Archives

  • Local news focuses on Hinkley … but bigger opportunities overseas

    Posted 18/12/2013

    Over the last week our inbox has been filling up with news stories about the big project which is taking place on our doorstep here in Somerset at Hinkley Point.  Set to be the first investment in new nuclear power in the UK for many years, the project offers both opportunity for firms and controversy.  From headlines asking if the project complies with EU aid rules, to questions over whether it is too ambitious to place 57% of work with UK firms, it is certain to be an interesting project. Read More…

    Posted in: Recent Developments

  • Boarding the Red Eye Flight

    Posted 04/12/2013

    Like most international travellers contemplating an overseas trip, last night I tried to get to sleep without success, thinking what do I need, which coat do I take, have I got my passport, have I packed X, Y & Z, and then thinking the dreaded “I must go to sleep, I must go to sleep” – a vicious circle. Read More…

    Posted in: Recent Developments

  • Tengiz MOU signed: opportunities continue to grow in Kazakhstan

    Posted 22/11/2013

    Kazakhstan authorities report that a Memorandum of Understanding has been signed between government and Tengizchevroil LLP, known as TCO, that sets out their joint commitment to expanding production at the field.

    The MOU maps out the responsibilities of each party to enable delivery of the Future Growth Project (FGP) and Wellhead Pressure Management Project (WPMP).

    Tengiz field

    According to Trend, the projects will enable increased production from 26 million to 38 million tons of oil per year.

    Projects on this scale require expertise in a wide range of fields including engineering, construction, information technology. We’re heading out to Kazakhstan next month to talk to local contacts in more depth about their requirements. Let us know if this looks like something you’d like to be part of.

    Posted in: Recent Developments

  • Kazakhstan is EU’s reliable energy partner

    Posted 30/10/2013

    While energy price hikes are giving UK consumers (and MPs) plenty to think about at the moment, hi-tech businesses looking to escape the economic gloom would do well to take the advice of the Head of the EU delegation to Kazakhstan, Aurelia Bouchez.

    At KIOGE 2013, the recent Oil & Gas Exhibition in Almaty, Ms Bouchez noted that:

    “Extraction of oil at the Kashagan field, one of the world’s largest energy projects, is the symbol of achievements and potential of Kazakhstan. Foreign investments mean not only new financial resources but also involve the transfer of innovative ideas and expert knowledge and facilitate establishment of ties with the global economy”

    “There are many opportunities for business and both sides are interested in their development”.

    If your business supplies innovative products or expertise which would be of interest to potential oil and gas clients, or for their related construction projects, please ask us how we can help bring these to the market.

    Posted in: Recent Developments

  • Why would you export to Kazakhstan?

    Posted 14/10/2013

    Here’s one answer.  The KazMunaiGas corporation has recently announced a $23 billion project to expand production at the Tengiz field, to be implemented between 2013-2018.  Projects like this are currently planned and taking place across the country.  Compare this to projects currently taking place in the UK.  Only Hinkley Point C, which will involve an estimated £14 billion investment over a similar period, is in the same league. (Unless you count HS2, which we’re not counting on yet!).

    $23 billion Tengiz expansion project approved

    UK exports to Kazakhstan in 2012 were valued at £375 million, but the country remains a source of untapped potential. According to UK Trade and Investment Minister Lord Green:

    “Kazakhstan is emerging as the dominant economy in central Asia and offers many opportunities for British businesses small and large across a wide variety of sectors”

    Maybe the question should be why wouldn’t you export to Kazakhstan? Perhaps you don’t know what it might involve?  Why not ask us?

    Posted in: Recent Developments