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Resilient and reshaping but greater activity needed to fully reboot industry

 More new investment expected in 2018 than the last 3 years combined 2018 production set to increase 5% making it 20% higher than 5 years ago Unit Operating Costs halved since 2014 and post-tax cash flow highest in 7 years. Supply chain still under pressure but revenues to stabilise in 2018, cash-flow and profitability remain a challenge [...]

Collaboration in action as Global Energy Group opens doors to industry

The chair of the UK offshore oil and gas industry’s Efficiency Task Force has praised efforts by the sector to work together to maximise economic recovery from the North Sea. Phil Simons today welcomed news that Global Energy Group is extending an invitation to its Efficiency Task Force roadshow to companies working across the sector. The company [...]

New entrants and supply chain to take centre stage at key industry report launch

The chief executive of a new entrant which recently expanded its footprint in the UK North Sea, and a leading voice for the oil and gas industry’s supply chain are to top the bill at the launch of a key industry report in Aberdeen next month (Tuesday 20 March). Chief Executive Officer of Neptune Energy, Jim House, and Neil Sims, Vice President [...]

Oil & Gas UK issues renewed guidelines for industry’s emergency preparedness and response plans

 The most up to date information aimed at helping operators ensure they have the required financial measurements in place to meet the cost of clean-up for an oil release is in guidelines Oil & Gas UK is publishing today. The Liability Provision Guidelines for Offshore Petroleum Operations aim to assist licensees in demonstrating they can cover [...]

Neptune transaction highlights UK oil and gas opportunities

Welcoming completion of the Neptune, Engie transaction Deirdre Michie, CEO of Oil & Gas UK said: “Having an enterprising company like Neptune growing with the North Sea at the heart of its business is also good news for the future of the UK oil and gas industry. “This transaction highlights that the UK oil and gas sector continues to offer [...]

New faces at Oil & Gas UK

Two new faces are among three key appointments announced today (Monday 12 February) by Oil & Gas UK as it adapts and evolves to fully meet its members’ needs. Gareth Wynn has taken on the post of Director of the Stakeholder and Communications Team which includes external affairs, media relations, editorial and design, events and membership. [...]

Industry efficiency chair hosts first roadshow of 2018

The chair of industry’s Efficiency Task Force has kicked off 2018 with a rallying call to his own employees Phil Simons, ETF Chair   Phil Simons, VP North Sea and Canada at Subsea 7 and head of the industry-led efficiency initiative, urged his employees to “challenge the status quo” at an ETF roadshow held at his company’s Westhill [...]

EY’s oilfield services sector report welcomed by Oil & Gas UK

Welcoming EY’s UK oil field services report, which shows the sector gearing up for growth but still dependent on industry maintaining its focus on achieving further recovery in 2018, Oil & Gas UK’s chief executive Deirdre Michie, said: “Companies in the oil field services sector have proved their ability to drive up both operational and [...]

More females and companies wanted for apprentice scheme

The oil and gas sector has renewed its backing for a major apprenticeship scheme that organisers hope will get more females and companies on board. Recruitment has begun for this year’s intake of apprentices to the Oil and Gas Technical Apprentice Programme – OGTAP – that has already steered around 1,500 young people into the industry over [...]

BP exploration discoveries mark positive start for North Sea in 2018

Oil & Gas UK says two new exploration discoveries in the North Sea by a supermajor mark a more positive start to the year for the UK’s offshore industry. BP today (Wednesday 31 January) announced successful discoveries in its Capercaillie and Achmelvich wells. The data of both wells is now under evaluation. Oil & Gas UK Chief Executive [...]

Oil & Gas UK welcomes Spirit Energy Chiswick Field investment

Welcoming news today that Spirit Energy is to drill a new well in the Chiswick field in the Southern North Sea, Oil & Gas UK Chief Executive Deirdre Michie said: “Spirit Energy’s announcement provides evidence that recent merger and acquisition activity is driving much needed capital investment into the UK Continental Shelf. “Its infill [...]

Industry Outlook shared with Chief Economist

  Business leaders from the UK oil and gas sector shared industry insights this week with Chief Economist Andy Haldane from the Bank of England.   Oil & Gas UK Chief Executive Deirdre Michie hosted the roundtable which took place in Aberdeen.   She said: “We had a really good meeting with the Chief Economist who was [...]

