The Royal Collage of General Practitioners (GPs) has stopped an Oil and Gas UK (OGUK) conference from taking place at its London headquarters due to climate change concerns.
First Minister Nicola Sturgeon said yesterday that constructing a deep-water port could be key to Scotland capitalising on decommissioning work.
Halliburton was spending £15,000 a year renting pot plants before the oil price downturn forced the energy service company to rethink its frivolous ways. Bill Hunter, Halliburton’s Aberdeen-based UK cementing manager, said the company has learned its lesson and is now squeezing the pennies. “We are looking at little things. For some reason we were renting plants for £15,000 a year,” Mr Hunter said during a panel discussion on cost efficiency at the Oil and Gas UK annual conference.
Few other sectors could have matched the British energy industry’s reaction to the challenges it has faced over the past 18 months, the chief executive of Oil and Gas UK (OGUK) said yesterday. Deirdre Michie said the oil and gas industry had shown its resilience by reducing costs and increasing production for the first time in 15 years last year. Companies have also shown their willingness to work together on projects such as inventory management and the standardisation of subsea projects, she said.
Benjamin Franklin said only two things were certain in life − death and taxes. But according to Stephen Halliday, group president of Wood Mackenzie, a third can be added – decommissioning. Mr Halliday said the UK can defer decommissioning for as long as possible, but “it is coming” and the North Sea will be the first basin “to the line”.
The UK Energy Secretary’s absence from Aberdeen since taking up office more than a year ago has been “unjustifiable”, an MP said.