said. Talks about who owns what is in the so-called “Doughnut Hole” were prompted […]
We have previously said that very few activities during oil well control occur as planned. It is precisely that point where we derive the importance of always keeping updated records because from these documents can know how to respond to such an eventuality. The records should be promptly during operation are: Closing pressure: they are […]
In a far corner of the Caribbean Sea, one of those idyllic spots touched most days by little more than a fisherman chasing blue marlin, billions of dollars worth of the world’s finest oil equipment bobs quietly in the water. They are high-tech, deepwater drillships — big, hulking things with giant rigs that tower high […]
