#OG2050: Final day arrives to take survey and win Breitling watch
The final tranche of Energy Voice’s research is set to come to an end as the last survey closes today.
Events
EIC hosts 42 UK firms at Offshore Europe 2015
The Energy Industries Council (EIC), the trade association for UK companies that supply goods and services to the energy industries, will be the largest single exhibitor at Offshore Europe in Aberdeen next month.
#OG2050 Video: Opportunities abound within the oil and gas industry
The chief executive of Aberdeen’s leading science centre said more young people need to be shown the opportunities they could have from working in the oil and gas industry. Liz Hodge, who runs Satrosphere, made the comments as she gave her backing to Energy Voice’s Offshore Europe event on September 2. The panel discussion at the Tivoli includes Sir Ian Wood, Derek Leith, office managing partner at EY Aberdeen and the firm’s UK head of oil and gas taxation and Offshore Europe co-chairman Michael Engell-Jensen.
#OG2050: We must attract talent in tough operating climate
Companies in the oil and gas industry must continue to attract talent even during the decline in oil price, according to an industry leader. David Liddle, business development executive at the Society of Underwater Technology (SUT) said recruiting talent to explore future scientific approaches and technologies would play a "major role" in reaching new reserves. His comments come as Energy Voice gets ready for its Offshore Europe event next month focused on the next generation of workers. Both industry leaders and young people looking to come into the industry have given their backing to Energy Voice’s Offshore Europe event which takes place at the Tivoli on Wednesday, September 2.
#OG2050: Only a few weeks left to have your say with Energy Voice research
With just weeks to go until Offshore Europe time is running out to have your say and take part in Energy Voice’s last leg of research. Participants will have the chance to win a Breitling Superocean 42 courtesy of Finnies the Jewellers by taking part. The latest survey has now gone live just weeks ahead of our own event ahead of Offshore Europe.
#OG2050: Young people must know door into industry is still open
Industry leaders must ensure the next generation of talent know the door is still open into the sector, according to one young professional. Adam Zalewski, who is currently studying for a Master’s degree in Petroleum Engineering at the University of Aberdeen, said high volumes of young people had been attracted by the industry following the “good years”. However the 22-year-old – who is also president for the SPE student chapter at the University of Aberdeen – said it was now imperative companies took on the best talent.
#OG2050: Harness skills of past 50 years to help future workforce
Oil and gas companies will need to find a way to harness skills learnt in the last 50 years in order to benefit the future workforce, according to a leading HR expert. Kate Butterworth, global HR leader for multinational businesses Hydratight & Viking Sea Tech, said focus needs to be placed on mentoring those moving into the sector. The words of advice come after Energy Voice unveiled the final tranche of its research project which will focus on the next generation and the future of the North Sea.
#OG2050: Take part in research for chance to win Breitling SuperOcean 42 watch
Energy Voice wants you to take part in the last leg of our research aimed at building the industry’s next generation of innovators and have the chance to win a Breitling Superocean 42, courtesy of Finnies the Jewellers. The latest survey has now gone live, just weeks ahead of our Offshore Europe event where the findings will be revealed. To mark the final part of the research, we’ve teamed up with Finnies the Jewellers to offer this fantastic prize to one lucky participant.
#OG2050: Energy Voice’s final research on the next generation now live
Energy Voice has called on the global energy sector to participate in the final part of its landmark research launched to mark 50 years in oil and gas exploration in the North Sea. The latest survey has now gone live, just weeks ahead of its Offshore Europe event where the findings will be revealed. Take part here. The final tranche will look at how to fuel the conversation and encourage the next generation of industry leaders and look at the future of the North Sea. The project was launched in response to falling oil prices, which placed the UK and wider global energy marker under pressure.
