Archive for the ‘OTC’ Category
OTC: IHS’s Fryklund: Deepwater will be vital to maintaining global supply
May 5th, 2015 by Latest News
A major challenge ahead for the offshore oil and gas industry will be figuring out how to fill the 50 million-b/d gap in liquids production that will be needed to match rising demand by 2040, IHS Energy Chief Upstream Strategist Bob Fryklund told atten…
The Canadian province of Nova Scotia reported the addition of seven new offshore blocks in its deepwater region May 5 at the Offshore Technology Conference in Houston.
OTC: Brazil’s 13th bid round will be concession model, energy minister says
May 5th, 2015 by Latest News
Brazil will use a concession model rather than a production-sharing model in the country’s 13th bid round later this year. The 269 blocks to be auctioned in the fourth quarter are outside of the presalt area and can be explored by any operator without a Brazilian partner, said Eduardo Braga, Brazil’s minister of mining and energy.
OTC: Indonesia seeks paradigm shift in developing western deepwater assets
May 5th, 2015 by Latest News
Indonesia is working to change the way it develops its oil and gas resources, according to Ir. I Gusti Nyoman Wiratmaja, Indonesia’s acting director general of oil and gas. “Our vision is to enact a paradigm shift in the way we develop our energy resources,” Wiratmaja said May 4 at an “Active Arena” panel discussion at the Offshore Technology Conference in Houston.