Could a human tragedy help shine a light on the inadequacies of offshore safety regulation? The disappearance of a worker from a rig in the UK Continental Shelf is, first and foremost, an awful incident for the man and his family, but looking beyond this event itself, questions are being asked of various safety organisations and initiatives, who have struggled to give a satisfactory answer to the burning question: where is this worker?
With some organisations implying that investigating the disappearance falls outside their jurisdiction, and others reporting on other, more recent events, and ignoring the loss of this worker entirely, many of the safeguards in place to protect workers in the sector have come under the microscope, as questions remain as to their effectiveness.
Elsewhere, we consider the impacts of the Russian invasion of Ukraine on the global oil and gas industry, as we approach the one-year anniversary of the invasion, and investigate the record-breaking profits recently posted by oil majors, and ask how and why this has been allowed to happen.
Whether you are on a desktop, tablet or smartphone, you can read the magazine for free online, and join the conversation on Twitter.
In this issue
Safety first: does the offshore sector need a rethink?
The disappearance of a UK offshore worker has raised questions as to how the sector safeguards its workers. Giles Crosse investigates.
Big Oil profits soared to nearly $200bn in 2022
Isabeau Van Halm investigates the combined profits of some of the world’s biggest oil companies – Chevron, ExxonMobil, BP, Shell and TotalEnergies – which amounted to nearly $200bn in 2022.
Biodegradable lubricants taking centre stage
As the oil and gas industry looks to decarbonise its operations, bio lubricants could be an important component of a greener future. Nnamdi Anyadike investigates.
“Add value by maximising efficiency”: Saft on batteries in oil and gas
JP Casey speaks to David Hood of Saft about how oil and gas companies can use batteries to improve efficacy and environmental performance.
One year on: how the Russian war affected its export revenues
Smruthi Nadig investigates how Asian countries have taken over as the largest importers of Russian energy supplies.
“Always more to be done”: could carbon capture change oil and gas?
JP Casey investigates whether capture technologies prove to be a lifeline for the oil and gas industry as it comes under fire for its environmental impacts.
Next issue: fire prevention
One of the most direct threats to worker safety at offshore operations is fire. Remote locations, and machinery reliant almost exclusively on the flows of oil and gas, means that even a spark can be catastrophic for those near the blast. We consider how oil and gas companies can best protect their workers from the dangers of fire.