Mark Lammey

Energy Voice editor
Oil & Gas

Cairn India seeks to export oil despite ban

10/06/2015

Cairn India is thought to have invited initial bids for exports of its oil from the desert state of Rajasthan, despite a government ban on overseas sales of locally-produced crude.

Market info

British spot gas prices rose as demand for restocking increases

10/06/2015

British spot gas prices rose on Wednesday in response to strong inventory restocking demand which followed a shut-down of the gas link with Belgium for 16 days of annual maintenance. The price of gas for Wednesday delivery, known as the spot contract, rose 0.25 pence per therm to 45.70 pence by 0851 GMT, while gas for delivery on Thursday rose 0.05 pence to 45.25 pence. Britain's gas network was undersupplied by 21 million cubic metres/day (mcm), equating to around 11 percent of daily demand which was pegged at 190 mcm, according to figures from National Grid. The shortfall reflects both strong demand for refilling large- and mid-range storage facilities and the closure of the Britain-Belgium gas interconnector, which led to reduced gas deliveries from Norway and domestic terminals.

Oil & Gas

Gold Awards: A golden evening in the silver city

08/06/2015

Despite a difficult year the energy sector is still a vital organ of our economy. Companies and policymakers have made a considerable effort to reduce production costs and ensure the industry remains a provider of thousands of jobs in the north-east. The Press and Journal Gold Awards marked 50 years of oil and gas activity in the region and outlined an optimistic outlook for the future of an industry that can thrive for 50 more. Mark Lammey reports. All that glitters in the North Sea oil and gas industry was celebrated at the weekend as the inaugural Press and Journal Gold Awards were held in Aberdeen. The event, run in association with the paper’s sister website Energy Voice and title sponsor Aberdeen Asset Management, marked a major milestone for the sector – the 50th year of the granite city’s involvement in the development of the North Sea.

Oil & Gas

Long-term approach needed by oil and gas companies to recruitment

08/06/2015

Oil and gas companies need to take a long-term, strategic approach to recruitment if they are to avoid the pitfalls of a self-inflicted, perpetuating talent shortage, a new report says. Energy firms are more focused on reducing their headcounts to cope with the current oil price downturn, with industry body Oil and Gas UK venturing last month that as many as 4,000 North Sea jobs have been lost since last summer. But talent shortages have affected the industry since the 1990s, and many observers have warned that the sector still needs to find new workers, or it will not be ready to take advantage when the market picks up.

Oil & Gas

Gold Awards: Star players in 50 years of North Sea oil and gas

08/06/2015

The firms and individuals which have shaped a half-century of innovation and achievement in the North Sea have been celebrated at a sparkling ceremony in Aberdeen. Crucially, the Press and Journal Gold Awards also highlighted those who hold the key to the offshore sector’s future. Prizes were presented to Statoil, Balmoral Group, Apache’s Mark Richardson and the VisuaLoSal project, while Wood Group picked up two honours on the night.

Oil & Gas

Unions’ strike action threat

05/06/2015

Union bosses have given offshore catering companies two weeks to return to the negotiating table and hammer out a compromise on staff pay, or risk facing strike action. The Unite union yesterday said the Caterers Offshore Trade Association (Cota) had “refused to enter into meaningful discussion” regarding its members’ earlier decision to backtrack on a 2% pay increase that had been agreed for this year.

Oil & Gas

OPEC moots $80 as new ‘fair’ oil price

04/06/2015

Nearly a year after oil markets entered a deep downward spiral, unmoored from the $100-a-barrel mark that had anchored them for years, some OPEC members are publicly talking for the first time about a new "fair" price for their crude.

Other News

Aberdeen -Stavanger Gateway 2015: ‘Promote sector or face shortages’

03/06/2015

North Sea oil and gas companies must continue to promote the sector to young people or face a shortage of workers in the coming years, a Statoil official said yesterday. Low oil prices have hit the industry hard with many companies forced to let staff go in order to free up funds for new projects, but Statoil appears to be taking a longer term view on employment. The company plans to increase its Aberdeen-based headcount to 200 from 130 when it moves into a new office in Kingswells next spring, with hundreds more working offshore on its Mariner development.

Americas

Brazil oil group seeks changes to local-content rules

26/05/2015

Brazil's national oil-industry association, IBP, released a list of suggestions for regulatory changes on Monday that it hopes will boost exploration activity in the wake of falling oil prices, high costs, delays and a graft scandal at state-run oil company Petrobras.

Americas

Texas oil patches brace for more rains, possible floods

26/05/2015

Texas oilfields could see strong rains and thunderstorms later this week, though they were spared the heaviest flooding that struck central and eastern Texas over the Memorial Day weekend, the National Weather Service said on Tuesday.

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