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Oil & Gas

By James Downie, Partner

Contractors who want to get a slice of the long-anticipated deluge of decommissioning work in the North Sea need to be aware their contracts should cater for unknowns which, if not addressed properly, could see their profits from these jobs suppressed or wiped out. A specialist contractor taking on work as part of a decommissioning project may discover discrepancies, from differences between information on paper – for example in platform design – and the reality offshore, to discovering material such as asbestos or NORM, which they weren’t told would be there.

By Ewan Neilson, Partner

Air travellers are used to captain’s warnings of the potential for turbulence – most are accustomed to considerable ups and downs, with crew and passengers remaining calm and arriving at their destination without the onset of panic.

There are however times when one or two can’t take the rocky ride in their stride and scream, unsettling everyone.

By James Downie, Partner and Ewan Neilson, Partner

As we write today (11 September) Brent crude futures stand at $48.52 and WTI futures at $45.13. Where prices will stand when this edition is published, no-one can guess. What we do know is that low prices and high operating costs have driven operators to seek efficiencies and to drive down operating costs whenever it’s safe and possible.

Chambers UK 2018

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