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Headline News

Subsea engineering analysis consultancy, AgileTek, has announced it has won the Small Company of the Year Award at this year’s Subsea UK awards. Winners were announced at a prestigious awards ceremony on Thursday February 08  in Aberdeen.

In Focus

Hydraulic cutting tools and systems specialist, Webtool, will exhibit a wide range of high performance, subsea and maritime cutting tools, together with the industry leading Webtool cable gripper, at Subsea Expo 2018 on stand 124.

BiSN, a global leader in innovative metal-to-metal downhole sealing solutions, has announced it has been awarded significant investment by the Aberdeen-based Oil & Gas Technology Centre (OGTC).

The Challenge - As companies involved in oil and gas exploration and production continue to push the boundaries into deeper wells and more hostile environments, the reliable operation of drilling, completion and production equipment under the most extreme environments has never been more important.

Ashtead Technology has announced it has recently  completed its joint venture with Forum Subsea Rentals.

ROVOP Limited, (“Rovop”) an independent operator of underwater remotely operated vehicles (ROVs), reports it is to immediately increase its fleet by 50% to meet ongoing customer demand following a funding boost of £56m.

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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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