Petroleum Review - August 2012
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Charez Golvala, Partner at Chadbourne & Parke LLP
BULK STORAGE – GLOBAL DEVELOPMENTS
Life in the old dog yet
Northern Europe’s oil and petrochemical hub remains firmly located in the Amsterdam, Rotterdam and Antwerp (ARA) region, but growing congestion, rising trade volumes and an increasing array of products means that the hub is having to spread itself out.
BULK STORAGE – ASIA-PACIFIC
Tanks for the business
Tank terminal storage capacity has grown across the Asian region over the past decade as oil refiners and independent terminal operators have built new tank facilities to keep pace with expanding demand, writes David Hayes.
BULK STORAGE – REVIEW
Sea change in oil storage
The bulls in the oil market are all but gone as a bear market gathers pace and the price of oil falls, and concerns about decreasing demand outweigh a perceived threat to supply. International oil companies have for some time been divesting the downstream part of their businesses to concentrate on the upstream side. Mott MacDonald Oil and Gas Director Azfar Shaukat talked to Ian McInnes about the ongoing sea change in the oil storage business.
EASTERN EUROPE – GAS STORAGE
Promising Czech gas prospects
Russia’s Gazprom is shoring up its position in the Czech Republic’s developing gas market, reports Michael Stein in Prague.
BG ENERGY CHALLENGE 2012 – RESULTS
Energy industry rises to fundraising challenge – raising over £200,000 for charity
It was three action packed days for the two hundred participants who headed to a rainswept Dartmoor National Park for this year's BG Energy Challenge 2012 – UK. Thirty-three teams, including a team from media partner, the Energy Institute, helped raise £200,000 for benefiting charities CARE International and Sparks.
WORLD – E&P ANALYSIS
Oil prices soar but production growth slows to 1.33% in 2011
The 2012 BP Statistical Review of World Energy continues a 61-year tradition of providing a comprehensive data source for all those who use and analyse energy supply and demand data. The latest edition, which came out in June, shows readers how the energy industries coped in a year of major supply disruptions and record oil prices, reports Chris Skrebowski.
ENERGY INSTITUTE – CADMAN AWARD
Sir Frank Chapman FEI, Chief Executive, BG Group, is the latest recipient of the Energy Institute’s prestigious Cadman Award, which this year was sponsored by ABB Consulting. In his lecture, Sir Frank discussed the fast-paced evolution of the LNG industry.
ENERGY SECURITY – LEGAL
Piracy, shipping and oil and gas operations
Piracy is an age-old problem – where there have been ships and commerce, there have been pirates, writes Ewan C Neilson, Partner and Head of the Corporate Department of law firm Stronachs.
ENERGY SECURITY – PERSONAL SECURITY
New terror regime in the oil fields
Declining trends in violence are in reverse as the paramilitaries and Al-Qaeda-affiliated groups renew attacks against workers and energy infrastructure around the world, writes Nigel Bance.
SAFETY – DISASTER MANAGEMENT
Principles of disaster management
Contingency planning and flexibility are key to effective disaster management, as Nick Stocker, Latin America Regional Director at NES Global Talent, explains.
CORROSION MANAGEMENT – OFFSHORE
Corrosion management in long-term focus
Faced with ageing infrastructure offshore and extended lifecycles, the oil and gas industry has seen stringent demands for improved planning, monitoring, inspection, maintenance, test and corrosion/erosion management, reports Brian Davis.
CORROSION MANAGEMENT – PROTECTIVE COATINGS
Taking the initiative
As global demand continues to grow for oil and gas, and energy prices increase, E&P companies are drilling ever deeper and targeting new regions with extreme climates and environments. This, in turn, has led to much development and innovation in the protective coatings sector, writes M J Deschamps. The goal is to make production more efficient and safer, by helping to protect the rapidly expanding number of pipelines and other onshore and offshore equipment from the effects of cold climates, deepwater environments and more.
RUSSIA – GAZPROM
From national champion to energy orphan
Even the biggest reserves and the largest export markets cannot shelter state -controlled energy companies from the consequences of political manipulation, writes Maria Kielmas.
RUSSIA AND EASTERN EUROPE – GAS
What’s in the pipeline?
What does the South Stream gas pipeline mean for the Balkan states? asks Zlatko Conkas in Serbia.
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Accompanying Petroleum Review August was the 2012 edition of the Future Skills supplement from the Energy Institute.