Commenting on CNOOC’s announcement regarding a new gas discovery on the Glengorm prospect, Oil & Gas UK’s market intelligence manager, Ross Dornan, said:

“This is a major find and a great example of partner companies, CNOOC International, Total E&P and Edison working together to explore and unlock the potential of the UK Continental Shelf UKCS). Glengorm was a challenging prospect to drill, however the combined determination and perseverance of the partners has paid off. The location of the discovery, in the central North Sea, also provides a valuable opportunity to make use of the UKCS’ extensive infrastructure network.

Coming so soon after the Glendronach discovery in September, Glengorm is a major milestone towards adding another generation of productive life to the UK North Sea and realising the ambition of Vision 2035.”

 

ENDS

Oil & Gas UK Chief Executive Deirdre Michie said:

“A deal outcome is in the best interests of this industry, which is critical for security of energy supply and supports hundreds of thousands of skilled jobs right across the UK.

“We will continue to work with all parties and governments to inform the debate and encourage a constructive and timely approach to securing a deal which achieves the priorities identified by industry and can command the necessary political support.”

Our identified priorities are:

  1. Protecting the offshore industry from future EU regulatory changes.
  2. Minimal friction between the UK and EU.
  3. Maintaining a strong voice in Europe.
  4. Protecting energy trading and the internal energy market.
  5. Protecting our licence to operate.

The National Decommissioning Centre (NDC), a global technology R&D hub, was opened today by Lord Duncan, UK Government Minister for Scotland and Paul Wheelhouse MSP, Scottish Energy Minister in Newburgh in Aberdeenshire.

Oil & Gas UK’s chief executive, Deirdre Michie, said:

“The launch of the National Decommissioning Centre makes clear our ambition to become a trail-blazer in decommissioning.

The UK’s oil and gas industry is renowned across the globe thanks to its dynamic supply chain and expert capabilities.

With first mover advantage in the global decommissioning market and clear support from the government, regulators and industry, this exciting new facility will play a key role in driving our ambitions forward.”

More information about the centre is available here 

 

 

 

Report signals fresh investment for the UKCS in 2019

 

Commenting on the WoodMac report released today (Tuesday, January 8), which highlights five themes for the industry in 2019, including North Sea exploration and project investment, Mike Tholen, Oil & Gas UK’s Upstream Policy Director, said:

 

“This report builds on our analysis showing the positive future ahead if we continue to strive towards Vision 2035. OGUK will add more detail on the many exciting future opportunities for our industry in our flagship Business Outlook Report to be published in March this year.

 

“We have already seen the sector delivering improved performance, securing more project approvals in 2018 than in the last three years combined. Our challenge is to build on our successes to generate increased exploration activity.

 

“This is why we remain unwavering in our commitment to Vision 2035 which aims to add a generation of productive life to the basin and expand the supply chain’s global footprint.”

ENDS

 

Oil & Gas UK’s subsidiary LOGIC (Leading Oil & Gas Industry Competitiveness), publishes a new standard contract today (18 December) aimed at helping companies committed to delivering offshore decommissioning excellence. The standardisation of legal contracts, spearheaded by LOGIC in partnership with industry, improves the efficiency of drafting, executing and negotiating commercial agreements.

The not-for-profit organisation, which next year marks its 20th anniversary, continues to play a key role in helping companies improve competitiveness by simplifying transactional processes in the offshore oil and gas industry. More than 24,000 downloads of LOGIC’s suite of Standard Contracts have been recorded globally since April 2014.

Commenting, Graham Elgie, Managing Director of LOGIC said:

“This model contract developed by Oil & Gas UK’s Legal Issues Forum provides companies and their contractors with a framework for working towards commercial agreements in a timely, co-operative and effective manner. This couldn’t have been achieved without the support and expertise provided by industry, particularly the members on our Decommissioning Task Finish Group.

“Parties using this new model contract can reduce bidding costs, eliminate duplication of effort and streamline business processes enabling the UK to build on our growing reputation for effective cost leadership in decommissioning.”

The general conditions of contract for offshore decommissioning covers complete decommissioning of infrastructure, from cessation of production to delivery of structures to shore. It is available from the LOGIC website

In addition to the General Conditions of Contract for Offshore Decommissioning, LOGIC’s other Standard Contracts comprise:

  1. Construction Edition 2
  2. Design Edition 2
  3. Marine Construction Edition 2
  4. Mobile Drilling Rigs Edition 1
  5. Purchase of Goods Edition 3
  6. Services (On- and Offshore) Edition 3
  7. SME Services Edition 1
  8. Subcontract for SME Services Edition 1
  9. Supply of Major Items of Plant and Equipment Edition 3
  10. Well Services Edition 2

ENDS

Around 80 people attended a key industry event on Friday, December 7 where collaborative success stories between operators and the supply chain were showcased as part of a shared ambition to add a generation of productive life to the UK Continental Shelf.

Oil & Gas UK’s Efficiency Task Force (ETF) hosted the joint event with Shell U.K Limited in a bid to share best practice and learnings on how companies can best collaborate to reduce risk and increase efficiencies. The behaviour is key to industry-wide efforts to extend the life of the UK Continental Shelf, outlined in Vision 2035.

Vision 2035 is a framework for the industry’s shared future ambitions and aims to add a generation of life to the basin, whilst doubling the supply chain’s global footprint to ensure a lasting legacy.

Commenting on the event, Deirdre Michie, Chief Executive of Oil & Gas UK, said:

“The Efficiency Task Force is a fantastic example of what can be achieved through collaboration. By putting trust, common goals and shared risk into business practices, companies are reaping the rewards, increasing their efficiencies, reducing their costs and sharing knowledge – ultimately maximising economic recovery from the basin.

“The UK’s offshore oil and gas industry is essential for security of energy supply, contributing billions to the economy and supporting hundreds of thousands of high-value jobs for many years to come.

“This event highlighted how far we have already come and while we are progressing towards delivering Vision 2035, we need to constantly raise the bar in terms of working harder and faster towards delivering the Vision.”

Speakers at the event included Deirdre Michie, CEO of Oil & Gas UK, Steve Phimister, Cultural Change Champion and VP of Upstream at Shell U.K Limited, and Phil Simons, Efficiency Task Force Chair, of Subsea 7.

Steve Phimister, of Shell U.K Limited, said: “Our ability to collaborate is central to the competitiveness of our basin. It comes down to our leadership and our behaviours – how we choose to work together across industry, supply chain and operators alike.

“We are making progress on the meaningful behavioural change required to improve our collaboration through active dialogue and changes in our ways of working. I’m encouraged that over 35 operator and supply chain companies have directly played their part this year.

“I believe we’re starting to get traction on sharing of best practice and learning from one another, as a key enabler to the delivery of Vision 2035. Collectively, we can build on this, challenging ourselves in 2019 to create new outcomes together and replicate solutions that increase investment in the basin and deliver value to many.”

The event allowed industry to check-in on collective progress across the basin, with the audience hearing case studies which highlighted successes from Nexen, Shell and Subsea 7, among others.

