Wireline Issue 42 - Summer 2018

News Round-Up | Oil & Gas UK

8. Industry collaborates to reduce complexity in commercial processes LOGIC (Leading Oil & Gas Industry Competitiveness), a subsidiary of Oil & Gas UK, has released updated guidance to help companies reduce the commercial complexities of contracts relating to purchasing goods used offshore. The revised document builds on industry’s established collaborative approach to standardising legal contracts and is a significant step towards improving the efficiency of commercial transactions in the basin.

Graham Elgie, LOGIC’s managing director, adds: “This Standard Contract is one of a suite of ten that LOGIC has developed to help companies work co-operatively towards commercial agreements in a timely and effective manner. LOGIC regularly revises these documents to ensure they promote current good practice and this Standard Contract incorporates changes that reflect the industry’s obligations associated with the MER UK Strategy.”

LOGIC’s templates for contract negotiations are valued by legal and industry professionals, with over 25,000 downloads recorded to date. Access the revised Standard Contract at http://bit.ly/LOGICsc.

9. Annual parliamentary reception to promote industry

More than 100 industry leaders, parliamentarians and senior civil servants gathered at the House of Commons on 21 March for the British Offshore Oil and Gas Industry All Party Parliamentary Group (APPG) annual reception, hosted by APPG chair Peter Aldous MP (bottom right). Rt. Hon Claire Perry MP Minister for Energy and Clean Growth (top left), gave the keynote speech and reiterated the government’s continued support for industry. Oil & Gas UK’s chief executive, Deirdre Michie spoke of the industry’s mood of “determined optimism”, both in the short-term and for the role oil and gas will continue to play in the UK's energy mix for the foreseeable future. Launched in April 1999, the APPG seeks to provide a dedicated parliamentary focus for issues relating to and impacting on the British offshore oil and gas industry and the hundreds of thousands of jobs that depend on the sector.

8

| W I R E L I N E | SUMMER 2018