What opportunities exist for investment in liquified natural gas?

It is essential to start with two critical pieces of information about liquified natural gas (LNG) that will precursor comments to come. First, LNG is cleaner and cheaper than fossil fuels. Therefore, in an era of ever-increasing pressures to resolve the central dilemma of increased energy use and protection of the environment, LNG is an enticing middle ground. Although not renewable, nor is it so damaging to our world. Second, LNG currently supplies about 22% of the world’s energy requirements. By 2040, this is likely to be 25%, and industry experts are suggesting this could surge to 45%. The braveRead more

The Power Generation: how young people are securing the future of oil and gas

It is easy to be pessimistic about the workforce of the future when it comes to oil and gas. There is much talk about the potential of a skills crunch across the energy sector. An EY Oil and Gas Perception Study from 2017 found that almost 40% thought a career in oil and gas to be ‘very unappealing’. A further 23% thought a career in energy to be somewhat unappealing. Gen Z does not seem to see jobs in this section of the industry to be the destination of choice. However, this hides one fundamental truth about Gen Y andRead more

The top oil and gas producers – and what makes them different

Working with a major North Sea oil and gas provider, we see close-up what it takes to make them different. When you work on-site and behind the scenes, exploring how to deploy flow computers, you observe up close how they continue to excel in a highly competitive field. There are evident qualities of the top oil and gas producers that are worthy of some consideration. Here we explore the main players. Shell Shell is a leading player in the North Sea and has been for 50 years. The first answer to the question: what makes them different, is probably longevity.Read more

Why the oil and gas sector needs a stable world economy to survive

Most industrial sectors require a stable world economy to thrive. Certainty provides a foundation from which long-term vision and strategy can be actioned, with limited impact from external threat. As oil and energy is a commodity, the oil and gas sector is particularly vulnerable to fluctuations in the world economy. Introduction of uncertainty can threaten the survival of company projects, and in some cases threaten entire organisations. A symbiotic relationship The stability of the political and economic world is influenced by oil and gas; its impact on conflict across the globe is well-documented. However, oil and gas also rely onRead more

Oil and Gas: a sector where politics drives prices

The decisions of politicians impact many sectors of the economy. The banking sector, for instance, has long since dealt with government regulation and intervention. Therefore, the oil and gas sector cannot say it is victimised or claim to be a unique economic ecosystem. However, the impact of politics on the fluctuations in the price of oil and gas is a factor that can offer opportunity, but it can also offer risk. The importance of political decision making on the oil and gas prices make it a worthy topic for discussion and exploration. Here we explore the overarching issues worth considering.Read more

What are the tailwinds and headwinds for oil and gas in 2019?

As we enter the new year, the best of us are seeking to predict what will drive us forward and what will hold us back in 2019. Here we present a possible vision for this coming year and how the oil and gas sector might respond. Tailwind: Improved technology will drive rationalisation of the workforce The lower workforce costs attributed to the improvement in technology is likely to be a major tailwind in 2019. Of course, the influence of technology – with Big Data and the Internet of Things – has served to rationalise processes over the past few years.Read more

How the global component shortage is affecting ExiFlow

The global shortage of electronic components is impacting every electronics manufacturer across the globe, causing unavoidable production delays for many of their customers. It’s an issue which is set to continue into next year and it may well take until the end of 2019 for component manufacturers to catch up with demand. As one of those customers, we thought we’d take a look further into what the implications of the global component shortage are for ExiFlow. Causes of the electronic component shortage The principal cause of the electronic component shortage is a global surge in the use of technology andRead more

Why collaboration across the oil and gas sector is so important

The oil and gas sector is a sprawling industry. The length and breadth of the supply chain is mind-blowing. With the pressure on prices and the reluctance of the consumer to bear the weight of increased costs, the time has come when collaboration is the only way to ensure effective and efficient delivery. Here we explore the main arguments for greater integration and cooperation across the supply chain and potentially between competing entities. We are bloated and overweight From exploration, to drilling, to production, to logistics – there is company after company in a supply chain that goes on beyondRead more

The Digital Technology Revolution

Another revolution… really? There are probably too many revolutions happening in the oil and gas sector – the information revolution, the environmental revolution… and more. Is it hyperbole to suggest there is a revolution in the use of digital technology? Yet, there are some commentators that go so far as to suggest that digital technology will be the saviour of the sector. Big talk. So, the key question is: what evidence is there to support this view that AI, cloud computing and connectivity, and robotics could rejuvenate a sector under pressure? The problem we face The oil and gas sectorRead more

The current state of shale

The shale industry is impacted by the levels of oil production in other areas. When oil demand is satisfied easily then the prices go down. This is a truth about the oil industry full stop – whether it is shale or traditional oil exploration and production. However, this is not the first question that needs to be asked about shale. The first question that anyone looking on at the shale industry would ask is: why are the prices per barrel so much lower for shale? Global oil reached a robust price of $70 to $80 a barrel recently – butRead more