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The COVID-19 Pandemic is Shaking Up Energy Markets in the Western Hemisphere

The COVID-19 Pandemic is Shaking Up Energy Markets in the Western Hemisphere   The COVID-19 pandemic may be doing what persistently low oil prices couldn’t—sparking the long-awaited merger mania in the American Oil Patch. In late October, ConocoPhillips said it would buy Concho Resources in an all-stock deal worth $9.7 billion, making it the largest shale deal since the p...

OGV Energy's Europe Energy Review – November 2020

OGV Energy's Europe Energy Review – November 2020   Europe’s energy sector news over the past month featured an oil workers’ strike in Norway, a plan to make the UK a world leader in green energy, strategy updates from oil majors, and a lot of renewable energy deals. Oil & Gas France’s oil and gas major Total confirmed its ambition to get to Net Zero by 2050 and reduce emissions. Total aims to reduce the Scope 3 emissions of its European customers...

OGV Energy's Middle East Energy Review – November 2020

OGV Energy's Middle East Energy Review – November 2020   OPEC warned of a fragile economic growth recovery in the near term and pledged to be proactive in ensuring oil market stability, while countries and companies in the Middle East announced new contracts, project start-ups, and investments in oil and gas—these were the highlights of Middle East’s oil and gas scene over the past few weeks.     Global Recovery from COVID-19 is Fragile ...

OGV Energy's UK North Sea Oil & Gas Review – November 2020

OGV Energy's UK North Sea Oil & Gas Review – November 2020   A big merger deal, the prospects of UK’s oil and gas production, company strategies and operations updates marked this past month’s major news stories in the UK North Sea.     The recent massive downgrade of Hurricane Energy’s Lancaster field has prompted Rystad Energy to revise down its oil and gas production forecast for the UKCS, with output expected to never exceed...

Subsea Innovation and the Energy Transition - By Moray Melhuish

Subsea Innovation and the Energy Transition By Moray Melhuish Creating the future is a thankless task. Millions try and many fail – but true innovation inspires us, and even though we don’t always get it right, each step we take collectively as an industry is a step forward for us all.   The crucible of innovation within offshore energy has always been the oil and gas sector. With high budgets and great margins on one side of the scales and arduous conditions and s...

Bilfinger’s Core Crew knowledge is key to Decommissioning success

Bilfinger’s Core Crew knowledge is key to Decommissioning success   “If you’ve lived in your house for over 10 years, you know all the nooks and crannies and any previous repair jobs or defects. With late life assets and decommissioning, the same is true, and having experienced, asset-familiar teams working on these assets is critical to the safe, efficient preparation for heavy lift and removal.” According to Bilfinger Salamis UK Managing Director Sandy Bon...

J+S with their Legacy Locker: a circular Economy approach to the decommissioning model

J+S with their Legacy Locker: a circular Economy approach to the decommissioning model   J+S has emerged in 2020 from a management buyout of the Subsea Engineering Division of Systems Engineering and Assessment Limited, a Cohort business. The team at J+S have provided subsea engineering solutions to the Oil & Gas and Renewable Energy sectors for over 20 years and as part of the buyout chose to return to an updated version of the J+S brand name they have previously been known as....

Proteus: How to use technology to stay agile in the changing business environment

Proteus: How to use technology to stay agile in the changing business environment   The world has changed. It is now incumbent on business leaders to use technology to manage their workforce and help their organisations stay agile amidst a changing landscape. Proteus was not developed with a global pandemic in mind, however as we see most industries engaged in a race to the bottom to try and secure enough orders to see them through the next crucial year, we believe Proteus is a maj...

OMMICA: Mitigating the Operator's financial burden in challenging times

OMMICA: Mitigating the Operator's financial burden in challenging times   Life in the oil industry is a daily tussle between human ingenuity and the forces of nature requiring the application of science on many different fronts. One fascinating front is Oil and Gas Production Chemistry which attempts to control not only the output from an oil well but also the way in which oil, gas and water are separated, their preparation for shipment to the refinery, while allowing for flexi...

Artificial Intelligence: the key to successful decommissioning in the North Sea?

Artificial Intelligence: the key to successful decommissioning in the North Sea? By Ross Gardiner, Solicitor at Brodies LLP   COVID-19, a low oil price and an industry facing increased environmental scrutiny has resulted in a turbulent 2020 for the oil and gas sector. As many North Sea fields reach maturity, stakeholders will be carefully considering their options including decommissioning and diversifying the energy mix. The National Decommissioning Centre (NDC) (a partnership...

