Subsea Expo 2016: Sector should learn from UK car industry how to reinvent itself
The UK oil and gas industry should learn from the car industry how to reinvent itself as a world-class technological leader, a company boss has urged.
The UK oil and gas industry should learn from the car industry how to reinvent itself as a world-class technological leader, a company boss has urged.
Data from the HSE (Health and Safety Executive) has shown more than a third of piping and pipeline failures are caused by vibration, erosion and corrosion.
Subsea Expo got off to a flying start with a busy exhibition and a packed-out auditorium for the conference plenary session.
Iqarus has revealed its deal to acquire hygiene consultancy C-CHEC could be one of many planned acquisitions in the future.
Subsea firm Harkand was presented with a challenge by its client Premier Oil - creating a vessel with 'walk to work' capabilities.
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.
There’s not a quick fix solution to the range of issues currently facing the subsea industry. Short–term measures and knee-jerk cost-cutting may have worked in previous downturns, but this time we must take a long-term approach and implement fundamental changes that will deliver lasting results.
The North Sea is fighting back to meet the challenges of maximising economic recovery from the UKCS, according to the industry regulator.
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.