World Oil's round up of the day's Oil & Gas news; just in time for your commute home.
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Switch on to BOBST's official podcast; exploring the digitization of the packaging industry. The Switch on podcast sees monthly episodes featuring one to one conversations between our host (and Editor of Packaging Europe) Elisabeth Skoda and her latest guest, in which they discuss all things digital and tech within the packaging world. Each episode zones in on a specific topic within Connected Services, so make sure to explore the list of past episodes to find out more about the cutting-edge ...
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A New Era; Digital Twins and Predictive Maintenance with Benoit Bessonneau at BOBST
10:28
10:28
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10:28In this episode, Benoit Bessonneau, Head of IoT Services at BOBST, joins Elisabeth. Benoit reflects on the past 10-years of IoT at BOBST, then looks to the future of predictive maintenance. He discusses the new technology Digital Twins; and how BOBST plans to use it to improve machine efficiency.By BOBST
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The role of IoT in Quality Control at BOBST with Benjamin Carron
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15:29
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15:29In this episode, Elisabeth speaks to Benjamin Carron, Technical Product Marketing Manager at BOBST. Benjamin discusses the importance of quality control and IoT’s critical role within this. He shares how BOBST has overcome the challenges of inspection; through multi-light, up-to-date innovation, and digital twinning, as well as touching on his time…
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How to improve machine efficiency with Remote Assistance at BOBST with Andrea Cassi
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11:55
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11:55In this episode, Elisabeth speaks to Andrea Cassi, Regional Sales Manager of South Europe Connected Services at BOBST. Andrea discusses Smart Working, how AR at BOBST is reducing machine downtimes and in turn improving efficiency, and the exciting prospect of Predictive Maintenance.By BOBST
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Why Data is the Oil of IoT with Mathieu Robyr
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12:12In this week’s episode, Elisabeth Skoda and Mathieu Robyr, Global Sales Development Manager of IoT at BOBST, focus on the importance of data in IoT. Mathieu discusses the importance of data security, how customers are capturing and using data to their benefit, and why he thinks IoT will revolutionise the world.…
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All things IoT at BOBST with Manfred Bauer
11:44
11:44
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11:44In this episode, Elisabeth Skoda Editor of Packaging Europe speaks to Manfred Bauer, Product Specialist for Connected Services at BOBST. Manfred discusses BOBST’s journey with IoT, the challenges they have overcome to implement the new technology, and the benefits it will bring to their customers.By BOBST
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Russia ready to open the OPEC+ taps as the U.S. dials back its Arctic drilling plans
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22:11
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22:11In this episode, World Oil editors discuss The North Face doubling down on its principled stand against well-paying American jobs, Russia wants to see OPEC+ production rise in February, and U.S. land regulators shrink Alaskan oil lease acreage.By Cameron Wallace, Digital Editor at World Oil
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Biden prepares to tackle fossil fuels in the U.S. and abroad
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25:29Joe Biden's cabinet picks, and his interest in working with China to stage elections in Venezuela, will make 2021 a transformative year for fossil fuels. Wall street is already looking at ex-U.S. energy producers take up the mantle of growth from domestic shale plays, and an increasing drilling rig count suggests operators are trying to get ahead o…
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As the world focuses on climate change targets, the Middle East doubles down on oil (with U.S. producers' help)
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29:29With the Paris Agreement's decarbonization plans suddenly not ambitious enough for the West, key Middle East producers see an opportunity, and are putting serious money down to cover their bet. In this episode, World Oil editors take a look at how ambitious renewable energy programs will depend on oil and gas technology to come to fruition, review …
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There's something rotten in the state of Denmark's grand energy plans
23:24
23:24
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23:24It's a tale of two cities with the EU's largest oil producer swearing off production by 2050, as OPEC+ stalwarts Saudi Arabia and the UAE grapple over who will lead the group's drive to meet the world's future oil demand. World Oil editors discuss Denmark's grand plan to lead other oil-producing nations into OPEC's pocket, and how a climbing rig co…
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Internal divisions and a historic demand split complicate OPEC's oil production plans
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22:46
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22:46When OPEC+ meets this week in Vienna to decide how and when to increase oil output, impatient member states, surging Libyan production, and Chinese demand splitting off from the West will create headaches for ministers. Also, World Oil editors discuss how Arctic drilling plans in the U.S. and Norway are being motivated less by economics and more by…
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From chess match to street fight: The world's courtrooms are the battleground for the future of fossil fuels
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25:36
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25:36In Alaska, Michigan and Norway, partisans on the left and right are sparring in the courtrooms to implement their vision for the future of energy. Operations from small shale plays to multi-billion-dollar offshore installations suddenly hang in the balance as the regulatory outlook becomes increasingly cloudy. World Oil editors discuss a few of the…
