Data to bring ‘unprecedented change’ to oil and gas
The oil and gas sector is assessing the range of new skills that will be required as it looks ahead to the next 20 years.
Paul de Leeuw
Let’s get Brexit resolved ‘pretty darn pronto’, de Leeuw says
The oil and gas sector needs clarity on the UK’s withdrawal from the European Union “pretty darn pronto”, an industry expert said today.
Time to deliver a workable Brexit deal, energy chiefs say
Energy sector chiefs have urged all parties and governments to deliver a workable Brexit agreement as deliberations entered “unchartered territory”.
‘More oil price upside than downside in the near term,’ observers say
Unpredictability is the only certainty in the world of crude prices. But oil industry observers believe crude prices are more likely to rise than fall over the coming months.
$900/barrel and served with a smile
Every day, people in the UK are estimated to drink over 95 million cups of coffee, which is roughly equivalent to over 170,000 barrels a day of the black liquid in the UK alone. For those of us who get our brew from Starbucks, Café Nero or Costa Coffee, we are more than happy to pay upwards of £2 for this black magic. Although a small price to pay for a moment of happiness, the cost of this cup of coffee we enjoy so much is roughly equivalent to $900 per barrel.
Hey Siri – what would a ‘no-deal’ Brexit mean for the UK oil and gas industry?
The discussion around hard Brexit, soft Brexit, divorce bill, transition arrangements, new trade deals and the Chequers Brexit plan is now rapidly turning into a bewildering array of statements, claims and counter claims.
VIDEO: Expert discusses Brexit ‘uncertainty window’ for North Sea
Access to Europe is “absolutely critical” to the North Sea as Brexit approaches, according to an industry expert.
Fracking would be ‘powerful addition’ to Scotland’s portfolio, industry leader says
Onshore oil and gas production would be a “powerful addition” to Scotland’s “portfolio”, an industry veteran said.
Opec could create North Sea ‘cash boost’
An agreement to boost global oil production may provide a cash boost to the North Sea, according to a leading analyst.
‘Opposing forces’ clouding Opec meeting, say Aberdeen analysts
A leading petro-economist has said there are “opposing forces” clouding what may happen when some of the world’s largest oil producing nations meet tomorrow.
Oil and gas “megatrends” to be examined in professional lecture
So-called “megatrends” facing the world over the coming decades will be examined at a professorial lecture in Aberdeen tomorrow.
North Sea needs 10,000 new roles by 2035, says ‘crucial’ review
The North Sea workforce will require 10,000 new roles in emerging areas such as robotics and data management by 2035, according to a new report.
Oil could breach $80 due to Trump’s Iran sanctions, Aberdeen analysts say
A tough line from the US on imposing sanctions on Iran could see the oil price reach $80 a barrel, according to a pair of leading analysts.
Still ‘too early to celebrate’ $70 oil, experts say
A Brent crude price pushing $70 will provide a “feel-good” factor for North Sea oil, but it may still be “too early to celebrate”, industry experts have said.
Oil shut-in ‘no big deal’ unless repair work overshoots, experts say
The Forties pipeline shutdown will cause pain for oil producers, but consumers will still get their oil and gas, industry experts said yesterday.
OGUK warns against complacency after poll heralds end of downturn
Oil and Gas UK (OGUK) has warned North Sea industry against complacency after a new report heralded the end of the downturn.
New North Sea: ‘Put industry on steroids to boost discovery’
The oil and gas industry needs to put itself “on steroids” to make sure it capitalises fully on the fledgling North Sea recovery, a senior figure has said.
Renewed appetite for competition in North Sea auctions ‘great to see’
An industry expert has said renewed enthusiasm for competing in licensing rounds is “great to see” ahead of crucial, upcoming North Sea auctions.
Opinion: Awaiting the jury’s verdict on new kid Baker Hughes GE
Today, Baker Hughes GE (BHGE) will emerge as the new kid on the block on the New York Stock Exchange (NYSE), signalling the formal merger of Baker Hughes and GE Oil and Gas. This new company packs a real punch with around 70,000 employees in over 120 countries and annual revenues of US$23 billion in 2016.
North Sea efficiency target in sight if industry sticks to the plan, experts say
The UK offshore oil and gas sector will reach its 80% production efficiency target for 2018 if it “just sticks to the plan”, industry experts said yesterday.
Election result uncertainty untimely for oil sector, de Leeuw says
An oil industry veteran has said the general election result was likely to create "significant uncertainty" at a time when the North Sea needs stability.
UK companies must prepare staff for new technology – or risk being left behind, academic says
An academic has warned that UK oil and gas companies risk could miss the opportunity to lead innovation in the sector, if they fail to prepare staff for new technology.
Production cuts have worked, but we need an extension, Kemp and de Leeuw say
Oil nation’s efforts to re-balance the market via a deal on production cuts have worked, industry experts said, adding that extending the agreement is the right move.
Major hurdles to overcome before ‘flammable ice’ can replace traditional oil and gas, academic claims
Major obstacles stand in the way of ‘combustible ice’ becoming the new black gold, according to a leading industry academic.
UK Government on right track after Budget, de Leeuw says
An oil industry veteran said it was good news that the UK Government has acknowledged the current decommissioning tax system isn't working for North Sea industry.