M&A activity in the North Sea has picked up again after a slow down in the wake of the oil price crash. Private equity has penetrated the market and provided the catalyst for multiple deals to be done.
Aker Solutions' boss of low carbon energy warned yesterday that the sector would be "digging its own grave" if it didn't share knowledge and best practice in the energy transition.
Craig Shanaghey, President, Operations Services, Europe & Africa at Wood, has been announced as the chair of a new task group set up to champion diversity and inclusion in the oil and gas industry.
DNV GL believes the "probabilistic digital twin" (PDT) can close the gap between digital twins – used increasingly by operators to manage the performance of their assets – and risk analysis still largely conducted manually before assets enter service.
Industry leaders discussed the potential need for a “new brand” for decommissioning at Offshore Europe yesterday as it “implies you’re getting rid of rubbish”.
Figures show that a more diverse workforce will increase oil and gas sector profit, especially if more women work offshore, according to industry experts.
The concerns surrounding a low carbon energy transition fit “perfectly” with the agenda Aker Solutions has right now, according to the firm’s UK boss of North Sea and European operations.
Canadian Natural Resources International (CNRI) has announced it has completed a preparation campaign to dismantle a 12,500 tonne oil platform in the North Sea.
There was an air of new beginnings at Offshore Europe yesterday as thousands of industry experts from around the world descended on the new P&J Live venue in Aberdeen.
Trade body Oil and Gas UK (OGUK) has published a list of 10 “principles” aimed at helping a "fragile" supply chain whose margins have been squeezed tight by customers in recent years.