A Scottish technology company that develops some of the most high-tech fabrics in the North Sea is challenging visitors to Offshore Europe to help it create 10 new products in 10 days.
WorleyParsons and Wilton Engineering Services, have signed a memorandum of understanding (MOU), that lays the foundation for the two companies to collaborate on brownfield oil and gas engineering, procurement and construction (EPC) projects in the UK.
The prize of the UKCS is too big to throw anything less than the industry’s all at, according to the Oil and Gas Authority’s Gunther Newcombe.
Exploration drilling in UK waters has collapsed and shows no sign of recovery either now or in the near future. This is dangerous because the dramatic slowdown of recent years will lead to a development famine in around five years time, Offshore Europe delegates have been warned. And, far more oil & gas is being extracted from the North Sea than is being found.
The Society of Underwater Technology (SUT) has pledged further educational funding of up to £50,000 over the next year in a bid to sustain a high level of skills across the industry. Around 276 beneficiaries have benefited already from the Educational Support Fund (ESF) with awards totalling £750,000.
The North Sea oil and gas industry was warned not to “waste a crisis” as consultants urged firms to adopt cost cutting measures. Risk management from DNV GL expects that the region’s oul and gas industry won’t be “trending positive” again until 2017, while demand for rigs won’t do so until 2018. Nevertheless, DNV GL’s Liv Hovam, director of divisional Europe and Africa, oil & gas, underlined a number of projects the consultancy firm has been undertaking which can save tens of millions of costs for firms in the North Sea -a basin which has experienced the highest cost inflation in the world in recent years.
The industry's built-in desire to deliver over-engineered solutions has to end if the North Sea is to enjoy a long and profitable future, a leading industry figure has claimed.
The chief executive of the International association of Drilling Contractors (IADC) said the drilling industry must become a "high reliability sector". Steve Colville said drilling in a number of regions was currently "uneconomic" and needed some "substantial readjustments" in its cost base as a result. Speaking at Offshore Europe at the Aberdeen Exhibition and Conference Centre (AECC) Colville said other industries including aviation and nuclear could provide many learnings for the sector.
It’s not just about saving room for the next generation. It’s about the industry starting to listen to them, according to EY chairman Steve Varley. The financial leader said the next generation should be a greater part of the solution rather than kept at arms’ length during the downturn. “We have got a problem and we can frame it in such a way that we entice them to come up with a solution to that problem,” he said.
The North Sea operation of a global independent energy company has just completed a contract and was the first to use what is believed to be the world’s largest oilfield drilling bit.
Valve specialist Master Flo reached a major milestone this month when it manufactured its 100,000th choke valve.
Oil and gas firms in the UK are on track to cut £2billion from their cost bases as the industry grapples with low global commodity prices, new research has revealed.
The industry’s £2billion of savings isn’t without regrets, according to Oil & Gas UK’s Mike Tholen. Speaking at Offshore Europe, the economic director acknowledged that savings were also reflection of mass overspend. “I suspect that we should have some regrets that we didn’t evolve earlier, “ he said.
A drill string camera that can carry out jet blasting during visual inspections could help operators cut rig time in half, according to its inventors.
Oil and gas firms in the UK are on track to cut £2billion from their cost bases as the industry grapples with low global commodity prices, new research has revealed.
A new form of well control training is set to be rolled out by Seadrill after being successfully piloted. The enhanced training was developed by Maersk Training under the guidance of the International Well Control Forum (IWCF). Energy Voice spoke to Dave Conroy, chief technical officer with IWCF about the pilot scheme.
The UK managing director of Aker Solution said the next generation should not be afraid to "jump in with both feet" and get as much experience as possible.
Trying to fathom the UK offshore industry can be tough at times and Offshore Europe 2015 lives up to that reputation. And sometimes it can be the simplest of things.
Oil company buyers spend 85% of their time managing only 15% of their spend according to a new survey carried out by Aberdeen-based Craig Interational.
There has been a leadership change at the helm of Statoil's Aberdeen operations, according to the Norwegian operator.
Early oil and gas explorers missed discovering the mammoth Johan Sverdrup oil find by just 200metres.
Scotland’s largest independent contract catering and support services company Entier has recorded strong growth as it celebrated its seventh year in business at Offshore Europe.
Offshore crane access specialist Reflex Marine, is showing off its fully developed Frog-XT transfer device for the first time at Offshore Europe.
The downturn is opening doors in the supply chain that were previously locked-down, according to AEL managing director Graeme Mackie.
The developer of a new kind of wellhead that was designed following the Deepwater Horizon tragedy said it is safe enough to operate in the Arctic.