The clock is now ticking to reach the target of Net Zero by 2050 in the UK (2045 in Scotland). The oil and gas industry is a critical part of this transition to net zero and has the potential to be the leader in developing the solutions which will unlock a new, low carbon economy. This pivotal role of the oil and gas industry was clearly recognised recently by the Scottish Government with the £62 million Energy Transition Fund to support net zero projects.
As opposition politicians were lambasting government ministers over this year’s school results the economy was noisily crashing round our heads. GDP fell by over 20%, UK debt rose to £2 trillion and unemployment is back on the rise again.
Ultimate responsibility for the safety of offshore workers on a doomed Super Puma helicopter which crashed into the sea off Shetland lay with the chief pilot, a fatal inquiry has heard.
Equinor revealed today that several wells on the Martin Linge field, offshore Norway, had barrier “deficiencies” and could no longer be used for production.
By Romain Chambault, VP Europe - Oilfield Equipment, Baker Hughes
Now more than ever, our customers in Europe, specifically the North Sea, are demanding technology and solutions to increase the productivity and efficiency of their operations, both to achieve their carbon reduction goals and to navigate the current macro environment.
Despite severe challenges in the oil and gas sector and problems caused by the global pandemic, the team at Texo Group has continued to meet client demand in a range of sectors.
On Tuesday 1st September, Scotland’s First Minister Nicola Sturgeon unveiled her plan for government, Protecting Scotland, Renewing Scotland, for the year ahead.
For several years, the aerospace, automotive and other engineering sectors have used concurrent engineering – a mixture of design, analysis, modelling and simulation working together - to provide a product or solution in the most efficient manner. There is now the opportunity to apply similar techniques within the energy sector.
As the oil and gas industry doubles down on operational efficiency efforts in response to the ongoing challenges surrounding the global pandemic and low oil price, a leading asset integrity and maintenance consultancy is urging companies to focus on activity that will maximise the potential for savings without increasing risk or compromising safety.
Decom North Sea (DNS) and the Oil and Gas Authority (OGA) are “aligned” on the urgent need to stimulate decommissioning activity so that North Sea jobs can be saved.
It’s been a long and costly two decades of carbon capture and storage (CCS) studies and test centers. Now Europe has reached a stage where big-scale developments make financial sense and could trigger up to $35 billion in development spending until 2035 – by which time as much as 75 million tonnes of CO2 could be captured and stored per year on the continent, a Rystad Energy analysis shows.
The Aberdeen-based subsea controls engineering division of SEA, a subsidiary of technology group Cohort, has undergone a management buyout as it looks to grow its core business in the North Sea.
Managers at Kishorn Port (KPL) have hailed its third significant contract of the year, after the arrival of the Banff floating production, storage and offloading vessel (FPSO) for temporary mooring there.
Gabriel Podskubka, Tenaris Eastern Hemisphere President, speaks exclusively to Energy Voice about the company’s response to the Covid-19 outbreak, the lessons learned, and its ambitions for the future.
This year will be remembered for many complex challenges and changes. It may also be the year that many business leaders truly discovered what leadership is all about.
There are as many opinions of good leadership as there are management books and business schools. For me, the important priorities are being honest, transparent and authentic, having a clear vision of your goal, a clear strategy to reach that goal, and the empathy, energy, commitment and confidence to inspire your team to work collaboratively towards it. It is also important to innovate, to do things differently, to find new ways, to be agile and to be supportive. Communication of all of this is key.
Innovative partnering between oil and gas, renewables, hydrogen and carbon capture can accelerate energy transition, says the UK’s Oil and Gas Authority (OGA).