The global debut of PipeTracer technology in the North Sea showed how the digital transformation of the tubular supply chain can drive efficiency to the next level, in an oilfield province that is embracing every opportunity to reduce costs.
By Michelle Handforth, chief executive of Aberdeen Harbour Board
Covid-19 has had an unarguably dramatic and far-reaching impact on everyone, and on organisations of all types – we have all felt the effects of lockdown and the economic slowdown. However, even as we saw a fall in revenue at the port due to reduced oil and gas activity and fewer ferry sailings, the pandemic brought out the very best in our employees, stakeholders and customers.
Data is key to good decision making in all sectors of industry and society and the Technology Leadership Board Digital Technology Theme highlights the truly disruptive potential of digital technologies. As we move towards a net zero economy, only through exploiting cross sectoral data can we achieve the potential of digital technologies, thereby aiding a smooth and sustainable energy transition. Combining data from the oil and gas and the renewables sectors with the nascent hydrogen and carbon capture and storage (CCS) industries will provide a platform for the best decision making. At the National Decommissioning Centre (NDC) we are initiating several projects which will help deliver this.
The energy sector today is a constantly changing, evolving and complex landscape. It is continuously seeking to find an equilibrium in the turbulence of supply and demand, fossil fuels and renewables, and survival and growth. All of which is underpinned by fierce competition for investment.
Siemens world-renowned fire safety products, systems and solutions safeguard assets from fire risk. This teamed with Dron & Dickson’s UK wide distribution capabilities and electrical engineering expertise have created a powerhouse in Fire & Gas Engineering for hazardous and industrial areas, both on and offshore.
Alaska’s North Slope basin has a long history of successful oil discoveries — recent discoveries have included the two largest conventional oil discoveries onshore North America in over 40 years.
By Carolyn Taylor, head of mental health, resilience and wellbeing at International SOS
During this time of reflection, 32 years on from the Piper Alpha disaster, we must not forget the survivors, family and friends of those who lost their lives.
A focus on providing high quality virtual services to international clients is helping TRACS International shrug off the worst of the latest downcycle and replenish its order book.
A new survey has been launched by Platform and Friends of the Earth Scotland to hear from workers in the oil and gas industry and supply chain about how COVID-19 and the oil price crash have impacted their working life. Hundreds of workers have already responded, detailing their experience in the industry, their fears around job security and what type of future they want.
By Robert Phillips, legal director, Addleshaw Goddard
The Energy industry has taken another battering. But unlike previous economic hurricanes, this time within weeks centrally funded support was made available in the form of furlough leave and pay.
In an industry faced with an unprecedented level of turmoil due to the compounding events of the COVID-19 pandemic and the collapse of Oil & Gas commodity prices, one thing is for sure; Asset Integrity & Reliability remains as, if not more important than ever. Beyond the regulatory requirements of operating Oil & Gas facilities, the simple truth is that safe and sustained production is the difference between success and failure, or in Oil & Gas parlance; Late Life or CoP.
It seems as if Coronavirus is the only topic of conversation just now, particularly when it comes to our health. However, other illnesses and diseases have not gone away and it is important that you seek medical advice if you are unwell.
A consortium involving a north-east engineering and technology group is in talks with airport owners across the UK about installing screening stations for coronavirus testing.
While many sectors have recently rediscovered the importance of resilience, it’s always been in the energy industry’s DNA. From hostile physical environments to volatile prices, the sector keeps the lights on for millions of households, whatever the circumstances. So, despite seized-up supply chains and plunging energy prices, the industry has largely endured and overcome the current challenges presented by the Covid-19 pandemic.
Cost effective competency management has always been important and in the current climate as we adjust to the challenge of Covid-19 and its implications, it is even more critical.
There is little doubt the first quarter of 2020 will go down in investment history as a “notable” period that investors will remember – alongside others such as 1987’s Black Monday, when US markets fell by more than 20% in one day and the global financial crisis of 2008-9.
It’s extraordinary to think that when we should have been gearing up for the main global oil and gas event of the year, instead we are mostly staying indoors for the foreseeable future. This doesn’t mean however that we down tools.
In these difficult times, it is challenging to manage day-to-day business as well as thinking to the future. Clearly, we have seen rapid and significant changes to business operations and Aberdeen Renewable Energy Group (Areg) members and others are under greater pressure than ever to deliver results.
Having assisted clients during previous health challenges such as Ebola, Zika virus, SARS, avian flu and the H1N1 2009 influenza pandemic, global healthcare provider Iqarus has approached Covid-19 using its wide-ranging medical expertise and experience to support its clients with additional services and expert solutions.