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Oil & Gas

Oil & Gas

#OE17 – Prosperity can be Seen in our Region’s Future and not Just its Past

An early start helped to beat the traffic heading to Offshore Europe 2017 at the AECC.  Aberdeen and Grampian Chamber of Commerce hosted a packed out Business Breakfast.  Colette Cohen of the OGTC was an engaging host, her opening remarks emphasised a resilient industry, which has become more efficient, optimising cost savings and identifying technology as key to the next generation.

Mark Hutchinson, CIO at Ernst and Young provided an entertaining whistlestop tour through what he termed the 4th Industrial Revolution.  While the world’s demand for processing power has

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Burness admin

IT Security - a Health and Safety Issue

The global malware attack which petrified the NHS has thrown into sharp relief that IT security is a health and safety issue.

Ransomware such as that used in the attack on the NHS and others works by blocking access to data until or unless a ransom in paid. And as we have seen, even if paid there can be no guarantee that access will be restored.

It can easily be imagined that if an organisation has no access to vital health and safety documentation such as risk assessments, lone worker systems and the like, that can only heighten operational health and safety risk.

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Burness admin

Digging Deeper - Talking Fracking

Lynsey Reid

As we head toward the first full month since the Scottish Government launched ‘Talking “Fracking” – A Consultation on Unconventional Oil and Gas’ what else do we need to know in order to provide valuable input into the “cautious, evidence-led approach” to determining the future of shale gas extraction in Scotland?


‘Unconventional’ oil and gas exploration and production involves exploiting oil and natural gas deposits in impermeable rock, which cannot be extracted using the typical methods used in offshore production, for example.

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Burness admin

How Law Transforms Technology

When I was young, technology always excited me. I vividly remember the excitement of Christmas morning opening gifts of the latest games console or gadget. Technology has moved on so much since the early nineties, but those early days triggered a continued interest in transformative technology.

Ideas that change the way we work and socialise still excite me and that is why I wanted to forge a career in technology law. I relish meeting clients who have identified an idea that could fundamentally change the “way things are done”.

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Burness admin

What Would Be The Effect Of A Brexit On The UK Upstream Oil And Gas Sector?

In the event that the UK votes to leave the European Union, it seems unlikely that this will have a major impact on the upstream oil and gas sector.  This is a sector into which the EU has largely not strayed, and the UK government remains very much at the helm with respect to the exploitation of its offshore oil and gas assets.

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LChalmers

An Innovative Future for Oil and Gas

Ross McKenzie

2015 was certainly a challenging year, during which we all saw widespread cost cutting on capital costs in the oil and gas sector. In 2016 we are inevitably going to see further cuts with, perhaps, a greater focus on operational cost reductions. With the reality of barrel prices levelling out at $50, the role of innovation and technology in the sector is evermore seen as the key for longer term profitability. 

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Burness admin

Iran. A challenge. And an Opportunity.

Jamie Stark

Since the so-called Implementation Day, the 16th January 2016, Iran has been firmly back on the agenda.On that date, most EU sanctions were lifted and, for UK businesses in the oil & gas sector, this paves the way for targeting business opportunities in Iran and opens the door to importing oil into Europe from Iran. Not so for US businesses where only certain “secondary sanctions” have been lifted - that is, sanctions applying to non-US individuals or companies. The US “primary sanctions” continue to prevent US nationals and companies from doing business with Iran.

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Burness admin

Implementation Day Is Here – So What Now?

On 16 January 2016 certain EU and US sanctions against Iran were lifted, paving the way for Western companies to do business there. But with a World Bank report ranking Iran at 118 out of 189 countries in terms of ease of doing business, will the road to business success in Iran be smooth?

EU Sanctions - what is now allowed?

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LChalmers

The JCPOA: The Countdown To Iranian Sanctions Relief

On 14 July 2015, the Joint Comprehensive Plan of Action (“JCPOA”) was agreed between Iran and the US, the UK, France, China, Russia and Germany.  In basic terms the JCPOA is a quid pro quo arrangement under which Iran makes certain promises in relation to its nuclear programme and in return the UN, the US and the EU promise to remove their “nuclear-related” sanctions (including oil and gas embargoes) which are currently in place against Iran.

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LChalmers

Offshore Contracting’s Perfect Storm

Helen Dickson explains how the offshore contracting industry is being hit by a perfect storm of lower margins, higher risk and squeezed staff numbers.

What is the mood in the oil and gas contracting market?

It depends what part of the cycle a particular company is in. Those contractors providing services to producing installations are generally more positive. They can all still see a pipeline of work. Firms in the sub-sea construction and drilling sectors are more downbeat as there is clearly not as much new work coming on stream.

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LChalmers