Commentary, 1/2 2015Feb 16, 2015 Confidence Crisis
Compare a graph of oil prices for the second half of last year with a graph of the same period in 2008, and you’ll see a remarkable similarity. Yet, while the tumbling oil price pattern is similar, the underlying causes for falling oil prices couldn’t be more different.
From the Editor, 1/2 2015Feb 16, 2015 Resolved – A Cautious New Year
As the new year begins, the industry is noticeably taking a “wait and see” outlook. But the biggest difference between now and the “credit crunch” of a few short years ago is that it’s possible to characterise this outlook as “cautiously optimistic”. Everyone seems confident that although supply has outpaced demand at the moment – for whatever reason – that growth in demand is inevitable and will return.
Taking the Chill Out of Arctic OperationsFeb 16, 2015 With the oil price reaching a five-year low, rising tensions with Russia, US shale oil, and megaprojects put on ice, some industry leaders argue that the commercial appetite for oil and gas activity in the Arctic in recent years is experiencing a thaw. Taking into account the varied nature of the environment, the sensitivities surrounding infrastructure development, climate change and the unique Arctic ecosystem, further development is, understandably being carefully scrutinised alongside the benefits from further Arctic development.
OSVs Take On a New Role in Offshore OperationsFeb 16, 2015 The evolution of the OSV fleet has produced vessels with a broad range of capabilities.
Investing in Training for a Competent ROV WorkforceFeb 16, 2015 The need for a skilled, competent workforce in the global oil and gas industry has never been greater, and there is a very real concern that if not enough personnel are being trained now, then future needs will not be met.
Dynamic Turnaround Scheduling – A Principled ApproachFeb 16, 2015 Although there are many reasons why schedules fail, a number of steps can be taken by Turnaround and Project Managers to build a successful schedule which in turn can deliver a smooth and punctual turnaround.
