Latest Opinions


Three reasons Africa will determine the oil price in the long term

Africa might only be home to just 4 percent of the world's oil supply but, as many of its oil-rich nations begin taking advantage of this natural resource, it's starting to have an impact on the price of crude oil. This uptick will be good news for the continent's high-profile investors and entrepre ...

Scott Johnson


Posted 1 month agoOpinion > Africamiddle classGeopolitics +4

Why is oil security suddenly a top priority in Africa?

Just this week, South Africa announced a new oil and gas policy is in the pipeline. This will be music to the ears of individuals involved in African energy and infrastructure such as Sebastian Wagner , Mzi Khumalo and Olusegun Okubanjo . But questions surely remain as to how the continent can t ...

Scott Johnson


Posted 10 days agoOpinion > Nigeriaenergy securitySub-Saharan Africa +2

Whether We Like It Or Not, Events Do Impact Oil Prices

This last week we've seen a number of significant events in the oil industry. A tanker fire and oil spill off the coast of China, President Trump's decision to ban drilling off the coast of Florida, and oil prices have now risen to their highest level since 2014. In the oil business it's easy to ma ...

Scott Johnson


Posted 1 year agoOpinion > oil priceIranDonald Trump +2

Are Family Firms in the Energy Sector Fueling the Future?

As Reuters has recently reported , oil production and prices worldwide are feeling the pinch. This gave me cause to reflect on whether family-owned businesses in the energy sector can step up to the plate and drive another generation of growth. Some of the world's largest and most successful ener ...

Scott Johnson


Posted 1 year agoOpinion > Koch IndustriesKinder MorganReliance Industries

Changing the way drilling engineering work gets done

Technology's paradigm shift Until a decade ago, primary consumers of technology in the oil and gas industry were buddy-buddy relationships and/or central teams which drove the agenda for where dollars were invested and how innovation happened. Fast forward to today where a typical large enterpr ...

amit mehta


Posted 2 years agoOpinion > MobilizeDrillingEngineering +1

Oil and Gas Companies Are Spending Too Much Time and Money on Their AFE Processes

So how do we go about streamlining the AFE workflow and approval process? Most companies' AFE processes are costing them time and money because they rely on manual processes that can move only as fast as the slowest employee. To illustrate the real costs of this manual process, let's take a loo ...

Marcus Kelly - TouchstoneEnergy


Posted 1 year agoOpinion > Business ProcessexpenditureDevelopment Capital Expenditure +3

Why Oil and Gas companies need to consider an Enterprise Asset Management solution

You may well already be using some form of asset management system, it may work well for you, so why would you need to look at anything else? At TouchstoneEnergy we firmly believe that in order to have the edge over your competition, you need to be looking forwards as well as back. It is all very ...

Marcus Kelly - TouchstoneEnergy


Posted 6 months agoOpinion > Asset Managementasset management systemOilandGas +4

Managing the transition from legacy to modern systems in Oil & Gas

Legacy IT Systems, either software or hardware that were commissioned between the 1980's and early 2000's, are a significant obstacle in any Oil & Gas organisation's drive towards modernisation. Whilst the age of these systems is not necessarily an issue, continued product support is a challenge f ...

Marcus Kelly - TouchstoneEnergy


Posted 5 months agoOpinion > OilandGasE&P SoftwareBusiness Process +8

Drones don’t need regulations

Why should a government agency care if you crash a drone into a bridge, fly into a wind turbine or crash land on a solar panel? If you have passed your Part 107 in the USA, or secured a UK CAA Permission for Commercial Operations (PfCO) and have adequate insurance cover, surely that's enough? Who ...

David Gull


Posted 2 years agoOpinion > Drone regulationJames Harrisonsky-futures +3

A tough year for service companies, but OPEC cuts help the shale exposed

2016 has been a tougher year for most service companies than 2015, and revenues have continued to fall as much as 27% when compared to 2015 on average. Companies exposed to onshore North American activity have seen their revenues diminish even more. While 2015 was the year that service companies ...

Julia Weiss


Posted 2 years agoOpinion > Rystad EnergyOPEC

2016 offshore discovered liquids resources were 90% lower than in 2010

Rystad Energy concludes that the 2016 total offshore discovered liquids resources reached only slightly below 2.3 billion bbl, 90% lower than in 2010. This drop is most significant to the overall decline in discovered volumes; in fact, total global discovered volumes (oil & gas combined) are at an ...

Julia Weiss


Posted 2 years agoOpinion > Rystad Energy

FID or no FID

When is a final investment decision (FID) not a FID? When it's an internal FID. A commentary by Readul Islam, Senior Analyst, Rystad Energy Large upstream projects are more often delivered by a group of partners rather than a single 100% owner. This spreads project risks and can also make it ...

Julia Weiss


Posted 2 years agoOpinion > Rystad EnergyFIDfinal investment decision

Sea Change

Navigating the choppy waters of new oil and gas E&P investments in the North Sea. Recently, there's been a slew of news supporting new acquisition activity in the North Sea  o il and  g as   upstream  sector. The Financial Times reported on a ‘changing of the North Sea Guard' to new enterp ...

Gayle Meikle


Posted 2 months agoOpinion > North Sea EnergyNorth Seaaberdeen oil and gas +4

Getting a handle on your inventory through effective Enterprise Asset Management (EAM)

Inventory management is crucial to the day-to-day management of an oil and gas business. Companies across the oil and gas industry regularly experience inventory discrepancy problems particularly when inventory data is entered manually or isn't controlled centrally. Incorrect inventory management ...

Gayle Meikle


Posted 1 month agoOpinion > Oil and Gassmall and medium enterprisesEAM +5

Oil Prices Set to Fall in January – But Could 2018 See a Major Collapse?

There have been four major modern oil price collapses: 1986, 1998, 2008, and the most recent in 2014. Most market watchers agree that prices will fall in January 2018, but could we be on the cusp of another collapse? To spot the signs we need to go back to June 2014. Between 2000 and 2008 , oil p ...

Scott Johnson


Posted 1 year agoOpinion > Oil Price predictionscollapseUS Shale +7
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