Renewable energy supply chain companies in Scotland need to level up their capabilities if they’re going to compete on a global scale, according to the developer behind the Kincardine Offshore Floating Wind Farm.
Neil Sims is encouraged by the “horsepower” that’s being put behind the sector’s new sector deal application.
The Oil and Gas Authority (OGA) has pitched a £100m loan fund to the UK Government to stimulate North Sea decommissioning activity.
Oil and Gas UK’s (OGUK) supply chain manager has left the trade body to join John Crane group.
Disruption to the North Sea supply chain is the “biggest threat” for a spike in offshore decommissioning costs, according to bosses at Spirit Energy and Petrofac.
Forecasts for North Sea decommissioning spending over the next two years have been cut by half a billion pounds by Oil and Gas UK (OGUK).
Efforts to reduce the UK's offshore decommissioning bill last year were "largely negated" by 5% of operators who increased their costs by £1billion, according to the Oil and Gas Authority (OGA).
A UK boss of Petrofac has warned the North Sea supply chain “cannot afford for bad practices to creep in during this moment of crisis".
Ian Diggory, a 40-year industry veteran and principal consultant for Rosen UK, formerly of Macaw Engineering, discusses supply chain issues relating to the North Sea energy sector.
UK oil supply chain firms are diversifying into non-energy sectors due to Covid-19 and low commodity prices, according to a new report.
How can the supply chain seize emerging business opportunities as our industry transitions towards a lower carbon economy?
A Scottish trade union boss has accused Holyrood of “surrendering” in its fight to win local renewables jobs from big North Sea offshore wind projects.
The UK head of Aker Solutions has called for more “clarity” over how North Sea supply chain firms will fit into the energy transition.
Oil and gas operators are “much more likely” to break contracts, change suppliers or alter prices than service firms in response to the downturn, according to a new study.
UK decommissioning activity is expected to increase due to the effects of Covid-19, but threats to jobs and the longevity of skilled SMEs will impact the “capacity and capability” to carry it out.
The Oil and Gas Authority (OGA) has slammed “poor behaviour” in the North Sea supply chain, with firms facing demands to cut rates as much as 40% “overnight”.
Asymptomatic testing will be the key “ask from government” to help get thousands of people back to work in the North Sea, according to an industry boss.
The upstream supply chain “faces the very real threat of collapse”, a new report from Wood Mackenzie has warned, setting the industry on the path of another crisis as demand recovers.
As cases of the coronavirus (COVID-19) increase around the world, industry continues to experience the effects. In particular, Chinese manufacturers in some areas have stopped operations due to factory shutdowns which in turn is starting to affect supply chains. As lead times catch up with supply constraints we expect this to become problematic in the weeks to come.
In March last year one of the most charismatic figures to hold office as an energy minister in the UK became chairman of the Oil and Gas Authority (OGA).
The North Sea oil industry has been in transition for some years following the collapse of oil prices in late 2014. Large cost reductions have been painfully achieved. Production has increased due to a combination of new fields coming on stream plus a substantial increase in production efficiency to around 75%. But new field investment expenditure has fallen dramatically since 2015 and exploration remains at a relatively low level reflecting principally the maturity of the province as well as oil and gas prices far below their pre-2015 levels.
It’s no secret that the global decommissioning market is hotting up. With enormous opportunities in the pipeline, contracts are being rolled out across the globe over the next 12 months.
An oil firm director has said that the supply chain is still too big in places and may have to “shrink” to become more efficient and robust.
North-east firm Boskalis Subsea Services (BSS) said yesterday its rapid growth was creating new opportunities for the supply chain.
May 2019 marked the 50th anniversary of the Offshore Technology Conference (OTC) in Houston. While attendance figures may not be as high as in previous years, the event still provides a useful barometer for sentiment and activity across the oilfield service (OFS) industry.