The ninth Offshore Decommissioning Conference run jointly by Oil & Gas UK and Decom North Sea, takes place from 26 – 28 November at the Fairmont Hotel, St Andrews, with around 450 industry professionals expected to attend.

Over the past decade, decommissioning of the North Sea’s oil & gas assets and infrastructure has steadily risen within the industry agenda. The Offshore Decommissioning Conference reflects this, having grown in stature to become the go-to event for those aiming to leverage North Sea mature basin expertise towards ensuring the UK becomes a world-class centre of decommissioning excellence.

Mike Tholen, Oil & Gas UK’s Upstream Policy Director, said:

“The decommissioning market is likely to remain pretty stable providing the UK supply chain with a steady work flow and an opportunity to develop highly exportable world-class capabilities. Decommissioning is becoming an integral part of the oil and gas industry and lessons learned from the growing number of completed projects are being applied to current and future projects to improve efficiency. Supporting the UK supply chain in developing competitive decommissioning capabilities is critical to our ability to compete for work both in the UK and maturing basins around the world.”

With annual decommissioning expenditure of £1.5-2 billion predicted over the next decade, the Oil and Gas Authority has set a decommissioning cost-reduction target of 35%.  Initiatives underpinning the industry’s drive to deliver this goal feature prominently on this year’s agenda including the drive to reduce well decommissioning costs; a focus on strategies that address the question of operators’ long- term liabilities and a review of the potential for innovative decommissioning contacting models and improving sector-wide efficiency of project delivery.

The impact of science and technology on decommissioning will be explored throughout the conference, where around 30 companies will be showcasing the technology and methodologies designed to address the challenges discussed during the event.

Commenting on the significance of the conference, John Warrender, Decom North Sea’s Chief Executive said:  “Decommissioning is no longer a thing of the future. Predictable operator project execution, better market visibility for the supply chain, improved regulatory engagement, together with aggregation and economies of scale, new technology and genuine knowledge-sharing are becoming critical and urgent issues that require collaborative industry attention.

“As the new Chief Executive of Decom North Sea, I am committed to ensuring that this year’s conference is geared towards addressing these issues, providing the industry’s most effective networking platform to help delegates develop solutions together.”

ENDS

 

 

 

 

 

New developments, exciting opportunities and increasing optimism dominated Oil & Gas UK’s Share Fair today where major buyer companies highlighted the wave of UK North Sea opportunities to companies keen to understand the growing market for their expertise, products and services.  

More than 550 people from industry attended to hear presentations from major companies on their forward plans in greater detail highlighting some of the £15 billion the industry will be spending on exploring for new resources, developing them, operating existing assets and decommissioning. 

Innovative changes to Oil & Gas UK’s popular 1-2-1 sessions meant the suppliers were matched to major buyers based on how best they could meet challenges.

John McColl, Oil & Gas UK’s supply chain manager, said:  

“Innovative thinking has come under the spotlight throughout the day with many companies demonstrating a readiness to consider new ideas including in our Innovation Forum. Share Fair provides suppliers with a valuable opportunity to gather feedback on their enterprising solutions.  

“Many of the major purchasers at the event today highlighted opportunities at home, abroad and in other sectors for our world-class supply chain. This is key to industry’s Vision 2035 and expanding supply chain growth.  

“It’s been a great day for building the supply chain the industry needs to meet the challenges of the future.” 

Wood highlighted innovation, digitalisation and data-centric solutions, encouraging companies to register on their supplier list to help them deliver major international projects. As a thought leadership provider, the Advanced Forming Research Centre & High Value Manufacturing Catapult outlined its role in influencing and informing more than 140 strategic forums in different industrial sectors.  

Chrysaor focused on four challenges for which supply chain solutions are being sought including flow lines from marginal wells, maintenance optimisation, late-life compression projects and corrosion under pipe support while also highlighting future investment in the UKCS and Norway. 

West of Shetland is set to be a hive of activity with both BP and Total E&P highlighting future work in this frontier area. Renewal, increasing production efficiency and a renewed commitment to the UK North Sea featured in BP’s presentation which emphasized the need to find suppliers with new and nimble ways to deliver projects such as subsea tie-backs and well intervention cost-effectively.  

Alongside plans to continue activities in west of Shetland, where it is exploring options for its Glendronach discovery, Total outlined maintenance, repair and upgrade opportunities for its assets in the Northern North Sea as well as in 

Reflecting the industry’s increasingly collaborative mindset, Independent Oil and Gas combined with major contractor, ODE Asset Management, to deliver a joint presentation looking at progress on its Vulcan and Blythe assets as well as opportunities for the supply chain in asset management.  

A variety of workscopes throughout the full lifecyle of offshore assets characterised WorleyParson’s presentation. They are looking for supply chain support to help them with projects they are working on with BP, Shell and Chevron. Potential contracts in the portfolio include some engineering procurement and construction work in areas including Clair Ridge.  

In support of the sector’s drive to improve competitiveness, Oil & Gas UK’s Efficiency Task Force launched e series of new case studies at Share Fair, providing delegates with an insight into the tools and guidance available to optimise supply chain resilience and growth.  

ENDS

 

Industry experts from Equinor, Premier Oil, Spirit Energy and Nexen Petroleum U.K. Limited (Nexen), a wholly-owned subsidiary of CNOOC Limited, have selected seven forward-thinking companies and organisations to participate in Oil & Gas UK’s new Innovation Forum which launches at Share Fair in Aberdeen’s Exhibition and Conference Centre on October 31.

Matt Abraham, Oil & Gas UK’s Supply Chain Director, said:

“The industry’s longevity is thanks to the ground-breaking thinking and technological innovations our world class supply chain has developed and it’s great to have major companies supporting our first Innovation Forum. It’s aimed at giving people with bold and enterprising ideas access to advice and feedback from industry experts whose skill is identifying opportunities where both parties could work collaboratively to deliver solutions that address key challenges.

“We’ve had a great diversity of organisations submitting interesting concepts for the Forum. The seven successful candidates preparing to pitch their innovative solutions are the Advanced Forming Research Centre (AFRC); Altrad; Apollo; Centrifuges Un-Limited; Nalco Champion; Eigen and M&P Oil and Gas Solutions.”

With investment in the UK North Sea expected to exceed £15 billion over the next year, 21 major purchaser companies are keen to meet suppliers offering fresh input on services and expertise at Share Fair’s one-to-one business meetings which are proving extremely popular. These companies are Advanced Forming Research Centre (AFRC) and High Value Manufacturing Catapult; Apache North Sea; BP; Chrysaor; Chevron Upstream Europe; ConocoPhillips (U.K.) Limited; Craig International; EnQuest; EPIM; Halliburton; Independent Oil & Gas PLC (IOG) and ODE Asset Management Limited (ODE AM); Nexen; Premier Oil; Shell U.K. Limited; Spirit Energy; Subsea 7; TAQA; TOTAL E&P UK Limited; Wood and WorleyParsons.

