BP, BHGE raising efficiency with help of ‘digital twins’
Digital technology pioneered in the Gulf of Mexico will soon be rolled out on BP facilities in the UK North Sea.
OPINION: Helping our offshore supply chain compete
Later today, with my colleagues Neil Gordon, Subsea UK Chief Executive and Stuart Payne, Director of HR and Supply Chain at the Oil & Gas Authority (OGA), I’ll provide evidence to the Scottish Affairs Committee in Westminster on a proposed sector deal.
Fixed mind-sets ‘stifling’ innovation in oil industry
Creativity is being stifled at large oil companies by the “fixed mind-sets” of employees, industry chiefs said yesterday.
Countdown on for Gold Awards extravaganza
The countdown is officially on to one of the most prestigious events in the north-east’s business calender.
OPINION: People are not your biggest asset
We’ve all heard it a thousand times, ‘our people are our biggest asset’. I don’t buy it. I appreciate I’m perhaps failing to acknowledge the spirit of this statement, but to explain further – I don’t buy the idea that just having ‘good people’ (whatever that means) is enough to drive success. Let’s also have a think about that notion of ‘good people’ – do we mean competent people, entertaining people, nice people, generous people, motivated people or just people who have previously worked for a business that competes with our own…?
Wood offering far north support
Aberdeen-based firm Wood has been showcasing the support it could offer businesses in the far north working in the energy sector.
Sembcorp wraps up £30m Sevan Marine IP deal
Sembcorp Marine has completed the £30m acquisition of the intellectual property rights of Sevan Marine.
North Sea employment to increase this year
The overall number of people employed in the North Sea Oil & Gas industry will increase this year according to a new workforce report from industry-body Oil & Gas UK.
Lloyd’s Register: Integrity optimised, production maximised
A robust approach to integrity and maintenance is key to safely increasing reliability, maintaining production, reducing cost and improving profitability.
Oil dips on US supply concern as storm threat eases
Oil fell near $69 a barrel on concern over higher inventories at a key storage hub in the U.S. and as the threat posed by a storm to Gulf of Mexico assets eased.
Talos to buy Whistler Energy for £40m
Talos Energy has struck a deal to buy Whistler Energy II, a company with current production of 1,900 barrels of oil equivalent per day, for £40 million.
Time for oil industry to move up a gear in tech race, ENGenious event hears
An oilfield technology expert has urged the industry to find a “higher productive gear” at an inaugural event in Aberdeen.
BP to roll out downtime prevention technology in North Sea
Energy giant BP will start installing new technology for preventing unplanned downtime on North Sea rigs next year after giving the tool a run-out in the Gulf of Mexico.
Hurricane deal makes Spirit ‘more attractive’ to new JV partners
Spirit Energy’s boss said yesterday that the firm’s swoop for stakes in two North Sea licences would make it “more attractive” to potential new joint venture (JV) partners.
Halliburton automates fracking
There’s much talk of digitalisation and automation within the Oil & Gas industry, but discussion around the potential of these new technologies has generally been limited to offshore platforms and rigs. But now, American oil field services company Halliburton has introduced a new service which claims to introduce automation to hydraulic fracturing.
‘Energising’ the next generation’s leaders at Wood
Forty young professionals attended a recent interactive professional development event at Sir Ian Wood House in Aberdeen.
Spirit, Hurricane deal ‘win-win’ for both firms, analyst says
Spirit Energy’s swoop for stakes in Hurricane Energy’s Greater Warwick Area (GWA) is a “fantastic deal”, an analyst has said.
Updated: Hurricane sells west of Shetland stakes to Spirit Energy
Hurricane Energy said today that it had sold 50% of its Lincoln and Warwick licences to Spirit Energy.
Secret oil shipments could help Iran cushion US sanctions blow
Discounts, bartering and smuggling are among the tactics Iran may lean on to keep almost 800,000 barrels a day of its oil exports flowing after U.S. sanctions resume in November.
Cluff working ‘tirelessly’ on farm-out as first-half losses widen
Cluff Natural Resources' (CLNR) chairman said today that the company is "working tirelessly" to find partners for two of its North Sea licences.
Tailwind completes acquisition of Triton stakes from Shell, Exxon
North Sea newcomer Tailwind Energy has completed a deal to buy Shell and ExxonMobil’s stakes in the Triton cluster.
UK’s biggest energy suppliers losing more customers to start-ups
The latest threat to the dominance of Britain’s six biggest energy suppliers is coming from small technology companies that automatically switch consumers to the cheapest deal.
Nuclear transport protest in Highlands
Protesters from across the Highlands gathered in Inverness to stage a “peaceful protest” against the transportation of nuclear waste along the far north line.
Brent stalls below $78 as Iran loss offset by higher supply
Oil struggled to gain above $78 a barrel as the prospect of shrinking Iranian crude exports was countered by signs of higher output from top producers Saudi Arabia and Russia.
Recycling firm’s annual profits more than double
Profits at Aberdeen-based recycling, decommissioning and steel tubulars company John Lawrie Group more than doubled during 12 months which saw it undergo a private equity-backed management buyout and handle the highest tonnage of scrap metal in its history.