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Oil & Gas & Energy sectors in the news - Implications for the UK

The press is carrying a number of stories covering the oil and gas and energy sectors which makes for interesting reading. A positive article in Supply Management ( http://www.supplymanagement.com/news/2014/oil-and-gas-supply-chain-contributes-ps35-billion-to-uk-economy  ) covers an EY report detailing the benefit to the UK economy of North Sea oil and gas production.  A number of interesting points: 1) Peak production was 1999 for oil and 2000 for gas and by 2012 production was down by a third in both commodities; however, a contribution of £35Bn to the UK economy is not an insignificant amount. 2) This financial amount is clearly of great interest to both UK and Scottish governments with the Independence vote only a few months away, as the economic viability of an independent Scotland has the potential to be a deciding factor in the vote. 3) Only a short mention is given to shale gas.  The exploitation of shale gas, whilst contentious, has much le...
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Just in time changes?

It is reported ( http://www.supplymanagement.com/news/2014/new-eu-procurement-rules-to-come-into-force-by-early-2015  ) that the government is moving to introduce the new EU procurement rules in early 2015. Whilst this is highly commendable it does raise the question of why introduce the new rules just ahead of the forthcoming purdah before the UK General Election?  With purdah starting on the 30th March 2015 surely this prevents any OJEU compliant procurement being completed prior to the start of purdah.  On a positive side it provides the opportunity for realistically six to eight weeks more time to become acquainted with the new rules before use after the election.
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NEC3: Building Stronger Teams

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The NEC3 suite of contracts is seen by many as a step change in delivering collaboration to the construction arena.  Much has been written on the benefits and challenges presented by the practicality of NEC3 contracts. We would like to focus on the benefits that NEC3 brings to building stronger more effective teams, this article will consider both practitioners and those with only an awareness of NEC3. The format and language of NEC3 allows for widespread understanding of the contract. The six options, 17 secondary options and use of Z clauses enables greater understanding and less of a reliance upon extensive legal training.  Both those with an awareness and practitioners can gain a good understanding of the contents of specific NEC3 contracts through reading the contract. The ability to brief colleagues on the nuance of the contract and specific elements has the potential to increase the team ethos between different functions, i.e. contract administrators and the ...
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