Get the very latest offshore news delivered to your mobile - follow our Twitter account today @ODEEMagazine ............

Headline News

Emerson, a global automation technology and software company, has announced it has been named the ‘Industrial IoT Company of the Year’ by IoT Breakthrough and says the award recognises its extensive innovation and leadership in driving Industrial Internet of Things (IoT) technologies and strategies for customers in manufacturing industries, including oil and gas, food and beverage, chemical, life sciences and others.

In Focus

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. A good example of these challenging applications is where chemical injection systems are dependent on check valves that prevent the reverse flow of chemically aggressive wellbore fluids at extreme temperatures and pressures, without the possibility of leakage. As a result, reverse flow prevention valves are commonly used in oil tools operating in all stages through the life of an oil well.

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.

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.

Video of the month

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.

Product & Services Directory Suppliers

Sign up for the ODEE newsletter