The appetite for mergers and acquisitions in the global oil & gas industry remained robust in 2007, despite the credit crunch sparked by the US sub-prime mortgage lending debacle.
Oil & Gas
Five years have passed since US and UK forces invaded Iraq and overthrew Saddam Hussein. There would be few people who expected the problems there to have lasted so long, with little sign of solutions in the foreseeable future.
Our oil industry is high value, high risk. When the UK's Corporate Manslaughter Act 2007 comes into force next month, it is expected to herald the start of a new era in the world of health and safety prosecutions.
Glamis Castle is not the most obvious setting for me to engage in a spot of contemplation about how the world's energy needs could be met and climate crisis averted. Even less would I expect to be doing so in the company of a Nobel Prize-winning physicist.
An undersea robot "glider" that harvests heat energy from the sea to propel itself across oceans? You have to be kidding - surely?
It came out of left field - I mean the £500million conditional deal between Lunar Energy and the Koreans to manufacture and deploy tidal (marine current) turbine technology developed by Aberdeen offshore oilfield company Rotech Engineering.
Shell has signed up to a joint research and development agreement in the US that is intended to make biofuels more efficient and greener.
Amec has made an acquisition calculated to deliver huge leverage to its oil & gas engineering and project management capabilities worldwide.
The current turmoil in the financial markets may feel pretty much irrelevant to anyone working in the oil & gas industry. Believe me, it isn't.
Light well intervention using ships rather than cumbersome, expensive mobile offshore drilling units rigs is gaining momentum. The population of vessels capable of handling this type of work is poised for a growth spurt and the technologies required to carry out the work are maturing.
Chevron is working on a project designed to boost the recovery rate from the UK North Sea Captain heavy oilfield to 50%. If successful, this could deliver up to 160million additional barrels of oil and boost recoverable reserves past the 450million barrels mark.
The Global Wind Energy Council is forecasting that the global wind market will grow by more than 155% to reach 240GW (Gigawatts) of total installed capacity by 2012.
Norwegian company Seawell Management has stated its intent to order a new well service unit (WSU) from German company Streicher at a cost of $50million. If options for a further two units are exercised, this will bring the bill to $150million.
FROM Q3 2008, the University of Leeds is offering a new three-year BEng (Honours) undergraduate degree course in petroleum engineering. The diet comprises:
MORE than 600 people attended the annual subsea oil and gas sector awards dinner at Aberdeen Exhibition and Conference Centre, Bridge of Don.
POSITIVELY the last Burns Supper of the season was held the other night by the Aberdeen office of the global IT services firm EDS.
Forgetting things is normal and is often a factor of the ageing process. In my case, and I am sure many others, too, it is sometimes a question of choice to conveniently forget something.
Subsea engineering and construction contractor Technip has appointed its first undergraduate scholars - the result of establishing a scholarship scheme originally launched early-2007
Energy has just received the latest SCDI Young Engineers Clubs newsletter and what leaps off the pages is the number of competitions there are this year. Engineering is becoming cool.
Healthy people are generally happier people, who are more productive and contribute more to the organisations they work for.
Rockfield Software is near the end of a three-year joint industry project focused on prediction of the initiation and evolution of fractures and faults within hydrocarbon reservoirs.
If you haven't already done so, there is still just enough time to enter the new energy category at Ernst & Young's Scotland Entrepreneur Of The Year Awards 2008.
2008 has begun with a flurry of exploration, with 12 of the 14 wells spudded to date targeting prospects, and only two appraisal wells.
NORWAY'S Ocean Rig has set a record $637,000 per day for premier-division semi-submersible rigs by securing a three-year $723million contract with UK-listed independent Tullow. There are two one-year options on offer that must be exercised before the end of 2008.
WITH more than 75 purchasing organisations now using FPAL as their supplier management and selection tool, the organisation is becoming the world's leading oil & gas industry supply chain database.