how can I get experience in oil and gas production accounting?

Posted by admin on January 29th, 2010 and filed under oil and gas production | 1 Comment »

I have MBA degree, and i am studying oil and gas production accounting (CAPPA program), I am on level 3 and still need 2 levels to finish. I would like any help to start training so that when I finish my certificate I will be able to find a job. does any one know any of the Calgary companies who can help in accepting to train me. your help will be really appreciated. thank you

Start applying to production companies stating your course and what departments u wish to be employed in and u r willing to take a student/temp/contract position to gain experience. Research the companies before you write and use some of that info in your covering letter to show you are serious about their company

Has climate change, global warming and alternative energy made old dirty forms of power production obsolete?

Posted by admin on January 29th, 2010 and filed under global oil production | 3 Comments »

Especially when one takes into consideration these facts: the costs of cleaning up after the natural disastors they help cause, if they can even be cleaned up quickly and succesfully, (see the katrina clean up, then imagine one or two of those every year) can be prevented by in part not using them. The fact that new green clean power gets cheaper every day and coal, oil and other non-renewable energy sources get more scarce every day and are many times located in hostile areas. The fact that there would be great loss of life and habitable area and expense involved in nuclear power accidents or terror attacks. The fact that damage to the environment and the current mass extinction of species is caused by them from the climate change they help cause. And the most critical fact, the disruptions to the global food supply that will result from there continued use. http://en.wikipedia.org/wiki/Obsolescence
The abondonment of old dirty power would lead to an explosion of the green energy sector and that sector would be able to meet demand as it increases in size to fill it.
Why do something vastly more expensive and destructive then something else that will serve the same function in a much improved way?

A. Global warming is a scam. Most scientists are backing away from it now.

B. Since the price of crude oil is over $60 a barrel technologies like oil from coal and oil from the tar fields in Canada are now VERY profitable. There is 100 times more oil in these resources then in the ground in Suadi Arabia, Iraq and Iran COMBINED but the production of it produces way MORE pollutants. Oh Well…

C. There is no other viable fuel source right now. Oil is used for everything, not just your car (about 5% of usage) there is no other fuel source that even comes close to replacing it. Alternitive oil from coal and tar pits is the future., just watch…

Mexican Oil Production is Decreasing What Could be the Consequences ?

Posted by admin on January 29th, 2010 and filed under oil production | 3 Comments »

Mexican Corporation PEMEX has reported that they are going to use new techniques of oil extraction to curb the declining oil production at Cantarell field. They have also reported that the production(output) will continue to decrease at the rate of 10% per year.
The known facts are:
* Cantarell field provides almost half of it’s revenues to Mexican Government.
*Mexican government derives 40% of it’s income from oil.
*More than 10% of US oil imports come from Mexico (3rd largest supplier to US).

Anyways what could be potential consequences to the decline in Mexican oil production based upon above facts ?.

Besides the imminent increase in price, what could be other consequences that US faces ?.
Will decrease in Mexican government’s revenue indirectly have an effect on US ?.
What can we do to address these consequences ?.

Please be as specific as you can. I will really appreciate your input.

I have some special insight, being a US Citizen living in Mexico with family members that work for PEMEX.

The mexican government is horrendously corrupt at all levels. There are officials making hordes of money while more than half of the nation is below of the poverty level. Minimum wage is around $4usd per day in most of the country. The Meixcan government developed its oil industry from money lent by the US and other countries. It then proceeded to use that money to pay for its other debts, and construction, which drove it into bankruptcy. Mexico, due to its importance, then was able to force its lenders to "forgive" the loans. This also resulted in the reevaluation of the Mexican peso.

The Mexican government is still using the oil industry to pay for its debts and development, but unwisely. There’s always someone’s hand in the till grabbing at money. Public works are poorly executed and at very high rates, producing very few, very wealthy, and helping the poor very little.

If the Mexican government does not learn how to manage its money in a more effective and honest manner, they face a relapse of bankruptcy which is not good for anyone. Their government’s lack of providing for their people is the reason why the US has such a problem with immigration today. If the country goes into even deeper poverty, that problem will do nothing but get worse.

