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OGV Energy’s UK North Sea Oil & Gas Review – June 2020

OGV Energy’s UK North Sea Oil & Gas Review – June 2020   The COVID-19 pandemic and its impact on the UK offshore oil and gas industry continued to be the main topic and concern in the sector over the past month. In late April, OGUK, the leading representative body for the UK’s offshore oil and gas industry, warned that up to 30,000 jobs could be lost in the indu...

OGV Energy’s Middle East Energy Review - June 2020

Middle East Energy Review - June 2020   The Middle East region, home to a large part of global oil and gas reserves and production, is currently experiencing a double-blow of the COVID-19 pandemic and low oil prices. The biggest oil producers in the region have pledged to reduce their crude oil production as part of a new OPEC+ deal to rebalance the oversupplied oil market. But the crash in oil prices and the uncertain recovery in global oil demand and international oil prices are...

Field testing of methane monitoring technologies

Field testing of methane monitoring technologies   Over 1000 sites in Texas and New Mexico have been used to conduct field trials of a number of emerging methane detection technologies, including satellite and aerial surveillance monitoring to further reduce methane emissions. The field tests conducted by ExxonMobil are evaluating a range of next generation detection technologies and scalability of that in addition to satellites use drones, planes, helicopters, ground-based mobile...

Flow Batteries: The Future of Energy Storage?

Flow Batteries: The Future of Energy Storage?   Flow batteries with longer lives than lithium-ion batteries could be the solution for the energy storage. Flow batteries, also called redox flow batteries, are a type of hybrid between a battery and a fuel cell. In a redox flow battery, catholyte and anolyte are stored in separate tanks, and pumps are used to circulate the fluids into a cell stack with electrodes separated by a thin membrane. This membrane permits ion exchange between...

Web-based software to train drillers remotely

Web-based software to train drillers remotely   Leading simulator developer and manufacturer, Drilling Systems, has launched a web-based version of its world-leading, well control simulation software following successful trials with Louisiana State University (LSU). LSU was looking for a way to continue delivering high-quality academic instruction to its drilling and well control students during the current coronavirus outbreak and worked closely with leading simulator manufacturer...

Technology & People-Led Innovation

Technology & People-Led Innovation By Cara McGlynn, Brodies LLP   The quick pace of technological advances means that cultivating a culture of creativity within an organisation can be key to getting ahead – something that the oil and gas sector knows all too well. A recent UK Supreme Court case raises some interesting questions as to when an employee should be compensated for their contributions and how organisations can encourage innovation. Whilst employed by a subsi...

Could a focus on repairs lead to a lasting COVID-19 impact?

Could a focus on repairs lead to a lasting COVID-19 impact?   Due to COVID-19 restrictions and sustained distancing measure Europe’s wind operators are prioritising reactive maintenance that could heavily impact asset performance moving forward. As the supply chain is deeply affected by COVID-19 restrictions and worker availability, energy operators are adapting to the situation in order to maximise asset availability. Lockdowns globally have delayed a number of new projec...

Delivering 40GW of offshore wind by 2030

Delivering 40GW of offshore wind by 2030   SSE Renewables (SSER) has supported an increase to the UK’s offshore wind ambition for some time and welcomed the manifesto commitment by the new UK Government to increase that target to 40GW by 2030. With COVID disrupting the energy sector, will these targets still be achievable? SSE Renewables has called for a series of “enabling” offshore wind policy actions from the UK government, warning that a “business as...

Intrinsix: Power for your people

Intrinsix: Power for your people   Arnlea’s Intrinsix software, and IntrinsixEX specifically, is a powerful tool for your people. Here we discuss in more detail its benefits and the value it brings to oil & gas, LNG and other energy businesses, and for other sectors where electrical inspections are critical. IntrinsixEX uses auto-ID mobile technology to increase compliance and decrease costs in your Ex inspections and maintenance activities. Compliant with IEC 60079 stand...

EC-OG set to accelerate subsea clean energy growth with investment from Par Equity

EC-OG set to accelerate subsea clean energy growth with investment from Par Equity   Subsea clean energy specialists EC-OG have received £1.6m from an investment consortium led by Par Equity. EC-OG will use the funds to support its growth plans, which focus on the exploitation of its innovative Halo battery storage system designed for subsea applications. The investment will create up to 40 jobs in Aberdeen over the next 12 months. Halo is a modular and scalable Lithium-io...

