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Finance

Reviewing your lending options – an essential New Year’s resolution

As we come to the end of a torrid year, business leaders in the north-east’s oil and gas industry breathed a collective sigh of relief on news that coronavirus vaccines look imminent. Oil prices rose around 8% globally following news that three Covid-19 vaccines both showed high efficacy and will be available next year.

Opinion

2020, where to begin?

I wouldn’t expect many to challenge the view that the energy sector encountered a “perfect storm” in 2020 with the Covid-19 pandemic causing global upheaval, financial markets’ nervousness and geo-political challenges.

Opinion

Ten steps to a greener future?

Boris Johnson's Ten Point Plan for a Green Industrial Revolution sets out how the UK looks to "build back better" from the impact of coronavirus by creating green jobs and accelerating the transition to net zero emissions by 2050.

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Assured decommissioning for a green recovery

Reused and repurposed products and materials are concepts associated with a circular economy, and a circular economy is associated with the green recovery of our nation following the challenging events of this year. If we, as a nation and as an industry, are to meet our carbon emission reduction targets in the coming years, then we must act now.

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DYNAMIX One: Cost-effective solutions for decommissioning

As more fields wrap up production platforms, many of which have been operational far beyond their expected lifespans, the team at DYNAMIX One is finding that the decommissioning industry is in desperate need of cost-effective solutions to return the surrounding area to its natural state.

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An industry with integrity

Times are tough.  We are now more than eight months into the Covid-19 pandemic and most people I speak to have had enough.  It is hugely sad that people have lost their lives and it’s terrible on a personal level that birthdays, weddings, deaths and funerals have been missed and lost forever.

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ASCO: Timing a key factor in decom delivery

As I reach my first anniversary in the role of Head of Waste and Decommissioning with ASCO, it seems like a good time to take stock of our decommissioning capabilities, reflecting on what has been and what is to come. There’s quite a bit to reflect on, as ASCO has been active in decommissioning for over 10 years, having been involved in over 50 separate projects – but have we really promoted that fact enough? Possibly not yet…

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SPE embraces change

The events of 2020 require no explanation. They have changed life for the last seven months and continue to do so.

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Time to adjust and embrace new thinking

It’s fair to say 2020 has been an unprecedented year. Imagine how unlikely it would have seemed this time last year if someone had said wearing masks in a shop would now be essential, handshakes a distant memory and that we would need to brave the October chill outside the Chester Hotel and Dutch Mill to enjoy a drink?

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Critical time for the transition as hydrogen investment gathers pace

Hydrogen will play a key role in our transition to clean energy over the coming decades as it takes a priority position in the oil and gas industry’s decarbonisation efforts. In 2020, we have seen slower industry activity and a reduced oil price, but net-zero carbon targets and broad societal support for them remain.

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Targeting floating offshore wind growth

The recent announcement by the Prime Minister Boris Johnson on his plans to drive renewable growth and make the country a world leader in offshore wind may be a turning point for the UK in seizing the opportunity to lead a low-carbon transition.

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Overcoming challenges of decommissioning

Hoover Ferguson stepped up decommissioning activity this year, securing a contract with leading Celtic-basin operator, PSE Kinsale Energy (KEL), for the supply of temporary accommodation units on the Kinsale Bravo platform.  The Bravo platform originally operated as a manned facility, but was converted to an NUI in 2001 and the redundant platform accommodation was not suitable for remanning.

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Continuing development of decommissioning at Lerwick

A series of significant milestones - shaping the next generation of deep-water infrastructure developments at Lerwick Harbour - are expanding capability and competitiveness for the offshore decommissioning and renewables industries.

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Building resilience: Creating global decom efficiencies

The universal "pause" brought on by Covid-19 has been overridden by the realisation that this pandemic and its repercussions are challenges we have to deal with and adapt to if we are to survive and thrive.

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International SOS: Building resilient workforces

The Covid-19 pandemic has been one of the most impactful influences on the global workplace in recent years. Not since the advent of PCs and the introduction of the internet and email have organisations from every sector felt such a dramatic change in the way they work.

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Challenged by Covid-19 testing fees or access to private healthcare?

The Covid-19 pandemic is challenging individuals on many levels. The virus and its consequences are taking their toll on mental and physical wellbeing, as well as causing anxieties about the health of loved ones, job security, and the future of businesses. Additionally, individuals often face uncertainty regarding where to turn for Covid-19 testing, and how to access healthcare services during the pandemic. At ROC we are here to make accessing both routine medical care and Covid-19 testing as straightforward and comfortable as possible.