With global offshore wind expenditure expected to reach £210 billion over the next ten years, Subsea UK is encouraging companies to expand into the renewables sector to sustain long-term growth.
Also in the News...
Following a defiant statement from the UK Continental Shelf (UKCS) that the North Sea is ‘Open for Business,' one UK hydraulics manufacturer has completed a deal to manufacture and supply a unit of eight hydraulic safety blocks to be used on oil rigs in the area.
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.
In the oil and gas industry, hearing protection struggles to command the same level of attention from the workforce as other personal safety equipment. Brad Witt, director of hearing conservation at Honeywell Industrial Safety, provides four top tips for ensuring that oilfield workers use their earplugs.
Video of the month
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.
Sign up for the ODEE newsletter
Most read articles
- Midlands manufacturer increases exports...
- Flange corrosion protection
- Subsea companies to explore offshore ren...
- DNV GL and South Korean yards’ standardi...
- Walter Thain to lead offshore oil and ga...
- Test and flush flow-lines
- Seeing the light
- 3 Wheel Straddle Carrier
- All weather telephones
- Keeping an eye on fluid contamination