Do you read a business contract before signing or use the fingers crossed approach, or perhaps you are just plain lucky and do not need a contract. In 1869 a frail old man with poor eyesight was fraudulently induced to put his name on the back of a bill of exchange, making himself liable as endorser, on the fraudulent representation …
OPEC’s recurring Trillion Dollar Gamble: Unlearnt Lessons Relearnt in the Oil Crisis
I have been in the energy industry since 1986 and have seen more than my fair share of oil price busts. I have seen the price busts of 1986, 1998, 2008 and 2015. The one common aspect in all these price crashes is that, despite the industry giving great lip service to lessons learnt, we have actually learnt very little. …
Oil Price and Oil Market
As Premier Oil makes a historic find in the Gulf of Mexico, probably one of the 5 largest discoveries of oil in the world, and its shares surge by a 1/3 to over 60p, we have to ask ourselves if this black gold discovery is as valuable as it used to be or will it simply add to the headache …
Survival Guide to the Low Oil Price, The Human Element – 10 Things you must do if you are in the Oil Industry
I did say I would look at how we got into this mess. In this blog I give some personal views and also look at the human element of the crises, a factor sadly ignored by many. Background to a Crisis OPEC has been stern in their commitment to curb oil production with persuasion tactics, carrots and sticks being …
Work Smarter, Not Harder Cutting Fat through Maintenance Optimisation
In an industry like Oil and Gas when margins are tight and profits rest on a fluctuating market, one of the toughest questions to answer is how to keep down costs without compromising safety and integrity. With heavy investment in assets, a proactive approach needs to be used in order to ensure that resources are protected and enhanced. As the …