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Subsea Expo

Subsea Expo

Opinion: Subsea companies have to learn how to play the new industry game

For many companies in the subsea sector, 2015 was a painful year marked by a focus on cost reduction. Among the many challenges for businesses was the requirement to reduce capital spend alongside operational expenditure with nothing being immune from cuts. Within this environment staff costs are a significant outgoing for any company, but for an industry that relies on a highly skilled workforce, huge cuts in staff numbers could mean a severe depletion in the skills base come the hoped for up-turn.

Subsea Expo

Subsea Expo 2016: Chief exec calls for simplification

“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.”

Subsea Expo

Subsea Expo 2015: Guest Editor Neil Gordon says we still need a fresh flow of talent

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.

Subsea Expo

Subsea Expo 2015: Animation key to saving costs

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.

Subsea Expo

Subsea Expo 2015 video: Panel talks innovation, oil price and new technology

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.