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Opinion

Opinion: Melfort Campbell on the Oil and Gas Commission report

In developing the Oil and Gas Commission report, it very quickly became clear that current high levels of investment are hiding an undercurrent of reduced investment. Low production efficiency, limited enhanced recovery projects and a reduced backlog of new projects for development point to significant under recovery of UKCS resources.

Opinion

Opinion: Predicting the unpredictable

It’s often said that we measure success by counting failures. It’s the same with safety. Whether it’s the number of hydrocarbon releases or lost-time incidents, we tend to count and measure what’s gone wrong rather than what’s gone right.

Oil & Gas

BP awards SVT contract to Cofely

Cofely, a GDF SUEZ company, has been awarded a contract by BP to supply utilities to the Sullom Voe Terminal (SVT) on the Shetland Islands - one of the largest oil and liquefied gas terminals in Europe.

Markets

Oil continues to drop as crude concerns subside

West Texas Intermediate and Brent headed for a second weekly drop amid speculation that Iraq’s crude production will remain unaffected by violence and as Libya prepares to resume exports from two terminals.

Opinion

Oil & Gas UK Awards: Celebrating our SMEs

Just a few weeks ago, Oil & Gas UK hosted its first Oil & Gas UK Annual Conference – the largest of its kind for the UK oil and gas sector in 2014. Now, as summer approaches, like many organisations in the offshore oil and gas sector, we’re working hard to plan and prepare in anticipation of a busy autumn period.

Oil & Gas

Hayward’s Genel Energy has production jump

Genel Energy Plc, the oil explorer headed by former BP Blc Chief Executive Officer Tony Hayward, said production jumped in June after Iraq’s Kurdistan region opened an export pipeline to Turkey.

Markets

Shelf Drilling pulls IPO plans‏

Oil-rig contractor Shelf Drilling has said it will to pull its plan for a £300million float on the London Stock Exchange, citing insufficient interest to justify proceeding with the sale.