As the Offshore Technology Conference OTC kicks off in Houston, Texas today companies in the UK oil and gas industry are turning to new technology as a way to breath fresh life into the sector during challenging conditions.
With so much to take in at this year’s Offshore Technology Conference (OTC), one can forget that Houston is an exciting city with many things happening beyond the walls of the NRG Arena. While attending OTC you definitely want to connect with industry leaders, but don’t forget to explore what the Houston market can offer your company. The Greenspoint District is ready to help you explore your options.
Scottish oil bosses are anticipating another successful time at the world's top energy show in the US city of Houston. They are attending the annual Offshore Technology Conference (OTC), which starts on Monday. Aberdeen-based energy industry travel expert Munro's Travel and the Press and Journal have organised their regular visit to OTC for 300 delegates through a tie-up dating back to 1973. This large Scottish group began arriving on Wednesday and the last of them will fly in tomorrow.
Industry experts have been urged to step forward and voice their concerns over the challenges currently facing the sector as a result of the falling oil price. Subsea UK has made its last call for papers for its annual ROV conference. The event, which is now in its third year, will be held at the Aberdeen Exhibition and Conference Centre during the final day of the Offshore Europe conference on Friday, September 11 and will debate key industry issues across the globe. Topics under the spotlight include deepwater construction, operational efficiencies, ROV development, and technological advancements.
Cheap hotel prices in Glasgow in early May highlight one of the reasons why the organisers of the UK’s largest green-energy show were so keen to move it from Aberdeen this year. But it could be back in Europe’s energy capital within a few years, thanks to current hotel projects and a major new venue in the city, north-east MSP Lewis Macdonald told the Press & Journal. A check yesterday on a well-known booking website showed rooms in three-star hotels in Glasgow on Tuesday May 5, the eve of All-Energy 2015, and Wednesday, May 6 are available from £45 a night. For those people still needing a room after the event ends on Thursday, May 7, three-star budget accommodation is available for only £35.
North Sea firms that are ensuring that new talent remain are attracted to the workforce will be celebrated at an awards ceremony tonight. Three companies have been shortlisted at the Offshore Achievement Awards for their work with graduates as the North Sea faces thousands of job losses due to high costs and low oil prices - but which still needs to ensure new entrants see it as a long-term career prospect.
Aberdeen businesswoman Jeanette Forbes is to be one of the featured speakers at the Gulf Intelligence Women in Energy Summit, which takes place today in Doha, Qatar. Ms Forbes, chief executive of PCL Group, was invited to take part in the summit to address delegates on “Technology: Clearing the path for women to work in technical field?”
An annual business event connecting the UK and US energy industries will mark its third birthday a week-long initiative. The Aberdeen-Houston Gateway will focus on energy, health, education and professional services.
Paradigm Flow Services demonstrated their latest technology to delegates at Subsea Expo in Aberdeen.
As the cherry pickers come in to remove the ROVs and the weary exhibitors dismantle their stands and pack up their sales brochures, I am sitting down to write my final editorial for Energy Voice. Subsea Expo is over for another year but it’s an event we will not forget. With the oil and gas industry facing one of the toughest times in our history, Europe’s largest annual event focused on subsea broke all records. Over 6,500 delegates attended the show and with 8,500 visits, indicating many of them came back for a second time over the three days.
Cadherent has championed the use of 3D animation in a bid to cut costs as the subsea industry tightens its belt. The Aberdeen-based company said by harnessing the ability to simulate, build and install subsea operations, the function of 3D animation has become a realistic option for the reduction of unnecessary operational expenditure. Lee Muir, business development manager for Cadherent, said animation was previously considered as a "nice-to-have" commodity for many organisations but in the current market has become more valuable.
Ian McCabe, technology project team leader with ITF, spoke to Energy Voice following his presentation at Subsea Expo 2015. Now in its final day, the exhibition has been attended by thousands of delegates from around the globe.
On the penultimate day of Subsea Expo 2015, Energy Voice sat down with three industry experts to discuss the exhibition and how innovation can lead the way in developing new technology. Gordon Drummond, chief executive of the newly re-launched NSRI (National Subsea Research Initiative), Ian Phillips, chief executive of OGIC (Oil and Gas Innovation Centre) and Ian Reid, chief executive of CENSIS formed the panel.
