Commentary, 1/2 2013Feb 21, 2013
Forty years ago, the first issue of Scandinavian Oil-Gas Magazine was published. The early 70s were an exciting time on the Norwegian Continental Shelf. Ekofisk had begun production in mid 1971, and in the decade that followed the magazine’s introduction, Ekofisk was joined by discoveries that would become synonymous with what has been called the “Norwegian oil adventure” – discoveries such as Statfjord, Oseberg, Gullfaks and Troll. In the year before our first issue was printed a new, state-owned oil company had also arrived on the scene – Statoil.
From the Editor, 1/2 2013Feb 21, 2013
A new year has arrived, and from all indications, it has the potential for being even better than last year (which was certainly an improvement over the year before). Activities across the North Sea are moving at a dizzying pace, making for exciting times.
A New Rig MarketFeb 21, 2013
As analysts at a hotel in Oslo in January 2013 were telling the rig-interested how soaring deepwater rig earnings could weaken, the CEO of Ocean Rig was declaring via his New York PR crew how deepwater day rates might be strengthening. Ocean Rig UDW Ltd. – fresh from the disappointment of cancelled Brazilian rig orders – had just found work offshore Ireland. Analysts worries for future rig earnings centre on employment for 30-odd deepwater newbuilds needing Brazilian work “and other factors” to steady today’s USD 600,000-plus deepwater day rates. Clouding the earnings picture is a changed rig market.
Moving in the Right Direction – Oil and Gas Operations in GreenlandFeb 21, 2013
So far, 20 oil and gas exploration licences have been granted in Baffin Bay, Disko West and South Greenland to foreign oil companies. This article briefly describes some of the main tax issues which oil and gas companies should consider when investing in Greenland.
International Pipe Marking for the Oil and Gas IndustryFeb 21, 2013
Those working on oil rigs put their lives at severe risk. During the course of any day, they may experience offshore blowouts and explosions with fireballs 350 feet high erupting from platforms, structural collapses, sunk rigs, hurricane damage. And if any of these events happen and they make it out unscathed, they could still watch hundreds of coworkers suffer or perish.
Media: Death of the PasswordFeb 21, 2013
You know the drill: You try to log on to a web service you haven’t used for a while, but you can’t remember the password. With our ever-growing digital presence, this is an unavoidable issue, unless you do something extremely unsafe, like writing all your passwords down on a piece of paper. There are some more modern solutions, like encrypted passbook apps, but it’s always a hassle.