#OG2050: Expro – There is no silver bullet
In a low oil price environment, companies face a difficult challenge; maintaining vital business relationships with clients and operational capability, whilst maintaining profitability.
OTC
#OG2050: The Houston Perspective
Daniel Moynihan, a US Senator, coined the phrase “You are entitled to your own opinion but not your own facts”. Information influences perspective.
OTC 2015: ‘Supply chain more open now than it’s ever been’
The recent oil slide has seen the supply chain become more open now than it's ever been.
#OG2050 – How easy money is helping oil companies weather the bust
#2050 – The UK sector is in a fragile state
The UK offshore industry is in a fragile state. Around 300 fixed production facilities remain in operation, many of which are in excess of 40 years of age and require continuous maintenance and integrity management provision.
OTC 2015: Harkand – It’s time to shed the oil price shock
An industry leader said it’s time the sector shed the oil price shock and started working on becoming a better version of its former self.
OTC 2015: Step Change in Safety’s ‘coming of age’ year
Twelve months ago Step Change in Safety leader Les Linklater was staring down one of the toughest safety adaptation challenges in the sector’s recent history.
OTC 2015: Hampco shrugs of $20million Brazilian hit
An Aberdeen entrepreneur now based in Houston has shrugged off a $20million (£13.2million) hit to his business as a result of the Petrobras “graft” scandal.
OTC 2015: Statoil – Industry must foster competitive spirit
The industry must foster a new kind of competitive spirit amid this latest down cycle, according to Statoil.
OTC 2015: Industry must have investment courage, says Atlas boss
The industry must be courageous enough to invest in its skills pipeline amidst a dipped marketplace, according to Atlas chairman Robert Morgan.
OTC 2015: Making business work in hot export locations
In current market conditions, the best way to nurture the skills and profit margins of a Scottish company is to grow it abroad, advises chairman and partner at Scottish independent accountancy firm Campbell Dallas LLP, Ian Williams. The links between Texas and the North-east of Scotland are well known. The latter borrowed the native oil and gas pioneers from the US to kick-start its industry in the North Sea. Now, the UK Continental Shelf is established in its own right and is seen as a testing ground for projects with international potential. The region sends thousands of experts with years of knowledge to work in all parts of the globe.
OTC 2015: Brazil confirms acreage auction
Brazil confirmed 269 blocks located outside its pre-salt area will be auctioned off at the end of this year.
OTC 2015: Together, we have a problem Houston
Low oil prices and high costs are not just our problem, it’s a global problem. Respect to those who have not travelled to the Offshore Technology Conference in Houston this month, either to conserve cash or to express solidarity with those struggling at home. However, nobody can deny those of us here in Texas have a collective job to do.
OTC 2015: Shell takes plunge with deepwater CT scan
Shell has completed a technlogy first after deploying a subsea CT scanner to its Gulf of Mexico deepwater flowlines.
OTC 2015: Industry Trailblazer – Wood Group Mustang’s Michele McNichol
Michele McNichol doesn’t believe in glass ceilings. She does the believe in the industry’s success depending on its ability to foster a boundless “engineering curiosity”.
OTC 2015: Does the sun shine in Mexico?
Mexico’s commitment to the reform and opening up of its energy sector was underlined by President Enrique Peña Nieto visit to Aberdeen in the run up to this year's Offshore Technology Conference (OTC).
OTC 2015: Ceona’s Amazon wins deepwater GoM work
Ceona has landed a contract to carry out deepwater work in the Gulf of Mexico.
OTC 2015: Pemex eyes up North Sea alliances
Pemex confirmed it’s on the hunt for North Sea alliances.
OTC 2015: Fifth Ring goes to Rio to extend its international reach
Aberdeen marketing and communications specialist Fifth Ring has teamed up with a Brazilian counterpart in a move which both firms hope will lead to new business in the international oil and gas market. The strategic alliance with Rio-based Zoom Out will see the companies co-operate on digital media, public relations and brand strategy projects for a wide variety of clients and on both internal and external campaigns. It also sees Fifth Ring extend its operations from its current bases in Aberdeen, Houston, Dubai and Singapore.
OTC 2015: Aberdeen accountants spread the word about north-east expertise
A trio of accountants from Aberdeen firm Johnston Carmichael (JC) is currently in Houston in the US as part of efforts to spread north-east oil and gas expertise around the world. Granite City office joint managing partners Niall Farquharson and Andrew Walker along with new recruit and tax director Richard Britten are attending the world’s biggest oil show, OTC. Mr Britten only joined JC in April but is already playing a key part in building the firm’s employer solutions practice, which targets companies with internationally mobile employees.
OTC 2015: Peterson unveils new real-time tracking software
Logistics firm Peterson used its presence at the Offshore Technology Conference (OTC) to launch its new real-time tracking software to the offshore oil and gas industry. The Aberdeen and Netherlands-based firm demonstrated is “intelligent" supply chain system, VOR, on its stand at the OTC Scottish pavilion. Peterson believes VOR will deliver the cost reductions sought by an offshore oil and gas sector grappling with the oil price crash.
OTC 2015: Baker Hughes’ new ultradeepwater system to recover billions
Baker Hughes launched its latest technology aimed at improving recovery factors at this year’s Offshore Technology Conference.
OTC 2015: Video – UIS launches subsea roadmap
Underwater Integrity Solutions, which was launched at this year's Offshore Technology Conference, has revealed plans for a subsea roadmap.
OTC 2015: The Journey – British Consul General Andrew Millar
Andrew Millar wants to thank his teenage wayward self.
OTC 2015: Getting uber-tough on well control
As if to spice debate at this year’s OTC (Offshore Technology Conference), the US Department of the Interior has told the oil companies and their supply chain that it’s about to get tough on well control. The decision wasn’t unexpected, but the timing is neat, especially given the Mexican offshore tragedy on April Fool’s day in which four workers perished and more than 40 were injured as a result of a platform, part of the Abkatun-Pol-Chuc offshore field complex, blowing up. While the cause is not yet clear, it would appear that it is not well-related as operator Pemex restored production in large part from the field within days, recovering some 80% of output shortly thereafter. Nonetheless, the very fact that there has been another dangerous offshore incident within the Gulf of Mexico region, moreover one originating from a company with a poor safety track record, suggests that the US will now be ultra-twitchy about the HSE record of any oil & gas installation or its operator in waters adjacent to its own patch.