Video: Time-lapse of the Energy Ball 2014
As quickly as the party started it’s all but gone. Watch the fantastic Energy Ball 2014 come to life in our incredible time-lapse video of the night. Extra points if you can spot yourself on the dance floor.
Video: Highlights from the Energy Ball 2014
The 2014 Press and Journal Energy Ball once again lived up to its reputation as the premier night of the region’s social calendar.
Opinion: Kenya – the new investment frontier
Total trade between the UK and Kenya has risen to £1billion this year, according to UK Trade and Investment figures. The internal Oil and Gas market in Kenya is poised to develop, creating waves of optimism. Steady streams of opportunities have opened up across Africa in the last decade. Oil and Gas exploration is becoming increasingly important to East Africa, which until this decade has been in the shadow of both West Africa and North Africa. The Kenyan government has recently taken steps to safeguard its tax return from hydrocarbon and mining industry activities. The Kenya Finance Bill 2014 has been passed by the Kenyan Parliament and agreed by President Uhuru Kenyatta. It means that capital gains tax (CGT) has been reintroduced for the first time in nearly 30 years. The standard rate of CGT in the country will be 5%, but the Oil and Gas sector will be taxed at 30% or even 37.5% depending on the company’s tax residency status. Introduction of the CGT means that the previous withholding tax regime is now abolished and popular ‘farm-out’ agreements, which are between resource owners and outside companies providing services, can be completed in a more tax effective way. These transactions are currently taxed at 10% or 20% of the gross investment with deductions. From 2015, a company making an acquisition will be taxed at 30% on the net gain once the initial cost of acquisition is deducted from the sales value. An amendment may be made to future finance bills to include the additional costs incurred up until the time of sale.
Deep Offshore Technology – previous years in pictures
An introduction to Deep Offshore Technology 2014
ABOUT DEEP OFFSHORE TECHNOLOGY For 32 years Deep Offshore Technology (DOT) International has been showcasing pioneering technology that has been shaping the future of the deep and ultra-deepwater industry. DOT showcases the most innovative technologies in the deepwater oil and gas industry, and provides a forum to discuss the specific challenges associated with hostile and ultra deepwater environments.
Opening plenary session – Deep Offshore Technology 2014
Tuesday, 14 October 2014 9:00–10:30 - Crombie Suite Welcome & Introduction Mr. David Paganie, Chief Editor, Offshore Magazine, PennWell Corporation David Paganie is Chief Editor of Offshore magazine and Conferences Director of PennWell’s Offshore Group. He oversees the Offshore international conferences and all print and digital content.
Deep Offshore Technology International focuses on maximising resource recovery
For the first time in its 30-year history Deep Offshore Technology International (DOT), the world’s leading oil and gas conference and exhibition dedicated to deepwater, will be held in Aberdeen.
Speaker update – Total E&P UK’s Gopikrishnan Venugopal Deep Offshore on Successes, Challenges and the Future
What’s next for the deep offshore? Come listen to Total E&P UK’s Gopikrishnan Venugopal discuss trends and challenges at next tomrrows Deep Offshore Technology International Conference and Exhibition (DOT).
Speaker update – Technip’s Emilie Lachaud on emerging technology
At next week's Deep Offshore Technology International Conference and Exhibition (DOT), Technip’s Emilie Lachaud will present during the emerging technology and development initiatives session.
Copter safety update briefing
Helicopter safety update to take place in Aberdeen
Gas plant hit in Syria air strikes
US-led coalition warplanes bombed Islamic State group positions across four provinces in northern and eastern Syria overnight, hitting a grain silo as well as the country’s largest gas plant, activists said. Washington and its Arab allies opened their air assault against the extremist group last week, going after its military facilities, training camps, heavy weapons and oil installations. The campaign expands on the air strikes the United States has been carrying out against the militants in Iraq since early August.
Russia and Ukraine in gas talks
Russia and Ukraine are holding talks to solve their long-running gas dispute as pressure mounts for a solution to head off a winter supply crisis in Ukraine and beyond.
Syria air strikes targeting oil installations kills 20
US-led air strikes have targeted Syrian oil installations held by the Islamic State group, killing about 20 people, as the militants released dozens of detainees in their de facto capital, activists said.
Energy prices on the rise despite wholesale gas prices falling
Household energy costs rose over the past year, despite falling wholesale prices of gas and coal, official figures show.
Oil refineries included in fresh wave of US attacks
US fighter jets and bombers have pounded Islamic State targets, striking the militants in both Syria and Iraq.
Technology boost for oil reserves
New gas and water technologies could add decades to the life span of oil reserves in the North Sea, according to researchers.
Geologists employ cutting edge systems
Lasers, unmanned flying drones and missile guidance systems.
Opinion: ‘As the dust settles, sector gauges the lay of the land’
The waiting is over. Scotland has voted ‘No’ to independence.
Opinion: ‘The time for implementing the Wood Review is now’
The oil and gas industry is a fundamental part of the Scottish and UK economy, a fact only highlighted through the referendum campaign. It is therefore important that the governments work together to swiftly implement the recommendations of the Wood Review to minimise uncertainty and create an environment for maximising the recovery of oil and gas in the North Sea, for the long term benefit of the UK and communities in which these businesses operate. The industry must also continue to focus on cross-sector efforts to bring escalating costs under control to protect and enhance the long term prospects of the industry and thereby the Scottish and UK economies as a whole.
Investors warned over coal market
Slowing demand for coal in China is turning the coal production industry into a major financial risk for investors, it has been warned.
Nuclear energy – a wise investment for the future?
Fossil fuel plants still form a huge part of our power generation fleets and have a relatively low initial capital cost. While technology continues to develop to increase the efficiency of this power source, obvious downsides currently include high ongoing fuel costs, higher carbon emission levels than we would prefer and continued reliance on a finite fuel source. The use of renewable energy resources, such as wind and solar, are increasing. They provide an environmentally friendly source of power and developments are increasing the efficiency and practicality of these solutions. The continuity of power they provide, however, cannot currently always be guaranteed and additional centralized power generation facilities are still very much needed.
Scottish Independence: Industry reacts – ‘Scotland is open for business’
Scotland has decided and our position as a valuable partner within the United Kingdom continues. But even before the dust settles, it is vitally important that both the Scottish and UK Governments join together to send out an unequivocal message that Scotland is very much open for business.
Scottish Independence: Industry reacts – ‘We face an uncertain future’
As a firm supporter of the 'Yes' campaign I couldn't be more disappointed with the outcome of the referendum.
Les Linklater: Do you remember September 1, 2014?
For most, the day came and went; that same Monday morning feeling, discussions about the weekend, goodbyes before going offshore again. But for a few, the day had been at the top of minds for months.
Uzakbai Karabalin to co-host Caspian Technical Conference
This year's Caspian Technical Conference and Exhibition (CTCE) will now be co-chaired by Uzakbai Karabalin, first vice-minister of energy of the Republic of Kazahkstan.