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OGV Energy's US Energy Review – January 2023

OGV Energy's US Energy Review – January 2023   US petrol prices dropped in early December to below the levels seen a year ago with the slide in international crude oil prices to below $80 per barrel—the lowest level in a year. Higher refinery utilisation levels and slowing demand have also contributed to the lower prices at the pump for American consumers. Next year US retail petrol prices would average about $3.50 per gallon, the US Energy Information Administratio...

OGV Energy's Middle East Energy Review – January 2023

OGV Energy's Middle East Energy Review – January 2023   The OPEC+ group left their target production level unchanged amid many uncertainties in the oil market, OPEC didn’t make material changes in its estimates of global oil demand growth, while the biggest oil and gas firms in the Middle East made major announcements and signed landmark deals in December. OPEC+ Sticks To Cautious Production Policy During the last meeting of the OPEC+ alliance for the year, the g...

Well Management and Well Services

Well Management and Well Services      The reshuffled global energy order and the energy crisis of the past year have made clear that oil and gas well management and well services and the supply chain providing those to producers are set to play an increasingly important role in global energy supply. The industry is set for a rise in well drilling, servicing, and decommissioning globally and the UK, as governments have shifted their focus to ensuring enough energy s...

Well-managed decommissioning - Effective well decommissioning is a cornerstone of responsible well management, writes Well-Safe Solutions’ Chief Operating Officer, Matt Jenkins.

Well-managed decommissioning - Effective well decommissioning is a cornerstone of responsible well management, writes Well-Safe Solutions’ Chief Operating Officer, Matt Jenkins.   Did you know that well decommissioning accounts for 48% of the £1.97bn earmarked for total decommissioning spend in the North Sea in the last year? While the decommissioning industry builds significant scale here in the North Sea, the eyes of the world are now upon the UKCS as one of the world...

THREE60 Energy Well Integrated, Better Energy Together

THREE60 Energy Well Integrated, Better Energy Together   THREE60 Energy is beginning 2023 with strong growth following its acquisition of Fraser Well Management, a well and pipeline operator and well management specialist. The acquisition broadened the company’s well credentials and led to THREE60 Energy becoming one of only two companies that can undertake the role of outsourced duty holder (installation operator), pipeline operator and well operator across the asset life cy...

"DigitiSing the Wellbore” Reshaping The Oil Industry

"DigitiSing the Wellbore” Reshaping The Oil Industry   Chemical Tracer Systems in conjunction with trend profiling represent a technology to digitise the wellbore to enable zone-specific well event processing, exception-based well surveillance and continuous monitoring for optimised oil production. Reshaping the oil industry – Digitalisation Digitalisation is gaining increasing attention and focus among oil industry companies where the aim is to digitise all el...

Safety by Design - game-changing approach recognised by industry experts

Safety by Design - game-changing approach recognised by industry experts   RenewableUK speaks to Andrew Saunders of Equinor about their ‘safety by design’ concept for the world’s largest offshore wind farm. Dogger Bank Offshore Wind Farm has already accomplished several milestones. It is the largest offshore wind farm in the world. It is the first wind farm in the UK to utilise HVDC technology. The project is also the first around the globe to install the 13MW and...

Subsea Expo 2023 Into the Blue

Subsea Expo 2023 Into the Blue February will see the return of Subsea Expo, the world’s largest subsea exhibition and conference   Organised by industry body Global Underwater Hub, the three-day event is a showcase of the capability, innovation, technologies and skills that exists across the underwater industry. Taking place at P&J Live in Aberdeen, Scotland, from Tuesday, 21 until Thursday, 23 February, the free-to-attend event will welcome up to 6,500 industry profes...

Services North Sea Oil & Gas

Services North Sea Oil & Gas By Charles Livingstone, partner, and Olivia Coyle, solicitor, Brodies LLP An e-merging pattern of heightened regulatory scrutiny?   Introduction Mergers involving UK oil and gas supply chain services may face heightened regulatory scrutiny as a result of the CMA's particular interest in highly concentrated markets. Markets within the sector often comprise only a few key competitors, meaning that deals are more likely to fall under the CMA...

OGV Energy's UK North Sea Energy Review - January 2023

OGV Energy's UK North Sea Energy Review - January 2023   Plans by North Sea operators to review investments in the UK after the hike in the Energy Profits Levy, meetings of the industry and government on energy security and investment, strikes on offshore platforms, and several contracts for field upgrades featured in the UK North Sea oil and gas industry over the past month. Oil and gas industry leaders and the UK government met at the end of November at the North Sea Transiti...