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Climbing rig counts may signal a turnaround, but that's no comfort for Exxon Mobil
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20:07Despite increased drilling activity and strong Q3 results across the board for the supermajors, Exxon Mobil spent the week slashing headcount and planning major asset sales to meet its dividend commitments. In this week's podcast, World Oil editors take a look at where drilling activity is picking up, and what that means for the timeline of a turna…
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What the drilling rig count's ongoing climb says about the future of crude oil production
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17:02While opinions differ on oil demand and production rates, a fourth week of growth in the rig count appears to prove some projections right, while invalidating others. World Oil editors discuss how the rig count reflects the magazine's recent Mid-Year Drilling Forecast outlook, and what more drilling means for some other industry leaders' ideas on t…
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Will a flurry of oilfield M&A activity spur innovation in fossil fuels?
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22:05
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22:05The past few weeks have seen extensive merger and acquisition activity in oil and gas, from new operators consolidating legacy field holdings to new, up-and-coming oilfield services providers. In today's podcast, World Oil editors review how these companies are positioning to drive a step change in how fossil fuels are explored and produced.…
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Despite traders' weak demand outlook, oil and gas drilling activity continues to rise
19:55
19:55
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19:55This week, World Oil editors discuss a seeming disconnect as drilling activity across the board continues to rise, while oil traders are expecting a long road to demand recovery. Also, Venezuela and Iran flout U.S. trade sanctions with more crude and refined product shipments; and Libya's post-civil-war oil export recovery looks set to create chall…
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Political moves, both current and projected, are placing outsized influence on U.S. and Canadian oil markets
22:58
22:58
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22:58While Canada's leaders promise measures to protect oilfield livelihoods, shale drillers in the U.S. are working to minimize the effects of a potential Biden victory. In this week's podcast, World Oil editors discuss the scope and viability of a plan in Newfoundland and Labrador to ensure a future for the offshore oil and gas sector, as well as the …
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BP makes its peak oil demand prediction amid historic drilling trends in the U.S. and abroad
22:58
22:58
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22:58BP has boldly claimed that global oil demand will peak in the next ten years in its 2020 Energy Outlook. In this week's episode, World Oil editors discuss that prediction, BP's track record on such models in the past, and take a look at some emerging trends in the upcoming World Oil 2020 Drilling Forecast reveal how future production capacity may m…
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Are the oil industry's opportunities for post-coronavirus recovery dwindling in North America?
20:48
20:48
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20:48In this week's podcast, World Oil editors discuss how legislative activities, a smaller labor pool, and harsh economic realities are impacting options for oil and gas sector growth in North America's post-coronavirus economy.By Cameron Wallace, Digital Editor at World Oil
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In a post-Schlumberger world, how will the new frac services landscape change the way shale explorers operate?
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22:06
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22:06Between Halliburton and Liberty Oilfield Services, hydraulic fracturing's two major players have fundamentally different field capabilities and technology ambitions. World Oil editors Kurt Abraham and Cameron Wallace discuss how the differing strategies these two companies offer will change how operators large and small will approach future shale p…
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Are oil prices stable enough to support a U.S. shale drilling recovery?
18:38
18:38
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18:38World Oil Editor-in-Chief Kurt Abraham and Digital Editor Cameron Wallace discuss how recent land drilling activity, and the oil price's resilience to external factors suggest that pieces may be coming into place to support the start of a U.S. shale recovery.By Cameron Wallace, Digital Editor at World Oil
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How "lower for longer" has become the new baseline for the oil and gas industry
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13:50As forecasts show no near-term end in sight for depressed oil demand, operators are making dramatic adjustment to meet the new oil and gas industry reality. World Oil's Kurt Abraham and Cameron Wallace discuss how another record low rig count, projections for continued demand weakness across the board, and dramatic CAPEX budget cuts demonstrate a c…
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Negative impacts of record-low drilling activity reverberate across the oil and gas industry
21:55
21:55
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21:55From bankruptcies and asset fire sales to job losses and record declines in crude production, drilling activity levels not seen since 1940 are affecting every corner of the oil and gas industry. In today's podcast, Kurt and Cameron explore this new low-output reality, how companies large and small are maneuvering to survive, and the potential effec…
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With oil's supermajors in distress, can smaller independents step up and lead a recovery?
