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OGUK conference

Events

OGUK Conference 2016: Halliburton spent £15,000 a year renting pot plants

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.

Events

OGUK 2016: Industry proves resilience but supply chain under threat

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.

Events

OGUK 2016: The three certainties in life: Death, taxes and decommissioning

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”.