Following Brexit and the continued stagnation of the oil and gas price, 2016 will long be remembered for all the wrong reasons. However, despite the rather gloomy past, 2017 is shaping up to be a far better year for the industry. With advancements in technology and testing, 2017 is set to see new, green shoots of growth return to the sector.
The Oil and Gas Technology Centre (OGTC) already has several projects in the offing, even though it does not officially open until next week, one of its managers said today.
An Aberdeen-based subsea consultancy has secured a five-year contract with an established North Sea operator.
The iPad generation are leading the way to a safer and more cost effective oil and gas industry, it has been claimed.
Industry needs to get “bolder and scarier” if it is to unlock the potential of the North Sea’s marginal fields, an industry chief has said.
A North Sea boss said yesterday that he was worried younger generations had lost faith in the energy industry.
British subsea companies are expecting a big boost in overseas activity over the next year, according to a survey conducted by the leading industry body.
The North Sea oil and gas industry needs to work out how to tap marginal fields before decommissioning gets into full swing, two industry chiefs warned.
Hiretech Limited has taken a positive approach to the recent turbulent oil and gas industry conditions, using the opportunities presented to significantly strengthen its position in the offshore pumping rental markets.
Since first gas flowed from the Southern North Sea (SNS) in the mid-1960s, the basin has developed and delivered strong gas production through a diverse network of offshore platforms, pipelines and onshore terminals. It has been well exploited and inevitably, the opportunity to identify and develop large “landmark” discoveries is increasingly limited.
North Sea industry may find that it is ill-equipped to capitalise on rising oil prices following two years of stripping out costs.
A North Sea chief said today that UK taxpayers would side with industry ahead of green groups on the subject of decommissioning.
A newly merged trans-Atlantic subsea partnership between two companies has secured a contract in North Africa - a region which neither firm had operated in previously.
A new subsea business has opened an office in Aberdeen with the creation of 30 jobs - and another 150 posts in the pipeline by the end of 2017.
Doom-mongers who warned of the North Sea’s demise got their predictions all wrong, an industry boss has said.
Ashtead Technology is launching a new service to increase efficiency and drive down the risk and cost associated with offshore operations.
In this latest Q&A, WeSubsea discusses what it’s like to operate in downturn, where they’re targeting growth and what’s next in line for the firm.
It was during the 2016 Offshore Technology Conference in Houston that Energy broke the news that M2 Subsea was being put together to compete in the ROV (remotely operated vehicle) and related services marketplace.
Subsea UK’s chief executive said North Sea operators and suppliers need a relationship based on “trust, respect and value” if they are to accelerate the sector’s recovery.
As UKCS capital investment continues to collapse – the 2017 forecast is £5.7billion – and backlogs evaporate, pressure on the subsea community remains intense. Jeremy Cresswell caught up with Subsea UK’s CEO Neil Gordon.
Innovative oil and gas technologies and the research capabilities of Scottish Universities will be highlighted at this week's Subsea Expo by the Oil & Gas Innovation Centre (OGIC).
Industry chiefs will discuss how tapping small pools can give the North Sea a new lease of life at an event in Aberdeen next month.
When looking at oil price trends over the years since the 1920s, it becomes apparent that apart from the cyclical spikes every few years, $100 plus was never going to be the norm. However, we became complacent in that unprecedented period of sustained, high oil price and the thought of living in $50 - $55 oil seemed unthinkable in 2014.
Industry body Subsea UK has unveiled the finalists who are in the running to triumph at its 2017 business awards.
Almost 7,000 visits were made to Europe’s largest subsea event, Subsea Expo, held in Aberdeen this week, despite the industry facing its toughest year ever.