Penguins redevelopment welcomed by trade body

Deirdre Michie, Chief Executive of Oil & Gas UK, said:   “This is great news and an exciting start to the new year.   “A global leader like Shell making a commitment on this scale demonstrates the investment potential the UK Continental Shelf still holds. It also shows the importance of the efficiency improvements our industry [...]

Big data revolution boosts offshore production

An award-winning new service which harnesses data to predict downtime and the performance of oil and gas production systems has been touted as a positive example of innovation in the sector. By applying predictive data analysis methods already deployed in alternative industries, including aviation, predictive technology specialists Operational [...]

New guidance aids decommissioning planning

An industry workgroup has issued new guidance that will help companies plan decommissioning more efficiently. Common Data Access (CDA) - the Oil & Gas UK subsidiary that provides shared services for the management of UKCS well and seismic data - has worked with the Shell Brent Decommissioning Project and the School of Law at the University of [...]

Trade body response to Scottish Energy Strategy

Commenting on the publication of the Scottish Energy Strategy, Will Webster, Energy Policy Manager, Oil & Gas UK, said: “We welcome the announcement by Scottish Minister for Business, Innovation and Strategy Paul Wheelhouse MSP that the UK oil and gas industry will remain the bedrock of Scotland’s future energy system and that building on [...]

2017 M&A activity passes $8bn mark as confidence gradually returns to UKCS

Merger and acquisition (M&A) activity on the UK Continental Shelf (UKCS) has surpassed $8bn this year in a clear sign that confidence is gradually returning to the basin, says Oil & Gas UK’s newly launched Market Insight. The new Insight - which gives the most recent overview of the current business environment as well as operational trends [...]

Award win for CDA

Common Data Access (CDA) is celebrating today after scooping a win at last night’s (December 14) UK Association Awards Ceremony in Manchester. CDA - a subsidiary of Oil & Gas UK - won the Best eLearning/Online Education award for its innovative Graduate Certificate in Petroleum Data Management. The online course - the first of its kind - [...]

New Co Chair for Oil & Gas UK

The head of Nexen in the UK has taken over as Co-Chair of the Board of Oil & Gas UK. Ray Riddoch - Nexen’s UK Managing Director & Senior Vice President, Europe - takes over from the previous Co-Chair, Neil McCulloch, who has left EnQuest. Deirdre Michie, Chief Executive of Oil & Gas UK, said: “Ray Riddoch brings a huge breadth [...]

Oil and gas industry association shortlisted for two awards

An event celebrating offshore safe practise and a professional qualification for oil and gas data managers have been shortlisted at an awards ceremony taking place tonight (Thursday, 14 December) recognising excellence in membership organisations. The Offshore Safety Awards 2017 - organised by Oil & Gas UK and Step Change in Safety - is shortlisted [...]

Key infrastructure systems delivered for Lancaster Field

Two horizontal Xmas tree systems and an FPSO subsea control system have been delivered, meaning that Hurricane is keeping on schedule for works on the Lancaster field. Read more... Read more

New contracts secure growth for Dräger Safety UK in energy and marine

Dräger Safety UK has secured new contracts worth more than £3 million after successfully diversifying into new technology and training service areas focused on upstream and downstream operations in the North Sea. Read more... Read more

Repsol Sinopec Resources UK explore removal options for the jackets and topsides of the Beatrice field

A 30 well campaign on Alpha is planned to begin in 2022 in which Repsol Sinopec Resources wants to remove the topsides, jackets and wind turbines and decommission the subsea infrastructure – the project is expected to last until 2027. Read more... Read more

Bibby/Rever Merger

Bibby Offshore group of companies has announced a merger with Rever Offshore AS.  The combination of Bibby and CECON Contracting AS will create a larger and more robust offshore installation delivery business both in the North Sea and internationally. Read more

Advances in technology could cut life cycle costs of producing oil and gas by nearly a third by 2050

According to BP’s Technology Outlook 2018, recoverable reserves from the Middle East, which holds the largest oil resources, could be increased by 50 per cent. Read more... Read more

Bibby Offshore gains three new contracts with supermajor

Bibby Offshore has announced three individual multimillion pound contract wins with an oil and gas supermajor. Read more... Read more

Cairn Energy has reported profits of $263.1 million for the year ending December 2017

The year before Cairn reported losses of $95 million. During 2017, Cairn added 10 new licences to its exploration asset portfolio - seven in the UK and Norwegian North Sea (including three as operator), two new licences offshore Mexico and one offshore Ireland. Read more... Read more

Sparrows apprentices showcase East Anglia ONE project

The latest intake of Sparrows Group apprentices) showcased their work on the East Anglia ONE offshore wind project as part of National Apprenticeship Week. The group of 14 apprentices, including four personnel who have become the first to complete the company’s business and admin modern apprenticeship, were awarded certificates in disciplines including [...]

