Shell has announced a final investment decision (FID) for the Fram gas and condensate field in the UK North Sea. The move follows Shell’s decision back in January to proceed with the redevelopment of the Penguins field in the North Sea. A decision that is slated to create hundreds of jobs for North Sea industry…
Britain’s biggest nuclear project, Hinkley Point C (HPC), has taken another step forward with GE Power announcing that it has begun work on the first rotor of the power plant’s steam turbine. GE Power is supplying an ARABELLE steam turbine, which is currently being assembled at GE’s Belfort manufacturing facility in France. The steam turbine…
The latest survey conducted by Turner & Townsend show that London’s construction costs remain higher than the rest of the country, creating a two-tier construction market where London construction costs are 27.7% higher than the UK average. London remains the fifth most expensive place to build in the world, behind New York, San Francisco, Hong…
Rystad Energy report has predicted that the remainder of 2018 could be exceedingly fruitful for the offshore oil and gas industry with upwards of 100 projects expected to be sanctioned. Rystad’s latest oilfield service report puts the level of investment at £73.5 billion at an average cost of around £735 million per project. By contrast,…
A study by tidal power company Atlantis has concluded that 2GW of tidal energy could be harnessed if a barrier were built between the tip of Normandy’s Cotentin peninsula and the British Channel Island of Alderney. The site, estimated to have the strongest tides in Europe, could begin generating 1GW of energy by 2025, with…
The Munich start up Kewazo claims that more than 80% of scaffolders’ time is spent moving elements from one part of a site to another. The robot aims to make assembly more efficient by delivering the parts to the workers where and when they need them. According to Kewazo this ability to deliver poles by…
BW Offshore today announced the successful drilling and completion of the first development well, DTM-2H, located in the Tortue field, within the Dussafu License, offshore Gabon. Drilling of the oil production well commenced in late January 2018 and was completed with no safety-related incidents, on schedule and within budget. Interpretation of the logging results indicates…
UAE’s Abu Dhabi National Oil Co. (ADNOC) the state owned oil giant plans to build the world’s largest integrated refining and chemical site in Ruwais, United Arab Emirates, ADNOC’s chief executive officer said on Tuesday. At this weeks CERAWeek conference in Houston, Sultan al-Jaber, head of ADNOC, said downstream investments like refining and chemicals represent…
The UK engineering jobs market received good news this week with global rail manufacturer Siemens announcing its intention to build a major new factory in Goole in the East Riding of Yorkshire. This development, which could mean an investment of up to £200m, is a major step forward for Siemens’ journey in the UK. The…
This week Offshore driller Noble Corporation and tech giant GE have teamed up to launch the world’s first digital drilling vessel claiming to achieve significant operational cost savings and improve drilling efficiency. This is a concrete step forward to unlock the immense potential of digital solutions for offshore drilling operations,” GE said in a statement on Thursday. In…