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Oil & Gas

Oil & Gas

Georgia on our minds

I have been in Georgia several times this year, working on a feasibility study of transporting gas from the Caspian Sea countries - Azerbaijan, Kazakhstan and Turkmenistan - to European markets.

Oil & Gas

Maiden contract

Fugro Saltire enters Aberdeen to prepare for her maiden contract. This 111m ship, owned by E. Forland Shipowners and Fugro Rovtech, will provide offshore construction and subsea support. It is equipped with FCV 3000-class remotely operated vehicles

Oil & Gas

Joint venture

Odfjell Drilling of Norway and Metro Exploration (Th. Angellopoulos Group) have teamed up in a joint venture to own a pair of two ultra-deepwater drillships to be delivered from Hyundai Heavy Industries, South Korea, during Q1 and Q2 2011. The drillships are of Gusto design, and will be equipped for operations in water depths to 3,000m (10,000ft), but are designed to be upgraded for operations in waters as deep as 4,000m. Metro Exploration will retain 60% ownership in the vessels ordered earlier this year from HHI, and Odfjell Drilling will take a 40% stake and be responsible for the construction supervision, marketing and operation of the vessels.

Oil & Gas

StatoilHydro maps out NCS ambitions

NEW field projects and actions to increase oil&gas production are expected to add 600,000 barrels oil equivalent per day to StatoilHydro's production from the Norwegian Continental Shelf (NCS) by 2015, according to Hege Marie Norheim, the group's head of reserves and business development on the NCS.

Oil & Gas

The not-so-hidden cost of lost knowledge

I have happily hosted many a lunch with senior executives from many industries and, not surprisingly, the conversation at some stage moves to people. And one of the concerns often expressed is about the potentially catastrophic effects of highly talented people having too much responsibility too soon.

Oil & Gas

The customer is always right

It's interesting, isn't it, that, as much as we tend to disapprove of supermarkets - tut-tutting when we read about their profits, shaking our heads at the allegations of how they treat their suppliers and despairing at how they put local shops out of business - we still can't quite bring ourselves to stop using them?

Oil & Gas

Time for ‘forensic management’

Year in, year out, time and again I have listened to North Sea leaders saying that safety is getting better and that skills issues really are being tackled. While listening politely, the sceptic in me says, "Ye-e-e-s, but watch what happens to such pledges if commodity prices head for the basement or, more particularly, sink in the quick sand of middle management".

Oil & Gas

Icelandic project steams ahead

StatoilHydro has joined an initiative that aims to tap ultra-deep geothermal energy sources in Iceland with a view to generating huge quantities of electricity sustainability. Success could deliver a tenfold increase in the amount of energy harvested from existing wells.