The oil and gas industry has spent the past decade or more destroying its value for shareholders, and now the industry has to make amends, said Ryan Lance, CEO of ConocoPhillips, the largest U.S. shale driller.
Is 2018 the year of the UK North Sea revival? With Brent crude surpassing the $71 a barrel threshold in January this year – the first time since 2014 – positivity is re-emerging. It seems almost daily I read of a new operator acquiring a field in the UK North Sea or an established player reinvesting, such as Shell giving the go-ahead to redevelop the Penguins field, the largest investment in the North Sea in six years.
Last month, EY launched its seventh annual review of UK oilfield services and the analysis revealed that huge opportunities remain for the sector but they will only be realised by disrupting the status quo. At a time when failing to innovate puts firms at risk, creating a culture of innovation is a critical theme for the future of the sector.
Australia and East Timor have signed a historic treaty drawing their maritime boundary, ending years of bitter wrangling over billions of dollars of oil and gas riches lying beneath the Timor Sea and opening a new chapter in relations.
Quality assurance giant Intertek notched up a double-digit increase in profits last year despite “challenging conditions” in the oil and gas infrastructure market.
Shares in Trinity Exploration and Production were up 5% this morning after the company reported a 74.6% increase in operating profits to $11million in 2017.
Bosses at KCA Deutag (KCAD) said yesterday that there were great opportunities “all over the Middle East” after striking a deal to expand the firm’s operations in the region.
Hedda Felin tells Allister Thomas why she thinks diversity is a strength in the modern workplace, and the role society has to place in encouraging that
“The more problems that we self-impose by over-reacting to market signals, the harder it will be for us to make this industry attractive,” says Jennifer Hartsock, speaking to EV down the line from Houston.
I consider myself incredibly lucky. I grew up here, a child of the industry, in a western suburb with a stay-at-home mum who met me from school every day, and a dad who travelled the globe, returning with stories of faraway lands and, of course, presents.
JFD’s National Hyperbaric Centre in Aberdeen is playing a key role in the quest to enhance global subsea safety standards by increasing its global footprint and offering a wide range of high quality courses around the world.
From the dim and distant past, I remember seeing adverts in the local paper of my childhood for meetings of an organisation called the Electrical Association for Women. Even then, it struck me as odd. Was electricity not gender-neutral?