When I was a child, we had a house full of pets. Loads of them. Dogs, cats, horses, rabbits, guinea pigs, mice, fish, birds, I even had to look after a goat. Pretty much half the house seemed to be under the weight of animals, and I wanted to be a zoo keeper. It just seemed the natural way to live.Details
Sarah Gillet, the British Ambassador to Norway, recently spoke at an event in Aberdeen about opportunities in the Norwegian Sea. She gave an insight into the current environment, noting:
- Production costs are down,
- Oil price is more stable,
- Global energy demand is increasing,
- Plentiful reserves left on the Norwegian shelf,
- 80 fields are currently producing – (most in North Sea, 16 in Norwegian Sea, and 2 in Barents Sea),
- 7 new field developments are underway (worth approximately 23 billion pounds),
- There are 5 new plans for Operation and Development.
While the above is always good to hear, what I found most interesting about Sarah’s talk, was her reference to the Darwinian Theory; stating “it’s not the strongest that survive, but those most susceptible to change”.Details
I recently attended an Oil & Gas UK Business Outlook Breakfast Briefing, where the phrase of the day was ‘cautiously optimistic’.
We’ve seen in the news that North Sea operators are reviving, the biggest story being the recent Hurricane Energy discovery near Shetland. The briefing figures showed that unit costs are down and profits/projects are on the rise. People seem to be getting better at doing more with less.
Indeed, the atmosphere at the breakfast was far more convivial than the last I attended back in December 2015.
All very positive, however, we still have a long way to go. So, how do we go forward from here?Details
So ‘Brexit’ happened. The UK has spoken and voted to leave the EU. With 17.4m votes, 51.9% were in favour of leaving compared to 48.1% who wanted to remain. Regardless of how you voted (or not), it’s a huge decision and one that is dominating the news, social feeds and conversation on the street. Once…Details
The EU referendum has been trending for a while now. Look on any Facebook feed and it will be inundated with so much propaganda and scaremongering from either side that has become a topic of dread for most people. According to the Brexit Survival Guide, we must face the possibility of freezing our cheese…Details
Last month, our managing director, Dr Peter Black, and Sales and Marketing Manager, Kirsty Armitage, made their usual trip to Houston, Texas, to attend the Petroleum Network Education Conference (PNEC). In my last blog post I discussed why attending events in person is as important as ever, but it’s equally important to choose…Details
Automation is a tricky topic to cover. While we can provide evidence of the benefits, like the fact that our system allowed one of our clients to reduce a week’s work to two hours, there isn’t really an easy way to demonstrate how it works. Since our automation process is designed to make dramatic reductions…Details
In my last blog post I mentioned performance improvement. It’s a buzzword that frequently appears when researching software systems for the oil and gas industry, but what exactly does it mean? To me, Performance Improvement is a blanket term for a range of important issues, ranging from operational efficiency, to automation, and data integration. However, the…Details
It’s a known fact that humans don’t like change. Why? According to several studies, there are a number of reasons for this, with loss of control and excess uncertainty being the most common reasons. If change feels like walking into an abyss, then people will reject it. People will often choose to remain deep rooted in…Details
I recently attended a conference, hosted by KPMG in London, concerning the current state of play with low oil price and its effects on the world’s oil and gas investment markets. It was an interesting meeting with about 150 people in the audience, and a panel of four speakers. In the following post I summarise the presentations, how its not all doom and gloom and some tips for surviving the current situation.Details