Subsea technology is being forced to raise the bar as a direct response to rising production costs and declining oil prices, according to Subsea UK chief executive Neil Gordon.
His remarks come ahead of next week's Subsea Expo which will see 200 exhibitors showcase the latest innovation in technology.
The boss of Subsea UK admitted that last year’s celebration of huge growth is in stark contrast to the situation the industry finds itself in now.
Companies with technologies that can cut the cost of oil and gas production will be highlighted in a new showcase at the subsea industry’s leading event this year.
In an effort to demonstrate how recent innovations can help operators and oil services firms reduce costs, Subsea Expo will provide a platform for organisations to introduce, discuss and demonstrate their latest innovations.
Chaired by Dr Gordon Drummond, project director for the National Subsea Research Initiative (NSRI), the session will give a dozen companies ten minutes in the spotlight to outline their innovation and potential applications.
Energy specialist Munro’s Travel reports strong interest from UK companies keen to attend and exhibit at the world’s top oil show.
Next year’s Offshore Technology Conference (OTC) in the US oil capital of Houston is being held from Monday, May 4, to Thursday, May 7.
Executives and experts from leading oil companies will be attending this important event, which attracted a show record of more than 108,000 people last year.
Offshore oil and gas and renewables companies have just days left to enter the 2015 Offshore Achievement Awards.
The deadline for the annual honours, organised and hosted by the Aberdeen section of the Society of Petroleum Engineers (SPE), is Monday December 1.
Business interested in taking a spot at the Aberdeen and Aberdeenshire Councils' pavilion at Offshore Europe 2015 have been invited to get in touch and register their details.
The two local authorities, who have joined up to take a stand at the biennial event since 1996, said they will be recruiting north-east companies to take space on the pavilion shortly.
More than 30 Scottish energy service companies are showcasing their strengths in Abu Dhabi this week as they seek to grow their presence in the Middle East market.
Scottish Enterprise (SE) is leading the 33-strong business group at the world’s third largest oil and gas event, the Abu Dhabi International Petroleum Exhibition and Conference (Adipec), running for three days from today.
The Middle East is a key market, according to SE/Scottish Development International's Survey of International Activity in the Oil and Gas Sector 2012/13, published earlier this year.
As the Deep Offshore Technology International wraps up in Aberdeen for the first time in its 30-year history, the Press and Journal Energy editor Jeremy Creswell gives his highlight from the event.
A strategy manager for French-engineering company Technip said the “gold-plating” was coming off technology design in the oil and gas industry.
Scott Campbell, strategy manager for the company’s UK business unit, said the market downturn would likely remain for the next year.
The chief executive of oil and gas facilitator ITF said techniques used in deepwater could also be beneficial to the oil and gas industry in the North Sea.
Dr Patrick O’Brien spoke on the final day of Deep Offshore Technology International 2014 (DOT) about the potential techniques which could be used to find more energy sources in the UKCS.
Development in floating concrete structures - which could be used for exploration in the Arctic Ocean - was presented by Norwegian-based engineering company Kvaerner at Deep Offshore Technology International 2014 (DOT).
Kvaerner has been designing the concrete structures which would be adaptable to the region, rather than typical fixed platforms seen elsewhere in the industry.
The potential revenues which come from Enhanced Oil Recovery (EOR) will be realised by the oil and gas industry within the next five years, according to Industry team leader.
Members of the industry gathered for the final day of Deep Offshore Technology International 2014 (2014) to discuss enabling technologies to maximise recovery.
Closing the skills gap could be a major step forward in solving the challenges in deepwater developments, according to an industry analyst.
Richard D’Souza from Granherne/KBR said collaboration is needed between the oil and gas industry, governments and educational institutions to hire the right staff.
A deepwater vessel which will allow exploration n remote parts of the world is on track to be in use by next year.
The Ceona Amazon, a hybrid construction and pipelay vessel designed by CEONA Offshore, began construction last year.
A newly-designed subsea power grid will be ready for testing by next summer, with final preparations for the system currently underway.
Siemens has invested in the power solution, which aims to provide energy at a lower cost.
The boss of an independent oil and gas company said deep water production of oil and gas could triple by 2040.
Jarand Rystad, managing director of Rystad Energy, was speaking at the Deep Offshore Technology International 2014 (DOT) about rising costs in finding energy resources.
The Catcher project in the North Sea looks set to reach its production target with up to 60,000 barrels of oil produced per day, according to its development manager.
Deep Offshore Technology International (DOT) arrived in Aberdeen for the first time in its 30-year history today with a warning the industry needed to smarten up if it was to reap the benefits of future exploration.
Deep Offshore Technology International Conference and Exhibition (DOT) is delighted to welcome senior flow assurance consultant, Dr Fujiang Zhu of Wood Group Kenny tomorrow to advise on optimising project experiences in the North Sea.
The Industry Technology Facilitator (ITF) will be giving technology developers a platform at Deepsea Offshore Technology (DOT) International to showcase their newest innovations.
A technology pavilion will take place with companies able to show off new deep water technologies.
