KnowPetro

14/07/2020

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28/02/2017

The government of India will transfer its majority shareholding (of 51.11% in HPCL) to ONGC, which will then become the holding company of HPCL.

12/01/2017

http://www.oilandgaspeople.com/news/highlights/13043/oil-industry-growing-again-after-losing-half-million-jobs/

The oil industry is expected to boost spending for the first time in three years after slashing almost half a million jobs globally during the downturn, according to industry consultant Graves & Co.Mo...highlights...

18/11/2016

http://www.usatoday.com/story/money/nation-now/2016/11/17/usgs-largest-oil-deposit-ever-found-us-discovered-texas/94013292/

The U.S. Geological Survey recently discovered the largest continuous oil and gas deposit ever found in the United States; officials said Tuesday.

05/08/2016

Oil and gas industry raises funds with tourism.
Why would someone ever board a summer cruise to watch an oil rig?

Bored with palm-fringed beaches and turquoise seas? Then the gigantic oil platforms of the North Sea beckon. The first ever "rig-spotting" cruise just ended off the coast of Norway, and those onboard the four-day trip said it was jawdropping.

12/07/2016

Though the move looks to be unusual at a time of low oil prices, analysts say the field has been lucrative and important for Chevron and its partners.

08/07/2016

Find them they say, nice one!

The oil industry will need to hire tens of thousands of workers in the next two and a half years as oil prices recover and drillers stand up rigs, Goldman Sachs projected in a note this week.

04/07/2016

Will it be another action-eccentric and 'based on a true story' stunt of Hollywood or it would live up to the expectation?
Deepwater Horizon, a name familiar to most as a ghastly nightmare of 2010. A disaster consuming 11 lives of on-site employees and fines mounting up to billions of dollars on the responsible companies at play, is still a sensitive topic.
Deepwater Horizon, Directed by Peter Berg of Lone Survivor, starring Mark Walhberg and Kate Hudson is to be released on 30th September, 2016.
Until it actually releases, we won’t know for sure what its actual slant will be. But taking this subject on is always going to carry a fair amount of baggage, and the way the trailer plays it off, it looks like things are headed in a problematic direction
Judge for yourself!

29/06/2016

Does Desperation Have to be Stretched to the Point of Vulnerability?
Finding a graduate without a job in the Oil & Gas Industry is rarely uncommon these days owing to the sharp plunge in on-campus placements. This situation, inextricably intertwined with the students' long-held ambitions to make it big time working in the industry, leads to desperation for jobs. Trying to get an opening in the lowest of ranks as a foothold seems a plausible option to many graduates, so they can achieve higher positions with their dedication. However, stretching this desperation of landing a job to the point of being vulnerable and hence duped by deceitful scams is certainly imprudent on the part of graduates. These fraudulent businesses do not give a second thought to readily trading graduates' desperation for their profit.
Let us delve into a few possible scenarios which have deceived people in the industry:
• Transfer of a minimal amount such as Rs. 1500 to their travel guide for work permit in some foreign country, once they have sent you the confirmation letter. One may not address the gravity of being deceived for such a minimal amount, however this psychology makes it more feasible in this evolving industry.
• As for some of them try to mask their fraud behind inviting the candidates to reputed 5 star hotels such as The Taj Mahal Palace, Mumbai for personal interview. Such banquet bookings are investments to lure you into transferring a sum up to Rs. 2 lakh
Looking into a few details about the company will save your valuable time and help expose fraudsters:
• Google the domain name of the email address from which you received the job opening. Companies signing up for free domain names are likely to be fake ones. It could also be possible that they are registered on paid basis for which you may check the date at which the domain name is created, like if you receive an email from “.com” and it’s a fake domain, it must have been created just a few months back.
• Confirm with the headquarters of the respective company.

There are many such job opening available on Facebook groups and pages, so don’t fall for them. There are some decent consultancies which offer jobs for one month salary from your pay but an advance payment should never be demanded nor encouraged.
P.S. Thanks Shishir Choudhary and Abhishek Agarwal for your contribution.

26/06/2016

Paul Neal "Red" Adair was an American oil well fighter whose life inspires many till date. His innovations in the field of oil well control made him a celebrity worldwide after he extinguished the life out of Devil's Cigarette Lighter.
Hellfighters, an American film starring John Wayne was loosely based on the life of Red Adair.
At age 75, Adair took part in extinguishing the oil well fires in Kuwait set by retreating Iraqi troops after the Gulf War in 1991.

Here is a short video depicting the challenges faced by Red Adair while his struggle with Gassi Touil gas field in the Algerian Sahara nicknamed the Devil's Cigarette Lighter.

24/06/2016

Vote has been cast and this day will definitely be remembered.

The economy will suffer and so will the political establishment

18/06/2016

Career options a petroleum engineer would want to consider in this evolving industry.

The “Great Crew Change” is underway in the oil industry, as Baby Boomers hand off the proverbial torch to Millennials. But it’s not just the crew that’s changing, the industry itself is undergoing a digital evolution. Within the next five years, over half the industry’s work force is expected to ret...