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Daily

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.

All News

Prosafe not expecting oil market recovery, plans pay cuts

Offshore accommodation provider Prosafe said there was no oil price upturn on the horizon after proposing a round of staff pay cuts. According to one Prosafe worker, who wishes to remain anonymous, the Norwegian company will implement pay cuts across the board from May. The employee said the firm’s top brass were taking pay cuts of 5-7%, while staff on lower wages faced reductions of 20-28%.

Technology

Hydrogen drone technology takes off

Green-energy company Cella and the Argyll-based Scottish Association for Marine Science (SAMS) have together achieved what is thought to be the world’s first hydrogen-fuelled flight.

Events

Norwegian daredevil duo – and Bob Keiller – talk risk management

A duo of Norwegian daredevils will parachute into a risk management conference near Aberdeen in May. Once they have landed, skydivers Bjørn Magne and Espen Fadnes, will deliver presentations on corporate risk. Mr Fadnes was an advisor to the Norwegian army before he became a full-time airsport athlete, while Mr Magne is an oil and gas sector safety advisor.