Tag: North Sea

A new report from Deloitte, the business advisory firm, which gauges the oil and gas industry’s reaction to Sir Ian Wood’s Maximising Recovery Review, calls on the new regulator – the Oil and Gas Authority (Ian Wood), the Government and companies operating in the North Sea to adapt to a new reality in the basin.The report found that drilling activity on the UK Continental Shelf (UKCS) needed to double to more than 90 wells per year over the next two decades to make the most of the estimated USD 1.3 trillion worth of oil and gas that potentially remains.

Oil and gas operators may be sitting on new investment decisions until the future of the North Sea becomes clearer, according to the latest report from business advisory firm Deloitte. The report, which details drilling, licensing and deal activity across North West Europe over the third quarter of 2014, was compiled by Deloitte’s Petroleum Services Group (PSG) and found that four deals were announced offshore UK.

Asset integrity management specialist XPD8 Solutions has secured more than GBP 2.25M in combined contract wins for work in the North Sea and Malaysia.

Independent oil producer EnQuest achieved a significant safety milestone after recording a total of 11 years without a lost time incident (LTI) across three of its North Sea producing assets.

Tata Steel has signed a series of contracts with Subsea 7 to supply undersea pipes to four separate North Sea projects.

Aberdeen Harbour Board has announced that BP has agreed to extend its presence at the port for a further 10 years.

Proserv has secured two major contract wins worth in excess of GBP 15M for work in the North Sea, further strengthening the company’s market-leading position in the subsea controls and communications field.

A new standard in offshore safety which aims to advance the critical role of elected safety representatives (ESRs) in minimising the risk of accidents and improving safety is to be trialled in the North Sea.

Deep Casing Tools has completed its first operation in the Norwegian North Sea. Two conventional attempts to run a 7” liner to total depth (TD) had been unsuccessful in the Statoil operated Gullfaks’ satellite well, resulting in the liner hanging up hundreds of metres from TD.