Global energy demand has been rising inexorably for well over 30 years – from around 8 billion tonnes of oil equivalent in the early 1990s to nearly 14 billion tonnes of oil equivalent today. The rate of increase was 2-3% per annum until 2000 but accelerated to nearer 5% per annum since then as large populations in China and India got wealthier.
The Oil and Gas Innnovation Centre (OGIC) has joined forces with Aberdeen University to develop £1.3million of new offshore drilling technologies.
The industry is still just “scratching the surface” of what can be achieved through greater access to data.
There is a burgeoning sense of optimism sweeping the sector and the market feels much stronger than it did 12 months ago. The industry is definitely starting to recover and rebuild itself following three years of weak prices and significant cost pressures.
An event devoted to flow measurement is coming to Aberdeen for the first time in its 30-plus year history.
The former operations director of trade body Oil and Gas UK (OGUK) was handed a top accolade for significant contribution to the industry at an awards ceremony in Aberdeen last night.
Enterprising students studying oil and gas related subjects have been awarded £20,000 in bursaries.
Will 2017 be the turnaround year for the upstream oil and gas industry? In terms of the industry learning to embrace innovative technology and the potential for this technology to deliver transformational operational and financial performance benefits – then I say yes!
The Oil & Gas Innovation Centre (OGIC) in Aberdeen is supporting the development of a new concept for well intervention developed by city-based downhole specialists Well-SENSE Technology.
The head of the Oil and Gas Innovation Centre has said the challenge of getting technology into oil field remains a huge challenge, despite the benefits innovative products and techniques could offer the cash strapped industry.
The Society of Petroleum Engineers (SPE) Offshore Achievement Awards will be presented at Aberdeen Exhibition and Conference Centre on Thursday March 17. SPE Aberdeen branch director Ian Phillips looks forward to another chance for the oil and gas industry to shine.
The Society of Petroleum Engineers (SPE) Aberdeen section has elected Ian Phillips, chief executive of the Oil and Gas Innovation Centre (OGIC), as chairman.
There is no denying that the UK oil and gas industry is in the throes of a difficult year. The sudden and unexpected drop in oil prices has resulted in very difficult times for all UK continental shelf (UKCS)-related projects, creating uncertainty for North Sea operators, service companies and all those who work in the supply chain.