20 Golden Rules of Contract

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 …

12 things to survive the low oil price.

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 …

Award Winning Asset Integrity

We are pleased to announce that the presentation on Sustaining Production Operations During Downturns given by Theon’s Managing Director, Brian Mercer, at the IChemE’s Annual Technical Seminar in September 2015 was awarded the “Best Annual Technical Presentation” by the IChemE at the annual dinner on 16th March 2016.  The award recognises the approach being taken by Theon to implement efficiency …

Low Cost Oil – High Cost Extraction – OPEX Reduction Necessary

Introduction Once again, we find ourselves in a market slump caused by rising costs and, on this occasion, tumbling oil price.  To many, that may seem like just another dip in the cycles experienced across the industry, typical of the surges and dips evident across the years.  However, whilst that may reflect the industry as a whole, that simplistic view …

Key Personnel Appointed at Theon

Theon Limited, independent engineering consultancy in its third year of operation, has expanded with projects in UK and overseas. Managing Director Steve Rowbottom, who along with Zulfiqar Hussain is a co-founder of Theon, said ‘I am happy to announce 3 new additions to our fast growing consultancy, in both our Aberdeen and London offices. Theon has secured field development and …