Opinion

Opinion

Embrace hydrogen to achieve net zero

14/08/2020

Large-scale hydrogen storage can enable the rise of renewables while bringing benefits to local authorities, transport companies and electricity suppliers.

Opinion

Curlew – a decom object lesson

10/08/2020

I’m baffled by the Curlew decommissioning saga that will now see the life-expired FPSO be dismantled in Norway rather than via the original arrangement whereby it was to be prepped in Dundee prior to being towed to Turkey for chopping up.

Promoted

Successful innovation requires good corporate governance

07/08/2020

The energy industry is in the midst of a deep and wide-ranging digital transformation.  While Covid-19 and lower oil and gas prices have disrupted many investment programmes, the direction of travel is clear – the industry needs to continue to invest in innovation and the development and deployment of new processes and technologies.   Not to do so risks being left behind.

Opinion

Digital projects to reduce costs and offshore manning levels are progressing

05/08/2020

Despite its rich heritage of engineering ingenuity and entrepreneurial spirit, the oil and gas industry has been traditionally slow to adopt new technology. However, following the protracted downturn in recent years, this changed dramatically with companies much more open to collaborate on new technology and keen to embrace digital innovation in a bid to reduce costs and deliver ever-greater efficiencies.

Opinion

Danger of a China crisis

05/08/2020

In the world of geopolitics, it is remarkable how quickly a valued business partner can turn into the object of suspicion and candidate for sanction. The UK’s relationship with China now hangs in that delicate balance.

Opinion

Let’s use oil rig museum as platform to re-invent Aberdeen

31/07/2020

As someone who has previously run for parliament, allow me to attempt a typical politician’s response. Converting a redundant oil platform into a major Aberdeen tourist attraction is a great idea which I support. Or, then again, perhaps not. It’s definitely one of the two. There: that’s my bases covered.

Oil & Gas

The oil market continues its cautious rally but more uncertainty lies ahead

24/07/2020

For the oil markets, the first half of the year saw extraordinary swings in supply and demand, culminating in what is now thought to have been a staggering 22mbbpd of oversupply in April as OECD economies headed into lockdown  and OPEC+ cuts dissolved. Demand fell to 78mmbpd and Saudi Arabia pumped an additional 1.6mmbpd, driving Brent down to under $10/bbl on April 21st and briefly pushing the WTI futures contract into negative territory.

Opinion

Policy vacuum risks blowing Scotland’s net zero carbon drive off course

24/07/2020

Scotland will struggle to reach its net zero carbon targets unless Holyrood takes a swift and stronger grip on planning policy surrounding the deployment of taller turbine models, as well as a permissive approach to repowering of first-generation onshore windfarms with the latest technology.

Opinion

Concerns growing over firth’s rig system

21/07/2020

There has long been an easy way to monitor the health of the offshore oil industry. If the Cromarty Firth is hosting no drilling rigs, or only a few, then it’s in good shape.

Opinion

Heartened by new opportunities

21/07/2020

In recent times, trading conditions have been exceptionally difficult for many of us, especially in the upstream offshore construction sector.  The word “unprecedented” may be over-used but it remains relevant and accurate in describing the turbulent world in which we operate writes Aidan Thirsk, sales engineer at Zupt.

Opinion

Fiscal relief for upstream oil companies: what should governments consider?

15/07/2020

The current collapse in the price of crude oil is the most extreme so far this century. It has already had significant impact on the oil industry, leading to some declarations of force majeure (examples include licenses and contracts in Iraq and the Gulf of Thailand). The question we address here is: what will the impact be on upstream producing countries? And more specifically, how should upstream countries react if companies approach them for fiscal concessions, citing marginal economics?

Opinion

Green hydrogen is tomorrow’s oil

15/07/2020

The German government has recently adopted a National Hydrogen Strategy as part of its commitment to become both a global leader in the energy transition and a market leader in technologies that support the wider ambition to achieve carbon neutrality.

Opinion

Using drones to mitigate pollution losses

14/07/2020

The development of drone technology is beginning to touch on a wide range of industries, sectors and aspects of life.  Significant media attention has been dedicated both to beneficial uses of drones, such as unmanned aerial vehicle ("UAV") military reconnaissance missions, as well as the disruption which the misuse of drones can cause, such as the closure of Gatwick airport.

Opinion

‘Use time wisely’ for IR35, says former Worley project manager

13/07/2020

There has been a lot of discussion over the last 12 months about how the changes to Off-Payroll rules will impact the UK Private sector, and I have read with great interest some of the comments and foresight on what IR35 is and what it will mean to the UK contracting workforce.