For many in the North Sea industry, OTC in Houston has become part of the annual ritual. Unlike many such events which come and go in fashion, this one remains the top destination for many of the industry’s players and politicians from a’ the airts. The Offshore Technology Conference has been going strong since 1969 which means it has seen a few extreme ups and downs in the price of oil and plenty gloomy prognostications about the future. But in a sense, the event’s own longevity points to the underlying truth that this is an industry which has long since learned to take such fluctuations in its stride, and perhaps even turn them to advantage. For some of the old Aberdeen lags who have packed their suitcases once more and headed for Texas over the past few days, OTC is a great social occasion as well as a business one – a chance to meet old friends and particularly renew contact with many in the international industry who have, at some stage in their careers, passed through the North Sea industry.
As if to spice debate at this year’s OTC (Offshore Technology Conference), the US Department of the Interior has told the oil companies and their supply chain that it’s about to get tough on well control. The decision wasn’t unexpected, but the timing is neat, especially given the Mexican offshore tragedy on April Fool’s day in which four workers perished and more than 40 were injured as a result of a platform, part of the Abkatun-Pol-Chuc offshore field complex, blowing up. While the cause is not yet clear, it would appear that it is not well-related as operator Pemex restored production in large part from the field within days, recovering some 80% of output shortly thereafter. Nonetheless, the very fact that there has been another dangerous offshore incident within the Gulf of Mexico region, moreover one originating from a company with a poor safety track record, suggests that the US will now be ultra-twitchy about the HSE record of any oil & gas installation or its operator in waters adjacent to its own patch.
The devastating images of the aftermath of the terrible incident in the Gulf of Mexico last month have served as a stark reminder to the global oil & gas industry that we can never, ever, become complacent when it comes to the safety of our people who work offshore. While we don’t yet know the cause of this latest incident, we do know that risk is part and parcel of working in hazardous environments and it is the duty of every man and woman engaged in our sector – both offshore and onshore – to reduce the potential for accidents and injuries every step of the way. Knowledge is power and being able to properly understand the changing nature of risk, identify potential old and new hazards and react in the right way when something does go wrong is a fundamental part of keeping people safe. Five years after it was first introduced to the North Sea, Minimum Industry Safety Training (MIST) has been significantly restructured and re-launched last month to take account of the changed requirements in the UK sector.
The oil & gas industry is undergoing a major restructuring and nowhere is this more pronounced than in the United States. Since the plunge in oil prices during the latter half of 2014 and early 2015, E&P operators around the world have made cost reductions central to their short-term business plans. Oilfield service companies are coming under severe price pressure, including requests to reduce costs by 50% in some sectors, while rig contract renegotiations are increasingly visible and impacting the bottom line of drillers both on and offshore. At the time of writing, cost reduction initiatives show no sign of abating, despite some signs of life in the oil price.
Aberdeen and Houston are at the heart of a new subsea venture with $150million of private equity money at its disposal.
Scottish-based AEL is poised for international expansion after a successful year in Houston. A year on from its Houston market entry the firm, which provides electrical products and services, confirmed at this year’s Offshore Technology Conference (OTC) it would be investing in new premises to accommodate its growing workbook.
Ian Kirk can pinpoint the exact day his ‘fork in the road’ decision dramatically changed the course of his life.
Oilfield services giant Expro has launched its OTC exhibition campaign with the announcement of a £30million ($45million) contract in Canada with Statoil.
Downhole Products has landed $19million worth of contracts in Malaysia and Angola.
Pipeline engineers Stats Group, has invested £1.3million in new facilities in Houston to expand its services in the US and South American oil and gas markets.
As the Offshore Technology Conference OTC kicks off in Houston, Texas today companies in the UK oil and gas industry are turning to new technology as a way to breath fresh life into the sector during challenging conditions.
With so much to take in at this year’s Offshore Technology Conference (OTC), one can forget that Houston is an exciting city with many things happening beyond the walls of the NRG Arena. While attending OTC you definitely want to connect with industry leaders, but don’t forget to explore what the Houston market can offer your company. The Greenspoint District is ready to help you explore your options.
Scottish oil bosses are anticipating another successful time at the world's top energy show in the US city of Houston. They are attending the annual Offshore Technology Conference (OTC), which starts on Monday. Aberdeen-based energy industry travel expert Munro's Travel and the Press and Journal have organised their regular visit to OTC for 300 delegates through a tie-up dating back to 1973. This large Scottish group began arriving on Wednesday and the last of them will fly in tomorrow.
