When there is something as dramatic as a pandemic, it is right to feel concerned about the security of the infrastructure. Although energy sector workers are considered key to our day to day lives, we might worry that supply outages are a possibility with people becoming ill and continued maintenance a challenge. Yet, there has […]
The Organization of Petroleum Exporting Countries (OPEC) is a cartel of 14 major oil-exporting countries. There are 12 oil barons who are said to control the world’s energy supply, with Ali bin Ibrahim- al-Naimi from Saudi Arabia said to have the most powerful voice. By regulating the supply of oil, OPEC attempts to manipulate the […]
The simple answer to the question posed in the title is “yes”. Yes, there is a skills crisis in the oil and gas sector. More than half of those working in the industry believe that the skills shortage is the biggest challenge facing the industry now and into the future. Retirement of older talent The […]
Investopedia lists regulatory uncertainty as one of five significant risk factors for the oil and gas sector. Along with variable prices and political upheaval, the possibility of regulation changes severely impacts confidence in the industry. Predicting trends Companies are having to exhibit courage in their convictions when ploughing ahead with compliance and risk initiatives. Despite […]
Coronavirus (COVID-19) has impacted all areas of our lives. It is no surprise, therefore, that it has and will continue to have a significant impact on the oil and gas sector. The situation we face The BBC (19th March 2020) reported that the North Sea oil and gas sector is in a “paper-thin position”. A […]
The wealth of knowledge and experience held in the highest leadership positions in oil and gas is an asset. There is no doubt that industry leaders in the sector demand the highest reward and bonuses for the talent they bring. Before we talk about succession planning, we must acknowledge the benefits of having this bank […]
The petrochemical sector continues to expand in size and importance. Developing nations’ demands for petrochemical products continue to increase and will likely continue to do so beyond 2025. The most significant demand comes from the Asia-Pacific region, the Middle East and the US. It is in these three regions that there is noted growth. Asia-Pacific […]
With the new year closing in, we are all interested in predicting the direction of travel for the oil and gas sector, and where best to inject our funds. As with all facets of oil and gas production, upstream priorities are fast-moving. Here are some potential areas that could interest investors in 2020. Industry 4.0 […]
Enhanced Oil Recovery (EOR), also known as tertiary production, can be expensive but can also significantly increase the yield of an oil field. Secondary methods of extraction, such as water and gas injection could leave 75% of oil in the ground. Therefore, successful strategies in this tertiary stage of oil recovery could be profitable if […]
It is far too simple to suggest that all the geopolitical tensions within the Middle East are a result of oil and gas. There are tribal and religious tensions that pre-date any discovery of energy fields. However, the millions and millions of barrels of oil that sit beneath the Middle East are a significant influence […]