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Insights

Opinion

Callum McCaig: Osborne it’s time you repay the industry that paid you

Scotland’s oil and gas industry has generated well over £300billion for Treasury coffers and it employs more than 375,000 people from across the UK. It is an important industry for the north-east of Scotland and the national economy, and one that has benefited UK government expenditure for very many years.

Opinion

Opinion: When standardisation includes merging back offices

We have all become accustomed to the chants of the industry about how more has to be done to ensure sustainable economics and thus the longevity of the basin. To date much of the call has been on the government or related bodies to reduce taxation and provide support for the sector in this low commodity price and high cost era.

Opinion

Opinion: Unleashing the potential of shale gas

The emergence of unconventional gas over the past few years has transformed the global energy market. Breakthrough technology has enabled key producers, especially in the US to supply the global market with shale gas, reshaping the energy landscape in its wake. Since this revolutionary technology was brought to market, companies have looked to deploy it in many markets as part of a global shift to a low carbon, energy secure future.

Opinion

Opinion: Why is Saudi Arabia even prepared to discuss supply restraint?

A second meeting has been pencilled in by the kingdom, Russia, Venezuela, Qatar and an unspecified group of oil producers (OPEC and non-OPEC) to talk again about the proposed output freeze, according to Nigerian petroleum minister Emmanuel Kachikwu. But no-one should read this as a sudden outbreak of altruism in Riyadh.

Opinion

Opinion: Navigating the black expanse of $30 oil

Where do efficiency savings and productivity gains come from when the obvious wastage is eliminated? When the headcount requires no more than a couple hands and a foot? That’s the question facing many of us now as the black expanse of $30 oil spreads out before us.

Insights

Granite City could learn a lot from Motown

The nickname Motown describes two distinct aspects of the US city of Detroit. One was the name of the famous record label which spawned a conveyor belt of pop classics from the likes of Stevie Wonder, Marvin Gaye and Michael Jackson.

Opinion

Opinion: We are at a crossroads

We all know the tough times facing the north-east. The continuing slump in the oil price is presenting this area with perhaps its biggest challenge since drilling began 40 years ago. The truth is that we are at a crossroads, and I think it can now go one of two ways.

Opinion

Opinion: Why OPEC will not call an emergency meeting

None of the 13 members of OPEC want the oil price to continue at its current level for longer than is necessary. For some OPEC members, the situation is becoming critical. Even Saudi Arabia, whose lifting costs are well below the current price, is running a budget deficit and taking action to reduce the rate at which it is using up its foreign currency reserves.