Oil and Gas Authority head of supply chain Bill Cattanach added: “As the industry has evolved it is now generally accepted most of the new and enabling technologies are developed by the supply chain. There can however be disconnect between operators and the innovation community and the re-energised Share Fair concept recognises and addresses this gap through the new Innovation Forum.”

In support of the sector’s drive to improve competitiveness, Oil & Gas UK’s Efficiency Task Force will be launching a series of new case studies at Share Fair, where delegates can gain insight into the tools and guidance available to optimise supply chain growth and improve industry performance.

Ends

The 2018 conference, run jointly by Decom North Sea and Oil & Gas UK, will take place from 26 – 28 November 2018 at the Fairmont Hotel, St Andrews.

The leading representative body for the UK’s offshore industry has warned the sector is at a crossroads as it publishes its Economic Report 2018.

Oil & Gas UK highlighted findings which show an improved landscape for the sector, with reduced costs, competitive fiscal terms, improved operational performance and more stable oil and gas prices.

However, Oil & Gas UK Chief Executive Deirdre Michie today warned about the impact of record low drilling activity and a potentially damaging supply chain squeeze.

Speaking to an audience of industry leaders today, Deirdre Michie said the Economic Report 2018 shows investment conditions remain key to the long-term future of the UK offshore oil and gas industry.

 

It comes as the report shows:

  • Operating costs have halved and are now being sustained at around $15/boe
  • Production is on track to be 20 percent higher than 2014
  • More major new projects have been sanctioned by Exploration and Production (E&P) companies so far this year than the last 2 years combined

However, this recovery is yet to be felt across the whole of the sector, with the report noting:

  • Four exploration wells were spudded in the first eight months of the year – and even with more wells to come, total exploration activity this year expected to be the lowest since 1965. The capacity of the supply chain has been reduced in recent years, as revenues and margins continue to be squeezed.
  • By 2021 there could be capacity constraints emerging across the supply chain, as a result of the reductions in recent years and an expected increase in new development activity at home and abroad. The constraints are expected to be felt most across drilling and wells services and within engineering and subsea sectors.

 

Speaking ahead of a report launch to industry leaders in Aberdeen and London today, Oil & Gas UK Chief Executive Deirdre Michie said:

“Industry is emerging from one of the most testing downturns in its history. However, the steps that have been taken by industry, government and the regulator have delivered tangible results.

“Despite the improvements seen in recent years, we find ourselves at a crossroads.  Record low drilling activity, coupled with the supply chain squeeze, threaten industry’s ability to effectively service an increase in activity and maximise economic recovery.

“The UK Continental Shelf is a more attractive investment proposition – our challenge now is to take advantage of this.

“We have to drive an increase in activity while continuing to find and implement even more efficient ways of working which support the health of supply chain companies whilst also keeping costs under control.

“It shows that investment conditions remain key to the long-term future of the North Sea industry.

“Choosing the correct direction of travel is critical to securing our ambition for the future, outlined in Vision 2035. The sector deal is a further important step in delivering this vision.

“Essential for security of energy supply, supporting hundreds of thousands of skilled jobs and contributing billions to the economy, this is a vital industry. As our Economic Report shows, with the right stewardship across the industry, it will continue to play a leading role for many decades to come.”

Seven speakers specialising in staying ahead of the game in cyber security will be sharing their expertise at Oil & Gas UK’s seminar on the topic at Aberdeen Exhibition and Conference Centre on September 18 sponsored by ABB.

Dr Alix Thom, Oil & Gas UK’s Workforce Engagement and Skills Issues Manager, said:

“Cooperation and sharing information within the industry is crucial to help companies collectively respond to emerging threats. It’s also important to learn from other sectors about how they manage risks and ensure safe and sustainable operations. Our speakers include representatives from the police, government, legal and insurance sectors, whose expertise will help deepen our understanding of new and ever-evolving realities in the global security environment.”

Clare Dobson of the Energy Cyber Security Team at the Department of Business, Energy and Industrial Strategy (BEIS) will deliver the keynote speech with speakers for the day including:

  • Ben Dickinson, Cyber Security Consultant, ABB, and previously from the UK’s National Cyber Security Centre (NCSC), part of GCHQ
  • Detective Constable Richard Scott, Counter Terrorism Security Adviser, Police Scotland
  • Ross McKenzie, Partner at Addleshaw Goddard LLP with responsibility for advising on all things data protection, technology and intellectual property
  • Joe Goodlad, Principal Cyber Security Specialist, ADC (Aberdeen Drilling Consultants)
  • Francis Lobo, Head of Upstream Oil and Gas Engineering at insurance firm, Canopius
  • John Duncan, Senior Advisor Emergency Preparedness & Security, Total E&P

The format of the event will consist of 3 sessions, each followed by a Q&A with panel discussion, closing at 3.00pm.

Notes to Editors

  1. Details of the event are available on the website
  2. Issued by the Communications Team, Oil & Gas UK. Contact Communications Advisor, Lucy Gordon on 01224 577331 / lgordon@oilandgasuk.co.uk
  3. Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.

Commenting on Spirit Energy’s decision to farm-in to 50% of Hurricane Energy’s Greater Warwick Area (GWA) licenses, Mike Tholen, Oil & Gas UK’s upstream policy director, said:

“The west of Shetland, known as the ‘frontier’ region, has the greatest potential to expand current production. By acquiring a significant stake in these assets, Spirit Energy is demonstrating its confidence both in the basin’s growing competitiveness and the opportunities it continues to offer investors.”

 

More information available here .

 

ENDS

 

Notes to Editors

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.

 

  •     Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577331 / lgordon@oilandgasuk.co.uk

Enterprising new entrants to the UK North Sea sector will be joining supermajors and large contractor companies at Oil & Gas UK’s Share Fair in Aberdeen to highlight a rising number of supply chain opportunities on October 31.

Matt Abraham, Oil & Gas UK’s supply chain director, said:

“Looking at the year ahead, industry expects to spend more than £15 billion on exploring for new resources, developing them, operating existing assets and decommissioning with Share Fair providing the ideal place to hear about these in more detail.

Investors are recognising the sector’s ability to effectively manage costs and deliver operations efficiently. More independent operators are entering the basin, introducing some innovative business models and helping to breathe new life into the UK Continental Shelf (UKCS). We’re building on this by promoting early focused engagement between suppliers and potential clients which is key to helping a competitive and competent supply chain develop.”

2018 sees a higher number and broader spectrum of companies ready to share information about future business opportunities via presentations or pre-booked 1-to-1 engagement sessions. These include new companies Chrysaor, Independent Oil & Gas (IOG) and Spirit Energy together with Apache North Sea, BP, Chevron Upstream Europe, ConocoPhillips, Craig International, Halliburton, Nexen Petroleum UK, Shell Upstream International, Subsea 7, Total E&P UK and WorleyParsons.

Phil Kirk, chief executive, Chrysaor, said:

“Chrysaor recognises the value that can be generated by collaborating with our supply chain.  We see the Oil & Gas UK Share Fair as one of the ways we can bring new technology, innovation and fresh ideas to our future business plans.”

