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Petroleum Review February 2015

Falling oil prices are forcing the industry to focus on improving all aspects of the bottom line. 

In this issue we look at how to transform supply chain requirements, up and downstream and from end-to-end, learning from lean-thinking examples in other industry sectors. New technology solutions, like additive manufacturing, could also be key to reshaping the supply chain. 

Encouraging new investment is vital, not only in mature environments like the UKCS in line with the Wood Report – Sir Ian shares his latest thoughts on maximising UKCS production in a volatile economic environment (see p3) – but also addressing the need for companies to reinvent themselves to remain competitive. Suggestion is also made for oil and gas companies to capitalise on the challenging times ahead to boost internal capex performance. While leading bankers remain optimistic about the investment potential of the UKCS, new investors from the private equity market are also stepping into the breach for projects here and abroad.

 Of course, it’s not all plain sailing as Russia’s ambitious South Stream pipeline faces cancellation – although others may take up some of the slack. 

Indeed, these are challenging times, but our industry is no stranger to price shocks. As EI Chief Executive Louise Kingham notes on p2: ‘As we mark 100 years of professionalism… in the next 100 years the ‘to do’ list will get even longer.’
 

Issue details


PR Feb 15.pdf

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Journal title: Petroleum Review

Publisher: Energy Institute

Content in this issue:

    The future looks bright - Article

    Keep your head - Article

    Harnessing 3D printing potential - Article

    Pipeline project thrown into turmoil - Article

    Maintaining the flow - Article

    Deep sea lines face challenges - Article

    Private equity steps into the breach - Article

    The New Industrial Revolution - Article

    Time for action - Article

    Building smarter energy supply chains - Article

Subjects: Banking, finance and investment, Networks and Communications, Pipeline, Transportation, Transmission and Distribution, Oil and gas

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