Plans to introduce a better resourced, more capable and involved regulator that will encourage greater collaboration with the oil and gas industry and drive more efficiency in exploration, development and production across the UK Continental Shelf (UKCS) have been broadly welcomed by PwC.
Commissioned by the Department of Energy and Climate Change, The UK Maximising Recovery Review (Wood Report), led by Sir Ian Wood, outlines six sector strategies aimed at extending the lifespan and economic impact of the UKCS and ensuring it’s equipped to better respond to growing competition from international offshore regions.
Michael Hurley, head of PwC’s UK oil and gas team, said: “The Wood Report acknowledges the immeasurable contribution the oil and gas industry has made to the UK economy since the 1960s and delivers a robust strategy to ensure its continuing relevance over the next 30 years, in what is an increasingly competitive international market.
Some of the offshore industry’s most innovative and successful companies and individuals were recognised at the 2014 Offshore Achievement Awards, with Decom North Sea chief executive, Brian Nixon, picking up the Significant Achievement Accolade.
Hydrasun received the award for Great Large Company, whilst Coretrax was named Great Small Company. Steve Walton, highly-regarded across the industry as a driving force for improving safety, received a posthumous Significant Achievement award for the contribution he made during his career. His widow Anne Marie collected the award.
More than 500 industry professionals came together at the 28th OAA awards ceremony at the Aberdeen Exhibition and Conference Centre. The Society of Petroleum Engineers (SPE) Aberdeen Section organised and hosted the awards for the third consecutive year, with the support of main sponsor TAQA.
Marine technology specialists, Kongsberg Maritime Ltd, has launched a new offshore vessel simulator - the only one of its kind in the UK and one of only four operating worldwide - at its training centre near Aberdeen.
The KOVS (Kongsberg Offshore Vessel Simulator) supports the firm's delivery of dynamic positioning (DP) courses for the marine sector, and provides the most realistic onshore training environment possible.
Scottish Secretary of State Alistair Carmichael and Sir Robert Smith, MP for West Aberdeenshire and Kincardine, learned more about the new simulator at Kongsberg Maritime Ltd - the UK-based subsidiary of Kongsberg Maritime - during a visit to the Westhill training centre recently.