Scotland’s First Minister recently heard at first hand the steps the UK oil and gas industry is taking to navigate its way through the downturn.
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Jonathan Wilkins, marketing director of industrial automation supplier EU Automation discusses how the oil and gas industry can manage the spiralling issue of equipment obsolescence.
Pipeline technology company, STATS Group, has developed a Flangeless Subsea Launcher (FSL) which offers greater flexibility and can be positioned at any given position in depths of up to 2220 metres. ODEE reports.
Focus and investment into fabrication infrastructure is needed to unlock the potential of gravity base structures for the offshore wind sector reveals a new study. ODEE reports.
Chicago Pneumatic has launched two new straight impact wrenches with D-handle to complete its industrial maintenance range. The new CP6763-D18D ¾” and CP6773-D18D 1” wrenches were previously available in pistol version only, but have now been designed in a straight version with D-handle to give users more flexibility and choice. There are now four impact wrenches in the range, additionally the ¾” straight impact wrench is one of only a few products on the market with a D-handle.
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The UK oil and gas sector is fighting hard in a bid to restore competitiveness, and expects to have improved efficiency and its average unit operating cost by more than 40% compared with two years ago.
The current challenges for the offshore oil & gas industry are significant. But it is also important to recognise there are also continuing opportunities. Concerted action by the industry to improve efficiency across the sector is leading to an estimated 22% – over £2 billion – reduction in the cost of operating existing assets by the end of 2016. Supported by the first annual production increase for 15 years, the unit cost of operating UK oil and gas assets will also improve.
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