24:45
24:45
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24:45A disconnect between drilling activity and supermajors' earnings may reveal a shift in industry leadership, as evidence that the oil and gas industry is reaching a bottom emerges.By Cameron Wallace, Digital Editor at World Oil
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As the oil industry struggles, are national leaders waiting until it's too late to intervene?
27:03
27:03
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27:03As major service companies present their Q2 earnings results, they are offering what is perhaps the industry's leas-politically-biased assessments of future oil and gas demand - and it contradicts where OPEC+ and the IEA want to lead the market in the coming quarters. In Canada, the industry's hardest-working trade association puts Ottawa's Seamus …
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What lessons are oilfield service companies applying from downturns past to succeed today?
23:28
23:28
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23:28Using the differing fates of BJ Services and Halliburton as an example, in today's podcast Kurt and Cameron discuss how the last major downturn of the early 1990's taught service companies some harsh lessons, and their survival may hinge on how those lessons are applied in today's Covid-19 fueled downturn.…
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Is Warren Buffett's $10B natural gas spend a bet against decarbonization?
23:33
23:33
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23:33Buffett sees a longer future for natural gas in the U.S., encouraging signs of a recovery in drilling continue to emerge, and the UK seeks to put an expiration date on internal-combustion vehicles.By Cameron Wallace, Digital Editor at World Oil
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How might Joe Biden and his new $2 trillion climate plan affect the energy industry?
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17:10
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17:10A billion here, a billion there, and soon enough you're talking about real money... Kurt and Cameron explore Joe Biden's multi-trillion-dollar climate change plan, what it means for the energy industry, and how it compares to his previous large-scale infrastructure programs. (Spoiler: there's a reason you won't hear him say "shovel-ready jobs" on t…
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As the U.S. drilling decline continues, Canada's offshore industry puts Ottawa on the spot
19:42
19:42
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19:42In today's episode, World Oil Editor-in-Chief Kurt Abraham and Digital Editor Cameron Wallace review new drilling rig count numbers that look like they need to get a little worse before they get better; take a look at now Canada's offshore Newfoundland & Labrador trade association, Noia, is offering a textbook example of how to push for government …
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Warren Buffet picks up the pieces as the U.S. oil industry is battered by legal, regulatory and financial challenges
21:31
21:31
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21:31World Oil Editor-in-Chief Kurt Abarham and Digital Editor Cameron Wallace discuss the near- and longer-term effects of the Dakota Access pipeline shutdown on U.S. shale, legal precedents being set and who stands to benefit. Also, Pemex appears to be tightening its grip around the neck of the golden goose that is Mexico's oil and gas industry.…
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Is the drilling rig count finding a bottom?
22:07
22:07
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22:07As the working rig count reaches historic lows, World Oil Editor-in-Chief Kurt Abraham and Digital Editor Cameron Wallace take a look at what it means for future production and inevitable consolidations to follow. Can technical innovation lead the industry out of the wilderness?By Cameron Wallace, Digital Editor at World Oil
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As oil demand sentiments diverge on a national and an operator level, are production plans evolving to keep pace?
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23:20
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23:20From OPEC stalwarts down to individual producing companies, oil price and demand projections are dividing into two separate camps. World Oil's editors review some of these key differences, and what they mean for crude production plans.By Cameron Wallace, Digital Editor at World Oil
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Are crude production models ignoring rig count and oil price realities?
21:21
21:21
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21:21World Oil Editor-in-Chief Kurt Abraham and Digital Editor Cameron Wallace review the Dallas Fed's recent oil production survey, and discover a "split personality" between production estimate and pricing models that could lead to an oil supply shock in 2021. Service companies' role in record-breaking U.S. oil production rates, as well as Russia's mo…
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U.S. crude finds new markets as shale producers enter a critical phase
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16:22
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16:22A key element of Australia's LNG ambitions is up for grabs, OPEC+ compliance drives buyers to U.S. crude, Deloitte projects a challenging earnings season for shale, and New Mexico's state budget feels the sting of low oil prices.By Cameron Wallace, Digital Editor at World Oil
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As oilfield job losses mount, is a resurgence in U.S. shale production on the horizon?