Mexico charges very high taxes to its people. Sales tax is 15%. Income tax is also high. Property taxes are fairly low. Vehicles have an additional tax placed above the sales tax, and luxury vehicles have an additional tax as well. Electronic imports are also taxes as luxury items, including computers. This makes education a difficult task when electronics are so expensive. Schools are poor, private schools are out of reach of the majority. There is a lot of bickering among the people about the corruption, lack of money in schools, etc, but there is very little that is ever done about any of it. The Mexican people have resigned themselves to the corruption. They don’t realize they could organize and change everything. The poor are manipulated heavily by the wealthy, politicians, and the church. There is a general laziness about the population and alcohol abuse is rampant.

One of my best examples of how backwards the society is;
The people here drive like maniacs. They do not obey stop signs and frequently do not obey stop lights. Speed limits are merely suggestions.
Transit cops are corrupt and accept bribes. Therefore, nobody respects the limits because they know with a small bribe they can get out of a ticket.
The police departments have no money to pay the transit cops, therefore they are poor and therefore corrupt.
The population would rather pay a bribe than pay an exaggeratedly more expensive ticket.
The people don’t respect the speed limit, therefore on many main thoroughfares, when there are accidents, the people complain, and speed bumps are installed.
There is lots of traffic, and it is congested further by the speed bumps.

There are many more examples of the same vicious cycle here, at all levels of government and population.

Why are Americans concerned about China becoming the next world superpower when the EU is taking over?

Posted by admin on January 29th, 2010 and filed under world oil production | 14 Comments »

Nobody is talking about changing the world reserve currency to Yuan. Nobody thinks China will control world oil production. China’s economy is catching up and is close to America’s but the EU already surpassed the US.

Do Americans just think the EU is some benign entity with no motivations? Why worry about something like China that might happen when the EU is happening?

it seems by the answers here that many Americans don`t really understand what the EU actually is ..it`s true there are many countries in the EU but they are member states that come under the European parliament which is due to appoint a president to preside over them all
you`re correct in saying that the EU is wealthier than both the US and China
and in answer to one person here who said Europe is a bunch of failed states according to the wealth per capita statistics out of the top 13 countries 11 are European with the US coming only 8th
saying that i don`t think that Europe poses any threat to the US however a bit of balance of power isn`t necessarily a bad thing

Are we at Peak Global Crude Production?

Posted by admin on January 29th, 2010 and filed under crude oil production | 1 Comment »

I have been unemployed for the past two months, so I have had some time to research the current state of affairs. Based on the research I have conducted we are not simply at Peak oil production, we are actually just beyond it. Demand is outweighing production.

I may be wrong, and if you have some actual data so that I can update my graph please let me know.

It’s hard to see through all of the disinformation that is put in our way. The important information is that peak oil ‘has happened’ or ‘will happen’ very soon and the cost of oil will accelerate in fits and spurts. I personally suspect that 9/11/2001 was close to the peak and we continue to see increases in real oil prices throughout the world.

This is a double-edged sword. It means that organic farming will be more economically viable than chemical intensive farming practices. Processed foods may become much more expensive. Economics may lead us to a healthier plant based diet since animal production is energy, water, and grain intensive. We may see that systems dependent on cheap oil and transportation fail. Even public transportation fares are increasing.

Survival may depend on building viable local communities instead of relying on greater energy intensive resources.

Sadly, the oil reserves are often lied about. We don’t have reliable information. We do see lowering of annual output for most oil fields throughout the world. I suspect the bell-shaped curve will actually be a bit skewed into the future by conservation efforts.

Congressman Roscoe Bartlett on Peak Oil [Part 5]

Posted by admin on January 28th, 2010 and filed under peak oil production | 1 Comment »

(April 4th, 2008) Congressman Roscoe Bartlett [R-MD] takes the floor of the U.S. House of Representatives to speak about Energy.