Marine equipment company Sonardyne International UK yesterday tied up a deal to supply Seatronics with £1million-worth of its 6G acoustic positioning technology. The order was placed at the Aberdeen Exhibition and Conference Centre on day two of Europe’s biggest offshore energy industry event, Subsea Expo 2015, which finishes today. It is not the first contract Sonardyne has managed to secure at this year’s installment of the expo.
An Aberdeenshire-based engineering firm has produced a new range of mechanical lifting devices that is the first its kind in the oil and gas industry. Power Jacks, which employs about 70 people at its base in Ellon, unveiled its new kit at the offshore energy industry’s flagship event, Subsea Expo 2015, which is being held at the Aberdeen Exhibition and Conference Centre. Oil and gas is something of a new frontier for Power Jacks, which is exhibiting at the expo for the first time. The company only moved into the subsea market in the last 18 months, when it started receiving requests for lifting devices that do not use hydraulics, the industry standard for decades.
Nearly a dozen marine technology firms will each have 10 minutes to show off their latest gadgets and gizmos before a panel of subsea bigwigs in Aberdeen today. The Spotlight on Technology showcase, whose format is reminiscent of hit BBC TV series the Dragons’ Den, is being tried out for the first time at the annual Subsea Expo 2015, the largest offshore energy event in Europe. Subsea Expo, which is being held at the Aberdeen Exhibition and Conference Centre, closes today. The quick-fire presentations are a chance for firms to promote new equipment that can help operators locate and produce oil and gas with greater efficiency and at a lower cost, but without skimping on safety.
Subsea companies have been urged to turn to the re-launched NSRI (National Subsea Research Initiative). The NSRI is aiming to bring academia and industry together to collaborate on getting technology to market much more quickly.
Focus turned to the international market today at Subsea Expo. Infield unveiled the detailed findings of their latest report into global subsea activity – underlining the tough times ahead but with a more promising outlook from 2017 onwards. The conference session on global markets, along with UKTI’s programme of one-to-one meetings matching UK expertise with demand from regions including Africa, Australia, Brazil and Mexico. The maturity and challenges of the North Sea make it even more crucial for UK subsea companies to increase their overseas business if they are to sustain their growth in the long-term.
Europe’s largest annual subsea conference and exhibition, which showcases the expertise and technology of a UK industry generating about £9billion in revenue annually, opened yesterday. More than 6,000 people registered to attend the event, organised by trade body Subsea UK, which takes place at Aberdeen Exhibition and Conference Centre till Friday.
Lundin Norway's wildcat well turned up a gas find near Statoil's massive Johan Sverdrup discovery.
Forum Energy Technologies unveiled its latest generation subsea robotic system on the first day of Subsea Expo 2015. Graham Adair, vice-president of sales and marketing at Forum, spoke to Energy Voice about Subsea Expo and the challenges ahead for the industry.
The UK energy sector’s attempts to pull itself out of the mire are being hindered by a lack of collaboration, urgency, and boldness, industry leaders said at Europe’s largest subsea event yesterday.
Energy services firm Proserv was crowned company of the year at an awards ceremony celebrating outstanding achievements in the UK subsea industry last night. The gala Subsea UK Business Awards was attended by over 850 people at the Aberdeen Exhibition and Conference Centre (AECC) following the first day of the industry body's annual conference. Judges for the awards scheme hailed "key milestones" for Proserv in the last 12 months, including a series of high-profile contract awards across the globe, expanding its manufacturing facilities and launching a "game-changing" subsea technology.
Get out there and do it! This was the message from leaders in the subsea industry today at the opening session of Subsea Expo. Operators Apache and EnQuest were joined by tier one subsea contractors Subsea 7 and Proserv in a rallying call for the industry to pull together and get things done, despite the concern over the decline in the price of oil. Collaboration and innovation will drive the industry forward. While over-engineering and aversion to risk are holding us back.
Research unveiled at Subsea Expo 2015 has analysed the subsea sector market over the next four years. Infield Systems Limited unveiled their analysis, which revealed subsea tree orders for the first three quarters of 2014 were substantially lower than industry expectation. In the short term, the energy analyst company said oil price volatility would add additional uncertainty to the market.