For the first time, suppliers booking a 1-to-1 slot at this year’s Share Fair will gain advance access to detailed information about companies’ future requirements for goods, works and services. This is intended to add greater value to the conversations at Share Fair that both parties will have in support of the shared aim of unlocking the full potential of the UKCS.

Share Fair takes place in Aberdeen’s Exhibition and Conference Centre on October 31 and more information is available on the website.

Ends

Notes to Editors

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577 331 /lgordon@oilandgasuk.co.uk

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.
  • Share Fair 2018 will take place at Aberdeen Exhibition and Conference Centre on October 31 2018.

Commenting on the news today (August 20) that Premier Oil has taken a final investment decision on the Tolmount gas field development project, Ross Dornan, Oil & Gas UK’s market intelligence manager, said:

“This is a clear example of how companies operating on the UK Continental Shelf can successfully adopt collaborative and innovative commercial models to re-scope a development concept. It demonstrates the value of upstream and midstream operators working closely together to stimulate investment and deliver a project that is critical to maximising economic recovery from the UK North Sea, ensuring continuation of an indigenous gas supply as well as providing new activity for supply chain companies.”

 

ENDS

 

Notes to Editors

 

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon 01224 577331 / lgordon@oilandgasuk.co.uk

Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.

Delegates keen to secure early bird bookings for Oil & Gas UK’s Share Fair 2018 which takes place in Aberdeen in October, have until August 24 to make the most of the discount rates on offer.

 

John McColl, Oil & Gas UK’s Supply Chain Manager, said:

“Share Fair is rightly perceived as a key business development event but along with the changes much of the industry has embraced during the downturn, we’re ensuring it evolves to deliver increased value to all participants, whether buyer or supplier.

 

“Our priority is to improve access to information and generate better opportunities for early focused engagement so that operators, major contractors and suppliers can find ways to work more effectively together. This is one of the ways we are driving greater competitiveness across the sector to help unlock the full potential of the UK Continental Shelf.”

 

Neil Sims, Vice President for Expro’s Europe CIS region, said:

“As we move into the next phase of the UKCS, stronger engagement between operators, contractors and the wider supply chain is vital if we are to maximise the potential from our region.  This approach will allow us to deliver value-adding solutions that push the boundaries of innovation, technology and efficiency – something we cannot achieve independently.”

 

Operators and major contractor companies will be giving presentations at Share Fair but this year they’ll provide the supply chain with detailed information about current and future commercial opportunities from a technical and operational perspective.

 

To increase the effectiveness of the event’s popular one-to-one business discussions, Oil & & Gas UK is currently working with purchaser companies to market and match their requirements with the most appropriate potential suppliers to ensure that conversations taking place on the day are of real value to both parties.

 

Share Fair takes place in Aberdeen’s Exhibition and Conference Centre on October 31 and more information about early bird bookings is available on the website

Ends

Notes to Editors

 

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577 331 / lgordon@oilandgasuk.co.uk

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.
  • Share Fair 2018 will take place at Aberdeen Exhibition and Conference Centre on October 31 2018

Commenting on Neptune Energy Group’s (Neptune) decision to acquire interests in two of Apache North Sea’s development and exploration assets in the UK Central North Sea, Deirdre Michie, Oil & Gas UK’s chief executive, said:

 

“Neptune’s interest in the Seagull development and the Isabella prospect reflects its confidence in the continued potential of the UK Continental Shelf and the basin’s growing competitiveness.

 

“These transactions will help unlock future opportunities for industry, making optimum use of existing infrastructure in the Central North Sea and enabling the timely and economic development of new fields in a key hub.”

 

 

 

ENDS

 

Notes to Editors

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.

 

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577331 / lgordon@oilandgasuk.co.uk

Supporters of the Pound for Piper Memorial Trust, have been given the opportunity to buy a limited-edition print commissioned to commemorate the 30th anniversary of the Piper Alpha tragedy.

 

The Trust commissioned a total of 167 prints, one for each individual life lost in the disaster, from local artist and long-term supporter, Elizabeth McAlpine, who donated the artwork from her portfolio. Each of Elizabeth’s prints feature the Memorial Monument created by sculptor, Sue Jane Taylor, together with preparatory sketches and a detailed description of the sculpture which depicts three offshore workers. The charity has maintained the Memorial Garden in Aberdeen’s Hazlehead Park since 2013.

 

Matt Abraham, Oil & Gas UK’s Health and Safety Director, said:

“Funds raised from the sale of the prints will help pay for the ongoing maintenance of the Piper Alpha Memorial Rose Garden and Oil & Gas UK is happy to support the Trust’s efforts to ensure it remains a place of reflection and remembrance for those who survived that night and for the families and friends of those who lost their lives.”

 

Those wishing to support the upkeep of the Memorial gardens by purchasing a professionally framed print at a cost of £267 are advised to contact Steve Rae, Chairman of the Trust, at Steverae1962@hotmail.com to obtain a print number which they can reference when making a payment. The Trust’s  Just Giving website is at https://www.justgiving.com/fundraising/poundforpipermemorialtrustprintsales .

ENDS

Notes to Editors

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.
  • The Pound for Piper Memorial Trust aims to raise funds to pay for the upkeep of the gardens and Piper Alpha memorial for many years to come.

 

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577331 / lgordon@oilandgasuk.co.uk

 

The leading representative association for the UK’s offshore oil and gas industry has said that a fresh round of funding for decommissioning projects, announced by the Scottish Government today, has the potential to bolster the supply chain’s standing on the world stage.

 

£5 million has been made available in the Scottish Government’s Decommissioning Challenge Fund with a widened scope to cover both capital and resource projects. Applications for the latest round are now being accepted and will close on the 28 September 2018.

 

In response to the latest announcement from the Decommissioning Challenge Fund, Oil & Gas UK Supply Chain director, Matt Abraham said:

 

“The UK’s offshore oil and gas industry has a world-class supply chain with the capabilities and expertise to lead the way in decommissioning.

 

“With a commitment to reducing decommissioning costs while serving this legal obligation, this fresh round of funding has the potential to bolster the supply chain’s reputation and open new opportunities in emerging markets.

 

“The decommissioning market is now a steady feature on the UKCS landscape alongside continued upstream operations. Our message to the supply chain is to realise the potential of this opportunity  and help establish the UK plc as a leader in this area.”

 

ENDS

 

Notes to Editors

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.
  • Issued by the Communications Team, Oil & Gas UK. Contact Natalie Coupar on 01224 577343 / ncoupar@oilandgasuk.co.uk

 

Oil & Gas UK welcomes Glengorm discovery as a major find

Commenting on CNOOC’s announcement regarding a new gas discovery on the Glengorm prospect, Oil & Gas UK’s market intelligence manager, Ross Dornan, said:

“This is a major find and a great example of partner companies, CNOOC International, Total E&P and Edison working together to explore and unlock the potential of the UK Continental Shelf UKCS). Glengorm was a challenging prospect to drill, however the combined determination and perseverance of the partners has paid off. The location of the discovery, in the central North Sea, also provides a valuable opportunity to make use of the UKCS’ extensive infrastructure network.