Congressman Roscoe Bartlett on Peak Oil [Part 1]
http://www.youtube.com/watch?v=7lwkyqFB-34
Congressman Roscoe Bartlett on Peak Oil [Part 2]
http://www.youtube.com/watch?v=506-2_zxYns
Congressman Roscoe Bartlett on Peak Oil [Part 3]
http://www.youtube.com/watch?v=YyliwrgbLvo
Congressman Roscoe Bartlett on Peak Oil [Part 4]
http://www.youtube.com/watch?v=DwEZqOek0KQ
Congressman Roscoe Bartlett on Peak Oil [Part 5]
http://www.youtube.com/watch?v=QNYNuGlDXLo
Congressman Roscoe Bartlett on Peak Oil [Part 6]
http://www.youtube.com/watch?v=llQIfZXt_88
Congressman Roscoe Bartlett on Peak Oil [Part 7]
http://www.youtube.com/watch?v=WvAdLvaCx70

TRANSCRIPT
http://www.c-spanarchives.org/congress/?q=node/77531&id=8519674

Not exactly Jeffersonian, is he? Keep in mind Ron Paul’s tip: price of gold and price of oil, parallel lines, fiat-money and price of oil, a roller coaster (fasten your paper-belts).

HIGHLIGHTS

- Ratio of energy available and growth in population… an imbalance between supply and demand [and a debased currency].

- Peak of oil production and compound interest. The U.S. has 2% of the known reserves of oil in the world and uses a fourth [25%] of the world’s oil. China is buying up oil reserves wherever they can find them.

- The Hirsch Report by SAIC: The world has never faced a problem like this [Psycho screeching violins].

- Alternatives. Nuclear. Solar and wind energy. Wood. Conventional hydro. Alcohol fuel. The hydrogen economy and the corn ethanol bubble. Geothermal. The tar sands in Canada. The tides. Oil shales. Coal. Breeder reactors. Nuclear fusion. Biomass.

- The Drive Act [will make things worse]. Can’t get no satisfaction.

SIDE NOTE: $42 a gallon

“Last year alone, the American forces in Iraq burned through more than 1.1 billion gallons of fuel… A study produced by the U.S. Military Academy estimated that delivering one gallon of fuel to U.S. soldiers in Iraq cost American taxpayers $42 — and that doesn’t include the costs of the fuel itself… the U.S. is spending $923 million per week on fuel-related logistics in Iraq.”
http://www.wealthdaily.com/articles/oil-iraq-war/1208

Duration : 0:7:28

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Anasuria FPSO – Offshore Oil in the North sea

Posted by admin on January 28th, 2010 and filed under offshore oil production | 25 Comments »

http://www.bebo.com/g9ajt

What goes on the Oil Installation “Anasuria FPSO” 100 miles due east of Aberdeenin the North sea.
Pics and videos from 1996 till present. 12years LTI FREE (that ended xmas day 2008) – and i can honestly say – we are. Also a few RSOPA gold awards and the sword of safety thing.

Had to change audio track due to copyright…. bah humbug

Duration : 0:6:25

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Oil & Gas Demo – Zoom Productions

Posted by admin on January 28th, 2010 and filed under oil and gas production | No Comments »

Zoom is a Calgary based media production company. Zoom was started in 1996 by two former television broadcasters that saw a need in the market for a film and video production service that focused on results. Today our film and video production service continues to prosper and remains the largest division within our company. In addition to our film and video production service we have also added new services over the years which include website design and development services and web video production. Now, Zoom provides you with a one-stop shop for all your digital media production requirements.

Duration : 0:1:49

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Oil Production has peaked

Posted by admin on January 28th, 2010 and filed under global oil production | 2 Comments »

Has Oil Production has peaked?

Hubbert Peak Web Site
http://www.hubbertpeak.com/

Duration : 0:9:17

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Peak Oil – Matt Simmons Part 4

Posted by admin on January 28th, 2010 and filed under oil production peak | 11 Comments »

war plan for oil transition, Oil Expert Matt Simmons on oil production, oil reserves, the coming energy crisis, depletion, north sea oil, tar sands, natural gas, deceptive practices, the economy, Chavez, US oil policy.

Duration : 0:10:0

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