Covid-19 Risk Assessments and Return to Work Planning

Covid-19 Risk Assessments and Return to Work Planning   As non-essential offices in Scotland are expected to be given the green light to re-open imminently, many are busy working hard to ensure their offices are up to the required safety standards.   The office or workplace being returned to will be starkly different to the one that was left back in March, with employers looking to ensure that they and their employees, contractors and visitors feel safe and have a protocol to...

Serica and GDi create a Digital Twin of the Bruce Platforms

Serica and GDi create a Digital Twin of the Bruce Platforms   Serica Energy, operator of the UK North Sea Bruce, Keith and Rhum fields, has contracted Aberdeen based energy services company GDi to create a digital twin of its Bruce platforms and facilities. A full laser scan of the Bruce platforms is almost complete and GDi will use its software, GDi Vision, to create a high density virtual platform that can be utilised by people onshore to do a number of tasks normally performed offs...

An opportunity not to WASTE

An opportunity not to WASTE   What happens to the waste metal left over following the decommissioning of large-scale offshore structures? Who takes responsibility for it and where does it go? And, why should we care? You’d be forgiven if you hadn’t heard of a circular economy, but it won’t be through the lack of John Lawrie shouting about it. For those of you still in the dark, a circular economy is one whereby the material, products or goods that are currently in...

The future is now for decommissioning

The future is now for decommissioning   Sustained lower oil prices, further impacted by the COVID-19 pandemic, have placed decommissioning firmly on the plans for operators and service companies in the oil and gas industry. In many parts of the world, decommissioning is increasingly seen as a normal part of business, sitting alongside exploration, new field development and in-field investment. The opportunities in decommissioning are significant. The emerging global decommission...

Oil & Gas Decommissioning: Challenges & Opportunities

Oil & Gas Decommissioning: Challenges & Opportunities   As oil and gas fields around the world mature, the industry faces increased work in decommissioning—the safe plugging and abandonment of wells and the removal of the platforms that have reached the end of their productive life. In the North Sea, one of the world’s most mature offshore production basins, decommissioning will be a major industrial challenge, as well as opportunity for the UK industry, over th...

Part of the U.S. burns, part floods, as Exxon Mobil doubles down on fossil fuels

Part of the U.S. burns, part floods, as Exxon Mobil doubles down on fossil fuels   America’s biggest oil company is in big trouble, and its struggle reflects a widening gap in the U.S. oil patch over how quickly the country will shift from fossil fuels to renewables. It’s been a rough year for Exxon Mobil, which reported back-to-back quarterly losses and which in August was ousted from the Dow Jones Industrial Average, America’s preeminent stock market index, afte...

“The View from Down Under” Energy Update from Australia – October 2020

“The View from Down Under” – October 2020   Greetings from Perth in the depths of what passes for Winter in these parts.   Those of us who are fortunate to live in Western Australia are anxiously watching our compatriots in Melbourne as they endure another lockdown. Thankfully at the time of writing the spike of the 2nd wave appears to be on a downward trend.   Enquiries are taking place at the moment as to how this outbreak got so out of contro...

Toyota announces hydrogen transport partnership projects to develop fuel cell trucks and trains

Toyota announces hydrogen transport partnership projects to develop fuel cell trucks and trains   Toyota is extending its research and development of hydrogen-fuelled transport beyond cars to heavy-duty trucks and trains, working with partners in North America and Japan, making further progress towards a hydrogen-based society. Toyota and Hino join forces to develop a Class 8 Fuel Cell Electric Truck (FCET) for North America providing heavy duty transport with clean emissions Wi...

OGV Energy's Europe Energy Review – October 2020

OGV Energy's Europe Energy Review – October 2020   Innovative offshore logistics operations, the UK and European Union’s paths to net zero, and green energy commitments from major oil and gas firms were the highlights of the past month in European energy.     Oil & Gas Norway’s Equinor completed the world’s first logistics operation with a drone to an offshore installation. In this operation, a drone flew a 3D-printed part for the l...

Well-Safe Solutions: Three years of progress

Well-Safe Solutions: Three years of progress By Matt Jenkins – COO at Well-Safe Solutions   Well-Safe Solutions launched in August 2017 with a clear vision “To be the trusted well decommissioning service partner of choice” Since then, we have steadily built towards that vision with a business model that allows complete flexibility to operators needing to plan or execute their well decommissioning projects. What we have now added, is real scale to our capabil...
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