In 1999, the Revenue decided to change the contracting landscape with the introduction of IR35, an anti-avoidance tax legislation. The legislation originally imposed a series of tests to verify whether the worker could be classified as self-employed or not. Qualifying questions included “could they replace themselves if they were unable to go to work”, and “how many companies do they contract with each year” in order to establish their true status.
Absenteeism can be a big problem. Average employee absence is 6.6 days per year and the annual cost to British businesses is around £554 per employee, according to the Chartered Institute of Personnel and Development (CIPD).
The new year is the ideal time to start fresh. It brings a sense of opportunity as many people seek to start their own entrepreneurial journey and 2019 will be no different.
PIM is delighted to announce that its second annual integrity management conference, ‘Risk: strategy rather than chance’, will take place on Thursday March 28.
By Colin Mackenzie, vice president for Subsea, Expro
Hydrocarbon supply is still key for meeting global energy demand and while a continued focus on maximising recovery from existing wells is important, it is also crucial for the industry to continue to identify new prospects as many aging assets come to the end of field life.
The organisers of the prestigious cHeRries Awards are on the hunt for an exemplary employer of choice as the next edition of one of the north-east’s most prestigious business events looms closer.
Lerwick Harbour’s strategic location has been the building block for its huge contribution to the development of east Shetland Basin oil fields over the past 50 years.
This year holds special significance for the team at Petrasco as it marks our 45th year in business since first opening our doors in the Granite City in 1974.
As Scotland’s energy sector transitions to a lower-carbon future, diversification has become a buzzword for businesses looking to take advantage of new opportunities.
At AAB we are experienced in advising management teams, corporate clients and private shareholders on how to raise appropriate funding aligned to their business needs, whether it be for organic or acquisitive growth, working capital purposes, or an equity investment to unlock the value held by existing shareholders.
Despite signs of an upturn in the North Sea, global oil and gas producing areas continue to be an attractive option for companies looking to establish new operations.
The International Marine Contractors Association (IMCA) has brought together an impressive line-up of speakers for its two-day Annual Seminar in The Hague, on November 28-29, 2018.
Dr. H. Saltuk Düzyol, CEO at TANAP Natural Gas Transmission Co., said earlier this year that ‘TANAP Project will definitely bring some flavor to the European market. Because South East Europe needs more and more gas to meet their ever-increasing demand. They are also dependent on one source country which is Russian Federation. TANAP Project will increase the bargaining power against their existing suppliers; they’ll gain greater operational flexibility and reduce cost for reaching energy’.
Does the fear of pipeline leaks and ruptures keep you awake at night? You don’t need us to tell you that the impact of pipeline corrosion, cracks and leaks can be significant. The operational costs due to shutdown and repair, and the lost profit and liability costs associated with pipeline rupture can surpass millions of dollars.
Dales Voe has been named as the preferred location for the UK’s first ultra deep-water port and has an approved planning application to increase the decommissioning
capabilities on site, opening up a unique opportunity for North Sea operators in the region.
An Aberdeenshire based firm of integrity management experts, PIM, has developed PIM Optimum, a smart integrity management solution, which according to PIM’s managing director, Steven Plant, will change the face of recording inspection information in the North Sea.
Diversification. It’s a word we have frequently heard in the oil industry, especially in the past few years, but what does diversification look and feel like in practice for a business like ours?