Subsea UK Establishes Business Hub in Milton Keynes
British subsea sector, is hosting its first event in Milton Keynes. The event which takes place on May 11, will see 20 businesses in the region come together to identify ways they can work together to exploit potential opportunities and increase business both at home and abroad, in the lower oil price environment. As the UK’s fastest growing city, Milton Keynes is home to a huge amount of innovation and engineering expertise and this event is the latest in a series to being held in the subsea hubs across the UK. Neil Gordon, chief executive of Subsea UK said: “This event is an
OSCC to Focus on Safety
annual event wholly focused on safety and competence in the oil and gas industry. With the offshore industry’s focus firmly on reducing costs and increasing efficiency, this year’s OSCC will explore how the sector maintains competence and continues to keep its people safe in a lower oil price environment. More than 500 delegates and 20 exhibitors are expected at OSCC 2015 where leaders from the oil and gas supply chain and world-renowned experts in safety will participate in keynote sessions and panel debate on ways to avoid long-term damage to safety and reputation as a result of short-term
Deloitte : Investment Crucial for UKCS
dialogue with, and strong guidance from, the OGA. It will also need further clarity from Government over the fiscal incentives that will be made available to support exploration and appraisal activity. “To sustain its future, the North Sea’s stakeholders will need to adapt to a lower oil price environment and reduce costs in order to get through this period of transition.” The Deloitte report also found there was a reduction in the number of field start-ups in 2014, decreasing from 13 in 2013 to six this year. There were fewer deals completed in the last 12 months, dropping
February 2024
