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Aberdeen

Other News

Offshore Europe shaping up for busiest year

Oil and gas companies are snapping up exhibition stands at this year’s Offshore Europe (OE) conference in Aberdeen as quickly as ever, despite the current downturn in the energy sector. OE’s spiritual sister on this side of the Atlantic – ONS Norway – was cancelled and just last week BP said it would not exhibit at the biennial OE conference this September, with the low oil price citied as a factor in both decisions. Concerns that OE could be a quiet affair this year appear to be unfounded, however.

Other News

Oil and gas body to stage hustings

Energy industry body Oil and Gas UK (OGUK) will host a hustings event featuring four parliamentary candidates in Aberdeen this week. The hustings will be attended by chief secretary to the Treasury Danny Alexander, Labour’s Dame Anne Begg, Conservative candidate Alexander Burnett and former Scottish first minister Alex Salmond.

North Sea

MEP highlights support needed for North Sea oil and gas industry

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.

Oil & Gas

Oil and gas firms “show interest” in technology used by Lamborghini

A north east firm is licking its lips at the prospect of growing demand from oil and gas firms after receiving a “number of inquiries” for ultrasound technology currently being used by Italian sports car maker Lamborghini. Aberdeen-based RSL is a supplier of equipment designed to check the strength of materials without damaging them, a technique known in the trade as non-destructive testing (NDT). Last year, the company agreed to become a UK reseller of DolphiCam, a type of camera that can assess impact damage on carbon-fibre-reinforced plastics by creating 2D and 3D images through the material. Made by Norway’s DolphiTech, the camera is currently being used by Lamborghini and aerospace giant Boeing, and RSL thinks the technology can be applied in the subsea sector.

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.

Markets

Parkmead eyeing new acquisitions

Parkmead Group said yesterday it had “significant” cash available to take advantage of lower oil prices and continue on the acquisition trail it has been on since 2011. The Aberdeen-based oil and gas firm, led by north-east entrepreneur Tom Cross, has already pulled off six deals since a refocusing of the business four years ago. It was previously an investment and advisory firm. Announcing first half results yesterday, Mr Cross said: “I am pleased to report significant progress in the period to December 31, 2014. “Parkmead discovered a new onshore gas field at Diever West, in the Netherlands, which delivered excellent production flow rates, providing an additional near-term cash flow opportunity to the group.

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.

Opinion

Opinion: South Korea link could put us at the forefront of energy research

The establishment of the University of Aberdeen’s first international campus will be a proud and significant moment in our long history. As an ambitious research-driven University with an international outlook, this as a hugely exciting initiative, and one which is a testament to our ambitions to position ourselves as a global institution which is at the forefront of energy-related research and teaching. The campus will be a mutually beneficial collaboration that will allow us to export our world-class educational offering to a new market in East Asia, providing education and training in offshore subjects relevant to the South Korean industry, and meeting the needs of the country’s economy.

Oil & Gas

OGA on track to become executive agency

The UK’s new energy industry regulator, the Oil and Gas Authority (OGA), yesterday insisted it was ready to become an executive agency on April 1 as planned. Oil and Gas UK (OGUK) chief executive Malcolm Webb had earlier suggested the fledgling watchdog had decided to delay the move, which will let it start fulfilling its role formally, for some months. The establishment of a strong and well-funded regulator was one of the recommendations made in last year’s Wood Review, which made a series of proposals aimed at maximising the recovery of UK fossil fuels.

People

CHC boss nominated for Scottish director award

The Aberdeen-based leader of CHC Helicopters has been named as a finalist in the Scottish Director of the Year awards. Mark Abbey, who was recently appointed as the new co-chair of the Helicopter Safety Steering Group, has been heavily involved in the company's West North Sea regional operations. Under his stewardship, CHC has been awarded a number of contracts with oil and gas producers including Statoil and Total.

Other News

Aberdeen-Houston Gateway “a resounding success”

An Aberdeen company's expansion to Houston in the US is just another example of the strong links between the two cities, the UK Government's representative in Texas says. Consul-general Andrew Miller was speaking during a trip to the Granite City, leading a 14-strong delegation from America's oil capital for the third annual Aberdeen-Houston Gateway event. Following a visit to electrical product and service provider AEL, which opened its Houston office last year, Mr Miller said: "It is another great example of a well-established Aberdeen company which is capitalising on the business links and synergies which exist between its home city and fellow global energy industry hub, Houston.

Europe

Move the oil and gas policymakers to Aberdeen, new report says

Policymakers responsible for oil and gas industry taxation and regulation should be relocated from London to Aberdeen, a think-tank has said. Business organisation N-56 has set out a five-point action plan for the North Sea oil and gas industry in a letter to First Minister Nicola Sturgeon and UK Chancellor George Osborne.