#OG2050: Industry leaders back call to inspire next generation
More industry leaders have come forward in support of an event aimed at ensuring the next generation of industry innovators move into the oil and gas sector. Earlier this week it was revealed industry giant Sir Ian Wood would be joining an Energy Voice panel next month alongside Offshore Europe co-chairman Michael Engell-Jensen and Derek Leith, office managing partner at EY Aberdeen and the firm’s UK head of oil and gas taxation. The move has been backed by the likes of UK Energy Minister Andrea Leadsom and Deirdre Michie. The managing director at Craig Group, Douglas Craig, said it was imperative that more young people understood the significance of the energy industry.
#OG2050: Sir Ian Wood joins Energy Voice panel
Energy Voice has launched an event aimed at ensuring the next generation of industry innovators don’t get lost in translation amid a market downturn. Industry giant Sir Ian Wood, Offshore Europe co-chairman Michael Engell-Jensen and Derek Leith, office managing partner at EY Aberdeen and the firm’s UK head of oil and gas taxation, will all take part in the panel. The event, which will be held at the Tivoli on Wednesday September 2, will discuss the final wave of Energy Voice’s research: Energy 2050 – Securing our Future.
Experts urged to share knowledge with industry peers
Experts in well intervention are being called upon to submit an abstract on the topic and share the latest developments with their peers. The findings will be shared at the annual SPEICoTA European Well Intervention Conference which takes place at the Aberdeen Exhibition and Conference Centre in November. A range of topics will be covered over two days, with a focus on new technology and innovative solutions, subsea fields, mature fields and challenging environments.
#OG2050: Latest research launches, have your say on industry’s new frontiers
Energy Voice has launched the latest wave of its research aimed at gauging global sector perceptions. Take part here. The latest installment of ‘Energy 2050: Securing our future’ takes aim at the sector’s international ambitions . The groundbreaking research led by Energy Voice, and done in partnership with EY, Robert Gordon University, FifthRing, Burness Paull and Douglas Westwood, is part of a year-long global initiative. Energy Voice editor Rita Brown said: “This wave of the research will gauge the industry’s perception of what today’s new frontiers are – whether it’s the unknown of the Arctic, the emerging Asian production market, the African subcontinent or the UK’s own onshore potential. Energy 2050 will delve into the challenges, rewards and most importantly the tools needed to ensure the UK supply chain can export its abilities to the global market.”
#OG2050: The one word everybody’s screaming
The word which screams at me when reading the responses to the Energy 2050: Securing our future's research on technology is “opportunity”! The concept is one thing. Exploiting it is another. With most survey responders holding the view that the current supply / demand imbalance is set to continue in the medium term, and as a consequence the oil price will remain in the $60 - $100 per barrel range, reducing the costs of recovery, particularly in the North Sea basin, will remain the principal focus.
#OG2050 – Marking the first anniversary of $115 oil
It’s 12 months since the price of oil plunged from the high platform of $115 per barrel into a pool of uncertainty and confusion, and the ripple effect from that dive into the unknown has touched most of us in one way or another. It’s appropriate that the results of the second Energy Voice survey are launched on the first anniversary of that descent. I say ‘first’ because nobody knows how long the current situation will last. However, we’ve all come to appreciate that the hope some of us had last summer of a rapid upswing in price to match the decline is not going to happen.
#OG2050 – Interactive timeline reveals industry’s technology sentiments
In the latest wave of findings from Energy 2050 - Securing our future, Energy Voice exclusively revealed the industry's sentiment around technology and development amid recent heightened sector pressures. The findings covered everything from, which companies are tightening technology budgets, the predicted knock-on effects and who respondents felt should lead the R&D charge. See all of the latest research findings in our interactive timeline below.
Exclusive: #OG2050 – Industry call for E&P companies to rally technology revolution
Exploration and production companies should be driving the industry’s technology development agenda, according to new findings. In an exclusive, industry-wide Energy Voice research project, dubbed Energy 2050 – Securing our future, nearly half of respondents said E&P companies should be responsible for ensuring the industry’s ability to invent, prove and adapt new technology. But despite the call for sector-wide E&P leadership, the research also revealed the industry has yet to shed its historical “race-to-be-second” technology adaptation mentality, with the majority of respondents admitting a reluctance to be first.
