Looking ahead, not back

It’s mid-February, and thank the petroleum gods and goddesses for that. For the OGJ technology editors, it means the 2016 conference season is about to kick off, and it couldn’t be arriving at a more critical time for this industry. Source: News

Low oil prices push liberalization of GCC project finance

Slumping crude prices are forcing oil-producing countries of the Gulf Cooperation Council to finance projects with funding sources other than national treasuries and bank debt, including capital markets and private investment. Source: News

BHI: US rig count loses 30 in latest drilling dive

The US drilling rig count plunged 30 units to 541 during the week ended Feb. 12, continuing another interval of steep declines amid a drilling slump that stretches back to late 2014. All but two units to go offline this week were oil-directed. Source: News

Green named president of Chevron Asia Pacific E&P

Stephen W. Green has been named president of Chevron Asia Pacific Exploration & Production. Green, who’s position is effective Apr. 1, succeeds Melody B. Meyer, who is retiring. Source: News

Woodside makes second gas discovery offshore Myanmar

Woodside Petroleum Ltd. reported that the Thalin-1A exploration well on Block AD-7 in the Rakhine basin intersected a gross gas column of 64 m, and 62 m of net gas pay is interpreted within the primary target interval. Source: News