Aberdeen dealmakers are expecting an upturn in mergers and acquisitions amongst North Sea companies as they emerge from “survival mode” and look for new opportunities.
Opportunity is being created for contractors in the North Sea and could be the "ideal time" to invest in new developments, according to a leading lawyer with expertise in exploration and production and oil and gas service firms.
The number of intellectual property disputes involving oil and gas companies in Aberdeen has shot up, a partner at law firm Burness Paull said today.
Norway’s biggest oil show, ONS, describes itself as an exhibition, conference and festival.
Scottish law firm Burness Paull saw its profits decline as the “shock” of the Brexit vote affected business.
The Brexit result was just a short time ago and already much has been written about its potential impact on the UK’s renewables industry. Common themes that have emerged are loss of investor confidence, concerns over energy security and delays in much needed investment into the UK’s energy infrastructure. At best, the commentary can be described as well informed speculation. The truth is that nobody can predict the impact with any degree of certainty.
Following the historic vote to leave the EU, there are now a wide range of possible outcomes for the UK’s energy sector in respect of its regulatory and market options, and its relationship with the EU.
As expected, the OPEC meeting concluded in Vienna on 2 June without agreement on a production ceiling.
Energy Voice has recently published its latest research report “Sub $50 Oil – New Perspectives & Hidden Opportunities”. The aim of the research, as the title suggests, is to identify untapped opportunities in the oil and gas industry in the current low oil price environment, as well as uncovering the main risk factors in play.
Large scale mergers are on the up.
Hundreds of representatives of North Sea companies braved the downturn to attend the Offshore Technology Conference 2016 in Houston.
The UK’s offshore pipelines and terminals were constructed to export production from the owners’ own oil & gas fields. Although tariff income was generated as third party owned fields were tied-back, that income was small relative to the revenue from the infrastructure owners’ own production. The field owners retained ownership of the infrastructure so that they could control the export route for their existing fields and for discoveries and prospects they may wish to develop in the future.
Since the so-called Implementation Day, the 16th January 2016, Iran has been firmly back on the agenda.
The Offshore Contractors Association and the oil and gas industry breathed a sigh of relief on Friday, when the long awaited outcome of the trade union ballot on the latest and what was reported to be final offer on terms and conditions of employment for offshore workers, was finally approved.
Scottish Cycling is delighted to announce a new sponsorship with leading Scottish commercial law firm Burness Paull. The firm has been named Official Legal Advisor to Scotland’s National Governing Body for cycling and title sponsor of the Scottish team competing in the UK’s premier Track series. Seven riders from Scottish Cycling’s Performance Development programme and four of Scottish Cycling’s Future Stars will be riding alongside stars such as Laura Trott, Geraint Thomas and Katie Archibald in Round 4 of the leading track cycling series under the new team title of Scotland Burness Paull.