Andrew Gould Quotations

Severe winter weather in the Russian and Caspian geo-markets curtailed activity significantly for a three-week period in January.

I don't know the time frame exactly, but it's clear they're all going to want to start spending money again.

If storage is full very early, then there may be some softness for a while, not long, but for awhile.

I think we must be getting to a point now where price is going to have an effect on demand and that will alleviate the lack of a supply cushion.

I think that in the near term the only threat to demand is some form of recession here in the United States.

I think that worldwide tenders are going to remain extremely difficult because of the influence of foreign governments, partners, etc.

Will the industry outsource more? I think it depends on the client base.

The national oil companies still want to acquire some expertise so they will outsource more, but not totally.

For a long time, weve worked on detecting planets with whatever was at hand, making use of existing small telescopes or even amateur telescopes. Its time to move on to the next stage.

Obviously the shift to gas and the need for large amounts of gas in the United States is going to be a major focus of attention on the part of producers.

There are really no other methods at present that can detect planets of this mass and at this separation.

To put that right it's going to take several years of very hard work by the oil industry to renew the production cushion. Activity is increasing but it is not yet at its maximum point.

This will result in wells that will make a substantial improvement in the recovery factor just because they are absolutely in the proper place within the reservoir for the purposes of drainage.

(Producers') plans have already been put in place to achieve this, but it will take several years of sustained activity to develop the new production that can reliably replace today's supply.

Activity increases and strong pricing momentum, particularly in North America, drove first-quarter results despite the severe curtailment of activity in Russia early in the year.

There will be no silver bullet. Rather it will be a combination of technologies.

For a long time, we've worked on detecting planets with whatever was at hand, making use of existing small telescopes or even amateur telescopes. It's time to move on to the next stage.

It tends to indicate these Earth-mass planets are quite common, 10 to 50 times more common than previously believed.

Initial discussions with customers would indicate that the exploration and production spending environment is likely to remain strong and probably significantly strengthen in 2006,

In the longer term, there are significant factors that are going to affect the operators and to a large extent the service industry.

This icy super-Earth dominates the region around its star that in our solar system is populated by the gas-giant planets, Jupiter and Saturn. We've never seen a system like this before, because we've never had the means to find them.

The industry response to the current lack of an oil supply cushion and the long-term need to increase supplies of natural gas is underway, but is still far from reaching a peak,