It’s extraordinary to think that when we should have been gearing up for the main global oil and gas event of the year, instead we are mostly staying indoors for the foreseeable future. This doesn’t mean however that we down tools.
In these difficult times, it is challenging to manage day-to-day business as well as thinking to the future. Clearly, we have seen rapid and significant changes to business operations and Aberdeen Renewable Energy Group (Areg) members and others are under greater pressure than ever to deliver results.
Having assisted clients during previous health challenges such as Ebola, Zika virus, SARS, avian flu and the H1N1 2009 influenza pandemic, global healthcare provider Iqarus has approached Covid-19 using its wide-ranging medical expertise and experience to support its clients with additional services and expert solutions.
In the 12-month period from January to December 2019 the Office for National Statistics reports that an estimated 1.7million people worked mainly from home, a mere 5% of the workforce.
At a point when much of the world is coming to terms with how to work from home, Samsung’s MagicINFO Remote Management Solution offers an ideal means to reduce site visits and service calls.
Despite the uncertainties raging around us, as an industry and as individuals we have adapted quickly to the challenges of lockdown. The return to normal may prove a longer, challenging but potentially rewarding path, believes Jon Clark, EY EMEIA Oil & Gas strategy and transactions leader.
While the immediate priority is survival, senior management of exploration and production (E&P) companies will also be looking to the future, seeking ways to access the capital required to bring undeveloped oil and gas discoveries into production and lower carbon dioxide emissions.
Phrases like ‘global pandemic’ and ‘negative oil price’ don’t tend to embolden investors. They would normally send them running for cover with their chequebooks safely tucked away for sunnier days.
We are all getting used to the challenges of the lockdown. As it becomes clear that this situation is going to continue for some time, we need to consider the legal implications of the stress caused to businesses by the double blows of Covid-19 and the oil price fall.
After weathering the storm that was the price collapse of 2014, the oil industry has again been hit in recent months by two new blows almost simultaneously: oversupply (caused by the failure of negotiations between Saudi Arabia and Russia to agree on production cuts and the aggressive response of the former); and a demand shock (reflecting the economic impact of the Covid-19 lockdown).
We are proud to be a part of an industry that has evolved considerably over the last 90 years, delivering real economic growth to the UK and worldwide economies whilst making an undeniably positive impact on the environment. As technology has evolved our knowledge, expertise and work ethic continues to play a vital role in the success of metal recycling.
Anderson Anderson & Brown Corporate Finance is delighted to share with you our quarterly Deals+ update for Q1 2020 in conjunction with Energy Voice, highlighting selected oil and gas mergers and acquisitions and fundraising transactions across the UK.
With Covid-19 causing significant cashflow issues for most companies trading in the UK, we recommend you carefully consider whether you are undertaking research and development (R&D) work. If you are, it means you can boost your cashflow by making a claim for R&D tax relief.
2020 arrived with a much-needed feeling of optimism and positivity throughout the industry. The long anticipated, planned Forties Pipeline Shutdown (FPS) presented the optimum opportunity for many Operators to align their summer shutdown campaigns and engineering project scopes to coincide.
International oil and gas companies operating in the Gulf are well-versed in dealing with fluctuating oil prices.
At LR, we understand that it’s not always possible to see what you need to and gain clear insights when operations are unmanned or when equipment isn’t visible due to inaccessibility factors such as height, space, challenging and remote locations, or travel restrictions.
Texo Group has been delivering a range of services on Valaris 123 at the Port of Dundee including its rebranding.
In an ideal world, organisational change management is planned – for example, the introduction of a new HR system, the opening of a new branch or adopting new technologies.
With crude oil prices sitting in the low $30s due to the impact of a global pandemic, the oil and gas industry will have to be creative in how it responds to the impact around the world.
It’s no secret that the situation the world finds itself in is an unprecedented one.
Global integrated materials and logistics management company ASCO has built a strong reputation leading the way for logistics shared service models in the oil and gas sector. With many similarities existing between offshore wind and upstream oil and gas operations, ASCO is now using its capabilities to support supply chain optimisation in the renewables sector. ASCO general manager Southern North Sea (SNS) Alisdair Duncan gave us an insight into how ASCO is drawing upon its 50-plus years’ experience in the oil and gas sector to service clients working in the SNS basin, where there is a growing emphasis on renewable energy.
Aberdeen-headquartered Cortez Subsea champions new and proven technology to offer one of the most cost-effective pipelay methods in the world.
The Covid-19 pandemic is driving us to find new ways of getting things done. In these uncertain times, digital technology is leading the way.
Most people in the oil and gas industry will be aware of the term “functional safety”.
If we are to stick within the Paris targets, the OECD estimates that $70 trillion of investment in decarbonisation will be needed over the coming decade. This begs the trillion dollar question; where’s the cash going to come from?