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2016

393590?max=1600The energy c-suite just gained another female, and the first ever in the history of INTECSEA.

Hearty congratulations to Geeta Thakorlal on her appointment to the position of president of INTECSEA. The oil and gas offshore engineering consultancy's first female president touts over 25 years of award-winning excellence in the international oil and gas sector.

Thakorlal, who takes over for outgoing president Neil Mackintosh, previously served as global head of INTECSEA's Offshore Select business and senior vice president for the INTECSEA Australia/New Zealand region. She has predominantly focused in upstream efforts for greenfield and brownfield offshore and onshore projects. Thakorlal has in-depth knowledge of leading businesses in a variety of roles and situations, spanning technical, commercial, and operational experience.

Her resume boasts a number of honors. Thakorlal was the Chamber of Minerals and Energy (CME) 2014 winner of the Women in Resources People's Choice Award, the 2014 Finalist of Outstanding Women in Resources in Western Australia, and was awarded the Female Champion of Change award by Consult Australia in 2015.

"I am deeply honored and excited to lead INTECSEA into the future," Thakorlal said. "I look forward to continuing Neil's good work and collaborating with all of our people to bring new perspectives and insights that make a difference to our clients and the wider oil and gas industry."

Geeta earned a Bachelor of Engineering degree in chemical and materials engineering from the University of Auckland. She is a Fellow of the Institute of Chemical Engineers and a Fellow of the Institution of Engineers Australia.

We hope to bring Geeta to a Pink Petro TV or HERWorld segment in the near future. 

 

REUTERS

While many expect global oversupply of oil to ease in the near term, huge amounts of crude remain in vessels at sea and storage tanks on land as the rebalancing takes longer than some had anticipated.

 

"The narrative of a balanced oil market (in the second half of 2016) has so far been an illusion," UBS oil analyst Giovanni Staunovo said.

 

 

"Supply might actually increase in the near term with the further return of disrupted production and higher Middle East production, while demand growth is set to slow in emerging Asia."

 

Brent crude briefly fell to a more than two-month low of less than $46 per barrel before rebounding to $46.30 as of 0926 GMT, 10 cents higher. The contract closed 2.1 percent lower in the previous session, and is on track for a decline of more than 2.5 percent for the week.

 

U.S. West Texas Intermediate traded as low as $44.25 a barrel before bouncing back to $44.74, one cent below the previous close. It ended Thursday down 2.2 percent and is on track to close the week also more than 2.5 percent lower.

 

In the Middle East, Iraq's oil exports are set to rise in July, according to loading data and an industry source, putting supply growth from OPEC's second-largest producer back on track after two months of decline.

 

Falling prices in the United States, coupled with low shipping costs, have also encouraged traders to send U.S. oil to Europe, which would add to supply in the region.

 

This has helped the market shake off further disruptions in Nigeria, where the largest stream of crude is under force majeure and pipeline attacks have cut some 700,000 barrels per day from production, according to state oil firm NNPC.

 

While U.S. production has been falling, crude inventories are at 519.5 million barrels, historically high for this time of year, the government's Energy Information Administration said this week.

 

U.S. crude and oil product stocks rose 2.62 million barrels to an all-time high of 2.08 billion barrels as gasoline stocks posted a surprise summer build of 911,000 barrels.

 

Inventories of oil products have also been climbing in Europe and Asia, with gasoline stocks in the Amsterdam-Rotterdam-Antwerp hub at record highs and BMI Research warning of "brimming stockpiles" in Asia.

 

 

 

(Additional reporting by Keith Wallis in Singapore; Editing by Dale Hudson)

I ran across some information today and got to thinking.  So many people are looking to enhance their skills and there are so many different online courses.  I was wondering what courses are out there and thought I would share some I have seen.  I cannot endorse them because I have not taken any of them, but I was hopeful this would provide useful information and that others would share the online courses they may have taken.

 

Energy 101: The Big Picture

About this course: As a society and individually, we use energy every moment of our lives to improve our quality of life. Energy 101 will develop the big picture and connect the details of our energy use, technology, infrastructure, impact, and future.

Created by:   Georgia Institute of Technology

https://www.coursera.org/learn/energy-101#ratings

 

Fundamentals of Global Energy Business (FREE MOOC)

About this course: Learn about diverse and integrated markets for primary energy, and the essential considerations driving business leaders and policy makers in development of global energy resources.

Created by:   University of Colorado System

https://www.coursera.org/learn/energy-business

 

Politics and Economics of International Energy

About this course:

Energy issues have always been important in international relations, but in recent years may have become even more important than in the past due to the widespread awareness of existing limits to energy sources and negative climate impacts. The course discusses global trends in energy consumption and production, various available scenarios for potential developments in the coming decades, the availability of oil reserves and the evolution of the oil industry. It then discusses natural gas and highlights the differences between oil and gas. It will also discuss renewable energy sources, nuclear energy and EU energy policy. The course aims at providing students whose main interest is in international relations a background on energy resources, technology and economic realities to allow them to correctly interpret the political impact of current developments. It also aims at providing students, who already have a technical background in energy science or engineering, with the broad global view of energy issues that will allow them to better understand the social, economic and political impact of their technical knowledge.

 

Created by:   Sciences Po

https://www.coursera.org/learn/global-energy

 

images?q=tbn:ANd9GcTtmh9-WZhnxX4nWsdlmsjhMpB7AhSMsNAAY_RtZREsQsVFid3nIntroduction to Thermodynamics: Transferring Energy from Here to There

About this course:

COURSE DESCRIPTION This course provides an introduction to the most powerful engineering principles you will ever learn - Thermodynamics: the science of transferring energy from one place or form to another place or form. We will introduce the tools you need to analyze energy systems from solar panels, to engines, to insulated coffee mugs. More specifically, we will cover the topics of mass and energy conservation principles; first law analysis of control mass and control volume systems; properties and behavior of pure substances; and applications to thermodynamic systems operating at steady state conditions.

