With pressure on margins and the drive to lower the carbon footprint of offshore and onshore operations, electrically powered reel drive systems (RDSs) have become the systems of choice over those using hydraulic engines.
It is no secret that electric utilities are having to undergo a deep transformation to adapt to the energy transition. The extent of this transformation calls to mind what happened to telephone companies when the Internet came along. And as with the Internet’s impact on telephony, one of the key factors in the electrical utility incumbents’ ability to adapt to change is their capacity for digitalization.
Gneiss Energy (“Gneiss”) celebrates its five-year anniversary hot off the heels of announcing its 10th transaction of 2021, representing a productive start to 2021 for the advisory firm across all of its sector teams.
The past year has taken a significant toll on many industries’ bottom line, and oil and gas is no exception. Pushed by excess supplies, price wars, and reduced demand due to the COVID-19 pandemic, oil prices fell to record lows.
The oil and gas industry is vast, complex and heavily relies on millions of workers worldwide to keep it moving. The sector has made progress in recent years to better protect workers and tighten up safety standards, which is reflected in the decreasing number of sector-wide fatalities. As a major hazard industry nevertheless, common and health and safety exposures remain.
Oil and gas workers are being given the opportunity to have their say on what more can be done to break down barriers for transitioning to roles in the renewables sector.
Students studying energy transition programmes at the University of Aberdeen are set to benefit from a short course delivered by Total Professeurs Associés (TPA), which is supported by the energy company Total’s foundation.
A leading international drilling and well engineering consultancy and service provider for the energy industry has significantly strengthened its foothold in the ASPAC region by securing deals worth AUD$4.7 million.
The Energy Institute (EI) Aberdeen Young Professionals Network (YPN), a networking group which develops the skills and energy sector knowledge of those in the early stages of their careers, is celebrating its 10-year anniversary in May.
Garry Millard, corporate new business development director at Innovo, explains how modular engineering can fast-track delivery even when bespoke solutions are called for.
April 2021 marked a significant milestone for CAN Group as it celebrated 35 years since it pioneered rope access offshore in the North Sea, introducing a revolutionary alternative and more cost-effective means to the convention of scaffold access.
In the face of significant challenges, the oil & gas sector needs to embrace digitalisation and increase the pace of change to survive the decade ahead.
The UK energy market is transitioning, oil and gas is in slow decline, decommissioning is focussing on single lift solutions and the renewables market is in significant growth mode, albeit very cost driven.
Premier Oil said today that its creditors have backed its proposed merger with Chrysaor and reorganisation of its finance arrangements.
Faroe Petroleum today confirmed the commencement of the Fogelberg appraisal well and contingent sidetrack 6506/9-4S &4A in the Norwegian North Sea (Faroe 28.3%).
More charges have been filed in an alleged multi-million dollar oil theft from energy major Shell.
Early plans have been submitted to build a windfarm in Caithness which has been criticised for its potential to increase consumers’ electricity bills.
Ardyne has successfully shaved off more than a day of rig time for its Fairfield decommissioning job after deploying a new Casing Recovery Toolbox.
An Iranian oil tanker that caught fire after colliding with a freighter off China's east coast is at risk of exploding and sinking, Chinese state media have said.
An Iranian oil tanker has collided with a bulk freighter and caught fire off China's eastern coast, leaving its entire crew of 32 missing, most of them Iranians, authorities said.
The National Trust has made a direct appeal to energy firm Ineos to drop its bid to carry out a fracking survey in protected parkland owned by the charity.
New understanding of the "dangerous phenomenon" of unusually large ocean waves could help inform the design of oil platforms and other offshore structures, researchers have said.
Royal Dutch Shell will no longer sell its refining business in Denmark for 80 million US dollars (£60 million) to Dansk Olieselskab.
Renewables, smart homes, AI and IoT will have a massive impact on how energy companies need to address the market in 2018, predicts Colin Beaney, IFS’s Global Industry Director for Energy & Utilities.
Overnight clashes between protesters and security forces in Iran killed nine people, state television reported on Tuesday, including some rioters who tried to storm a police station to steal weapons.