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IOS has eye on success with investment and expansion

06/02/2018

Leading storage and inspection firm Independent Oilfield Services (IOS) is heading for a strong performance in 2018 with recent announcements that the company has secured two new contracts worth more than £12.5million and has embarked on a £5.5million investment and expansion programme.

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New manager joins growing AAB restructuring team

01/02/2018

Anderson Anderson & Brown LLP (AAB), one of the UK’s leading firms of Chartered Accountants & Business Advisors, is pleased to announce the appointment of Nicola Rollings as Restructuring Manager in their growing Restructuring & Recovery (R2) division.

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Pipeline industry: successful cases and upcoming projects

23/01/2018

If you want to understand what’s going on in pipeline industry, register for MOGC Congress. It starts with Global Material Market Scenario as seen by Fluor, then continues with ideas on how to detect thefts in oil pipelines. Further some cases are presented and discussed, including The Ramones Project. To access full business program, send a request to https://goo.gl/3TjnhK

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Promoted: New Gender Pay Gap Reporting Solution Launched by AAB

16/01/2018

Anderson Anderson & Brown LLP (AAB), one of the UK’s leading independent firms of Chartered Accountants & Business Advisors, has announced the launch of a new service which will assist businesses in their gender pay gap reporting requirements, whilst also giving them valuable insights into their business and helping achieve compliance requirements.

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Energy business travel spend to increase by 2019, here’s what you need to know, says Wings

09/01/2018

Companies operating in the energy sector will still keep a close eye on business travel costs in 2018 according to Wings Travel Management, even though recovery is underway and oil prices look likely to continue rising. But better use of travel technology will be the key to maximising business travel budgets says the specialist energy sector travel provider. And if the oil price continues to rise, leading to investment in exploration, overall travel spend will increase by 2019, barring any significant geopolitical disruption.

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Opinion: Lateral thinking – change for the good

12/12/2017

We’ve all but seen the back of 2017 and what a difference a year makes! Those of us that were able to diversify have survived the especially tough last couple of years and are now reaping the benefits as we take our services to the wider markets. And dare I say it, we might even be seeing what can only be described as an upturn in oil and gas too.

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Flu – what you need to know

08/12/2017

The NHS is bracing itself for what could be the worst flu season in history, and so should your business. It is one of the biggest causes of short-term illness and absence from work, costing an employer £522 per employee. And while most people recover within a few days to two weeks, for certain parts of the population it can be deadly. On average, 600 people a year die in the UK from complications of flu, but in some years this can rise significantly. Flu also leads to hundreds of thousands of GP visits and tens of thousands of hospital stays a year, adding pressure to already stretched health services.

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PIM: Proof of maintenance is key

05/12/2017

According to Oil and Gas UK’s Health & Safety Report 2017, 73 hydrocarbon releases (HCRs) were reported under RIDDOR in 2016. Although the total number of process HCRs has been showing a sustained decline since it hit a peak in 2004 it is still the second most common type of incident and accounts for more than a quarter of dangerous occurrences reported under RIDDOR. There is no doubt that prevention of hydrocarbon releases remains an industry priority; and according to Plant Integrity Management Ltd (PIM) integrity management and in particular, improved condition knowledge, sometimes referred to as condition statements, should be an integral part of achieving this.

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AAB completes a record number of transactions in October

22/11/2017

Anderson Anderson & Brown LLP (AAB), one of the UK’s leading independent firms of Chartered Accountants & Business Advisers, is delighted to announce the successful completion of seven transactions during October 2017, covering a range of sectors including Oil & Gas, construction, food & drink, retail and support services, taking its total number of successful transactions to over 40 for the 10 months to October. The total deal value for AAB deals for the 10 months to October 2017 is over £400m, up 50% on the prior year.

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Opinion: Who has the best Asset Integrity Management System?

14/11/2017

This article may only address the tip of the AIM iceberg. Where does the investigative journey start for AIMS? Let me provide a brief insight into a very large topic and, if the subject focus is purely on offshore late life assets, you’ll soon understand that AIMS for an operator or duty holder is a major undertaking.

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Opinion: European standards serve as benchmark for quality

13/11/2017

While there have been sweeping changes across the industry in recent months, particularly with increased merger and acquisition activity, one constant has remained: the value placed upon the exacting standards set in the North Sea.