 

Created by:   University of Michigan

https://www.coursera.org/learn/thermodynamics-intro

 

The International Human Resources Development Corporation also has several e-learning courses found at:

Online Training, Online Courses, Web-based Learning Management System - Learning Management Express(LMX) - NexLearn

 

Their classes are as follows:

  • Industry overviews of the different sectors (upstream, midstream, downstream)
  • Upstream technology (petroleum geology, petroleum geophysics, drilling engineering, well completions, production operations, facilities design, reservoir engineering, well testing, offshore operations, wireline well logging, rock and fluid sampling, topics for non-engineers.
  • Operations and Maintenance (process operations, health, safety & environment, maintenance, control systems)

 

Another place to mention:

Lynda.com is not an energy classroom, but a great place to learn about areas you have interest or want to enhance skills like marketing, sales, HR, software, etc.

image3.jpgToo technical for industry, too business for academia...what's a girl to do?

 

Run to the mountains and go back to where it all started. As they say in yoga, "Get grounded." Literally...

 

 

Go back to the rocks, document what you see, describe geologic contacts and interpret with the latest well results and geologic play concepts in mind. These are a few of my key goals for my petroleum-based PhD field season.

 

What exactly do I do?

 

I describe and map rocks in the Flinders Ranges of South Australia. Why go to the Outback of all places? The rocks in the Outback provide field analogs for explorationists when drilling in various offshore salt basins such as the Gulf of Mexico, North Sea, Santos and Campos basins plus many more. All too often oil companies spend millions of dollars drilling wells and finding rocks that are completely the wrong age, wrong trapping configuration and contain absolutely zero hydrocarbons. The goal of my research is to help oil companies get creative, think outside the box while using technically sound geologic principals. Making discoveries, saving money and being kind to your colleagues is what it's all about.

 

 

As an explorationist one must always focus on the positive. 

 

image1[1].pngFinding your way through your early career is no easy task. Foraging into the unknown is exhilarating...might as well take a couple young, aspiring geologists along for the ride! I am a huge proponent of mentoring and passing on your best skills to the next generating in hope they will some day be better than you.

 

image2[1].jpgI am fortunate to have the opportunity to take Sarah Giles from Texas A&M  (LEFT) and Asmara Lehrmann (RIGHT) from Trinity University with me to South Australia. Both women are geology-declared undergraduate students with a bright future.

 

Keep an eye on our adventure as we take on the Outback as a fearless trio!

My phone has been buzzing, digging, and emails are pouring in.

 

Have you seen the news?  Did you hear?

I immediately go to google to put in my usual search terms: oil price news.  I mean it is the end of the worst first quarter we've had in a while and the carnage has been happening all week.

 

Here's what I saw instead.

 

Screen Shot 2016-03-31 at 8.52.22 PM.png

 

When I read about yesterday's arrest and the DOJ charge against OilPro.com, Founder, David Kent, all I could do was shake my head.  SMH. SMH. and SMH some more.

 

According to Reuters, Kent, 40, was accused in a criminal complaint filed in Manhattan federal court of stealing data of nearly 700,000 user resumes from Rigzone.com, which he had sold for $51 million in 2010, to boost OilPro. 

 

Wait...It gets worse.  Kent then tried to resell OilPro back to Rigzone.com's parent company, DHI Holdings using the very data he allegedly stole.

 

SMH!?

 

Do you want to shake your head with me? He scored $51 million dollars for the initial company and then he wanted something like $20M for the second. If I earned $51M, I'd take it and retire.  According to sources he was trying to sell OilPro this January to DHI.

 

As of today, the site was down.  I checked a few moments ago, and there's been a page put up informing members of an "outage". 

 

Screen Shot 2016-03-31 at 8.22.37 PM.png

So, what was touted the world largest social network for professionals in oil and gas, is now in the hands of the US Department of Justice.  And I shake my head, sad. Because social technology has so much power for good.

 

We don't know the future of what OilPro will be, but what I know is that our industry still has a need to unite, connect, develop and grow in our careers.  The challenges ahead of us are immense with a need to collaborate around people, technology, and policy.  And now more than ever we need a place to create community.  We need to go beyond the job board and commodity view of people and go for value.  And that's what makes me proud of Pink Petro.  We are a community, not a charity, job board, club, association, organization or a network.  These terms irk me because they perpetuate the boxes, hierarchy, walls and turfs that create waste and greed.

 

And...let's be real. We don't have 500,000 profiles.  We don't have 50,000.  We're niche with 1000 members and I only expect that will grow with the right people. We're not free.  We want people who want to be here for a reason. Our supporters are inside industry and near the real challenges that need our collective inputs to solve... companies like Shell, Halliburton, and KPMG Global Energy Institute.  We're partners with communities like Lean In and WorkforceNEXT because we know the whole is better than the sum of our individual parts.  And let's face it.  Our community wants a different approach, and we're the brave ones to go after something new. 

 

And here's some more reality....quality and doing something different is about assuring meaning and impact.  And each and every one of you mean something not just to me, but to each other. That's how communities work.

 

So I'm going to lay claim that we are the only real community for energy professionals worldwide. We want to drive change in the workforce and supply chain.  We are inclusive of gender, ethnicity, culture and generation.  We care about the future and are working together to drive it.

 

So...tell your friends and colleagues -

 

We'd love you to refer a few.

 

Networks are complicated and can be hacked.  You can't hack or fake community. Thanks for being a part of building something great.

 

Sources:   Reuters initial story here and the Department of Justice case here.