Oil & Gas UK has launched new guidelines, aimed at simplifying subsea developments. Realizing the potential of the North Sea’s “small pool” reserves could be helped by its guidelines, Oil & Gas UK says. The launch follows a call…
British subsea companies are expecting to increase overseas activity in the next 12 months, according to a survey conducted by industry body, Subsea UK. Of the 300 member companies surveyed, 27% are predicting increasing exports by 50% or more in 2017…
LOC Group, an international marine and engineering consultancy, is partnering with WavEC Offshore Renewables, a private, non-profit offshore marine energy research and consultancy association. As part of the agreement, LOC will provide its…
Ongoing low oil prices and reduced spending by oil majors are continuing to hurt the oil industry, with a new round of layoffs in full swing. But, some, at least, are seeing the possibility of light at the end of the tunnel. The gloom…
Businesses working in the East of England gas industry were told there were at least another 20 years’ production left in the Southern North Sea by a government expert at Westminster. Production is expected to continue until at least 2035…
More than 3 billion boe remain in some 350 unsanctioned discoveries across the UK Continental Shelf (UKCS), according to information released by the Oil and Gas Authority (OGA). Of the 3 billion, the majority are 'small pools,' defined as less than 50 MMboe technically recoverable…
Norway's Aibel has agreed to take on the role of partner EPC contractor for small pools focused firm Marginal Field Development Co. (MFDevCo)'s marginal field initiative and its future projects. Aibel initially joined MFDevCo's marginal field delivery consortium in February 2016…
Upper position outboard. Images from AXTech. Some companies are looking to reverse the trend of heavier duty vessels with complex deck equipment. Elaine Maslin looks into some lighter concepts…
Subsea oil storage solutions could help unlock marginal fields; how easy would it be? Elaine Maslin reports from a workshop that assessed the issue. The Solan subsea tank prior to installation…
Senior Centrica Energy executive and former ConocoPhillips executive Colette Cohen is to lead Aberdeen's new Oil & Gas Technology Centre (OGTC). The organization, backed by industry stalwart Sir Ian Wood's Wood Foundation, is setting…
If cost reduction in the industry goes far enough, it could start to unlock new projects, with net positive effect for the industry, the industry’s leading economist said last night (23 June) in Aberdeen. But, both Professor Alex Kemp…
Space exploration and energy technology needs were shared at an event in near Oxford this week to see where cross over technologies in both industries could be identified. The event was run by Merchant Marketing Group and The Satellite Applications Catapult…
Jobs supported by the UK’s offshore oil and gas industry, currently under the severe strain of continued low oil prices, will have fallen by the end of 2016 by an estimated 120,000 since their peak in 2014. New employment figures based…
Maritime Developments (MDL) has delivered a new flexible pipe deployment and retrieval system for Magma Global, which is set to significantly reduce the costs and risks of light well intervention for the offshore oil industry. The m-IDP…
French engineering firm Technip has been awarded an engineering services contract by Australia's Woodside to provide multi-disciplinary engineering services as part of an engineering panel. This contract covers all Woodside operated onshore…
Subscribe
