The truth about cyber security’s impact on the oil and gas industry

Posted by Andy Norman on 31-Aug-2017 10:21:48


A 2016 report by PWC that looked into information security in the oil and gas industry, found that cyber-attacks are still rife, despite a 30% decline in incidences, compared to the previous year. With an average information security budget of $5.4 million, companies are well-equipping themselves for a worst-case scenario.

But is there any truth that company’s data, infrastructure and bottom-line could all be damaged through cyber attacks alone? This blog looks at the truth about cybercrime in the oil and gas industry and what businesses are doing to protect themselves in the future.

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Topics: north sea

Claxton Uncovered: The IMechE engineer looking to save operators money

Posted by Andy Norman on 25-Jul-2017 10:37:18

Claxton Uncovered is a new blog format featuring behind-the-scenes information from staff members throughout the organisation.

With a Chartership from the Institution of Mechanical Engineers (IMechE), one of our Senior Design Engineers, Charles Youell, has had a significant impact on the success of Claxton over the past five years.

Working alongside our Technical Director and mentor Dannie Claxton, Charles has been involved in some of the largest and most complex challenges the company has ever faced. His appetite to solve intricate engineering problems has helped the company, and our clients, find money-saving solutions that work.

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Topics: conductor centralizers

How is the UK oil and gas industry tackling decommissioning cost inefficiencies in the North Sea?

Posted by Andy Norman on 27-Jun-2017 10:01:32

The costs of decommissioning have become a serious issue for operators in the North Sea. In December 2016, Oil & Gas UK predicted that £17.6 billion will be spent on decommissioning between 2016 and 2025.

With oil prices failing to rise back to 2010 levels, it has fallen to the industry and key operators to look for streamlining solutions to protect their revenue streams. Subsequently, regulatory bodies and agencies have kicked into action to try and help the region understand the challenges that the decommissioning sector brings. This includes providing insight and advice into approaches to drive efficiency savings.

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Topics: decommissioning

Best practice guide to running asset life extension projects in Norway

Posted by Andy Norman on 25-May-2017 12:00:00

With 7.4 billion Sm3 o.e. left to produce and sell in Norwegian waters, according to Norsk Petroleum it is no wonder why operators are eager to extend the life of their assets in order to continue producing on their proven assets. The focus towards asset life extension has helped contribute to Norway increasing its oil and gas output for the third year straight in-a-row.

The Norwegian government has praised asset life extension as "one" of the reasons for prosperity in the region. A government official said, "The high level is in part due to good regularity on the fields, and the fact that various efficiency measures have led to substantial reductions in operating and exploration costs."

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Topics: offshore asset life extension

Global Economic Outlook 2017 – where does your country sit?

Posted by Andy Norman on 25-Apr-2017 10:00:00

Deloitte’s John England hit the nail on the head in his latest report, 2017 outlook on oil and gas, when he described his views on the global economy in 2016, 2017 and beyond. “While I called 2016 the ‘year of tough decisions,’ I’d characterise 2017 as ’the slow road back.’”

2017 is however already seeing some positive economical improvements. The oil and gas industry is showing some progress with OPEC’s decision to cut production, for example, accelerating the drawdown of global oil inventories. This will help over time create a sustainable, efficient and profitable industry once more.

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Topics: decommissioning

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