For the next 6 years, OPITO, an energy skills body has set out a strategy to prepare for the shift in skills for requirements in the UK oil and gas industry. Under the OPITO’s Skills Landscape 2019-2025 Report of section of UKCS Workforce Dynamics research series, it has been observed that technology advancement, internationalisation and the transition to a lower carbon future are increasingly changing skill demands in this particular...Continue Reading

A report on Monday mentioned that a key North Sea gas pipeline may be an auction for sale. Antin Infrastructure Partners was evaluating for selling the Central Area Transmission System (Cats) pipeline system according to The Sunday Telegraph. It was owned for nearly five years and it is held by Kellas Midstream business. It is worth billions of pounds for its assets. There are potential buyers who are interested in...Continue Reading

Shell is currently having discussions with BP over $250m Stake in North Sea Oil and Gas Field Shearwater. With this venture, the deal is valued to be around USD250 million (£193 million) which will almost double Shell’s share in the venture. For this field, Shell holds a 28% stake in the field, followed by BP who has 27.5% while Exxon Mobile has the rest (44.5%). According to a source both...Continue Reading

For the P11-B Unity project located in the North Sea, Allseas Lorelay and Calamity Jane are joining hands. A versatile vessel, Lorelay is optimised for executing small and medium diameter pipeline projects of any length in unlimited water depths. It can also handle associated work such as the installation of risers and subsea protection frames. Launched in 1986, Lorelay served as a new generation of offshore pipelaying, as the world’s...Continue Reading

An energy intelligence group Rystad Energy, mentioned that if the pace of discoveries remains similar to the first quarter, it will exceed 2018’s discovered resources to as much as 30%. Global discoveries of conventional resources since the first quarter reached a robust 3.2 billion barrels of oil equivalent (boe), said Rystad since last week Monday. According got Rystad, February has been the best monthly tally on record since August 2015. It...Continue Reading