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Opinion

Oil & Gas

Unpicking the UK’s oil tax regime

After the outcry over the UK Government's 2011 Budget £10billion tax grab, North Sea oil producers have been given a string of allowances to make their investments more viable. Aberdeen University's professor of petroleum economics, Alex Kemp, unpicks the latest tax changes and argues that the debate over future additional allowances will continue

Opinion

Energy in the South Pacific

I have spent most of the last four months working in the South Pacific - in Fiji, Papua New Guinea (PNG) and a few other countries. Someone asked me if I would like to undertake a study on improving energy security in the region and after a few seconds hesitation I agreed. It has been a very enjoyable change from working in Scotland.

Opinion

King Coal clambers back on to his throne

Coal is often treated as the embarrassing relation of the energy family. Everyone depends on it but would prefer not to say so. It neither courts headlines nor receives plaudits - but without it, the well-worn phrase about the lights going out would soon turn to reality.

Opinion

Building Great Wall of energy conquest

In my article "Deal or No Deal" (Energy, November, 2011), I highlighted my expectation of increased bid activity from National Oil Companies (NOC's) given their significant sovereign wealth fire-power and the perception that in current volatile markets, there was value to be exploited.

Opinion

Striving for “One North Sea”

Energy treaties with Norway seem to happen with puzzling regularity these days. Last October, the then UK energy secretary, Chris Huhne, and his Oslo counterpart signed "an historic energy agreement" - according to a DECC (Department of Energy & Climate Change) press release - to "co-operate further on renewables, oil and gas and the use of technology such as carbon capture and storage".

Opinion

Norway – great leaders of the technology race

When people ask me where are our equivalents of the Norwegian companies Kvaerner, Aker, Kongsberg, Hitec, Framo and others such as Petroleum Geo-Services and Dolphin Geophysical or offshore drillers like Odfjell or Seadrill, or the powerful armada of offshore support vessels, then I really can't give them an answer.

Opinion

The pain of explorers

Oil & gas explorers, particularly small-caps, have always caught the imagination of the private investor attracted by potentially significant rewards. Exploration success is often greeted by rapid share price ascent; disappointment on the other hand can result in a ruthless sell-off.

Opinion

A terrific summer of inspiring sport

This summer has provided us with plenty of exciting sporting events to watch including the Euro 2012 football championships, the Tour de France and the London 2012 Games. It's been enormous fun to view from our sofas armed with a cool drink and some tasty snacks but have we been inspired to get out there and try some sporting activities for ourselves?

Opinion

Showing faith in province

The anticipated acquisition of Nexen by CNOOC provides further evidence of global organisations' continuing interest in the North Sea, and another example of major merger and acquisition activity on the UK continental shelf.

Opinion

Surprise entry of the dragon

I have long warned that China's so-called national oil companies - China National Offshore Oil Corporation, China National Petroleum Corporation and Sinopec - are scouring the globe, seeking access to high-quality oil andgas resources pretty much anywhere.