A leading energy economist has predicted that total field expenditures in the North Sea could amount to £268 billion over the next three decades.
The international energy consultancy provider has more than doubled its workforce in Aberdeen, UK and Houston, Texas thanks to contract wins and software developments in the past year.
The contract will see John Crane Asset Management Solutions personnel deployed to a major Texas refinery from the company’s operational offices in Aberdeen and Pasadena, Texas.
The findings of the 27th Oil and Gas survey, conducted by Aberdeen & Grampian Chamber of Commerce, reveal that 49% of contractors surveyed are more optimistic about their activities in the current year, up from 38% since the spring survey.
The indoor fresh water tank, which can hold 73 600 l of water, has been created for the primary purpose of testing ROVs and ancillary equipment.
Tata Steel has increased its commitment to the North Sea and the global oil and gas industry by announcing a near £2 million programme of investments.
Well-Safe Solutions has further strengthened its senior team with the appointment of Jim Christie as Director of Programmes.
In the second annual roundtable hosted by Trelleborg, industry experts agree that the silver lining in the low barrel price is the willingness of the industry to embrace innovative solutions that can lower overall costs while not compromising safety.