Around 1,400 UKCS wells will have to be abandoned over the next 10 years alone at a cost of £7-8billion of which the UK taxpayer will fund around half, according to Malcolm Banks, wells solution centre manager at the Oil and Gas Technology Centre (OGTC).
A collaboration between Aberdeen University and a North Sea oil firm on underwater lifting technology has been rated “outstanding” by Innovate UK.
The latest version of an innovative north-east scheme to help entrepreneurs get their businesses off to a flying start or take them on to the next level is up and running.
"We've gone from smoked salmon and caviar to baked beans on toast.
North-east offshore chemical engineering firm Aubin Group was yesterday presented with a Queen’s Award in recognition of its overseas sales growth. About 140 awards were announced this year for outstanding business achievement, with Aubin honoured for international trade. The Ellon-based company has beefed up its income from exports by more than 100% in the past three years and has expanded its client base to span 16 countries.