Aberdeen oil explorer adds experience to boardroom
ABERDEEN oil firm Faroe Petroleum said yesterday that Tim Read had been appointed to its board as a non-executive director.
ABERDEEN oil firm Faroe Petroleum said yesterday that Tim Read had been appointed to its board as a non-executive director.
For many years, OPITO was known only for its role in regulating training delivery to industry standards. In fact, we were often referred to as the "standards police".
The global credit crisis is changing day to day, forcing many individuals and businesses to make non-routine decisions in times of uncertainty. Against this volatile backdrop, companies operating in the oil&gas sector face an increased risk of employee fraud and risk of corrupt practices.
"INITIATIVE rich but action poor" - that's how our industry has been described. There has certainly been no shortage of ideas about how we can improve our methods of working to take cost out of the supply chain; but sometimes the pace of the uptake of initiatives leaves more than a little to be desired.
The core task of the Offshore Supplies Office (OSO) was to raise the domestic content of UK North Sea expenditure to at least 70%. As Britain struggled to get to grips with its offshore oil&gas prize in the early years, it was deemed vital that the orders for platforms, pipelines and equipment were not lost overseas.
I am currently working and living in Sarajevo, the capital of Bosnia and Herzegovina. I had no gas in my apartment for four days when Gazprom/Russian Federation stopped supplies to Ukraine.
Two family stores, two energy services groups, a family recruitment enterprise, a football-club chairmanship and a passion for golf mark Roy MacGregor out as something of an action man.
HOUSTON-HEADQUARTERED Paragon Engineering is, through a joint venture with Prodoil of Angola, spearheading a drive to raise the standard of young local engineers in the West African state.
Scotland came a creditable second to Iceland in the final of an international student petroleum exploration competition, the roots of which lie in the Faroe Islands.
FRUIT and veg may be good for you but, in 10 years' time, we could be replacing fossil fuels and helping to save our planet by using the inedible bits we throw away to run our cars, boats and planes.
After the recent spate of cold weather, we are all now looking forward to spring and the promise of some sunshine and warmth. But what about those who have to work outside in the cold and in the middle of the North Sea?
AN ABERDEEN-BASED partnership has launched a new global index developed to quantify the difficulty of drilling wells. Its successful action should lead to large savings on well costs.
To date, 2009 has seen just seven wells spudded on the UK Continental Shelf, half the number recorded for the first two months of 2008.
A COMPANY which has provided coaching and training to the oil and gas industry for a decade threw a drinks and buffet party for clients at Aberdeen's Marcliffe Hotel.
STAFF working for Total E&P UK in the north-east had their extra-special efforts in the field of safety, health and the environment recognised at a dinner in Aberdeen's Marcliffe Hotel.
STATOILHYDRO and its partners in north-west Europe's largest offshore gas field, Troll, have chopped some of the further investment planned due to cost inflation and the slump in hydrocarbons prices.
ENI Norge has submitted the plan for the development and operation of the Goliat field in the Norwegian sector of the Barents Sea to Norway's Ministry of Petroleum and Energy for its approval.
CHEVRON has delayed its decision on whether to pursue the final design stage of its Makassar Strait, Indonesia, gas development project offshore Indonesia's East Kalimantan Province.
EGYPT is setting up an "independent" agency in a bid to make the North African state's hydrocarbons exploration and production more competitive in order to attract more foreign players.
THE upstream oil&gas supply chain is walking a tightrope between making cutbacks driven by the latest slump in oil prices and being ready for the next upturn in the fortunes of Big Oil, according to Schlumberger's CEO, Andrew Gould.
FMC Technologies has clinched a $75million (£55million) deal with Petrobras to engineer and manufacture four subsea manifolds and controls for its Roncador Module III project.
FAROESE company Atlantic Petroleum has relinquished its stake in offshore UK licence P1211, comprising blocks 14/9a and 14/14b, in the Central North Sea, for money reasons.
APRIL will see Aberdeen University once again run its enduring get to know the energy industry conference.
SHELL is offering the opportunity to acquire 40% equity in UK Licence P.077, block 22/12a Stavro Area, with a view to drilling the 100million-barrel prospect in Q4 2009 or Q1 2010.
Just because of healthy backlogs for 2009 and 2010, the subsea sector is not immune to the triple whammy of recession, the financial crisis and the current oil-price slump.