Coming so soon after the Glendronach discovery in September, Glengorm is a major milestone towards adding another generation of productive life to the UK North Sea and realising the ambition of Vision 2035.”

 

ENDS

Statement on Brexit

Oil & Gas UK Chief Executive Deirdre Michie said:

“A deal outcome is in the best interests of this industry, which is critical for security of energy supply and supports hundreds of thousands of skilled jobs right across the UK.

“We will continue to work with all parties and governments to inform the debate and encourage a constructive and timely approach to securing a deal which achieves the priorities identified by industry and can command the necessary political support.”

Our identified priorities are:

  1. Protecting the offshore industry from future EU regulatory changes.
  2. Minimal friction between the UK and EU.
  3. Maintaining a strong voice in Europe.
  4. Protecting energy trading and the internal energy market.
  5. Protecting our licence to operate.

Launch of National Decommissioning Centre welcomed by Oil & Gas UK

The National Decommissioning Centre (NDC), a global technology R&D hub, was opened today by Lord Duncan, UK Government Minister for Scotland and Paul Wheelhouse MSP, Scottish Energy Minister in Newburgh in Aberdeenshire.

Oil & Gas UK’s chief executive, Deirdre Michie, said:

“The launch of the National Decommissioning Centre makes clear our ambition to become a trail-blazer in decommissioning.

The UK’s oil and gas industry is renowned across the globe thanks to its dynamic supply chain and expert capabilities.

With first mover advantage in the global decommissioning market and clear support from the government, regulators and industry, this exciting new facility will play a key role in driving our ambitions forward.”

More information about the centre is available here 

 

 

 

Oil & Gas UK responds to Wood Mackenzie upstream 2019 report

Report signals fresh investment for the UKCS in 2019

 

Commenting on the WoodMac report released today (Tuesday, January 8), which highlights five themes for the industry in 2019, including North Sea exploration and project investment, Mike Tholen, Oil & Gas UK’s Upstream Policy Director, said:

 

“This report builds on our analysis showing the positive future ahead if we continue to strive towards Vision 2035. OGUK will add more detail on the many exciting future opportunities for our industry in our flagship Business Outlook Report to be published in March this year.

 

“We have already seen the sector delivering improved performance, securing more project approvals in 2018 than in the last three years combined. Our challenge is to build on our successes to generate increased exploration activity.

 

“This is why we remain unwavering in our commitment to Vision 2035 which aims to add a generation of productive life to the basin and expand the supply chain’s global footprint.”

ENDS

Industry demonstrates cost leadership in developing first offshore decommissioning standard contract

 

Oil & Gas UK’s subsidiary LOGIC (Leading Oil & Gas Industry Competitiveness), publishes a new standard contract today (18 December) aimed at helping companies committed to delivering offshore decommissioning excellence. The standardisation of legal contracts, spearheaded by LOGIC in partnership with industry, improves the efficiency of drafting, executing and negotiating commercial agreements.

The not-for-profit organisation, which next year marks its 20th anniversary, continues to play a key role in helping companies improve competitiveness by simplifying transactional processes in the offshore oil and gas industry. More than 24,000 downloads of LOGIC’s suite of Standard Contracts have been recorded globally since April 2014.

Commenting, Graham Elgie, Managing Director of LOGIC said:

“This model contract developed by Oil & Gas UK’s Legal Issues Forum provides companies and their contractors with a framework for working towards commercial agreements in a timely, co-operative and effective manner. This couldn’t have been achieved without the support and expertise provided by industry, particularly the members on our Decommissioning Task Finish Group.

“Parties using this new model contract can reduce bidding costs, eliminate duplication of effort and streamline business processes enabling the UK to build on our growing reputation for effective cost leadership in decommissioning.”

The general conditions of contract for offshore decommissioning covers complete decommissioning of infrastructure, from cessation of production to delivery of structures to shore. It is available from the LOGIC website

In addition to the General Conditions of Contract for Offshore Decommissioning, LOGIC’s other Standard Contracts comprise:

  1. Construction Edition 2
  2. Design Edition 2
  3. Marine Construction Edition 2
  4. Mobile Drilling Rigs Edition 1
  5. Purchase of Goods Edition 3
  6. Services (On- and Offshore) Edition 3
  7. SME Services Edition 1
  8. Subcontract for SME Services Edition 1
  9. Supply of Major Items of Plant and Equipment Edition 3
  10. Well Services Edition 2

ENDS

Industry takes stock of collaboration efforts to drive Vision 2035

Around 80 people attended a key industry event on Friday, December 7 where collaborative success stories between operators and the supply chain were showcased as part of a shared ambition to add a generation of productive life to the UK Continental Shelf.

Oil & Gas UK’s Efficiency Task Force (ETF) hosted the joint event with Shell U.K Limited in a bid to share best practice and learnings on how companies can best collaborate to reduce risk and increase efficiencies. The behaviour is key to industry-wide efforts to extend the life of the UK Continental Shelf, outlined in Vision 2035.

Vision 2035 is a framework for the industry’s shared future ambitions and aims to add a generation of life to the basin, whilst doubling the supply chain’s global footprint to ensure a lasting legacy.

Commenting on the event, Deirdre Michie, Chief Executive of Oil & Gas UK, said:

“The Efficiency Task Force is a fantastic example of what can be achieved through collaboration. By putting trust, common goals and shared risk into business practices, companies are reaping the rewards, increasing their efficiencies, reducing their costs and sharing knowledge – ultimately maximising economic recovery from the basin.

“The UK’s offshore oil and gas industry is essential for security of energy supply, contributing billions to the economy and supporting hundreds of thousands of high-value jobs for many years to come.

“This event highlighted how far we have already come and while we are progressing towards delivering Vision 2035, we need to constantly raise the bar in terms of working harder and faster towards delivering the Vision.”

Speakers at the event included Deirdre Michie, CEO of Oil & Gas UK, Steve Phimister, Cultural Change Champion and VP of Upstream at Shell U.K Limited, and Phil Simons, Efficiency Task Force Chair, of Subsea 7.

Steve Phimister, of Shell U.K Limited, said: “Our ability to collaborate is central to the competitiveness of our basin. It comes down to our leadership and our behaviours – how we choose to work together across industry, supply chain and operators alike.

“We are making progress on the meaningful behavioural change required to improve our collaboration through active dialogue and changes in our ways of working. I’m encouraged that over 35 operator and supply chain companies have directly played their part this year.

“I believe we’re starting to get traction on sharing of best practice and learning from one another, as a key enabler to the delivery of Vision 2035. Collectively, we can build on this, challenging ourselves in 2019 to create new outcomes together and replicate solutions that increase investment in the basin and deliver value to many.”

The event allowed industry to check-in on collective progress across the basin, with the audience hearing case studies which highlighted successes from Nexen, Shell and Subsea 7, among others.

Ninth offshore decommissioning conference to tackle cost and collaboration challenges

The ninth Offshore Decommissioning Conference run jointly by Oil & Gas UK and Decom North Sea, takes place from 26 – 28 November at the Fairmont Hotel, St Andrews, with around 450 industry professionals expected to attend.

