“There is a whole new world coming, and this world of change is coming at an unprecedented rate.” SPEAKING at the recent sponsored William Buck Perth CFO Symposium, this was the key message by leading executive Chris Brown, Director of Corporate Advisory. Chris, one of the stars of last year’s CFO event, once again captured the attention of the packed audience at the Pan Pacific Perth Hotel, continuing on the
AUSTRALIA’S oil and gas sector is uniquely placed to drive major advances in robotics technology, according to the head of a global collaborative focused on advancing robotics in big industry. The SPRINT Robotics Collaborative is an industry-driven initiative that promotes the development, availability and application of robotics techniques in technical inspections, maintenance and operation of capital-intensive infrastructure. The first Australian SPRINT Robotics seminar will be held in Perth at the
By Joshua Thorp, Geoscience manager, Searcher Seismic THE never-ending search for oil and gas supplies is a high-stakes, high-risk endeavour that requires some of the largest capital expenditures of any industry. Despite prior successes, the Australian oil and gas sector faces increasing complexity and pressure on several fronts including operational, environmental and political. As such, any tool or service that can reduce risk, lower cost and/or accelerate results is highly
DNV GL and Nanyang Technological University, Singapore (NTU Singapore) are supporting academic advances in additive manufacturing – the process of 3D printing – for the maritime, oil and gas and other industries, through a four-year research collaboration agreement. Two new doctoral student (PhD) positions are being created through the Industrial Postgraduate Programme, supported by the Singapore Economic Development Board (EDB) and DNV GL. A further full time Research Fellow post is
GLOBAL hydraulics leader Enerpac is introducing to Australasia new Super Lift hydraulic gantry models that provide a higher lift capacity on a narrow 2 ft. track gauge for precise lifting of heavy loads in compact spaces. The new SL100 and SL200 gantries further extend Enerpac’s globally proven Super Lift range and can lift loads from 60-400 tonnes for demanding industries including manufacturing and materials handling, rail, oil and gas, power
How energy, resources and marine companies can reduce costs By Peter Brady and Martin Lonergan* ALTHOUGH conditions seem to be improving in global oil markets, experience over the past years reveals that companies in the energy, resources and marine (ERM) sectors must continue to streamline processes to keep costs in control. Travel remains a key function for these companies to maintain their operations at rigs, fields or mines, which still
CONFIDENCE in the outlook for Asia Pacific’s oil and gas industry has more than doubled in the past two years, according to new research published by DNV GL. The study found that 76% of senior oil and gas professionals in Asia Pacific are optimistic about the industry’s growth in 2019, compared with 58% in 2018 and 30% in 2017. The proportion of industry leaders who are confident in their own
I RECENTLY got hold of a pair of Oliver Footwear’s All-Terrain 45 (AT 45) series boots, and I have to say the hype about these tailor-made boots is well deserved. After a many years of playing rugby league and union I have a number of knee issues and being on my feet for lengthy periods can be right painful. But the Oliver AT 45’s provided me with all-day comfort and
By Nick Cooper and Tim Donisi, Clayton Utz KEY point: A poorly drafted (or non-existent) set-off clause could generate a costly and time consuming dispute about mitigation of loss and redeployment, but contractors can help avoid this pitfall. Like many pieces of equipment in the offshore oil and gas sector, floating, production, storage and offloading (FPSO) vessels are bespoke assets designed and constructed, at great capital expenditure, to comply with
IN the IEA’s Octoer month’s Report, it noted that since the middle of the year oil supply had increased sharply, with gains in the Middle East, Russia and the United States more than compensating for falls in production in Iran, Venezuela and elsewhere. New data show that the pace has accelerated, and this higher output, in combination with Iranian sanctions waivers issued by the US and steady demand growth, implies