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19:59
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19:59Kurt and Cameron explore PESA's research into oil and gas job losses and their impact on the economy, what new rig count numbers mean for oilfield service companies, and the potential for Continental Resources to lead another U.S. shale production trend.By Cameron Wallace, Digital Editor at World Oil
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Kurt and Cameron explore the potential impact of gas flaring reforms in Texas, what a "new normal" might be for global demand, and why IEA and EIA projections diverge.By Cameron Wallace, Digital Editor at World Oil
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Weekly Preview: Are Chesapeake's fortunes the end of an era in U.S. shale?
24:44
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24:44A new green energy era begins in the North Sea as the U.S. shale market transforms, and slumping rig counts question the industry's ability to respond to an increase in oil demand.By Cameron Wallace, Digital Editor at World Oil
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Kurt and Cameron review the impact of the new OPEC+ deal on oil prices, suppliers, buyers, U.S. shale operators and more.By Cameron Wallace, Digital Editor at World Oil
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Weekly Preview: Risks and rewards in the new OPEC+ deal
12:47
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12:47On Saturday. the OPEC+ alliance ratified its agreement to extend oil production cuts through the end of July. That agreement has a lot of moving parts, and it relies on strict compliance from countries that don’t have a good track record of adhering to quotas. The deal also represents a new, more sophisticated approach by the cartel to proactively …
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Kurt and Cameron discuss some bold hypotheses for an accelerated OPEC+ meeting this week, along with potentially troubled waters for the global natural gas market.By Cameron Wallace, Digital Editor at World Oil
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Our look ahead the coming week, including how drillers' ability to react to a demand increase could be impacted by technical and human capital limitations.By Cameron Wallace, Digital Editor at World Oil
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We discuss how talent acquisition, career development and diversity will evolve in the energy sector post-pandemic, with Airswift CEO Janette Marx.By Cameron Wallace, Digital Editor at World Oil
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World Oil Editor-in-Chief Kurt Abraham reviews Canadian trade associations' proactive efforts to support oil and gas operations, and that strategy's importance in the face of new IEA comments.By Cameron Wallace, Digital Editor at World Oil
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Key trends for the coming week, including how industry groups' response to low oil prices differ dramatically in the U.S. versus other producing nations, China's big plans for its economy, and investment analysts turning their backs on key sectors of the industry.By Cameron Wallace, Digital Editor at World Oil
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Mr. Arindam Das, head of consulting at Westwood Global Energy Group, discusses where energy sector companies must focus to meet capital markets' new expectations, both to survive the downturn and to act advantageously as stabilizing markets present new opportunities. Understanding how capital markets gauge companies' investment value after the oil …
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Analyst and author Simon Watkins discusses the real result of Saudi Arabia's production cuts, how recovering global markets impact large and small shale players differently, and what that means for the future of the industry. What were the Saudis' true motivations for production cuts; The cuts' financial impacts to the kingdom, and dwindling option…
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Oil reaches its highest price since March, which could lead to a new production imbalance, and Oxy is left holding the bag on a major asset sale.By Cameron Wallace, Digital Editor at World Oil
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Key trends for the coming week, including a couple of wild cards that could threaten the recovering global oil price and production balance. View the EIA's projections of depressed U.S. oil production and rig counts through 2021. View Craig Fleming's summary of Noia's town hall on threats to Canadian offshore production.…
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In today’s oil and gas operations, remote connectivity is not only making operations more cost effective, but it’s also making significant improvements in the health, safety, and well-being of personnel in the field. Thanks to new developments in satellite connectivity, advances that were once only technically and financially feasible for offshore …
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We look at the emerging evidence that production cuts are working, and how this is impacting oil prices.By Cameron Wallace, Digital Editor at World Oil
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A look at the trends for the coming week, including how production cuts are affecting near-term supply worldwide, where we can anticipate demand growth to start taking place first, and just what it will take from an operational standpoint to restart production.By Cameron Wallace, Digital Editor at World Oil
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