supply chain

Coronavirus

Being logical about oil and gas contracts amid the coronavirus outbreak

10/03/2020

As cases of the coronavirus (COVID-19) increase around the world, industry continues to experience the effects. In particular, Chinese manufacturers in some areas have stopped operations due to factory shutdowns which in turn is starting to affect supply chains. As lead times catch up with supply constraints we expect this to become problematic in the weeks to come.

North Sea

North Sea industry transition to continue in 2020

23/12/2019

The North Sea oil industry has been in transition for some years following the collapse of oil prices in late 2014.  Large cost reductions have been painfully achieved.  Production has increased due to a combination of new fields coming on stream plus a substantial increase in production efficiency to around 75%.  But new field investment expenditure has fallen dramatically since 2015 and exploration remains at a relatively low level reflecting principally the maturity of the province as well as oil and gas prices far below their pre-2015 levels.

North Sea

UK supply chain: Going the distance?

06/06/2019

May 2019 marked the 50th anniversary of the Offshore Technology Conference (OTC) in Houston. While attendance figures may not be as high as in previous years, the event still provides a useful barometer for sentiment and activity across the oilfield service (OFS) industry.

Oil & Gas

Whittaker well set for glut of work

04/04/2019

A skills shortage in the North Sea industry has been talked about for some time, and it is something the father and son team running Whittaker Engineering can see taking shape in the supply chain.