Issue 15

The notion of a worldwide oil shortage has often been discussed, but at this year’s World Energy Congress it was claimed that there may be enough to last for decades. We ask whether peak oil is just a myth or if there is some truth behind the rumours.

In the latest issue we question whether the UK is ready to handle its future offshore decommissioning tasks, investigate the importance of forward planning as Canada’s booming oil industry prepares itself for any potential complications and look at Kenya’s offshore potential as they catch up with Tanzania and Mozambique’s oil and gas explorations.

Moreover, we report on a new ultra-stable accommodation craft for offshore workers, investigate the widespread problem of mass kidnappings on oil and gas rigs, learn more about the growing battle in Australia over salaries within the oil and gas sectors, and profile the Columbus gas field in the North Sea.

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In this issue

Is It Peak Time?

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By GlobalData

Is peak oil imminent or still several decades away? The World Energy Council and the University of Maryland have two very opposing answers. Heidi Vella finds out why.

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Out of Action

A new report estimates that £31.5 billion is to be spent on offshore decommissioning projects in UK waters between now and 2040. Dr Gareth Evans finds out if the UK can handle the task.

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Kenya Plays Catch Up

Major discoveries in Tanzania and Mozambique have led oil and gas exploration companies to flock to the Kenyan coast, however preliminary exploration work has been mildly disappointing. Chris Lo investigates Kenya’s potential.

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Preparing Canada

Canada’s oil industry is thriving however there are fears concerning the country’s ability to handle a potential oil disaster. Dr Gareth Evans investigates how the industry, environmentalists and politicians are getting prepared.

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The Launch of Luxury

Julian Turner asks SALT Ship Design’s Johannes Eldøy about the challenges of building a next-generation, ultra-stable, offshore accommodation vessel able to keep 800 workers safe in some of the world’s most inhospitable offshore environments.

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Australia Wages War

As the battle over wages in Australia’s offshore oil and gas sector continues, Elly Earls speaks to AMMA’s Scott Barklamb to find out his ideas on improving the industry’s global competitiveness.

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Prepared for Danger
In the last year, incidences of mass kidnappings in Algeria and Nigeria dominated the headlines. Kidnap insurance broker, Jenny Carter-Vaughan, tells Heidi Vella how the problem is more widespread than is reported.

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Columbus Gas Field, United Kingdom

Columbus is a condensate-rich gas field located primarily in Block 23/16f, which covers an area of approximately 20 square miles (51.8km²) in the central North Sea, in a water depth of 85m.

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Next issue preview

A new report by oil magnate Sir Ian Wood claims that a regulatory overhaul of the UK’s offshore industry could maximise the potential of the UK Continental Shelf and create £200bn for the UK economy over the next 20 years. We ask how this could be achieved and what would a new regulator look like?

Also, we look at a new offshore oil and gas insurance package that offers environmental impairment liability, assess the risks associated with deepwater drilling and profile a new technology that could turn optical fibres into sensors to monitor the entire length of an oil well in real time.

Moreover, we ask a roundtable of industry experts what skills companies will be looking for in 2014 and speak to training experts to get a run-through of some of the industry’s most hands-on programmes.

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