Page 8: of Offshore Engineer Magazine (Feb/Mar 2015)

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PUBLISHING & MARKETING

OE Opinion

Chairman

Shaun Wymes [email protected]

President/Publisher

Undercurrents

Brion Palmer [email protected]

Associate Publisher

Neil Levett

Is there a silver lining? [email protected] t’s clear the offshore oil and gas indus- contractors. Now they are and vessel

EDITORIAL

Managing Editor I try is feeling the pinch, globally. Oil rates are falling to levels that are more

Audrey Leon prices at US$50/bbl and less have put affordable. [email protected] many new projects in doubt, seen any And it’s not just the marine renewables

European Editor near-term prospects for exploration in industry that might bene? t. Some say

Elaine Maslin the Arctic put in doubt and have made yards, which have been long-awaiting [email protected]

Web Editor even existing assets no longer pro? table, the North Sea decommissioning bonanza,

Melissa Sustaita according to ? gures from Oil & Gas UK could now get an (very) early Christmas [email protected] (see page 12). present as operators potentially move to

Contributing Editors

For the North Sea and Aberdeen the decommission assets earlier than they

Meg Chesshyre, Kelli Lauletta, Jerry Lee,

Alan Thorpe, Patrick Werr concerns have been enough to trigger had planned.

Editorial Intern a North Sea oil summit, where city, The oil industry itself could also

Greg App industry and government leaders will ultimately bene? t, according to the

ART AND PRODUCTION discuss how to best deal with a tide of Norwegians. The Norwegian Petroleum

Bonnie James lay-offs. The UK’s Energy Minister also Directorate (NPD) says, while there may

Marlin Bowman called for an urgent North Sea review, be a short-term drop in activity, action

CONFERENCES & EVENTS ahead of plans to announce new tax relief now could strengthen Norway’s consis-

Events Coordinator

Jennifer Granda measures – called for even before the oil tently high-cost petroleum industry over [email protected] price slide. the long-term.

Exhibition/Sponsorship Sales

Yet, there are unexpected bene? cia- “A cost reduction now could lay the

Gisset Capriles ries of the downturn in the oil industry, foundation for ensuring robust pro? tabil- [email protected] particularly in the UK. While the marine ity over time,” says NPD Director General

PRINT renewables industry there has been suf- Bente Nyland.

Quad Graphics, West Allis, Wisconsin, USA fering in recent months (wave ? rm devel- It’s a view we’ve heard repeated by

EDITORIAL ADVISORS oper Pelamis went into administration in some in the UK sector.

John Chianis,

Houston O