Page 13 - Clair Ridge News Today

May 19: The end of Anne Boleyn… and the start of the UK ETS The person in the street may not regard the 19th of May as a date of any real significance. By Derek Leith, global oil and gas tax leader, EY 19/05/2021, 12:01 am One for the history books? Derek Leith discusses the context. Pic right: Wikicommons. Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something we...

Digital twins to become mainstay for oil and gas operations as companies look to optimise costs, according to GlobalData.

Advertisement The oil and gas industry, which is traditionally a laggard in the adoption of connected technologies, is increasingly deploying digital twins to improve decision-making. The prevailing industry downturn from COVID-19 has heightened the need to reduce costs and make operations more sustainable with technology, says GlobalData, a leading data and analytics company. Worldwide lockdowns have significantly impacted global energy demand, while also causing project delays due to supply c...

PREMIUM BP started production from the giant Clair Ridge field West of Shetland with partners in 2018 Picture: BP AS the hopes of a Shetland oil boom sparked by a pioneering explorer fade, some giants have made clear they still see potential in the area. However, firms in the hard-pressed North Sea supply chain and taxpayers alike may be unwise to expect to get more than crumbs from their table. While the industry grappled with the deep slump triggered by the crude price plunge from 2014 to...

Digital twins giving boost to asset management in the oil and gas industry By GlobalData Energy 11 May 2021 (Last Updated May 11th, 2021 13:03) GlobalData’s latest thematic report, ‘Digital Twins in Oil & Gas,’ provides a comprehensive review of the expanding role of digital twins across industrial applications, with a special focus on the oil and gas industry. Share Article GlobalData’s latest thematic report, ‘Digit...

AFTER BP chief executive Bernard Looney passed a landmark on Tuesday few would say that he has yet to make his mark on the oil and gas giant. With the company’s results announcement that day, Mr Looney celebrated a first full trading year in charge during which he has made clear he expects to make fundamental changes at the firm. However, environmental campaigners would probably feel he has not gone anywhere near far enough while other company watchers may wonder if the costs of the cha...

PREMIUM BP started production from the giant Clair Ridge field West of Shetland in 2018, with partners including Shell and America’s Chevron Picture: BP BP has tripled first quarter profits after feeling the benefit of increased oil prices and the start of production from a big North Sea field. The oil and gas giant made $2.6 billion (£1.9bn) profit net of one-offs in the three months to March 31 on the measure followed by analysts compared with $0.8bn in the same period last year. Chi...

People Positive approach: David Fox, founder of Offshore Titans a website to help offshore workers with mental health issues Photo: OFFSHORETITANS Offshore Titans mental health platform joins forces with app developer Strategic alliance formed with Edinburgh-based OK Positive 20 April 2021 9:43 GMT Updated  20 April 2021 9:43 GMT in  London An online platform set up by an oil worker to help promote better mental health in the oil and gas industry has joined forces with the deve...

AS the costs of the pandemic to taxpayers mount, oil heavyweights have provided a reminder that the North Sea industry is unlikely to ease the strain on the public finances much. In its latest report on payments to governments, Royal Dutch Shell underlined just how much it will cost the Government to help firms cover the huge costs that will be involved in decommissioning redundant North Sea assets. Shell revealed that it was repaid $99 million by the Government last year. The repayment r...

Thats the equivalent to 9,140 people taking a return flight from Glasgow to New York. The Mossmorran flaring lasted three days from October 4 to 6. Fife Ethylene Plant operator ExxonMobil said at the time that it was committed to minimising carbon dioxide emissions. Greenpeace, which carried out the new Unearthed probe have criticised the government’s failure to get emissions under control and its inadequate plans to move away from oil and gas to meet its climate targets and obligatio...