Over the past decade, decommissioning of the North Sea’s oil & gas assets and infrastructure has steadily risen within the industry agenda. The Offshore Decommissioning Conference reflects this, having grown in stature to become the go-to event for those aiming to leverage North Sea mature basin expertise towards ensuring the UK becomes a world-class centre of decommissioning excellence.

Mike Tholen, Oil & Gas UK’s Upstream Policy Director, said:

“The decommissioning market is likely to remain pretty stable providing the UK supply chain with a steady work flow and an opportunity to develop highly exportable world-class capabilities. Decommissioning is becoming an integral part of the oil and gas industry and lessons learned from the growing number of completed projects are being applied to current and future projects to improve efficiency. Supporting the UK supply chain in developing competitive decommissioning capabilities is critical to our ability to compete for work both in the UK and maturing basins around the world.”

With annual decommissioning expenditure of £1.5-2 billion predicted over the next decade, the Oil and Gas Authority has set a decommissioning cost-reduction target of 35%.  Initiatives underpinning the industry’s drive to deliver this goal feature prominently on this year’s agenda including the drive to reduce well decommissioning costs; a focus on strategies that address the question of operators’ long- term liabilities and a review of the potential for innovative decommissioning contacting models and improving sector-wide efficiency of project delivery.

The impact of science and technology on decommissioning will be explored throughout the conference, where around 30 companies will be showcasing the technology and methodologies designed to address the challenges discussed during the event.

Commenting on the significance of the conference, John Warrender, Decom North Sea’s Chief Executive said:  “Decommissioning is no longer a thing of the future. Predictable operator project execution, better market visibility for the supply chain, improved regulatory engagement, together with aggregation and economies of scale, new technology and genuine knowledge-sharing are becoming critical and urgent issues that require collaborative industry attention.

“As the new Chief Executive of Decom North Sea, I am committed to ensuring that this year’s conference is geared towards addressing these issues, providing the industry’s most effective networking platform to help delegates develop solutions together.”

ENDS

 

 

 

 

Innovation takes centre stage as supply chain eyes future growth 

 

New developments, exciting opportunities and increasing optimism dominated Oil & Gas UK’s Share Fair today where major buyer companies highlighted the wave of UK North Sea opportunities to companies keen to understand the growing market for their expertise, products and services.  

More than 550 people from industry attended to hear presentations from major companies on their forward plans in greater detail highlighting some of the £15 billion the industry will be spending on exploring for new resources, developing them, operating existing assets and decommissioning. 

Innovative changes to Oil & Gas UK’s popular 1-2-1 sessions meant the suppliers were matched to major buyers based on how best they could meet challenges.

John McColl, Oil & Gas UK’s supply chain manager, said:  

“Innovative thinking has come under the spotlight throughout the day with many companies demonstrating a readiness to consider new ideas including in our Innovation Forum. Share Fair provides suppliers with a valuable opportunity to gather feedback on their enterprising solutions.  

“Many of the major purchasers at the event today highlighted opportunities at home, abroad and in other sectors for our world-class supply chain. This is key to industry’s Vision 2035 and expanding supply chain growth.  

“It’s been a great day for building the supply chain the industry needs to meet the challenges of the future.” 

Wood highlighted innovation, digitalisation and data-centric solutions, encouraging companies to register on their supplier list to help them deliver major international projects. As a thought leadership provider, the Advanced Forming Research Centre & High Value Manufacturing Catapult outlined its role in influencing and informing more than 140 strategic forums in different industrial sectors.  

Chrysaor focused on four challenges for which supply chain solutions are being sought including flow lines from marginal wells, maintenance optimisation, late-life compression projects and corrosion under pipe support while also highlighting future investment in the UKCS and Norway. 

West of Shetland is set to be a hive of activity with both BP and Total E&P highlighting future work in this frontier area. Renewal, increasing production efficiency and a renewed commitment to the UK North Sea featured in BP’s presentation which emphasized the need to find suppliers with new and nimble ways to deliver projects such as subsea tie-backs and well intervention cost-effectively.  

Alongside plans to continue activities in west of Shetland, where it is exploring options for its Glendronach discovery, Total outlined maintenance, repair and upgrade opportunities for its assets in the Northern North Sea as well as in 

Reflecting the industry’s increasingly collaborative mindset, Independent Oil and Gas combined with major contractor, ODE Asset Management, to deliver a joint presentation looking at progress on its Vulcan and Blythe assets as well as opportunities for the supply chain in asset management.  

A variety of workscopes throughout the full lifecyle of offshore assets characterised WorleyParson’s presentation. They are looking for supply chain support to help them with projects they are working on with BP, Shell and Chevron. Potential contracts in the portfolio include some engineering procurement and construction work in areas including Clair Ridge.  

In support of the sector’s drive to improve competitiveness, Oil & Gas UK’s Efficiency Task Force launched e series of new case studies at Share Fair, providing delegates with an insight into the tools and guidance available to optimise supply chain resilience and growth.  

ENDS

 

Innovators’ ideas come under expert scrutiny at Oil & Gas UK’s Share Fair

Industry experts from Equinor, Premier Oil, Spirit Energy and Nexen Petroleum U.K. Limited (Nexen), a wholly-owned subsidiary of CNOOC Limited, have selected seven forward-thinking companies and organisations to participate in Oil & Gas UK’s new Innovation Forum which launches at Share Fair in Aberdeen’s Exhibition and Conference Centre on October 31.

Matt Abraham, Oil & Gas UK’s Supply Chain Director, said:

“The industry’s longevity is thanks to the ground-breaking thinking and technological innovations our world class supply chain has developed and it’s great to have major companies supporting our first Innovation Forum. It’s aimed at giving people with bold and enterprising ideas access to advice and feedback from industry experts whose skill is identifying opportunities where both parties could work collaboratively to deliver solutions that address key challenges.

“We’ve had a great diversity of organisations submitting interesting concepts for the Forum. The seven successful candidates preparing to pitch their innovative solutions are the Advanced Forming Research Centre (AFRC); Altrad; Apollo; Centrifuges Un-Limited; Nalco Champion; Eigen and M&P Oil and Gas Solutions.”

With investment in the UK North Sea expected to exceed £15 billion over the next year, 21 major purchaser companies are keen to meet suppliers offering fresh input on services and expertise at Share Fair’s one-to-one business meetings which are proving extremely popular. These companies are Advanced Forming Research Centre (AFRC) and High Value Manufacturing Catapult; Apache North Sea; BP; Chrysaor; Chevron Upstream Europe; ConocoPhillips (U.K.) Limited; Craig International; EnQuest; EPIM; Halliburton; Independent Oil & Gas PLC (IOG) and ODE Asset Management Limited (ODE AM); Nexen; Premier Oil; Shell U.K. Limited; Spirit Energy; Subsea 7; TAQA; TOTAL E&P UK Limited; Wood and WorleyParsons.

Oil and Gas Authority head of supply chain Bill Cattanach added: “As the industry has evolved it is now generally accepted most of the new and enabling technologies are developed by the supply chain. There can however be disconnect between operators and the innovation community and the re-energised Share Fair concept recognises and addresses this gap through the new Innovation Forum.”

