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Latest news - Features

OEG Renewables: Ensuring a Sustainable Energy Future

OEG Renewables: Ensuring a Sustainable Energy Future   OEG Renewables has positioned itself as a key player in the provision of specialist topside, subsea and marine services on major offshore wind projects globally, expanding its operating footprint and range of services to pursue the company’s ambitious growth strategy. Formed in 2023 OEGRenewables,part of theOEG EnergyGroup with a 50-year heritage and a global operating footprint across 60+ countries,is a global offshore r...

Mermaid Subsea Services UKcommences North Sea decommissioning contract for major UK operator

Mermaid Subsea Services UKcommences North Sea decommissioning contract for major UK operator   Mermaid Subsea Services UK recently got the ball rolling on a decommissioning contract in the North Sea for a major UK-based operator, marking the latest milestone in the history of the rapidly growing company. The contract involves the recovery of structures, concrete mattresses, grout and miscellaneous other debris, and further solidifies Mermaid’s growing reputation for decommiss...

JBS Group’s Sea Axe: a smart approach for subsea excavation

JBS Group’s Sea Axe: a smart approach for subsea excavation   JBS Group, established in the market as a provider of innovative solutions, has experienced a rise in global demand for its Sea Axe controlled flow subsea excavation technology – a testament to the solution’s award-winning status. The environmentally-friendly system stands out for its compact design, small deck footprint – 8m x 10m – and safe deployment from a vessel’s A-frame or crane...

The Subsea Sector Looks Aheadto 2024 with Optimism

The Subsea Sector Looks Aheadto 2024 with Optimism   The offshore energy industry and the subsea supply chain sectorhad a mixed bag of fortunes in the past year, as offshore oil and gas showed it has made a comeback while offshore wind faltered amid soaring costs, supply chain issues, and project cancellations. This year, the offshore upstream is set for further growth while the prospects for offshore wind look brighter as interest rates have likely peaked and governments, includin...

Brimmond: the go-to for marine cranes in decom and beyond

Brimmond: the go-to for marine cranes in decom and beyond   Following a £750K investment, Brimmond now boasts one of the largest rental fleets of high-capacity marine cranes in the UK. Combined with the growth of our team of specialist technicians, this expanded capability has seen us working on an increasing number of excitingcross-sector projects in recent months. RRS Sir David Attenborough We are delighted to continue to support the RRS Sir David Attenborough - one of t...

Positioning for Growth – survey & robotics feature article

Positioning for Growth – survey & robotics feature article   Phil Middleton Ashtead Technology’s Head of Survey & Robotics joined the company in May 2022 to further strengthen existing capability across Ashtead Technology’s core markets and drive forward our ambitious growth strategy. Now almost two years into the role, Phil shares his thoughts on Ashtead Technology’s world-class technology portfolio & expertise and how through continued investment...

Middle East Review

Middle East Review   The threat to international shipping in the Red Sea from attacks on vessels bound for the Suez Canal has grown in recent weeks and cargo shipping firms and international oil majors have been on edge since attacks from the Iran-aligned Houthi rebels intensified in the middle of December. Threat to Shipping throughthe Red Sea UK oil supermajor bp said in December it was pausing all shipments through the Red Sea following the spate of attacks on commercial vess...

US Oil & Gas Review

US Oil & Gas Review   Oil and gas activity in the Permian basin remained unchanged in the fourth quarter while most companies in the biggest US oil-producing basin expect little change in their capital spending for 2024 compared to 2023, the latest Dallas Fed Energy Survey showed.   The US Administration received high bids in the US Gulf of Mexico lease sale in December 2023, in what could be the last oil and gas lease sale until 2025. US oil and gas industry associatio...

Europe Energy Review

Europe Energy Review   New oil and gas discoveries offshore Norway, a new wind power record in the UK, and a lot of green energy projects and deals featured in Europe’s energy sector at the end of 2023 and early 2024. Oil & Gas Neptune Energy and its partners announced in December a new discovery at the Kyrre prospect and confirmed the volumes for the Ofelia appraisal well, both located in the PL 929 licence, close to the Gjøa field in the Norwegian sector of th...

UK North Sea Review

UK North Sea Review   The opportunities ahead for the UK offshore workforce in the energy transition, a large proposed acquisition, new discoveries, and drilling and service contracts featured in the UK North Sea oil and gas industry at the end of 2023 and the start of 2024. Offshore Energies UK (OEUK) published in December its Workforce Insight 2023 report, in which it said that the North Sea energy workforce offers an unrivalled pool of skilled oil and gas specialists that must b...

