In an industry faced with an unprecedented level of turmoil due to the compounding events of the COVID-19 pandemic and the collapse of Oil & Gas commodity prices, one thing is for sure; Asset Integrity & Reliability remains as, if not more important than ever. Beyond the regulatory requirements of operating Oil & Gas facilities, the simple truth is that safe and sustained production is the difference between success and failure, or in Oil & Gas parlance; Late Life or CoP.
2019 has been an eventful year where further major hydrocarbon releases and events have occurred, proving we cannot afford to take our attention off other major accident hazards.
In 2017, the North Sea lost out on 14.7 million barrels of oil due to asset integrity issues. That equates to roughly $926m at today’s oil price.
Permasense has installed its corrosion and erosion monitoring system in the North Sea for the first time.
Oilfield services specialist Rigmar Group is expanding its international operation with the opening of a new office in Abu Dhabi.
Ensuring the asset integrity of ageing North Sea assets can ensure they remain productive longer than previously intended the Topsides UK conference heard today.
Aberdeen engineering specialist Xodus Group has launched a new asset lifecycle tool at Subsea Expro aims to help oil companies asset integrity issues.
Asset integrity specialist Stork has secured a three-year extension on its global frame agreement for equipment surveillance services with an unnamed international operator.
Great Yarmouth-based 3 Sun Group has launched a new asset integrity service for on and offshore structures in the oil & gas and renewables sectors.
OIL and gas recruitment firm OIE Services has set a target to more than double its turnover next year.