#OG2050: Expro – There is no silver bullet
In a low oil price environment, companies face a difficult challenge; maintaining vital business relationships with clients and operational capability, whilst maintaining profitability.
Events
#OG2050: The Houston Perspective
Daniel Moynihan, a US Senator, coined the phrase “You are entitled to your own opinion but not your own facts”. Information influences perspective.
All-Energy 2015: EU Horizon 2020 programme grants €17million for wave power research
The European's Commission's research and innovation programme Horizon 2020 has granted €17million in funding for the Clean Energy From Ocean Waves (CEFOW). The five-year project is to research and develop the use of the Penguin wave energy converter, which was developed by the Finnish company Wello, in electricity grid conditions. The multi-device test project will be carried out at Wave Hub in Cornwall.
OTC 2015: ‘Supply chain more open now than it’s ever been’
The recent oil slide has seen the supply chain become more open now than it's ever been.
#OG2050 – How easy money is helping oil companies weather the bust
#OG2050 – Never let a serious crisis go to waste
Rahm Emanuel, now the Mayor of Chicago, famously said “You never let a serious crisis go to waste. And what I mean by that, it’s an opportunity to do things you think you could not do before.” While what we are experiencing just now may feel like an oil price crisis, that’s not really the root cause. Where the crisis lies is in the high cost of recovering oil and gas – particularly from the North Sea. At the expense of stating the obvious, there are two variables at work which will determine the health of the oil and gas sector – price and cost.
#OG2050 – Light at the end of the tunnel?
2015 is proving to be challenging for the North Sea. Despite the oil price reaching its highest level so far this year, touching $68 per barrel this week, there seems to be no end in sight to the continuous stream of concerning news about companies cutting costs, announcing redundancies and cancelling activities.
#2050 – The UK sector is in a fragile state
The UK offshore industry is in a fragile state. Around 300 fixed production facilities remain in operation, many of which are in excess of 40 years of age and require continuous maintenance and integrity management provision.
OTC 2015: Harkand – It’s time to shed the oil price shock
An industry leader said it’s time the sector shed the oil price shock and started working on becoming a better version of its former self.
#OG2050: Exclusive – Industry confident in return of $100 oil
The need to slash costs is the number one challenge for the oil industry, according to a major research project by Energy Voice, but leaders also believe crude prices will bounce back above $100.
OTC 2015: Step Change in Safety’s ‘coming of age’ year
Twelve months ago Step Change in Safety leader Les Linklater was staring down one of the toughest safety adaptation challenges in the sector’s recent history.
OTC 2015: Hampco shrugs of $20million Brazilian hit
An Aberdeen entrepreneur now based in Houston has shrugged off a $20million (£13.2million) hit to his business as a result of the Petrobras “graft” scandal.
OTC 2015: Statoil – Industry must foster competitive spirit
The industry must foster a new kind of competitive spirit amid this latest down cycle, according to Statoil.
OTC 2015: Industry must have investment courage, says Atlas boss
The industry must be courageous enough to invest in its skills pipeline amidst a dipped marketplace, according to Atlas chairman Robert Morgan.
All-Energy 2015: Scotland could lead the way in renewables
Scotland has always led the way in renewables and All Energy has long been a showcase for the wide range of technologies which will enable the renewable and low carbon transition.
OTC 2015: Making business work in hot export locations
In current market conditions, the best way to nurture the skills and profit margins of a Scottish company is to grow it abroad, advises chairman and partner at Scottish independent accountancy firm Campbell Dallas LLP, Ian Williams. The links between Texas and the North-east of Scotland are well known. The latter borrowed the native oil and gas pioneers from the US to kick-start its industry in the North Sea. Now, the UK Continental Shelf is established in its own right and is seen as a testing ground for projects with international potential. The region sends thousands of experts with years of knowledge to work in all parts of the globe.
OTC 2015: Brazil confirms acreage auction
Brazil confirmed 269 blocks located outside its pre-salt area will be auctioned off at the end of this year.
All-Energy 2015: Key research to be unveiled at event
The Irish-Scottish Links on Energy Study (ISLES) project partners are set to announce their key emerging findings from the second phase of their research at All-Energy 2015. The project is a collaboration between the Scottish Government and its counterparts in both Ireland and Northern Ireland. It aims to both facilitate and stimulate investment in an offshore transmission network to support the integration of renewable energy resources.
All-Energy 2015: More than 450 exhibitors gear up for event
More than 450 exhibitors from over 20 countries are set to descend on Glasgow for All-Energy 2015 which begins tomorrow. The event, which orignally began in Aberdeen, has moved to the central belt for the first time in its history. There will be more than 440 speakers, including Energy Minister Fergus Ewing, who will speak at the opening plenary session.
OTC 2015: Together, we have a problem Houston
Low oil prices and high costs are not just our problem, it’s a global problem. Respect to those who have not travelled to the Offshore Technology Conference in Houston this month, either to conserve cash or to express solidarity with those struggling at home. However, nobody can deny those of us here in Texas have a collective job to do.
OTC 2015: Shell takes plunge with deepwater CT scan
Shell has completed a technlogy first after deploying a subsea CT scanner to its Gulf of Mexico deepwater flowlines.
OTC 2015: Industry Trailblazer – Wood Group Mustang’s Michele McNichol
Michele McNichol doesn’t believe in glass ceilings. She does the believe in the industry’s success depending on its ability to foster a boundless “engineering curiosity”.
OTC 2015: Does the sun shine in Mexico?
Mexico’s commitment to the reform and opening up of its energy sector was underlined by President Enrique Peña Nieto visit to Aberdeen in the run up to this year's Offshore Technology Conference (OTC).
OTC 2015: Ceona’s Amazon wins deepwater GoM work
Ceona has landed a contract to carry out deepwater work in the Gulf of Mexico.
OTC 2015: Pemex eyes up North Sea alliances
Pemex confirmed it’s on the hunt for North Sea alliances.