Industry experts have been urged to step forward and voice their concerns over the challenges currently facing the sector as a result of the falling oil price. Subsea UK has made its last call for papers for its annual ROV conference. The event, which is now in its third year, will be held at the Aberdeen Exhibition and Conference Centre during the final day of the Offshore Europe conference on Friday, September 11 and will debate key industry issues across the globe. Topics under the spotlight include deepwater construction, operational efficiencies, ROV development, and technological advancements.
Cheap hotel prices in Glasgow in early May highlight one of the reasons why the organisers of the UK’s largest green-energy show were so keen to move it from Aberdeen this year. But it could be back in Europe’s energy capital within a few years, thanks to current hotel projects and a major new venue in the city, north-east MSP Lewis Macdonald told the Press & Journal. A check yesterday on a well-known booking website showed rooms in three-star hotels in Glasgow on Tuesday May 5, the eve of All-Energy 2015, and Wednesday, May 6 are available from £45 a night. For those people still needing a room after the event ends on Thursday, May 7, three-star budget accommodation is available for only £35.
North Sea firms that are ensuring that new talent remain are attracted to the workforce will be celebrated at an awards ceremony tonight. Three companies have been shortlisted at the Offshore Achievement Awards for their work with graduates as the North Sea faces thousands of job losses due to high costs and low oil prices - but which still needs to ensure new entrants see it as a long-term career prospect.
Aberdeen businesswoman Jeanette Forbes is to be one of the featured speakers at the Gulf Intelligence Women in Energy Summit, which takes place today in Doha, Qatar. Ms Forbes, chief executive of PCL Group, was invited to take part in the summit to address delegates on “Technology: Clearing the path for women to work in technical field?”
An annual business event connecting the UK and US energy industries will mark its third birthday a week-long initiative. The Aberdeen-Houston Gateway will focus on energy, health, education and professional services.
Paradigm Flow Services demonstrated their latest technology to delegates at Subsea Expo in Aberdeen.
As the cherry pickers come in to remove the ROVs and the weary exhibitors dismantle their stands and pack up their sales brochures, I am sitting down to write my final editorial for Energy Voice. Subsea Expo is over for another year but it’s an event we will not forget. With the oil and gas industry facing one of the toughest times in our history, Europe’s largest annual event focused on subsea broke all records. Over 6,500 delegates attended the show and with 8,500 visits, indicating many of them came back for a second time over the three days.
Cadherent has championed the use of 3D animation in a bid to cut costs as the subsea industry tightens its belt. The Aberdeen-based company said by harnessing the ability to simulate, build and install subsea operations, the function of 3D animation has become a realistic option for the reduction of unnecessary operational expenditure. Lee Muir, business development manager for Cadherent, said animation was previously considered as a "nice-to-have" commodity for many organisations but in the current market has become more valuable.
Ian McCabe, technology project team leader with ITF, spoke to Energy Voice following his presentation at Subsea Expo 2015. Now in its final day, the exhibition has been attended by thousands of delegates from around the globe.
On the penultimate day of Subsea Expo 2015, Energy Voice sat down with three industry experts to discuss the exhibition and how innovation can lead the way in developing new technology. Gordon Drummond, chief executive of the newly re-launched NSRI (National Subsea Research Initiative), Ian Phillips, chief executive of OGIC (Oil and Gas Innovation Centre) and Ian Reid, chief executive of CENSIS formed the panel.
Marine equipment company Sonardyne International UK yesterday tied up a deal to supply Seatronics with £1million-worth of its 6G acoustic positioning technology. The order was placed at the Aberdeen Exhibition and Conference Centre on day two of Europe’s biggest offshore energy industry event, Subsea Expo 2015, which finishes today. It is not the first contract Sonardyne has managed to secure at this year’s installment of the expo.
An Aberdeenshire-based engineering firm has produced a new range of mechanical lifting devices that is the first its kind in the oil and gas industry. Power Jacks, which employs about 70 people at its base in Ellon, unveiled its new kit at the offshore energy industry’s flagship event, Subsea Expo 2015, which is being held at the Aberdeen Exhibition and Conference Centre. Oil and gas is something of a new frontier for Power Jacks, which is exhibiting at the expo for the first time. The company only moved into the subsea market in the last 18 months, when it started receiving requests for lifting devices that do not use hydraulics, the industry standard for decades.