Aberdeen upstream news

75% of contractors anticipate moving into renewables work over the coming three to five-year period, the highest level recorded since the question was first asked in 2015.

UK Energy Minister Anne-Marie Trevelyan also backed Subsea UK's plans for a Global Underwater Hub while speaking at Subsea Live.

The funding facility, provided by Arbuthnot Commercial ABL, will deliver working capital to support anticipated growth as well as potential future acquisitions.

A recent report by Wood Mackenzie for the Oil & Gas Technology Centre stated the growth in offshore renewables, hydrogen and CCUS could more than double the economic impact of the UKCS, contributing £2.5 trillion to the UK economy and creating over 200 000 new jobs.

TechnipFMC will design, manufacture, deliver and install subsea equipment for Ithaca Energy's Captain EOR project.

Anne-Marie Trevelyan MP will give the opening address at Subsea Live, a new TV studio-based event organised by Subsea UK for later this month.

The Aberdeen-headquartered organisation has been awarded contracts by several global oil and gas upstream operators in the UK and internationally, as well as attaining work with new customers in downstream and utilities.

A series of tests were successfully performed on a Weatherford test rig in Houston, US, to demonstrate and verify the integration and functionality of the managed pressure drilling and automated well control technology.

The company’s environmentally acceptable corrosion inhibitor product line has been developed to enable E&P organisations to economically extend the life of their assets in a sustainable way.

The agreement will see i-Energy act as exclusive agents for HPR ROV in the Middle East, enabling the firm to offer its full suite of specialised ROV systems to the region.