Opinion

Opinion

Avoiding cost overruns in decommissioning

04/10/2018

The UKCS is the largest decommissioning market in the North Sea. There are around 475 fixed facilities, over 10,000 kilometres of pipeline and approximately 5,000 wells. These will all need to be decommissioned over the next 30 years, when they reach the end of their economic life, at an estimated cost of £59.7 billion.

Opinion

OPINION: Support growing for leaving rigs in place

17/09/2018

The Scottish Government’s backing for an ultra-deep-water decommissioning facility at Dales Voe in Shetland reminded me of a communication I received from energy minister Paul Wheelhouse.

Opinion

The downside for oil is limited

12/09/2018

More than two weeks of nearly uninterrupted price gains for crude oil ended this week, with the rally running out of steam. The question is what happens next?

Opinion

OPINION: Making tax digital

10/09/2018

Harnessing the power of digital for business growth needs to be adopted across the whole of your business in order to grow. That holistic approach needs to start somewhere; could that starting point be your tax function?

Opinion

OPINION: How oil executives make their own luck on pay

05/09/2018

You have to make your own luck, allegedly, but it really helps when stuff just goes your way. And it really really helps if you can somehow combine favorable vagaries with a little fortune-engineering of your own.

Opinion

OPINION: Helping our offshore supply chain compete

05/09/2018

Later today, with my colleagues Neil Gordon, Subsea UK Chief Executive and Stuart Payne, Director of HR and Supply Chain at the Oil & Gas Authority (OGA), I’ll provide evidence to the Scottish Affairs Committee in Westminster on a proposed sector deal.

Opinion

OPINION: People are not your biggest asset

05/09/2018

We’ve all heard it a thousand times, ‘our people are our biggest asset’.  I don’t buy it.  I appreciate I’m perhaps failing to acknowledge the spirit of this statement, but to explain further – I don’t buy the idea that just having ‘good people’ (whatever that means) is enough to drive success.   Let’s also have a think about that notion of ‘good people’ – do we mean competent people, entertaining people, nice people, generous people, motivated people or just people who have previously worked for a business that competes with our own…?

Opinion

Paul Wheelhouse: Scotland is an energy rich nation

31/08/2018

Scotland has been at the heart of the global oil and gas industry for decades and, more recently, has been a driving force behind the renewable energy revolution, and has demonstrated high ambition with our world-leading targets and frameworks for mitigation of climate change.

Opinion

A Saudi-Iran oil war could break up OPEC

24/08/2018

When OPEC and Russia shook on increasing crude oil production by a million barrels daily to stop the oil price climb that had begun getting uncomfortable for consumers from Asia to the United States, there was no sign of what was to come just two months later: slowing demand in Asia, ample supply, and a brewing price war between Saudi Arabia and Iran.

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