Smart Oil & Gas

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Mr. Mukesh Ambani, Chairman of Reliance Industries Limited, India, recently announced that BP & Reliance will form a 50:50 joint venture for sourcing and marketing energy in India. The joint venture will give BP a 30% stake in 23 oil & gas blocks - 19 of which are off India's east coast – for US$7.2 billion, with another US$1.8 billion in performance-related payments in future. This deal makes it one of the single largest foreign direct investments (FDI) in India, particularly when FDI ma

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Does Peak Oil Mean More Investment in Clean Energy?

By Rick Nicholson

Recent news articles involving Saudi Aramco, ExxonMobil and Shell all highlight the prediction that the world has reached or will soon reach "peak oil" and either assume or state that oil & gas companies will start more aggressively exploring clean energy options.  This focus, of course, will be secondary to an already major focus on natural gas, but since the topic seems to be spreading throughout the news and social media landscape it's interesting to take stock of the current situation and think

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BP's Crystal Ball - What's it Mean for Technology?

By Rick Nicholson

BP recently released, for the first time publicly, its projections of future energy trends titled BP Energy Outlook 2030.  This document builds on BP's well known annual Statistical Review of World Energy which has been published since 1956.  In publishing its Energy Outlook, BP joins a host of other organizations that attempt to forecast future global energy trends including its competitor Shell, which published its most recent Shell Energy Scenarios to 2050 in 2008, and the non-profit Internatio

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Night Dragon Stalks Oil and Gas

By Jill Feblowitz

The recent news reports on the Stuxnet virus have helped highlight the importance of security in process industries like oil and gas.   Recently, McAfee released a report describing coordinated covert and targeted cyber-attacks on the oil and gas industry which they attribute to Chinese hackers.  Unlike a Stuxnet type virus which threatens to disrupt processes, the McAfee report uncovered attempts to hack into commercially sensitive data for competitive intelligence - attempts which McAfee ha

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