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Category: Aerospace Engineering

$100 Oil is a possibility next year

Oil prices could rally to $100 a barrel next year, a level not seen since 2014, as supply risks in Venezuela and Iran strain global markets, according to Bank of America Corp. Brent futures, trading near $77 on Thursday, are set to reach $90 in the second quarter of 2019 as world inventories shrink, the bank said. As that view hinges on Opec reviving output and a limited impact on Iran from US sanctions, prices could go even higher, it…

Ocean evaporation matched up with massive overland rainfall — ScienceDaily

In the weeks before Hurricane Harvey tore across the Gulf of Mexico and plowed into the Texas coast in August 2017, the Gulf’s waters were warmer than any time on record, according to a new analysis led by the National Center for Atmospheric Research (NCAR). These hotter-than-normal conditions supercharged the storm, fueling it with vast stores of moisture, the authors found. When it stalled near the Houston area, the resulting rains broke precipitation records and caused devastating flooding. “We show,…

Hydratight and Altus Intervention collaboration created for initial three-year Integrity Assurance™ services

Integrity assurance specialist Hydratight has announced a three-year contract with a major North Sea operator to support flange management and end-to-end process services. The contract covers the North Sea operator’s onshore and offshore assets and facilities and has scope for future development following a move to integrate its process and pipeline services (PPS) into one frame agreement. Hydratight UK has collaborated with Altus Intervention UK in Aberdeen to successfully secure the contract for the next three years with a potential…

2M Power Systems restructured to become 2M Group

Aberdeen based oil services company, 2M Power Systems, has undergone a major restructure to create the 2M Group with five distinct divisions and totally rebranded. This is the culmination of a review process by Senior Management to develop and deliver a divisional strategic and plan which will support the overall aim of the Group to become to a market leading supplier of specialist products and services.     Commenting on 2M Group’s new structure and rebrand, Group Sales and Marketing…

Aberdeen recruitment firm Right People appoints two associate directors

Established Aberdeen recruitment business Right People has made two director appointments. Craig Mackenzie joins the business after nearly 10 years at Aberdeen Appointments Agency (AAA), while Kris Stuart is promoted from the position of recruitment team lead. Both will have the title associate director. Bruce Russell, director at Right People, said: “We are delighted to welcome Craig to the business. His market knowledge and wealth of experience will be of great value to our clients.” Craig said: “Right People has…

UKCS Workforce Dynamics Review, Subsea UK reactive comment and event photography

Commenting on today’s report, Subsea UK chief executive Neil Gordon said: “It is encouraging to see that the oil and gas industry will continue to need tens of thousands of new people over the next 20 years. The future energy mix will become more diverse with other sectors such as renewables increasing their share and this is already seeing the subsea supply chain to have a much more integrated approach to working across the sectors.   “As industry introduces more…

Oil and gas industry urged to support new skills strategy to safeguard jobs and up-skill for digital transformation

A report into UK oil and gas workforce dynamics launched today indicates that more than 40,000 new people will need to be recruited into the industry over the next 20 years, including 10,000 in posts that don’t exist today. The UKCS Workforce Dynamics Review, by global energy skills body OPITO in partnership with Robert Gordon University’s (RGU) Oil and Gas Institute, assesses the changing skills requirements for the industry over the next 20 years. The research will assist in providing…

OGTC comment on UKCS Workforce Dynamics Review

Colette Cohen, Chief Executive Officer of the Oil & Gas Technology Centre said: “The world is rapidly changing, driven by a digital revolution, ever-increasing connectivity and a fundamental energy transition to a lower carbon economy. Automation and digitisation are transforming our jobs, our workforce and our relationship with work. This is creating exciting opportunities for how we use technology to improve both our industry’s performance and our country’s productivity.”   “The OPITO Review provides helpful insights as we embark on…

Statoil Awards Subsea 7 Five-Year Contract

Statoil has awarded Subsea 7 Norway AS a five-year contract for inspection, maintenance and repair services to be carried out by the Seven Viking vessel for subsea operations on the Norwegian continental shelf, the company said on May 9. Subsea 7 will provide inspection, maintenance and repair services for Statoil’s 560 subsea wells on the Norwegian continental shelf. The service includes onshore project planning and offshore operational execution. The contract is worth 1 billion NOK (roughly US$124 million), according to…

Platform ‘was at risk of gas explosion’ says HSE

Gas on a North Sea oil platform exposed workers to a risk of an explosion, the Health and Safety Executive has said. Several gas detectors on EnQuest’s Heather Alpha – about 245 miles north east of Aberdeen – were triggered on 1 March. The uncombusted flammable gas came from a flare system which was supposed to be lit. The resulting shutdown led to an accumulation of gas on the platform, setting off more detectors. The HSE said it exposed the…