After weathering the storm that was the price collapse of 2014, the oil industry has again been hit in recent months by two new blows almost simultaneously: oversupply (caused by the failure of negotiations between Saudi Arabia and Russia to agree on production cuts and the aggressive response of the former); and a demand shock (reflecting the economic impact of the Covid-19 lockdown).
We are proud to be a part of an industry that has evolved considerably over the last 90 years, delivering real economic growth to the UK and worldwide economies whilst making an undeniably positive impact on the environment. As technology has evolved our knowledge, expertise and work ethic continues to play a vital role in the success of metal recycling.
Anderson Anderson & Brown Corporate Finance is delighted to share with you our quarterly Deals+ update for Q1 2020 in conjunction with Energy Voice, highlighting selected oil and gas mergers and acquisitions and fundraising transactions across the UK.
With Covid-19 causing significant cashflow issues for most companies trading in the UK, we recommend you carefully consider whether you are undertaking research and development (R&D) work. If you are, it means you can boost your cashflow by making a claim for R&D tax relief.
2020 arrived with a much-needed feeling of optimism and positivity throughout the industry. The long anticipated, planned Forties Pipeline Shutdown (FPS) presented the optimum opportunity for many Operators to align their summer shutdown campaigns and engineering project scopes to coincide.
International oil and gas companies operating in the Gulf are well-versed in dealing with fluctuating oil prices.
At LR, we understand that it’s not always possible to see what you need to and gain clear insights when operations are unmanned or when equipment isn’t visible due to inaccessibility factors such as height, space, challenging and remote locations, or travel restrictions.
Texo Group has been delivering a range of services on Valaris 123 at the Port of Dundee including its rebranding.
In an ideal world, organisational change management is planned – for example, the introduction of a new HR system, the opening of a new branch or adopting new technologies.
With crude oil prices sitting in the low $30s due to the impact of a global pandemic, the oil and gas industry will have to be creative in how it responds to the impact around the world.
It’s no secret that the situation the world finds itself in is an unprecedented one.
Global integrated materials and logistics management company ASCO has built a strong reputation leading the way for logistics shared service models in the oil and gas sector. With many similarities existing between offshore wind and upstream oil and gas operations, ASCO is now using its capabilities to support supply chain optimisation in the renewables sector. ASCO general manager Southern North Sea (SNS) Alisdair Duncan gave us an insight into how ASCO is drawing upon its 50-plus years’ experience in the oil and gas sector to service clients working in the SNS basin, where there is a growing emphasis on renewable energy.
Aberdeen-headquartered Cortez Subsea champions new and proven technology to offer one of the most cost-effective pipelay methods in the world.
The Covid-19 pandemic is driving us to find new ways of getting things done. In these uncertain times, digital technology is leading the way.
Most people in the oil and gas industry will be aware of the term “functional safety”.
If we are to stick within the Paris targets, the OECD estimates that $70 trillion of investment in decarbonisation will be needed over the coming decade. This begs the trillion dollar question; where’s the cash going to come from?
Cortez Subsea has strengthened its pipeline engineering capabilities with the formation of a new team in Cairo.
Aberdeen-headquartered Cortez Subsea is using cutting edge, 3D technology to achieve success in the global inspection market.
Texo DSI has delivered inspection and survey data offering unique insights to the owners and operators of a range of North Sea assets across oil and gas and the renewables energy industry.
According to the International Renewable Energy Agency (IRENA), the energy transition is defined as ‘a pathway toward transformation of the global energy sector from fossil-based to zero-carbon by the second half of this century’.
Heart disease is the single biggest killer in Scotland. It acts as a huge burden on the NHS, with someone in Scotland being admitted to hospital due to a heart attack every 50 minutes. It causes daily devastation, with coronary heart disease causing around 18 deaths every day.
Aberdeenshire-based Red Rooster Lifting continues to be at the forefront of development within the lifting industry. Building on the demand for Red Rooster rental equipment, there has been a significant investment for 2020 in a range of bespoke designs offering customers the supply, rental, and servicing of the best-powered lifting and load measuring solutions in the world.
Few would doubt that the global energy industry is facing huge challenges as it transitions to a low carbon future. But most would agree that, with the sector’s usual combination of innovation and commitment, these can be overcome.
Safety and engineering experts will deliver talks at PIM’s upcoming integrity management event, ‘Sustainability, integrity management and the North Sea’.
The oil industry has some great female role models among its leaders – just here in Aberdeen, Deirdre Michie and Colette Cohen spring immediately to mind.