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Headline News

Oil and gas and marine services company, OEM Group, says it is celebrating after winning a second accolade two years in a row at the prestigious WeDo Scotland Entrepreneur Awards held at the Sheraton Grand Hotel in Edinburgh.

In Focus

Bibby Offshore, a leading subsea services provider to the oil and gas industry, reports it has successfully completed a multi-million pound contract with Maersk Oil UK, providing both subsea structure and pipeline inspection support in the UKCS.

E2S Warning Signals, is an independent manufacturer of audible and visual warning signals for use in fire detection systems installed in commercial, industrial and hazardous areas and says its new D2xB1LD2 beacon is UL1638 approved for private mode fire applications and general signalling duties.

North East fabrication and engineering powerhouse – Francis Brown – says it is making its mark in the global offshore wind sector following a series of prestigious contract wins.

Hi-line Industries, a UK manufacturer of high-quality compressed air purification equipment, says it has launched its new HTD condensate drain into the UK market. Featuring an isolation valve for strainer cleaning to 250 micron, the latest-generation HTD offers a 100% ED rated solenoid coil and multi-voltage timer controller to ensure automatic compressed air system drainage.

A digital transformation of oil and gas safety-critical emergency response training is set to save the industry more than a million hours of training time per year, driving time and cost efficiencies across the sector, a gathering of world-wide industry leaders heard recently.

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Editor's Comment 

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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