North Sea

North Sea

Major milestone for North Sea Clair Ridge project

BP’s £4.5billion North Sea Clair Ridge project, which is expected to keep the UK producing oil beyond 2050, has taken a giant leap forward. Three huge topside modules have been installed on the “quarters and utilities” (QU) platform following their long journey from a shipyard in South Korea. They were safely lifted onto pre-installed jackets by the Heerema Thialf deepwater construction vessel.

North Sea

New animation celebrates 50 years of UK North Sea industry

Oil & Gas UK (OGUK)’s annual conference, which focused on the next 40 years of the offshore industry and attracted more than 500 people, ended with the launch of an animation celebrating the sector’s achievements to date. The short infographic celebrates 50 years of exploration for oil and gas in the UK North Sea and the production that has been achieved over four decades.

North Sea

MEP highlights support needed for North Sea oil and gas industry

06/04/2015

Conservative MEP Ian Duncan was in Aberdeen yesterday to highlight the support his party had provided to the North Sea oil and gas industry. He said a £1.3billion package unveiled by Chancellor George Osborne last month had given the sector – blighted by a global fall in the oil price – a welcome boost. Petroleum revenue tax has been reduced from 50% to 35% and the supplementary tax has dropped from 30% to 20%. Speaking at the Maritime Museum, Mr Duncan said: “The tax breaks and support which George Osborne delivered are exactly what the oil and gas industry need to safeguard jobs and investment. “That is what you get when you vote Scottish Conservative – jobs and growth as part of a long-term economic plan.

North Sea

Aberdeenshire engineering firm reaping benefits of renewables switch

02/04/2015

A Banchory-based engineering firm is making its work in the renewable energy industry pay after diversifying from the oil and gas sector. Ecosse Subsea Systems (ESS) said more than half of its projects are now in renewables. Yesterday it confirmed that the decision to branch out into the sector has played a big part in tripling the firm’s profits. ESS, which performs seabed clearance, trenching and cable laying work, said revenues hit £15million for the year ending March 2014, an 88% increase, while operating profits went up to £3.4million from £1million.

North Sea

Axis Well Technology honoured for oil and gas sector employment work

Aberdeen-based Axis Well Technology Ltd. has become one of the first organisations in the oil and gas sector to be recognised for its commitment to employing young people. The organisation was presented with the Investors in Young People (IIYP) accreditation yesterday by Scottish Minister for Youth and Women's Employment, Annabelle Ewing MSP. The IIYP scheme is supported by £1 million funding from the Scottish Government.

North Sea

Australian firm gains new vessel as it eyes the North Sea

Australian maintenance experts Vertech are preparing to take delivery of their first specialist vessel as the company’s diving team aims to expand into the North Sea and further afield. The new 14.4m daughter craft, which will be one of a number built, is due for delivery in early April and will feature a three-diver panel and state of the art monitoring equipment. The vessel has been designed for diving operations in 1.6m significant wave height and built to order in Cape Town, South Africa. In recent weeks it completed sea trials to gain MCA category two approval.

North Sea

International Well Control Forum to host Aberdeen workshop next month

International Well Control Forum (IWCF) has announced a workshop and networking event for Aberdeen next month ahead of Offshore Well Intervention Europe 2015. The event will take place on Tuesday April 14, and will focus on the best practices for global safety, new initiatives that are being launched to drive up well control competency, and operators, contractors and service companies will be on hand to explain how to get more involved.

North Sea

Oil and gas company cuts TV service in savings drive

12/03/2015

A North Sea oil and gas company has saved £600,000 by cutting Sky TV services from its offshore sites. Talisman Sinopic Energy UK has axed the subscription satellite TV service on its North Sea locations in an effort to save costs during downturn in the Scottish oil and gas industry.