Americas

Mexican president visits Aberdeen to discuss energy and climate change

The President of Mexico Enrique Peña Nieto arrived in Aberdeen today during a UK state visit to mark closer ties on energy issues and climate change. President Nieto was greeted in Aberdeen by Alistair Carmichael, the Secretary of State for Scotland, and escorted to the Aberdeen Town House. He was joined by energy minister Matthew Hancock and introduced to senior UK oil and gas representatives, including Shell and BP.

Europe

Maersk launch new training facility in Aberdeen

Maersk have launched a new training facility in Kingswells, providing additional training opportunities to oil and gas workers in Aberdeen. Launched this week, the centre aims to complement the training facilities that already exist in the north-east, including the survival centre in Portlethen and the boat training facility in Stonehaven.

Other News

Mexican President in visit to Aberdeen over energy sector

The President of Mexico will visit Aberdeen today to sign a memoranda of understanding on collaboration in the energy sector. Enrique Pena Nieto will be joined by Scottish secretary Alistair Carmichael, UK energy minister Matthew Hancock and Scotland’s external affairs secretary Fiona Hyslop on the final day of his state visit to Britain.

Markets

Motive Offshore reveal company restructure

Marine equipment specialist Motive Offshore has unveiled its plans for its company restructure and worldwide growth, following a multi-million pound investment last year. Headquartered at its 30-acre site near Banff in Aberdeenshire, Motive Offshore has been restructured as Motive Offshore Group, comprising of two key operating companies Motive Engineering and Motive Rentals, allowing the company to strengthen its offerings for clients in the UK and internationally. Motive Offshore Group chief executive James Gregg said: "The company restructure marks a pivotal time for the business as it continues to expand with an increasing portfolio of clients and workforce.

Markets

Harkand appoints new inspection manager

Harkand has strengthened its inspection division by appointing a new inspection manager in their Aberdeen office. Andrew Inglis, who was appointed today, brings more than 15 years experience in delivering subsea inspection services in the North Sea region to the role, and has previously held inspection management roles at Subsea 7 and Bibby Offshore Ltd.

Africa

Map shows regions which pose most risk to oil and gas workers

A map of the world has been created to help keep oil and gas companies updated on regions that pose the most risks to their staff. International SOS has released its Health Risk Map 2015, which helps oil companies, non governmental organisations, educational institutions and governments understand health threats around the world. For Aberdeen-based oil companies in particular, it helps employers ensure that their staff are safe ahead of overseas assignments.

Oil & Gas

Wood Group Kenny appoints new chief exec

Wood Group Kenny (WGK) has appointed a North Sea regional director with 20 years of experience in the oil and gas industry as their new chief executive. WGK's new chief executive, Bob MacDonald, succeeds Steve Wayman who has now become the company's new head of strategy and development. He is replacing Ali Green who will step down from his current role but will continue to provide support to the team as he transitions out of the business in 2015.

North Sea

Innovative ideas sought to combat offshore production costs at Technology Showcase

An oil and gas technology body will offer companies the chance to suggest solutions for cutting oil and gas production costs whilst nurturing production in Aberdeen next month. The Industry Technology Facilitator (ITF) will ask oil and gas firms to present innovative solutions at the Technology Showcase being held at the AECC on March 4. In partnership with Oil and Gas UK, the ITF will discuss present tech challenges in the UK continental shelf and offer them a chance to showcase their technologies. Among the presentations at the event will be "PETMiner: Increasing the speed and cutting the costs of reservoir characterisation" by University of Leeds professor, Quentin Fisher.

Oil & Gas

Mexican President to sign energy collaboration agreement on visit to UK

The Mexican president will visit Aberdeen next week to sign an energy collaboration agreement, it has been confirmed. Enrique Pena Nieto will formally announce the memoranda of understanding at a meeting with North Sea leaders in the Town House on Thursday. He will be hosted by Scottish Secretary Alistair Carmichael and Energy Minister Matt Hancock. In the afternoon, he will visit Robert Gordon University to meet academics and view a presentation on the energy sector, before viewing a demonstration of the Drilling and Advanced Rig Training Simulator.

Subsea Expo

Record numbers and international VIPs to descend on Aberdeen for Subsea Expo

Record numbers from across the global offshore oil and gas industry are expected to attend Subsea Expo 2015 in Aberdeen this week. Europe’s largest annual subsea conference and exhibition showcases the expertise and technology of a UK industry generating about £9billion in revenue annually and supporting around 60,000 jobs. More than 6,000 people are registered to attend the event, organised by trade body Subsea UK, which takes place at Aberdeen Exhibition and Conference Centre from Wednesday to Friday.