Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

There is still a future for North Sea oil and gas

18/07/2014 by

W1siziisijiwmtqvmtavmjgvmtuvmzmvmtevmzcwl2zpbguixsxbinailcj0ahvtyiisijywmhg0mdbcdtawm2uixv0


In the countdown to D-day for Scottish independence, there is a rift in opinion over the future of the North Sea's oil and gas industry. Even after a recent decision to downgrade its forecasts, the Scottish National Party (SNP) believes the maturing oil and gas fields could generate tax revenues of £34.3bn between now and 2018-19. The Office of Budget Responsibility (OBR) has put the figure at less than half that: just £15.8bn.

Despite concern about depleting reserves, innovation in the energy sector is particularly strong. Businesses working in the North Sea recognise that what they learn here about deep-water extraction will stand them in good stead when working or servicing fields in other parts of the world, particularly if they can secure patent protection for deep-water innovations.

One challenge the industry faces is tapping new wells. At depths of almost 2km, the technical challenges associated with installing equipment are immense. There is now a move towards new modular units that are dropped into place and then managed by remotely-operated underwater vehicles. New cages to protect the technology and mechanisms

This article has been extracted from http://www.theguardian.com, please click on this link to read the article in full http://www.theguardian.com/big-energy-debate/scottish-referendum-north-sea-oil-gas

Montash is a multi-award winning, global IT recruitment firm. Specialising in permanent and contract positions across mid-senior appointments which cover a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Scientific Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtcvmdevmjavmtavntyvmtkvnzgzl0nsts5qcgcixsxbinailcj0ahvtyiisijm4mhgxmdajil1d

Salesforce moves into Seattle with new engine...

2017-01-20 10:00:00 +0000

Salesforce, a world leader in customer relationship management (CRM) solutions, has revealed that it is to open an innovation and engineering hub in Seattle. In order to increase the firm’s presence in the city, Salesforce Co-Founder Parker Harris said that the office located in Bellevue’s Nine Two Nine Office Tower will focus on its artificial intelligence (AI) initiatives. One reason for the move is so that the firm can access a new pool of talent. Ta...

W1siziisijiwmtcvmdevmtgvmdkvmtqvmzmvmzk5l0vsuc5qcgcixsxbinailcj0ahvtyiisijm4mhgxmdajil1d

Sage bolsters X3 business ERP solution

2017-01-18 09:00:00 +0000

Sage, one of the global leaders in enterprise resource planning (ERP) solutions, has revealed that it has signed up a trio of new clients to its X3 business solution. With the Salesforce.com partner wanting to be able to show its ability to host larger clients, the firm revealed that BrightBridge, Atlas Cloud and CLOUT are all now utilising the new and emerging X3 ERP platform. Sage Vice President of UK Enterprise David Watts talked about the latest agr...