[ In 5/6-2002 ] Dec 12, 2003Commentary, 5/6, 2002Aiming High or Low
At an oil & gas conference recently, one of the conference papers cited a quote from Michelangelo: ‘The greatest danger for most of us is not that our aim is too high and we miss it, but that is it too low and we reach it’. Discussing the need for increased funding for research and innovation, the quote might be a helpful contribution.
Conquering an Unforeseen ProblemDec 12, 2003 The Tune Field Development, close to Oseberg, will soon start test production. But the road to completion posed a major unforeseen problem to Norsk Hydro and its partners at Tune. Now Tune Manager Rune Rønvik at Norsk Hydro is confident the battle is won, and full production will start as scheduled on 1. October 2002. [ In 5/6-2002 ]
Maximizing Gas RevenuesDec 12, 2003 UK has the most liberalized gas market in Europe, a market were Statoil has been active for six years. Since the opening of Vesterled, spot trading has been given increased flexibility. Supply and Trading Manager Jon Ajaxson Larsen is one of the men in charge of maximizing revenues from the sale of Statoil and Petoro gas. [ In 5/6-2002 ]
The Way AheadDec 12, 2003 In recent years there has swept a significant merger and acquisition wave throughout the global oil and gas industry. The reason behind this consolidation process is simple: The companies in time, were burdened by huge problems in meeting owners’ demands and expectations with regard to shareholder returns and growth. By Hans-Erik Jacobsen and Uta Nitz, First Securities. [ In 5/6-2002 ]
Mobile MultimediaDec 12, 2003 Long before bandwidth has reached acceptable levels for most fixed-line users, we are already beginning to talk about taking multimedia content to the cell phones. The hoopla is called Multimedia Messaging Service (MMS), and the idea is to take the already booming business of SMS – text messages – and turn it into a business bonanza of transferring huge files across the wireless phone networks. But the long-touted next step for mobile telephony is dragging its feet. By Erlend Gram Simonsen. [ In 5/6-2002 ]
Commentary, 3/4, 2002Dec 12, 2003 Shredding the Responsibility
The puzzle of piecing together the responsibility of the various players leading up to the Enron collapse is still going on. The Enron trial is expected to start in Houston in early May. Enron shareholders have recently filed an expanded lawsuit against some US top financial institutions claiming they knowingly participated in a scheme to defraud them. The claim is related to deals aimed at hiding the dire straits of Enron’s finances. [ In 3/4-2002 ]
Human Safety ZoneDec 12, 2003 Safety and efficiency are two popular words within the oil & gas industry. National Oilwell is a company giving the words meaning . Their latest innovation is the Safety Brick, designed to give personal safety to the drilling crew. The new invention is not yet introduced to the market, but will be introduced at ONS in August this year [ In 3/4-2002 ]
A Challenging LadyDec 12, 2003 Statoil’s Kristin project is well under way. The field is demanding in several ways, but the challenge is picked up buy another strong Statoil lady, Nina Udnes Tronstad. We are a team of experienced people, and are also able to draw on experience from the co-licenees at Kristin,’ Udnes Tronstad says. [ In 3/4-2002 ]
Northern SuccessDec 12, 2003 While discussions are going high on the development of Snøhvit in the Barents Sea and on extending the exploration in the Norwegian Sea further north, Scandinavian Oil-Gas Magazine visited what is currently the northernmost production of oil and gas on the Norwegian Continental Shelf. [ In 3/4-2002 ]
Waves of InformationDec 12, 2003 With Seabed Logging, the new company ElectroMagnetic GeoServices (EMGS) is about to reduce the guesswork of exploration. With its innovative development of existing technology, the company can go far beyond traditional seismic when it comes to deciding the likelihood of finding hydrocarbons beneath the seabed. [ In 3/4-2002 ]
No Free LunchDec 12, 2003 The days of free online content are over. If you are thinking: ‘I will never pay for anything on the Internet,’ think again. Nobody can afford to bring you premium content for free. So here’s a rundown of the math involved, the basic cost vs. revenue-calculations all content providers must deal with, and – importantly – the psychology of the (soon to be) paying public. By Erlend Gram Simonsen. [ In 3/4-2002 ]
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