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Opinion: Manufacturing oil not inventing it

As the North Sea industry grapples with its cost base, has it done enough to ensure its place at the table to attract investment in order to realise the enormous potential left in the basin?

North Sea

2016: Statoil’s year of the North Sea

Even with oil in a two year slump, Statoil still flexed its North Sea muscles. From kick-starting drilling on Mariner to finally cracking the 30-year puzzle that was Utgard, the Norwegian operator kept busy. However, the year wasn't without its challenges. The oil major forced to put the brakes on Bressay. Scroll through the gallery below to see where and how Statoil has kept busy in the North Sea.

Insights

Best Opinion: Jeremy Cresswell – It’s not my job to be Mr Popular

We've rounded-up our best opinion pieces of the year. Jeremy Cresswell, Energy editor of our sister paper the Press & Journal, has an opinion that packs a punch. His take on the latest energy issues have become a monthly staple. From having a renewables go to calling out the big energy players, scroll our gallery and click 'read article' to read some of his best columns in full.

Opinion

Guest Editor: More firms should follow Statoil’s Syrian lead

Statoil has donated NOK 5million (£465,000) to assist the Red Cross in its efforts to alleviate the humanitarian crisis in war-torn Syria. That's a substantial donation in anyone's language. There are few industries that are more global than oil and gas. It is also difficult to think of any other business sectors that operate in more challenging environments. Making a commitment such as this is both appropriate and heartening.

Opinion

Opinion: Oil downturn has taught us that ‘Grey Matters’

It goes without saying that the North-east is going through one of its most turbulent times in recent history, as the oil and gas sector faces major global challenges and a plummeting oil price. The impact on business and people in the region is clear. At Elevator, however, we are seeing a dramatic uplift in the number of new business start-ups beginning to feed through. It took a while to kick-in, but 2016 will go down as the year that large numbers of people, many previously employed in oil and gas, looked to start a new venture as a viable alternative option for their future.

Insights

Best Opinion: Jake Molloy

We've rounded-up our best opinion pieces of the year. And we couldn't compile a 'Best of' without featuring RMT regional organizer Jake Molloy. His first-person piece on the Chinook tragedy was a powerful and somber reflection.

Opinion

EV Guest Editor: This year has been ‘The Scream’

Norway’s Edvard Munch should really be Planet Earth’s artist of 2016. How many of us have woken up this year with facial expressions similar to Munch’s The Scream as world events unfolded before our eyes? The sad losses of David Bowie, Prince and Leonard Cohen. And the sensational outcomes of Brexit and the US Presidential election. Not to mention the see-sawing of expectations in Aberdeen.

Opinion

Opinion: Behavioural change requires better behaviours

It’s nice to be nice or so my mother always told me. A relationship built on courtesy, respect and trust will always be much stronger. In today’s new norm of a lower, for longer oil price, we need robust relationships across the supply chain more than ever. It’s all very well talking about collaboration and co-operation but, if we don’t have mutually beneficial relationships, we’re unlikely to be able to achieve the collaboration that will deliver the results required for a successful and sustainable supply chain.