Leading subsea controls specialist J+S Subsea Limited has marked its second anniversary by announcing another round of significant contract wins. The Kintore-based company’s busy 2022 has seen the award of work worth £2.5 million in the second half of the year, thanks to a healthy mix of frame agreements and ad hoc work. The news comes as the company marks …
Tie-up augments Proserv’s sand sampling system design and manufacturing capabilities with SMS’s real-time monitoring and analytics solutions. Global controls technology company Proserv has announced that it has signed an agreement with Aberdeen based sand and erosion monitoring, analytics and management experts SMS. The deal sees SMS become the exclusive agent and representative for Proserv’s sampling activities across Malaysia. The arrangement …
Industry and government must mobilize a clear roadmap to achieve UK climate targets by 2050 says DNV
DNV’s UK Energy Transition Outlook predicts country is not on track to meet mid-century net zero target Government must provide long-term policy clarity and stable environment so that industry, investors and society can act with confidence. Household energy expenditure expected to halve by mid-century, driven by increased electrification of domestic heating and passenger transport Building emissions will still be a …
06/12/2022
Ashtead Technology acquires Hiretech
International subsea equipment rental and solutions specialist Ashtead Technology has further expanded its mechanical solutions service offering with the acquisition of Hiretech. Established in 2011, Hiretech is a management owned, Aberdeenshire-based equipment rental, service and maintenance company serving the international offshore renewables, decommissioning, and conventional energy markets. Through its multi-purpose fleet of marine and subsea equipment rental assets and skilled …
A pair of North Sea firms are preparing belated Christmas presents for the supply chain, in the form of decommissioning contracts. Operators Ithaca Energy and CNR International have both signalled their intention to put subsea deals to the market in January 2023. Read more here
The project will capture, transport and store 6 MMtonnes per year growing up to 10 MMtonnes/year of CO2 emitted from the Thames Estuary and potentially northwest European regions into the Hewett depleted gas field. Eni UK has launched the Bacton Thames Net Zero (BTNZ) Cooperation Agreement with the shared aim of decarbonizing industrial processes in the southeast of England and …
Operator EnQuest (LON: ENQ) has emerged as the latest North Sea firm to throw its hat into the carbon capture and storage (CCS) ring. In an operational update, shared on Thursday, the company revealed in September, it submitted applications to the North Sea Transition Authority (NSTA) for two licences to stow emissions. Read more here
Offshore Energies UK expects 2,100 UK North Sea wells to be decommissioned during the next decade, with an average P&A cost per well of £7.8 million ($9.26 billion). Read more here
The UK will spend billions removing oil and gas assets over the next decade, and billions more installing offshore windfarms – so why doesn’t it have a heavy lift business to capitalise on it? That’s a question that TAQA decommissioning director David Wilson brought up this month, who said there’s a “really strong business case” for a UK firm to invest in …
The North Sea Transition Authority (NSTA) has set a new cost target for offshore decommissioning – as the original goal looks set to be missed. Under the new target, the industry’s total bill for cleaning up the North Sea will be £37bn from next year, which is to be reduced by 10% by the end of 2028 to £33.3bn. Read …