DNV GL primary partner in £9 million project

DNV GL, alongside Health and Safety Laboratories, is to be a primary partner in a collaboration with all gas distributors in the UK that has been awarded £9 million in funding by the Office of Gas and Electricity Markets (Ofgem) to investigate the safety viability of hydrogen transportation in the UK gas distribution networks. Read more... Read more

Bibby Offshore completes multi-million-pound contract for BP North Sea

Bibby Offshore, a leading subsea services provider to the oil and gas industry, has successfully completed a contract worth more than £2million for BP in the North Sea. The project, completed in December 2017, used Bibby Offshore’s diving support vessel Bibby Topaz to carry out inspection, repair and maintenance operations in the Rhum gas field, [...]

DEKRA Organisational Reliability chose to help improve safety culture at multinational Serbian energy company

DEKRA Organisational Reliability has  announced a three year partnership with Naftna industrija Srbije (NIS), Serbia’s largest multinational energy companies, to implement a new Health and Safety strategy based on cultural change. The new, three year partnership will work to  implement the recommendations from the 2016 Diagnostic. The scope of work [...]

Emerson completes £64 million project for BP North Sea

Emerson, a global technology and engineering company, has completed its multi-year, $90 million (£64 million) automation project for BP’s Glen Lyon floating production, storage and offloading (FPSO) vessel west of Shetland. Read more... Read more

Sparrows Group re-awarded two five-year contracts from TAQA

Sparrows Group has been re-awarded two five-year contracts with TAQA to deliver crane operations, maintenance, rigging loft and fixed lifting inspection services to its UK Continental Shelf (UKCS) assets. Read more… Read more

Xodus Group welcomes Subsea 7 as a new shareholder

Xodus Group, the engineering and advisory consultancy is welcoming Subsea 7 as a new shareholder. Subsea 7, which will add value through its subsea expertise and experience, has agreed to acquire a 60% interest and existing shareholder, Chiyoda Corporation of Japan, will retain a 40% percent interest. Read more… Read more

Apollo KnowHow™ leads the way offshore

Apollo Technical Software has further digitised the offshore worker with the launch of KnowHow DiveTM, a new module in its innovative data management solution, Apollo KnowHow™. It links up data silos between subsea, topsides, inspection, fabric maintenance etc through a common tool and workflow along with real-time data harvesting for the first time. [...]

TWMA secures contract with AGR and Decipher Energy

TWMA, provider of specialised drilling waste management services, has secured a six-figure contract with Decipher Energy. The three month project, which commenced in February 2018, will see TWMA provide an at source drilling waste management package at the Orlando Field in the UK northern North Sea. The company will use its EfficientC® and TCC RotoMill® [...]

Emerson and Aspentech form alliance to deliver digital technologies

Emerson (NYSE: EMR) and AspenTech (NASDAQ: AZPN) announced today they have teamed up to deliver asset optimisation software solutions along with global automation technologies and operational consulting services. Together, the two industry leaders will help customers optimise production and drive operational excellence. Read more… Read more

Interventek Subsea Engineering is delighted to announce the appointment of Bruce Stuart to the role of Sales and Business Development Director

Bruce Stuart brings with him over 30 years of commercial leadership experience and in-depth operational knowledge of the oil and gas industry.  Bruce joins Interventek from Proserv where he was VP Business Development Subsea, having previously held a seven year tenure at FMC Technologies, responsible for UK and Canada sales and marketing for their [...]

Wood secures new North Sea industrial services contract

Wood has been awarded a new contract with Bluewater to provide industrial services to the Haewene Brim floating production storage and offloading (FPSO) facility in the UK North Sea. Effective immediately, the contract is for two years with three one-year extension options, and includes the provision of rigging and scaffolding services on the facility, [...]

AVEVA acquires rights to Shell’s engineering design and productivity software

AVEVA has acquired the intellectual property rights to the engineering design database and design productivity software known as EDD and PDMSi, developed by Shell International Exploration and Production Inc., a member of the Royal Dutch Shell plc group. The EDD solution tool has been developed by Shell to improve project efficiency by automating design [...]