Q&A Feature: Positioning for Growth

Q&A Feature: Positioning for Growth   Phil Middleton Ashtead Technology’s Head of Survey & Robotics joined the company in May 2022 to further strengthen existing capability across Ashtead Technology’s core markets and drive forward our ambitious growth strategy. Now almost two years into the role, Phil shares his thoughts on Ashtead Technology’s world-class technology portfolio & expertise and how through continued investment in our survey & robotics...

UK North Sea Oil & Gas Review

UK North Sea Oil & Gas Review   The licensing policy for oil and gas exploration areas, expectations on well decommissioning and carbon storage, as well as field development updates featured in the UK North Sea oil and gas industry in the past weeks. The UK government continued with moves under its pragmatic and realistic approach to the country’s energy transition by confirming new licensing opportunities for oil and gas exploration and production in the North Sea. Th...

Reducing decommissioning costs through early wells engagement

Reducing decommissioning costs through early wells engagement The early resourcing of decommissioning projects with expert wells personnel is a key factor in reducing project costs, advocates industry expert Julie Copland. The head of decommissioning and low carbon at Elemental Energies, a leading global provider of wells-focused engineering, project management and consulting services, says engaging with expert wells teams during the earliest planning phases of well P&A and major deco...

Oil & Gas Decommissioning Could Be A Massive Business Opportunity

Oil & Gas Decommissioning Could Be A Massive Business Opportunity Decommissioning of oil and gas platforms in the UK North Sea is a “massive opportunity” for the UK supply chain to keep developing skills and experience to win lucrative contracts overseas, the UK’s oil and gas regulator says. As oil and gas fields in mature basins such as the North Sea approach the end of their production life, heavy-lift contractors, ports, and the numerous services firms in the supp...

Effective decommissioning campaigns hinge on the pivotal role of lump sum cost modelling

Effective decommissioning campaigns hinge on the pivotal role of lump sum cost modelling   With approaching deadlines for net zero targets, energy companies are transitioning into new areas in order to continue supply of commodities to the market. In this light, decommissioning is becoming increasingly important. However, to overcome the execution barriers, lowering the cost for wells that need to be plugged and abandoned calls the shots for the investment decision. Despite our ind...

CCUS to play a critical roleinmeeting global net zero targets

CCUS to play a critical roleinmeeting global net zero targets By Jason Hendry, director of Aberdeen Renewable Energy Group (AREG) and managing director for England andrenewables strategy, Peterson Energy Logistics By 2050, the UK is legally required to reduce its greenhouse gas emissions by 100% from 1990 levels and a vital component of this ‘net zero’ target will be the development of Carbon Capture and Storage (CCS)technologies. The emission reduction technology has been...

TMM RECRUITMENT AND X-ACADEMY JOIN FORCES

TMM Recruitment and X-Academy join forces Recruitment experts delivered Transition to Work skills to xccelerators   North-east recruitment firm, TMM Recruitment, recently teamed up with X-Academy to deliver the final module of itstwo-year program to the first cohort of xccelerators. The career-based sessions aimed to equip the xccelerators with the skills they need to transition to work. X-Academy focuses on developing skills and delivering jobs across the energy transition, for...

$12 Million Contracts As Market Leader Uplevels Middle East Presence

$12 Million Contracts As Market Leader Uplevels Middle East Presence   An international leader at the forefront of next generation creative solutions for the oil and gas completions market is celebrating the first anniversary of a key Middle East partnership with technology and energy group,Sawafi Al-Jazeera Oilfield Products and Services Co. (Sawafi). Aberdeenshire-based Vulcan Completion Products (VCP) has marked the significant milestone by announcing that the company has recent...

US Oil & Gas Review

US Oil & Gas Review   Mergers and acquisitions in the top oil-producing shale play, reduced areas for federal lease sales, record oil and gas output levels, and higher reinvestment rates in the US shale patch were the highlights in the US oil and gas industry over the past few weeks. Shale Reinvestment Rate at Three-Year High The reinvestment rate of US shale oil producers hit its highest level in three years in the second quarter of 2023, Rystad Energy research showed at th...

Europe Energy Review

Europe Energy Review   Increased oil and gas investments and production starts in Norway, the UK’s latest clean energy auction, and a number of renewable energy projects featured in the European energy sector in the past month. Oil & Gas Investments in Norway’s oil and gas industry are expected to reach a record-high of around 225 billion Norwegian crowns (US$21 billion) this year, as several key projects have been approved in recent years, driven by the country&...
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