Apollo

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…?

Promoted

Opinion: Integrating integrity in an aging environment

13/02/2017

As operators and duty holders battle to reduce production costs in a mature basin with aging assets, increased focus must be placed on the cost effective safety and integrity management of these declining production profile assets . A challenge indeed!

Promoted

Opinion: Manufacturing oil not inventing it

21/12/2016

As the North Sea industry grapples with its cost base, has it done enough to ensure its place at the table to attract investment in order to realise the enormous potential left in the basin?

Oil & Gas

Caza Oil & Gas secures extension on financing deal

02/11/2015

Caza Oil & Gas has secured a further extension on its financing arrangement with Apollo Investment Corporation. The company entered into a Note Purchase Agreement two years ago when Apollo agreed to purchase up to $50million of it senior secured notes. In September it was revealed the balance of the Note Purchase Agreement remained at $45million and although expected to comply with certain financial requirements, Caza was found to not be in full compliance.

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