The beginning of a new year is always a busy period for us as we make the final preparations for our annual conference and exhibition, Subsea Expo. With the theme ‘Facing the Future’, our 2018 event will examine what must be done to reinvent the industry in a new reality.
The UK’s subsea service sector employs 8,000 people fewer than it did three years ago, but an uptick in offshore wind is proving to be a bright spot, a new report said.
Starting up a new business in the current VUCA, (Volatile, Uncertain, Ambiguous and Complex) oil and gas industry may, at first glance, appear an act of some madness - but bear with me.
Hydro Group, of Aberdeen, and Ian Donald, managing director at Westhill-based Enpro Subsea, were hailed as stars of the UK subsea sector at an awards ceremony in the north-east last night.
As UKCS capital investment continues to collapse – the 2017 forecast is £5.7billion – and backlogs evaporate, pressure on the subsea community remains intense. Jeremy Cresswell caught up with Subsea UK’s CEO Neil Gordon.
When looking at oil price trends over the years since the 1920s, it becomes apparent that apart from the cyclical spikes every few years, $100 plus was never going to be the norm. However, we became complacent in that unprecedented period of sustained, high oil price and the thought of living in $50 - $55 oil seemed unthinkable in 2014.
An oil and gas skills organisation has warned employers may shift apprenticeship training to England after the Scottish Government revealed it would not ring-fence funds allocated via the new UK-wide Apprenticeship Levy.
Oil and gas business leaders have demanded to know how the Scottish Government plans to spend the £220million a year that will start to be collected from large employers next year.
A panel of North Sea operators will hear about a range of existing technologies they could use to cut costs and increase efficiency at an event in Aberdeen this week.
Around 30 engineering and science students aged between 15 and 17 from Glenwood High School, Glenrothes and Kirkcaldy High School in Fife are travelling to Aberdeen to gain a deeper insight into the underwater world and learn about the diverse range of career opportunities available to them.
Subsea 7 is to cut its global workforce by another 1,200 and has confirmed up 430 jobs will go in the UK as part of the company’s global resizing and cost reduction measures.
Industry body, Subsea UK, is to bring subsea supply chain companies in Great Yarmouth together in the first networking event of its kind in the region next week.