Mexican Oil & Gas sector is open to International companies

Mexican Oil & Gas sector is open to International companies   The Mexican Oil & Gas sector is now open to International companies following the Energy reform of 2013, previously it was a state monopoly by PEMEX. There are great opportunities for the international supply chain to support their existing clients and win new work with up and coming Mexican supply chain. Whittaker have been in Mexico since 2009, working from our 12-acre, base in Ciudad Del Carmen, Campeche. C.D...

StarLeaf - Secure remote working

StarLeaf - Secure remote working   Five key questions you must ask your video meetings provider. As the world moves to remote working, organisations of all sizes are choosing video meetings to improve collaboration and help people work (and be part of the team) from wherever they are. But as the use of video meetings has grown, so have concerns about the security of the solutions in use. Most organisations need, and expect, secure remote working solutions. Whether it’s...

U.S. producers swallow their pride and ask for government aid

U.S. producers swallow their pride and ask for government aid   Caught among the price war between OPEC and Russia, the declining oil demand as a result of the global coronavirus pandemic and mounting pressure from investors, the U.S. oil industry cried uncle. Uncle Sam, that is. Last month, as pressure on the industry intensified and prices for West Texas Intermediate crude — which have tumbled 60% so far this year — slipped below $20 a barrel, the industry, which had...

OGV Energy’s May Mexican Energy Review

OGV Energy’s May Mexican Energy Review   Neither the oil price war, nor the global pandemic of COVID-19 has changed the course of the energy policy that President Andrés Manuel López Obrador established for the country. With a strong ideology focused on energy sovereignty, the strengthening of Pemex, the increase in oil refining capacity, the rehabilitation of existing refineries, and the construction of the Dos Bocas refinery continue to be proposed as the way for...

OGV Energy’s European Energy Review - May 2020

OGV Energy’s May European Energy Review - May 2020   The spreading coronavirus pandemic was the underlying theme in Europe’s energy sector this past month. European oil and gas companies, as well as associations of the renewable energy industry, scrambled to assess the impact of COVID-19 on their operations, cash flows, and future projects. Oil supermajors slashed capital expenditures as oil prices plunged by 50% in one month amid continuous demand destruction in the pa...

Will the Coronavirus Kill the Oil Industry?

Will the Coronavirus Kill the Oil Industry?   As Coronavirus lockdowns continue to spread around the world, the oil industry faces more disruption to demand and supply chains, with many margins and prices already collapsing. With travel and broader economic activity across the world restricted, demand for transport fossil fuels has dropped. This reduction in demand is particularly notable in China, the world’s largest energy consumer, which last year accounted for more than 8...

Reasons to be positive

Reasons to be positive   The idea behind Legasea was first conceived amidst the green shoots of recovery following the worst downturn to hit the energy sector in a generation. Reasons to be positive Founding a fledgeling business during the worst downturn to have hit the energy sector in a generation might have seemed brave, or even foolhardy, but operating in such a challenging environment has built resilience in our team that has long been a feature throughout our industry. De...

UK North Sea Oil & Gas Review

OGV Energy’s May North Sea energy update   Over the past month, the key theme in the UK North Sea industry was the coronavirus pandemic, its direct impact on UK offshore oil and gas operations, and the impact of the oil price crash on the future of the North Sea oil and gas sector.  Following the price collapse in early March – driven by the flop in global oil demand and the break-up of the OPEC+ production cut deal – companies operating in the UK North Sea...

Piper Alpha and Macondo: Similar Disasters, Different Responses

Piper Alpha and Macondo: Similar Disasters, Different Responses   The Deepwater Horizon disaster and the Piper Alpha tragedy are separated by 22 years and the expanse of the Atlantic Ocean. Both are the worst offshore disasters for their respective countries, and both forever changed those nations’ regulatory regimes and the reputations of the companies involved. Almost 10 years after the Deepwater Horizon explosion on April 20, 2010 killed 11 men and injured 17 others, the o...

The U.S. energy industry squeezed between virus fears and OPEC price war

The U.S. energy industry squeezed between virus fears and OPEC price war   For the U.S. energy industry, the bleak start to 2020 turned increasingly dismal by mid-March. As coronavirus fears gutted global demand and a price war between Saudi Arabia and Russia flooded the market with production, the industry found itself facing the prospect of increased bankruptcies, anemic financial performance and widespread layoffs. As the price of West Texas Intermediate crude slid toward $30 a...
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