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 …

Sustaining Production Operations During Downturns

Brian Mercer, Theon’s Director of Project Management, recently presented to the IChemE’s Annual Technical Seminar in Aberdeen. This seminar addressed the actions companies are currently taking to manage the downturn in the industry, in addition to discussing possible further options to improve efficiency. Whilst that is a valid examination, Brian addressed the question from a more strategic view, which looked at …

Subsea Pipeline Inspection, Repair and Maintenance

Introduction Ever since the first subsea pipelines were installed engineers have been developing methods to inspect, repair and maintain them to ensure that they can safely transport the fluids required. Most of this development has focussed on the areas of saturation diving, remotely operated vehicles and pigging, with the technologies improving incrementally to meet the demands of deeper, hotter and …

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 …