Epstein Secrets

nager on DP drillships prior to take over his first rig Manager job in 2004, a position he held for the last 5 years. His work locations were mainly North Sea and Brazil. Frederic Jacquemin, Rig Manager Frederic comes from a engineering background (M.Sc Petroleum Engineering & Project Development — IFP Sc

Installation Manager, before taking on increasing responsibility in onshore management roles from rig manager in West Africa, the Mediterranean and the North Sea, to district manager in the North Sea and Division manager in Europe and lately in Brazil. During his career, Cees has had extensive experience in d

g warnings follow a torrid start to the year on financial markets, with billions of pounds wiped off stocks in the UK and elsewhere. BP slashes 600 North Sea jobs as crumbling oil price forces the explorer to reduce global headcount by 4,000 Is the New Year stock market slump a blip or something more omin

ned of a `cataclysmic year' ahead for investors and the global economy, BP said it would have to slash 4,000 posts around the world including 600 in the North Sea. It would be a devastating blow for the North Sea oil industry already reeling from the slump in prices over the past 18 months, which have led pum

g warnings follow a torrid start to the year on financial markets, with billions of pounds wiped off stocks in the UK and elsewhere. BP slashes 600 North Sea jobs as crumbling oil price forces the explorer to reduce global headcount by 4,000 Is the New Year stock market slump a blip or something more omin

ned of a 'cataclysmic year' ahead for investors and the global economy, BP said it would have to slash 4,000 posts around the world including 600 in the North Sea. It would be a devastating blow for the North Sea oil industry already reeling from the slump in prices over the past 18 months, which have led pum

nt month Brent futures have weakened by around S5/bbl, trading around $107/bbl and are almost flat in the last week. The weak demand in the physical North Sea crude markets has continued to weigh on the front end of the curve, now in contango through Nov 2014. The combination of seasonal high in global re

n the front end of the curve, now in contango through Nov 2014. The combination of seasonal high in global refinery runs and upstream maintenance in the North Sea fields in August will likely lift the oil complex higher in coming weeks. Furthermore, we retain our cautious view on Libya's production potential

f the larger global picture. Largely synonymous with mature declining assets, averaging 6% YoY decline since 2002 (vs 9% for the UK), the Norwegian North Sea will actually see production flat to slightly increasing through 2017. Driving this is a significant increase in major project growth barrels, with

l Non-OPEC supply growth of 500 Mb/d through 2017. Leading drivers: US GoM, Brazil, Canada, and slower declines on recent redevelopment projects in the North Sea. While project delays or poor performance could lead to disappointment (a hallmark of Non-OPEC supply), there is clearly a robust slate of projects