The one biggest challenge facing the industry – apart from trying to make it profitable – is attracting new young talent, says the former CEO of North Sea independent Premier Oil. Nigel Wilson, who left Premier Oil in 2015, and is now…
Job losses in the industry have slowed to about 13,000 in 2017, compared to almost 60,000 in 2016, according to a new report by Oil & Gas UK. The Economic Report 2017, which was released at an SPE Offshore Europe business breakfast on Wednesday…
In just seven months since launching, The Oil & Gas Technology Centre (OGTC) has inked £12 million in investment in 21 projects, gained 40 members and is now set to open its Innovation hub, aimed at new breakthrough solutions, the centre revealed during SPE Offshore Europe on Tuesday…
Embracing the fourth industrial revolution through digital technologies will help the oil and gas industry reduce operating costs, but could be money misspent on “shiny new toys” if not combined with other changes, delegates at Tuesday’s SPE Offshore Europe business breakfast were told…
Aker Solutions secured a front-end engineering and design contract from Nexen Petroleum UK for a second phase development of the UK’s highest producing oil field. The study on the Buzzard field development includes the design of the subsea manifolds and pipelines…
Upstream has fallen behind its “poor cousin” downstream in terms of performance, according to Simon Flowers, Chairman, Energy and Chief Analyst, Wood Mackenzie. “Over the last six years (2010-2016), upstream has had shocking performance…
The fact that the design of offshore oil and gas platforms has remained largely unchanged for the past 40 years indicates the oil and gas industry’s slow progress in adopting not only new technology, but new design and business models. Industry…
While oil and gas markets remain uncertain and quite volatile, the UK Continental Shelf (UKCS) has managed to reverse a 14-year production decline. However, if new projects are not approved past 2018, all the hard work could be undone, warned Adam Davey…
One of the most anticipated exploration wells in Europe this year was the multi-billion barrel potential Arctic Korpfjell prospect in the Barents Sea. While the probe, completed late September, didn't prove commercial volumes, the region…
CHC Helicopters has marked the inaugural flight of its new Airbus H175 super-medium aircraft to the Ocean Patriot semisubmersible drilling rig in the North Sea. The aircraft, which can carry up to 16 passengers, will be the first of three in the CHC fleet and is working for operator Shell…
The floating production systems (FPS) market has been heavily impacted by the oil price downturn. Orders declined significantly from 17 in 2014 to four in 2015 and zero in 2016. There have been signs of a recovery in 2017, with seven orders booked year to date…
In recent weeks, I’ve been asked several times whether we are seeing ‘green shoots’ emerging in the UK oil and gas industry and the truth is that we are seeing what could be described as a mixed picture. On one hand, cautious optimism…
Tata Steel has announced a near £2 million program of investments at its 20in high frequency induction (HFI) pipe mill in Hartlepool, UK, to offer a new generation of higher strength offshore construction grades. The company’s investment…
In a sustained low oil price environment, operators are facing increased pressure to reduce costs and minimise risk when making a final investment decision (FID) on a project, resulting in many capital intensive offshore developments being shelved…
More than 55 members of the Society of Petroleum Engineers (SPE) Aberdeen came together last night to celebrate the achievements of individuals within the Section. The awards ceremony, at the Aberdeen Exhibition and Conference Centre…
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