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 …

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 …

HIPPS – Black Magic or Science?

Recovering reserves at an acceptable capex investment for flowline and riser installation presents significant challenges for deepwater projects. High-integrity pressure protection systems (HIPPS) offer the potential to improve recoverability. These systems provide pressure breaks between subsea systems that are rated to full shut-in pressure and the flowline and riser, rated to a lower pressure. The use of HIPPS is poorly …

Shale gas – Fact or Fiction?

A report commissioned by the British Geological Survey suggests Scotland has modest reserves of shale gas and oil whereas North England has extensive reserves of shale gas. Before shale gas recovery has even begun in earnest in the UK, the processes involved have become the focus of concerns, sparking dire predictions from some quarters of earthquakes, poisoned aquifers and drinking …