New App Aims to Improve Project Performance
An Aberdeen-based company has created a lessons learned management system that captures critical project data and helps inform the future performance of complex oil and gas developments globally.Prism Energy, which provides project and risk management applications and consultancy, has worked closely with Genesis over the past 12 months to build a bespoke solution that will assist continuous development.Track is a cloud-based system designed to improve performance…
O&G Skills Requirements Shifting
Action is needed now to retain, retrain, recruit and renew the workforce in a rapidly changing UK oil and gas sector.These are the findings presented by energy skills body OPITO, who has set out a strategy to prepare the UK oil and gas industry for a shift in skills requirements over the next six years.OPITO’s Skills Landscape 2019 – 2025 report, part of the UKCS Workforce Dynamics research series, reveals technology advances, internationalization and the…
Revenue Leakage: A Cost of Doing Business or Ripe for Change?
Talk to any business leader in the oil and gas industry and they’ll likely tell you that revenue leakage is an unfortunate cost of doing business. It’s no secret, it’s just something that happens. And most CFOs don’t know that there are solutions that can help them save their companies tons of money, and who doesn’t want that?But this usually requires the implementation of new technologies, not something that the majority of oil and gas professionals often embrace.
O&G Industry Urged to Support Digital Skills
A report into UK oil and gas workforce dynamics launched indicates that more than 40,000 new people will need to be recruited into the industry over the next 20 years, including 10,000 in posts that don’t exist today.The UKCS Workforce Dynamics Review, by global energy skills body OPITO in partnership with Robert Gordon University’s (RGU) Oil and Gas Institute, assesses the changing skills requirements for the industry over the next 20 years. The research…
Saudi Reform Efforts Wax and Wane with Oil Revenues: Kemp
"The GCC governments and peoples should realise that the boom period is over. We must all get used to a certain type of lifestyle that does not rely entirely on the state," Saudi Arabia's ruler warned. "The upcoming period needs the private sector to assume part of the responsibility which has up until now been carried by the state," he told his fellow leaders from the six Gulf Cooperation Council countries. The words could have come from Deputy Crown Prince Mohammed bin Salman…
Hofste, Montijn Nominated to Supervisory Board Fugro
Fugro N.V. announces that the Supervisory Board of Fugro nominates Mrs. P.H.M. Hofsté and Mrs. A.H. Montijn for appointment as members of the Supervisory Board at the Annual General Meeting of Shareholders (AGM) to be held on 30 April 2015. Mrs. P. (Petri) H.M. Hofsté (1961) has held senior financial management positions at different organisations. She was a partner at KPMG before she was appointed group controller and later deputy chief financial officer at ABN AMRO Bank.
Areva Confirms to Change Management Structure
State-owned French nuclear power engineering group Areva confirmed on Tuesday that it would change its governance structure after pressure from its main shareholders, the state and the French Atomic Energy Commission. The move creates a single board of directors, replacing a two tier structure where an executive board is overseen by a supervisory board. "The objective of this reform is to provide better support to the general management team, with a clear sharing of roles and more collaboration between the board of directors and general management…
O&G Safety Conference: Leading from the Front-line
The date and topic for this year’s OPITO Safety and Competence Conference – OSCC 2014 have been announced. Now in its fifth year, the annual event will take place on November 4, 2014 in the Fairmont Hotel, Abu Dhabi. Under the title of “Leading from the Front-line”, the conference will explore the dynamic of effective leadership and change management on human behaviors in relation to safety. Over 400 delegates and 25 exhibitors are expected at OSCC 2014…
LR Launches Offshore Drilling Software, ISIS
Lloyd’s Register (LR) launches its Integrated Software Intensive Systems (ISIS) notation to help prevent a range of safety and efficient issues which impact offshore drilling operators and can result in high non-productive downtime. Dr. Michael Dinh, Lloyd’s Register’s Data System Specialist and one of the authors of ISIS, along with his team based at the Lloyd’s Register Global Technology Centre in Singapore, worked to resolve a number of issues facing rig operators.
