Digital technology will be key to helping the oil and gas industry ride out a “perfect storm” of challenges facing its future, the audience heard at an event in Aberdeen last night.
Oil and Gas Technology Centre
BP has set itself a challenge of creating five “unicorn” companies - valued at more than $1 billion - in the next five years to address the “dual challenge” of supplying more energy with fewer emissions.
Since its foundation in 2016, asset integrity management firm IMRANDD has grown from a start-up to become a well-recognised player in the oil and gas sector.
As momentum grows for Vision 2035 and the energy industry strives towards net zero, it is widely recognised that a key part of achieving this will be through the existing workforce; retaining and retraining will create a more flexible, multi-skilled and technologically-aware workforce.
A consortium is seeking additional partners to advance an Orkney project aimed at converting North Sea platforms into hydrogen producers.
In just four years, Ardent Global has evolved from being solely focused on emergency management services and wreck removal to a company that has also expanded into the offshore decommissioning and the subsea sector.
With a decommissioning bill currently estimated at around £50 billion for the UKCS alone, the pressure is on to get the job done for even less – and smarter.
North-east oil and gas doyen Sir Ian Wood says Aberdeen could be the energy capital of the world – but only if political leaders show more commitment to making it happen.
French energy giant Total has said a new tool developed in Aberdeen represents a “significant opportunity” to slash its $14.3bn (£11.6bn) global decommissioning bill.
A fledgling oilfield equipment company has secured funding to help it develop blowout prevention technology which could save operators millions of pounds per well -- and prevent loss of life.
The oil and gas industry’s “unique characteristics” are blocking the adoption of new technology, a new study of psychological factors said.
The Energy Institute’s branch for Aberdeen, Highlands and Islands has appointed its first ever woman chairperson.
The finalists of the 2019 Press & Journal Gold Awards were selected after several hours of debate and discussion by a panel of industry leaders yesterday in Aberdeen.
UK oil chiefs believe their “vision” for the future can play a crucial role in tackling one of the biggest challenges ever faced – the energy transition.
Aberdeen has lost its focus on being the energy capital of Europe, it has been claimed.
A group of Scotland-based economic development enterprises have vowed to play a major role in the energy transition.
A new initiative will save the UK oil and gas industry up to £250 million a year by streamlining the equipment procurement process.
An Aberdeen man who spent nine months in prison after getting mixed up with drug dealers is determined to make his second chance count.
A key player behind the oil and gas sector deal yesterday called for more “urgency” in implementing the proposals.
A new research base with the tools to transform the UK into a global leader in oilfield demolition has opened in a tiny Aberdeenshire village.
2018 saw us celebrating the successful culmination of The Oil & Gas Technology Centre’s (OGTC) inaugural technology accelerator programme, TechX Pioneers.
The downturn in the oil and gas industry has been well documented but the upside – and there is one - has been the incredible amount of work that is taking place in Aberdeen in supporting and nurturing a new generation of tech start ups who have the potential to ensure the UK has a sustainable hydrocarbon industry for years to come.
The oil industry will get an update on its bid for a money-spinning sector deal in “weeks, not months”, the UK’s energy minister said yesterday.
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).
Onshore oil and gas production would be a “powerful addition” to Scotland’s “portfolio”, an industry veteran said.