ONS 2016: Shell’s Ben van Beurden calls on industry to be “contrarian in the room”
Shell's chief executive Ben van Beurden called on the industry to be the "contrarian in the room" and speak the "undeniable truth" about energy's future.
ONS
ONS 2016: Denholm MacNamee moves into Norway
Denhom MacNamee has expanded into the Norwegian Congenital Shelf.
ONS: More work to do to meet sustainability targets, says DNV GL
More work has to be done to meet sustainability targets, according to DNV GL's chief executive.
ONS 2016: Scottish delegation swells by a quarter
The number of Scottish oil and gas companies attending Offshore North Seas (ONS) has gone up by a quarter.
ONS 2016: “Steady and predictable” Norway launches 24th licensing round
The Norwegian prime minister has vowed to maintain a “steady and predictable” petroleum policy after launching the country’s 24th licensing round.
ONS 2016: Eldar Saetre says industry has just “scratched the surface” of succeeding in low oil
Industry has just “scratched the surface” of what is possible in a low oil price, Statoil’s Eldar Saetre said.
ONS 2016: An industry in transition
A large number of businesspeople from the north-east have crossed the North Sea to attend the biennial Offshore Northern Seas (ONS) show, which gets under way in Stavanger, Norway, today.
ONS 2016: North Sea operators put minds to decommissioning task
North Sea operating companies are slowly coming round to the idea that the spectre decommissioning is not going to vanish, an industry chief said.
Opinion: A lot of water has passed under the bridge since ONS 2014
Norway’s biggest oil show, ONS, describes itself as an exhibition, conference and festival.
Opinion: The transition starts at ONS 2016
The ONS Conference is a world-leading oil, gas and energy fora, and gives delegates a sneak peek into the future of the energy world. At ONS 2016 we will lay the foundation for a successful transition to the new market situation - through debates, discussions, and with insight of our prominent speakers.
ONS 2016: Blaze Manufacturing strikes deal with Norway firm
Blaze Manufacturing has formed an alliance with Norwegian firm Vinje Inustri AS to offer its technology to the sector’s aging platforms.
Blaze Manufacturing Solutions launches advanced flexible pipe system at ONS
A leading provider of fire control and safety solutions has launched its new flexible pipe solution at this year’s ONS Exhibition and Conference.
ONS 2016: Aberdeen city and shire councils to showcase north-east prowess
Aberdeen city and shire councils will showcase the north-east’s business prowess and hospitality at an international conference in Norway next week.
ONS 2016: NASA added to conference line-up
US Space Agency NASA will be at this year’s ONS event in Norway.
ONS: Beating the crisis….building for the future
Two years ago during Offshore Northern Seas, the oil price was falling, having dropped to around $100 compared with just short of $115 on June 20, 2014.
ONS pulls out stops despite expected decline in attendance
The organisers of an oil and gas trade show in Stavanger are expecting a slight decline in the number of attendees at the biannual event this year due to the effects of the low oil price.
Low carbon economy sustains 238,500 jobs across UK
The low carbon economy is worth £46.2 billion and sustains 238,500 jobs, official figures show.
North Sea profitability hits almost 20-year low, says ONS
The profitability of the North Sea has hit a 20-year low according to new data released by the UK Government.
North-east councils urge firms to get involved in ONS
Aberdeen City and Aberdeenshire councils have teamed up to promote opportunities for north-east firms at the Offshore Northern Seas (ONS) exhibition, conference and festival in Stavanger, Norway, in August.
ONS says North Sea oil helps boost overall industrial production
A rise in oil production from the UKCS has helped to increase overall industrial production, according to new figures.
ONS 2016 gearing up to be biggest show yet
ONS has sold more exhibition space ahead of the event next year than it did for the whole show in 2014. Shows organisers said the growing interest in ONS, which takes place in Norway, has been led by a desire for more collaboration in order to meet the industry’s current challenges. The news comes after a number of exhibitors – including BP – opted out of exhibiting at Offshore Europe in Aberdeen amid the decline in oil price.
ONS Norway event cancelled after oil price decline
ONS Norway has been cancelled. The Stavanger-based ONS Foundation blames low oil prices, low activity and great uncertainty in the industry have meant that too few exhibitors have registered for the show, which was to have been staged in August, just weeks before Offshore Europe. The foundation said that the exhibitor registration was good until early in the year before it stagnated. There have also recently been a number of cancellations by companies that are struggling. “Too few exhibitors means that we cannot create a meeting place with the famous ONS quality that exhibitors expect and deserve. We must take the consequences,” said CEO Leif Johan Sevland, a former mayor of Stavanger.
Economists predict potential negative inflation as oil price drops
Inflation has tumbled to its lowest level on record as sliding food and petrol prices plus subdued utility bills helped provide what was described as a “giant tax cut for the economy”. The Consumer Price Index (CPI) measure of inflation fell to 0.5% in December, equal to the rate in May 2000 which has not been lower since CPI records began in 1989, official figures showed. Economists said that the continued plunge in the oil price meant it was likely to fall further and that brief period of negative inflation was “not entirely out of the question”.
ONS: Increased brownfield investment set to boost Norwegian reserves
More than half of the £120billion due to be invested in the Norwegian North Sea in the next decade will be spent boosting oil recovery from existing fields, according to new analysis prepared for ONS 2014.