The Social Strategist - What does your 2023 Digital commercial strategy look like?

The Social Strategist - What does your 2023 Digital commercial strategy look like?   At many points in my career, I’ve been involved in the management of risk. From task-based to business risk. I’ve found the process of identifying, assessing, and mitigating risk, fascinating through the years. The mere fact that good risk assessment and management saves lives, reduces waste, lowers cost and saves time is impressive enough but, the mindset and process also encoura...

EXCEED - Leading the Energy Transformation

EXCEED - Leading the Energy Transformation 2022 has literally been a transformative year for well management specialist, Exceed.   Growth and Recognition The Aberdeen-headquartered company has reported a 40% growth in revenue during 2022, to £20millon. And as it continues to implement a long-term strategy to diversify and internationalise, Exceed is fast becoming the global leader in integrated well and reservoir management for the Energy Transition, attributing 60% of the...

QHSE Aberdeen celebrates 7th anniversary with key promotions

QHSE Aberdeen celebrates 7th anniversary with key promotions   A leading provider of professional advice and consultancy services, QHSE Aberdeen, has celebrated its 7th anniversary by announcing two key promotions to equip the business for future growth. Established in December 2015, the company has gone from strength to strength with the size of its team more than doubling in the past 18 months and a move to larger office space in Westhill. Increased demand has now led to two i...

PEOPLE IN ENERGY - Ruth Cameron, Director, Energy Resourcing

PEOPLE IN ENERGY - Ruth Cameron, Director, Energy Resourcing   Ruth has led the Energy Resourcings UK operations for around two years, since the consolidation of Primat Recruitment and Energy Resourcing in 2021. Ruth’s career started over sixteen years ago in the people function within the Aberdeen business, supporting project teams across the business’s portfolio in O&M, Engineering, Construction, holding positions in Global Mobility, People Operations, Recruitment an...

Global Offshore Wind 2022 - Winners Recognised

Global Offshore Wind 2022 - Winners Recognised   For the Inaugural Global Offshore Wind Awards The first Global Offshore Wind Awards took place in October this year, presented by the industry’s leading renewable energy association – RenewableUK. The Awards were an opportunity to recognise organisations and individuals for their outstanding contributions to the sector, celebrating achievements and inspiring others to innovate for the future. Dan McGrail, CEO of Renewa...

SEABASS from James Fisher Decommissioning

SEABASS from James Fisher Decommissioning   James Fisher Decommissioning have a vision to be the go-to well abandonment and decommissioning partner to our clients, delivering a full range of services and equipment across decommissioning project life spans – from plugging and abandonment to pipeline clearance and structural removal. An exciting development in this space is the launch of our vessel based subsea well abandonment tool SEABASS. SEABASS is a revolutionary, singl...

Change is inevitable. Change is constant.

Change is inevitable. Change is constant.  Laura Petrie, Parnter, Brodies.   In the late 19th century Benjamin Disraeli stated that change is both constant and inevitable, and it has never been a truer statement than today when considering the UK energy industry. The more things change, the more they stay the same? However, as we move into 2023, none of the changes and challenges being faced in the current market are new. The industry has come through wars in the 1980s...

OGV Energy's Europe Energy Review – December 2022

OGV Energy's Europe Energy Review – December 2022   Oil and gas field developments offshore Norway, the UK windfall tax on low-carbon electricity generators, and many low-carbon energy deals marked the last month in Europe’s energy sector. Oil & Gas Norway’s Equinor and its partners in the Wisting prospect in the Barents Sea have decided to postpone the investment decision scheduled for December 2022. The maturation of the project continues, aiming for...

OGV Energy's US Energy Review – December 2022

OGV Energy's US Energy Review – December 2022   US oil and gas producers and refiners reported strong third-quarter results, drawing renewed criticism from President Joe Biden, while inventories of distillate fuel in America are at their lowest in decades just as the winter heating season begins, and US oil supply growth could be lower than earlier estimates.      US President Criticises Record Oil & Gas Earnings President Biden said at the end...

OGV Energy's Middle East Energy Review – December 2022

OGV Energy's Middle East Energy Review – December 2022   OPEC published its annual report with estimates of global energy demand through 2045 and it cut again its demand growth outlook for this year and next, while the largest state oil and gas firms in the Middle East signed major contracts to expand their production and processing capabilities.   OPEC Lowers 2022-2023 Oil Demand Growth Estimates OPEC again revised down its global oil demand growth for this year...
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