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Highly anticipated industry guidelines designed to boost production efficiency in the UK Continental Shelf have been published by Oil & Gas UK.

In Focus

Osbit, an offshore engineering and technology company, reports it has successfully delivered an innovative hybrid monopile cleaning tool to Van Oord, designed to support the efficient installation of offshore wind turbine foundations.

Parker Hannifin, al leader in motion and control technologies, reports it now has a complete range of valves that conform to the API 6A specification for Christmas tree and wellhead applications in the oil and gas sector.

DNV GL reports it has reorganised its research and testing capability in the UK adding a facility at Bishop Auckland, County Durham, UK, to the portfolio.

Unprecedented savings are reported to have been won by Australia’s innovative subsea services company, Dive Works, for its oil and gas clients through the imaginative deployment of its Saab Seaeye Leopard electric robotic vehicle.

John Crane Asset Management Solutions reports it has secured a three-year £3million contract to provide condition based maintenance services with a major operator in the UK North Sea.

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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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