#OG2050: Making innovation and collaboration work
Everyone involved in the North Sea oil and gas sector will look back whimsically to a time when production was more than three times what it now is. Back then, untapped reserves considerably outweighed historic extraction and all involved in the industry could comfortably expect production to see out their careers. Notwithstanding price volatility, there was no pressing need to innovate and find new and clever ways to extract oil more cost effectively. Production could be extracted from more accessible fields with trusted technology.
#OG2050: Survey on technology and cost efficiencies now live
Energy Voice has called on the global energy sector to participate in the second part of its landmark research launched to mark 50 years of oil and gas exploration in the North Sea. The latest survey has gone live, just two weeks after the first findings from the project – dubbed Energy 2050-Securing our Future - were revealed at OTC in Houston. In partnership with RGU, Burness Paull, EY, Douglas Westwood, Fifth Ring and the University of Oklahoma, this latest instalment will look at the sector's perceptions of technology and cost efficiencies.
OTC boost for Scots firms
Firms which flew the flag for Scotland at the world’s biggest oil and gas show are already reaping the rewards of taking part in the event. Early feedback from 12 of the 58 companies supported by Scottish Enterprise (SE) to attend the Offshore Technology Conference (OTC) in Houston in the US earlier this month shows they expect to increase their international exports by £50million over the next three years as a direct result. Contracts were signed during the week for projects in the Gulf of Mexico and Brazil, while some of the firms received invitations to tender for other work around the world.
KPMG to discuss “doing business” in the Middle East
Professional services firm KPMG will discuss 'doing business' in the Middle East at an event in Aberdeen this week. The seminar, held by tax leaders from the firm's offices in Oman, Saudi Arabia, United Arab Emirates and Kuwait will explore opportunities and challenges to doing business in the region with a special focus on the oil and gas industry.
#OG2050: The North Sea’s technology opportunity in Asia
North Sea technology can leverage the many unknowns of an emerging Asian exploration market as the new frontier finds its footing, according to an industry leader. Keith Palmer, Expro’s president of EPTI Overseas, sat down with Energy Voice fresh off his appointment in Bangkok, Thailand. Palmer discussed the emerging Asian market in the wake of Energy Voice research which revealed the region to be one of the most sought international frontiers. Palmer said now was a critical time for the North Sea to capitalise on a technology transfer.
#OG2050: Infographic shows exclusive findings from project
As the latest survey goes live on Energy Voice, we've collected the first findings from the project, which were revealed at OTC 2015. Energy Voice has called on the global energy sector to participate in the second part of its landmark research launched to mark 50 years of oil and gas exploration in the North Sea. The project is a response to falling oil prices, which placed the UK and wider global energy market under pressure.
#OG2050: The tale of the ancient Chinese farmer
Have you ever heard the story of the ancient Chinese farmer? You know the one that takes place far, far away in a rural community in ancient China. You see back then a man’s worth wasn't measured by his monetary gains. Instead a man’s worth was determined by the amount of land, livestock and sons he had. My farmer had one horse, one son and a big piece of land, so he was doing pretty good.
OTC 2015:Scottish firms come away from OTC with some promising business leads
A robust exhibition for the oil and gas industry in Houston saw firms from across the world actively seeking solutions that will cut costs in the face of the oil price crash. The Offshore Technology Conference (OTC) – the world’s biggest oil and gas show – drew to a close yesterday, with several north-east firms having attended and a number coming away with promising business leads. With nervousness about the effect of oil prices remaining low pervading proceedings, most firms pitched up to NRG Park to show off technologies and services that would make subsea oil exploration cheaper. Derek Smith, chief executive of Maritime Developments, came out a few days before the show started on Monday.