In support of the sector’s drive to improve competitiveness, Oil & Gas UK’s Efficiency Task Force will be launching a series of new case studies at Share Fair, where delegates can gain insight into the tools and guidance available to optimise supply chain growth and improve industry performance.

Ends

Offshore Decommissioning Conference

The 2018 conference, run jointly by Decom North Sea and Oil & Gas UK, will take place from 26 – 28 November 2018 at the Fairmont Hotel, St Andrews.

Investment conditions key as industry at crossroads

The leading representative body for the UK’s offshore industry has warned the sector is at a crossroads as it publishes its Economic Report 2018.

Oil & Gas UK highlighted findings which show an improved landscape for the sector, with reduced costs, competitive fiscal terms, improved operational performance and more stable oil and gas prices.

However, Oil & Gas UK Chief Executive Deirdre Michie today warned about the impact of record low drilling activity and a potentially damaging supply chain squeeze.

Speaking to an audience of industry leaders today, Deirdre Michie said the Economic Report 2018 shows investment conditions remain key to the long-term future of the UK offshore oil and gas industry.

 

It comes as the report shows:

  • Operating costs have halved and are now being sustained at around $15/boe
  • Production is on track to be 20 percent higher than 2014
  • More major new projects have been sanctioned by Exploration and Production (E&P) companies so far this year than the last 2 years combined

However, this recovery is yet to be felt across the whole of the sector, with the report noting:

  • Four exploration wells were spudded in the first eight months of the year – and even with more wells to come, total exploration activity this year expected to be the lowest since 1965. The capacity of the supply chain has been reduced in recent years, as revenues and margins continue to be squeezed.
  • By 2021 there could be capacity constraints emerging across the supply chain, as a result of the reductions in recent years and an expected increase in new development activity at home and abroad. The constraints are expected to be felt most across drilling and wells services and within engineering and subsea sectors.

 

Speaking ahead of a report launch to industry leaders in Aberdeen and London today, Oil & Gas UK Chief Executive Deirdre Michie said:

“Industry is emerging from one of the most testing downturns in its history. However, the steps that have been taken by industry, government and the regulator have delivered tangible results.

“Despite the improvements seen in recent years, we find ourselves at a crossroads.  Record low drilling activity, coupled with the supply chain squeeze, threaten industry’s ability to effectively service an increase in activity and maximise economic recovery.

“The UK Continental Shelf is a more attractive investment proposition – our challenge now is to take advantage of this.

“We have to drive an increase in activity while continuing to find and implement even more efficient ways of working which support the health of supply chain companies whilst also keeping costs under control.

“It shows that investment conditions remain key to the long-term future of the North Sea industry.

“Choosing the correct direction of travel is critical to securing our ambition for the future, outlined in Vision 2035. The sector deal is a further important step in delivering this vision.

“Essential for security of energy supply, supporting hundreds of thousands of skilled jobs and contributing billions to the economy, this is a vital industry. As our Economic Report shows, with the right stewardship across the industry, it will continue to play a leading role for many decades to come.”

Specialists from diverse sectors to address the cyber security challenge at seminar

Seven speakers specialising in staying ahead of the game in cyber security will be sharing their expertise at Oil & Gas UK’s seminar on the topic at Aberdeen Exhibition and Conference Centre on September 18 sponsored by ABB.

Dr Alix Thom, Oil & Gas UK’s Workforce Engagement and Skills Issues Manager, said:

“Cooperation and sharing information within the industry is crucial to help companies collectively respond to emerging threats. It’s also important to learn from other sectors about how they manage risks and ensure safe and sustainable operations. Our speakers include representatives from the police, government, legal and insurance sectors, whose expertise will help deepen our understanding of new and ever-evolving realities in the global security environment.”

Clare Dobson of the Energy Cyber Security Team at the Department of Business, Energy and Industrial Strategy (BEIS) will deliver the keynote speech with speakers for the day including:

  • Ben Dickinson, Cyber Security Consultant, ABB, and previously from the UK’s National Cyber Security Centre (NCSC), part of GCHQ
  • Detective Constable Richard Scott, Counter Terrorism Security Adviser, Police Scotland
  • Ross McKenzie, Partner at Addleshaw Goddard LLP with responsibility for advising on all things data protection, technology and intellectual property
  • Joe Goodlad, Principal Cyber Security Specialist, ADC (Aberdeen Drilling Consultants)
  • Francis Lobo, Head of Upstream Oil and Gas Engineering at insurance firm, Canopius
  • John Duncan, Senior Advisor Emergency Preparedness & Security, Total E&P

The format of the event will consist of 3 sessions, each followed by a Q&A with panel discussion, closing at 3.00pm.

Notes to Editors

  1. Details of the event are available on the website
  2. Issued by the Communications Team, Oil & Gas UK. Contact Communications Advisor, Lucy Gordon on 01224 577331 / lgordon@oilandgasuk.co.uk
  3. Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.

Spirit Energy’s investment in Hurricane’s West of Shetland assets welcomed by industry

Commenting on Spirit Energy’s decision to farm-in to 50% of Hurricane Energy’s Greater Warwick Area (GWA) licenses, Mike Tholen, Oil & Gas UK’s upstream policy director, said:

“The west of Shetland, known as the ‘frontier’ region, has the greatest potential to expand current production. By acquiring a significant stake in these assets, Spirit Energy is demonstrating its confidence both in the basin’s growing competitiveness and the opportunities it continues to offer investors.”

 

More information available here .

 

ENDS

 

Notes to Editors

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.

 

  •     Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577331 / lgordon@oilandgasuk.co.uk

New North Sea entrants to share stage with supermajors at Share Fair 2018

Enterprising new entrants to the UK North Sea sector will be joining supermajors and large contractor companies at Oil & Gas UK’s Share Fair in Aberdeen to highlight a rising number of supply chain opportunities on October 31.

Matt Abraham, Oil & Gas UK’s supply chain director, said:

“Looking at the year ahead, industry expects to spend more than £15 billion on exploring for new resources, developing them, operating existing assets and decommissioning with Share Fair providing the ideal place to hear about these in more detail.

Investors are recognising the sector’s ability to effectively manage costs and deliver operations efficiently. More independent operators are entering the basin, introducing some innovative business models and helping to breathe new life into the UK Continental Shelf (UKCS). We’re building on this by promoting early focused engagement between suppliers and potential clients which is key to helping a competitive and competent supply chain develop.”

2018 sees a higher number and broader spectrum of companies ready to share information about future business opportunities via presentations or pre-booked 1-to-1 engagement sessions. These include new companies Chrysaor, Independent Oil & Gas (IOG) and Spirit Energy together with Apache North Sea, BP, Chevron Upstream Europe, ConocoPhillips, Craig International, Halliburton, Nexen Petroleum UK, Shell Upstream International, Subsea 7, Total E&P UK and WorleyParsons.

