Gas flaring – colossal waste
Some 30% of Europe's annual consumption of natural gas and a quarter of US consumption is wasted through flaring, according to research commissioned by GE Energy.
oil industry
Oil firms’ technical challenges top conference agenda
GLOBAL operators and service companies will gather in Aberdeen this week to discuss the oil industry's most-pressing technology challenges.
The everlasting economics of corruption
I HAVE worked in the oil&gas industry for about 25 years. Before that, I spent years on the economics staff of Aberdeen University, specialising in energy economics.
Tough H1 for oil, but H2 looking more positive
The under-performance of oil&gas against the broader market could be blamed on a number of things, including the uncertainty over the future of BG Group's Queensland Curtis coal-to-LNG project from the proposed resource super-profits tax in Australia (the project was subsequently made exempt from the tax after a rethink) and the change of UK prime minister in July.
Aberdeen last in, first out of UK recession?
Bob Ruddiman, head of energy at law firm McGrigors LLP, who has been closely involved in the Riding the Rapids project, told Energy: "Over the years, we have coped with volatility of the oil price, but never before has it been linked so strongly to a credit crunch and squeeze on capital markets. It's suggested in the survey that oil&gas sector companies have not learned the lessons of past recessions, but I think, this time, it could be different and new business models will emerge."
Oil firms line up for compensation
Dozens of oil companies are said to be in a strong position to seek compensation from the Venezuelan government after it seized control of operations in the country.
Ruling gives clarity on offshore leave
The Employment Appeal Tribunal (EAT) has reversed the Aberdeen employment tribunal's decision relating to the holiday entitlement of offshore workers.
Oil industry warned over impact of downturn
THE former vice-president for the UK with oil field services giant Halliburton said last night in Aberdeen that the oil industry was used to price-driven "boom and bust" cycles, but the present cycle was totally unexpected.
Norway’s energy industry saves jobs
NORWEGIAN trade body OLF predicts a "positive" outlook for the oil&gas industry - at least on its side of the North Sea divide.
OE 2009 – freshness and relevance
The chairman of the 2009 Offshore Europe conference is promising an exciting programme with heavy emphasis on strategic issues, especially climate change and Big Oil, globalisation of the talent pool, operating models and breakthrough technologies.
New transatlantic shipping service up and running
A new scheduled transatlantic shipping connection between Aberdeen and the Gulf of Mexico will deliver its first cargo of oilfield equipment to the north-east port this weekend.
Shell and Exxon next in the spotlight
All eyes will now be on Shell and ExxonMobil, which will announce huge third-quarter profits tomorrow.
But who can regulate the regulators?
As I write this, banks, building societies and other financial institutions are collapsing all around.