Opinion

Opinion

Should the OBR re-think its tax predictions?

18/07/2012

UK Government figures last week projected tax revenues from North Sea oil and gas would plunge by more than previously predicted in the next 30 years. This year the Treasury will raise about £11.2billion in taxes from the sector. Aberdeen University petroleum economist Professor Alex Kemp says the predictions may prove to be well wide of the mark.

Opinion

If the cap fits …

02/07/2012

In the aftermath of the Macondo incident it was rapidly recognised that, perhaps because of an impressive record of drilling without incident, the offshore industry had failed to focus on the potential impact of a well control incident in deepwater.

Opinion

South African exploration & production activity continues to gain momentum

02/07/2012

Exploration and production (E&P) activity is gaining momentum across the south-western regions of Africa and in particular South Africa. Favourable geology for oil and gas off the country's west coast, high levels of foreign direct investment (FDI), legislative changes and updates to the tax regime are continuing to improve South Africa's investment in oil and gas prospects.

Opinion

Learn to love your liver

02/07/2012

You might well have heard the expression "feeling liverish" meaning feeling a bit out of sorts especially after having eaten or drunk too much. Western doctors might well disregard the expression and consider it to be an old-fashioned and obsolete description but, in the Far East, a link is made between feeling apathetic and miserable with having a sluggish or overloaded liver.

Opinion

From Russia with very little love

02/07/2012

BP is not a company that has needed to seek its problems over the past few years. Aside from the near-catastrophic experience of the Macondo incident, the Russian joint venture TNK-BP has been a thorn in the super-major's side for the last five years.

Oil & Gas

The fall and rise of our oil fabrication industry

04/06/2012

We probably all have hobbies or special interests. My elder daughter often berates me for the amount of time in my life I have spent watching football, either live or on television. Sadly, that must add up to years' despite my being an Inverness Caley Thistle and Scotland supporter.

Opinion

A call to arms

An oil & gas industry strategy for Scotland, targeting higher long-term recovery rates, greater exports and £30billion supply chain annual sales by 2020 is plain commonsense.

Opinion

Breaking up is hard to do

04/06/2012

One would not normally link the 1962 Neil Sedaka hit with the oil and gas sector but never has the line "Breaking up is hard to do" been more apt than in 2012.

Breaking