Phil Kirk, chief executive, Chrysaor, said:

“Chrysaor recognises the value that can be generated by collaborating with our supply chain.  We see the Oil & Gas UK Share Fair as one of the ways we can bring new technology, innovation and fresh ideas to our future business plans.”

For the first time, suppliers booking a 1-to-1 slot at this year’s Share Fair will gain advance access to detailed information about companies’ future requirements for goods, works and services. This is intended to add greater value to the conversations at Share Fair that both parties will have in support of the shared aim of unlocking the full potential of the UKCS.

Share Fair takes place in Aberdeen’s Exhibition and Conference Centre on October 31 and more information is available on the website.

Ends

Notes to Editors

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577 331 /lgordon@oilandgasuk.co.uk

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.
  • Share Fair 2018 will take place at Aberdeen Exhibition and Conference Centre on October 31 2018.

Oil & Gas UK responds to Premier Oil’s announcement about its Tolmount development

Commenting on the news today (August 20) that Premier Oil has taken a final investment decision on the Tolmount gas field development project, Ross Dornan, Oil & Gas UK’s market intelligence manager, said:

“This is a clear example of how companies operating on the UK Continental Shelf can successfully adopt collaborative and innovative commercial models to re-scope a development concept. It demonstrates the value of upstream and midstream operators working closely together to stimulate investment and deliver a project that is critical to maximising economic recovery from the UK North Sea, ensuring continuation of an indigenous gas supply as well as providing new activity for supply chain companies.”

 

ENDS

 

Notes to Editors

 

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon 01224 577331 / lgordon@oilandgasuk.co.uk

Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.

Deadline looms for Share Fair’s discount bookings

Delegates keen to secure early bird bookings for Oil & Gas UK’s Share Fair 2018 which takes place in Aberdeen in October, have until August 24 to make the most of the discount rates on offer.

 

John McColl, Oil & Gas UK’s Supply Chain Manager, said:

“Share Fair is rightly perceived as a key business development event but along with the changes much of the industry has embraced during the downturn, we’re ensuring it evolves to deliver increased value to all participants, whether buyer or supplier.

 

“Our priority is to improve access to information and generate better opportunities for early focused engagement so that operators, major contractors and suppliers can find ways to work more effectively together. This is one of the ways we are driving greater competitiveness across the sector to help unlock the full potential of the UK Continental Shelf.”

 

Neil Sims, Vice President for Expro’s Europe CIS region, said:

“As we move into the next phase of the UKCS, stronger engagement between operators, contractors and the wider supply chain is vital if we are to maximise the potential from our region.  This approach will allow us to deliver value-adding solutions that push the boundaries of innovation, technology and efficiency – something we cannot achieve independently.”

 

Operators and major contractor companies will be giving presentations at Share Fair but this year they’ll provide the supply chain with detailed information about current and future commercial opportunities from a technical and operational perspective.

 

To increase the effectiveness of the event’s popular one-to-one business discussions, Oil & & Gas UK is currently working with purchaser companies to market and match their requirements with the most appropriate potential suppliers to ensure that conversations taking place on the day are of real value to both parties.

 

Share Fair takes place in Aberdeen’s Exhibition and Conference Centre on October 31 and more information about early bird bookings is available on the website

Ends

Notes to Editors

 

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577 331 / lgordon@oilandgasuk.co.uk

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.
  • Share Fair 2018 will take place at Aberdeen Exhibition and Conference Centre on October 31 2018

Chartered Institute of Procurement & Supply

Neptune Energy Group’s acquisition of interests in Seagull and Isabella assets welcomed by industry

Commenting on Neptune Energy Group’s (Neptune) decision to acquire interests in two of Apache North Sea’s development and exploration assets in the UK Central North Sea, Deirdre Michie, Oil & Gas UK’s chief executive, said:

 

“Neptune’s interest in the Seagull development and the Isabella prospect reflects its confidence in the continued potential of the UK Continental Shelf and the basin’s growing competitiveness.

 

“These transactions will help unlock future opportunities for industry, making optimum use of existing infrastructure in the Central North Sea and enabling the timely and economic development of new fields in a key hub.”

 

 

 

ENDS

 

Notes to Editors

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.

 

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577331 / lgordon@oilandgasuk.co.uk

Local business rallied to support Pound for Piper charity

Supporters of the Pound for Piper Memorial Trust, have been given the opportunity to buy a limited-edition print commissioned to commemorate the 30th anniversary of the Piper Alpha tragedy.

 

The Trust commissioned a total of 167 prints, one for each individual life lost in the disaster, from local artist and long-term supporter, Elizabeth McAlpine, who donated the artwork from her portfolio. Each of Elizabeth’s prints feature the Memorial Monument created by sculptor, Sue Jane Taylor, together with preparatory sketches and a detailed description of the sculpture which depicts three offshore workers. The charity has maintained the Memorial Garden in Aberdeen’s Hazlehead Park since 2013.

 

Matt Abraham, Oil & Gas UK’s Health and Safety Director, said:

“Funds raised from the sale of the prints will help pay for the ongoing maintenance of the Piper Alpha Memorial Rose Garden and Oil & Gas UK is happy to support the Trust’s efforts to ensure it remains a place of reflection and remembrance for those who survived that night and for the families and friends of those who lost their lives.”

 

Those wishing to support the upkeep of the Memorial gardens by purchasing a professionally framed print at a cost of £267 are advised to contact Steve Rae, Chairman of the Trust, at Steverae1962@hotmail.com to obtain a print number which they can reference when making a payment. The Trust’s  Just Giving website is at https://www.justgiving.com/fundraising/poundforpipermemorialtrustprintsales .

ENDS

Notes to Editors

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.
  • The Pound for Piper Memorial Trust aims to raise funds to pay for the upkeep of the gardens and Piper Alpha memorial for many years to come.

 

Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577331 / lgordon@oilandgasuk.co.uk

 

Decommissioning fund expansion could spell global opportunities for offshore supply chain

The leading representative association for the UK’s offshore oil and gas industry has said that a fresh round of funding for decommissioning projects, announced by the Scottish Government today, has the potential to bolster the supply chain’s standing on the world stage.

 

£5 million has been made available in the Scottish Government’s Decommissioning Challenge Fund with a widened scope to cover both capital and resource projects. Applications for the latest round are now being accepted and will close on the 28 September 2018.

 

In response to the latest announcement from the Decommissioning Challenge Fund, Oil & Gas UK Supply Chain director, Matt Abraham said:

 

“The UK’s offshore oil and gas industry has a world-class supply chain with the capabilities and expertise to lead the way in decommissioning.

 

“With a commitment to reducing decommissioning costs while serving this legal obligation, this fresh round of funding has the potential to bolster the supply chain’s reputation and open new opportunities in emerging markets.

 

“The decommissioning market is now a steady feature on the UKCS landscape alongside continued upstream operations. Our message to the supply chain is to realise the potential of this opportunity  and help establish the UK plc as a leader in this area.”

 

ENDS

 

Notes to Editors

  • Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.
  • Issued by the Communications Team, Oil & Gas UK. Contact Natalie Coupar on 01224 577343 / ncoupar@oilandgasuk.co.uk