The entire oil and gas industry must transform the way it goes about its business if there is to be a viable future.
A matchmaking service that aims to reduce the cost of recruiting project engineers has been launched at Subsea Expo in Aberdeen.
Ashtead Technology has today launched a white paper showing how approaches to the installation and integrity management of subsea systems can reduce cost.
Subsea 7 today confirmed it has landed a three-year framework agreement with Chevron North Sea, Dana Petroleum, Hess Denmark, Nexen Petroleum, Taqa Bratani and Talisman Sinopec Energy UK.
Aberdeen engineering specialist Xodus Group has launched a new asset lifecycle tool at Subsea Expro aims to help oil companies asset integrity issues.
Subsea Expo 2016 will launch tomorrow in Aberdeen with 5,000 people signed-up for the three day event.
The role that innovation will play in the future of the subsea sector will be highlighted at Subsea Expo this week.
In times of duress, it’s easy to put research and innovation on the backburner. But there are plenty of reasons to make sure it remains a core part of your business., says .
There’s not a quick fix solution to the range of issues currently facing the subsea industry.
“The problem that the UK had was realised before we had this oil price crash,” Gordon said. “Our costs were spiralling out of control; the writing was on the wall, but we didn’t do much about it as an industry. The drop amplified and compounded those problems.”
Firms are being encouraged to set their sights on increasing business exports in a bid to sustain long-term growth. Industry body Subsea UK has widened its Global Opportunities programme during Subsea Expo next month.
The UK’s £9billion subsea oil and gas industry has been urged to celebrate success despite the downturn, as the shortlist for an award ceremony was unveiled.
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.
Nearly a dozen marine technology firms will each have 10 minutes to show off their latest gadgets and gizmos before a panel of subsea bigwigs in Aberdeen today. The Spotlight on Technology showcase, whose format is reminiscent of hit BBC TV series the Dragons’ Den, is being tried out for the first time at the annual Subsea Expo 2015, the largest offshore energy event in Europe. Subsea Expo, which is being held at the Aberdeen Exhibition and Conference Centre, closes today. The quick-fire presentations are a chance for firms to promote new equipment that can help operators locate and produce oil and gas with greater efficiency and at a lower cost, but without skimping on safety.
Subsea companies have been urged to turn to the re-launched NSRI (National Subsea Research Initiative). The NSRI is aiming to bring academia and industry together to collaborate on getting technology to market much more quickly.
Focus turned to the international market today at Subsea Expo. Infield unveiled the detailed findings of their latest report into global subsea activity – underlining the tough times ahead but with a more promising outlook from 2017 onwards. The conference session on global markets, along with UKTI’s programme of one-to-one meetings matching UK expertise with demand from regions including Africa, Australia, Brazil and Mexico. The maturity and challenges of the North Sea make it even more crucial for UK subsea companies to increase their overseas business if they are to sustain their growth in the long-term.
Europe’s largest annual subsea conference and exhibition, which showcases the expertise and technology of a UK industry generating about £9billion in revenue annually, opened yesterday. More than 6,000 people registered to attend the event, organised by trade body Subsea UK, which takes place at Aberdeen Exhibition and Conference Centre till Friday.
Lundin Norway's wildcat well turned up a gas find near Statoil's massive Johan Sverdrup discovery.
Forum Energy Technologies unveiled its latest generation subsea robotic system on the first day of Subsea Expo 2015. Graham Adair, vice-president of sales and marketing at Forum, spoke to Energy Voice about Subsea Expo and the challenges ahead for the industry.