Iran is re-entering an oil & gas market with razor-thin profit margins. Against this backdrop, it is crucial in the medium and long term that that the Iranian oil industry catches up in terms of oil asset management. To achieve this, partnerships between Iranian oil & gas companies and international operators – such as engineering firms and technology providers – will allow Iranian industry to bypass years of trial and error in digital asset management to accelerate efficienc

It was great to see IAMTech Global Partner Network member - HHSL Safety Systems Limited - representing some of our products recently at the Trinidad & Tobago Energy Conference & Tradeshow - a 3 day event being held from 18th January to the 20th January 2016 at the Hyatt Regency Trinidad Hotel in Port-of-Spain, Trinidad And Tobago. This event showcased products like deepwater technology and new hydrocarbon,discoveries ,emerging markets, supply curtailments, the risk-reward bal

The world of energy is seeing major change as you all know. It is a complex landscape - with trends that can be difficult to understand. So, let me offer a few thoughts to start the conversation. Change brings challenge - and opportunities Some are economic, some are technological and others are environmental. But, they are connected, often with long term consequences. The energy industry has an obvious, but not simple, long term task and challenge. And that is to supply the

As you embark on the mobility journey, the following must be considered: 1. Choosing devices/platforms that allow for broad role & environmental adoption, including in hazardous areas. A crucial challenge in oil & gas for deploying mobility solutions is the ‘hardening’ of the device itself. While there is an increasingly massive range of smart phones, i-Devices and PC tablets, very few stand the safety rigor, high bandwidth requirements, and the rugged design needed in this i

Please read to the end to understand how an armed conflict over a gas pipeline has triggered mass migration and considering the geopolitical consequences, we forecast where oil prices will go from here! The Heir to the Throne In 1994, an unassuming eye doctor in London got a call to tell him that his brother had died unexpectedly in a car crash and that he had to move back in with his parents. Why? His father was Hafez al-Assad, the internationally reviled dictator of Syria,

A move to the Tees Valley’s newest business and innovation centre is helping an software engineering company tap into fresh business opportunities. Stockton North MP Alex Cunningham officially opened Industrial Asset Management Technology Ltd’s (IAMTech) new base at Fusion Hive, a purpose-built flexible workspace for growing technology and creative businesses on Stockton’s Northshore. Originally founded in 1973 as industrial plant model makers, IAMTech evolved into bespoke so

Oil giant Royal Dutch Shell has slumped to a loss of $6.1bn (£4bn) for the third quarter after taking a $8.2bn (£5.4bn) hit from ditching long term projects and the impact of lower oil and gas prices. Shell said it had taken a $2.6bn (£1.7bn) hit on the recent decision to abandon drilling off Alaska as well as $2bn (£1.3bn) for another cancelled operation, in Canada. Meanwhile, the company took a $3.7bn (£2.4bn) charge on the impact of a downward revision to the long-term out

BP has taken a fresh hit from the slump in oil and gas prices as third-quarter profits fell by half and it set out plans for a further $1bn cut to 2015 spending. The company, a staple of many UK pension funds, said replacement cost profits dipped to $1.23bn (£804m) from $2.38bn (£1.55bn) in the same period last year. BP has been hit by the slide in the price of a barrel of Brent crude which has tumbled by more than half from over $100 last summer to less than $50. Chief execu

With prices at $50, the same 5% cut in production costs can make a huge difference to your assets profit margins. This is why we are seeing a dramatic series of lay-offs in the industry. This is why there has been a year-on-year >50% reduction in the North American active rig count. And this is why asset owners are seeking to capitalize on advances in digitized asset management. For more than 15 years, we have been employing the best software development talent in the world,

The office was descended upon today (05th October 2015) by Sky News - looking for a North East business owner to comment on Chancellor George Osbournes pro "Northern Power House" speech presented earlier at the Conservative Party Conference in Manchester. In all seriousness - the north east seems the poor relation in the 'northern power house' - now SSI have announced liquidation, please can the government step in and help find a buyer for Teessides steel assets! #oilandgas #