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UKCS

Oil & Gas

Reacting fast to a growing skills shortage

Investing in technology and boasting a wealth of highly competent inspectors and technicians, Bilfinger Salamis UK’s inspection department delivers quality services to clients across north-west Europe.

North Sea

Exploro opens base in Aberdeen

A Norwegian geological and geophysical market leader has underlined its commitment to the future exploration of the North Sea by opening an office in Aberdeen to serve its existing and new clients on the UKCS.

OTC

We need to look ahead

As many prepare to head across to Houston for 50 years of OTC, it’s worth noting that, while there will be a Golden Anniversary Gala Dinner to mark that milestone, the opening session of the conference is about the next 50 years for our industry.

Opinion

Opinion: Kemp – Mergers and asset transactions on the rise in oil and gas sector

Over the last year or so there has been increased activity in mergers and asset transactions in the oil and gas sector. This certainly includes the UK Continental Shelf. With respect to asset transactions, in the immediate aftermath of the oil price collapse, there was little activity. Both potential sellers and buyers had to assess the effects of the price fall on the value of assets. Cost reductions and valuation of their effects were a priority. Also, there was great uncertainty regarding future price behaviour which made agreement valuations more difficult.