UKCS Investments On the Rise
North Sea operators and contractors are investing across people, R&D, technology and new markets to support continued growth, said a new report.The 30th Oil and Gas survey, conducted by Aberdeen & Grampian Chamber of Commerce in partnership with the Fraser of Allander Institute and KPMG UK, pointed out that around 45% of contractors have increased investment spend in the UK Continental Shelf (UKCS) in the past 12 months.Almost half (47%) report they have either started to use artificial intelligence or will do so in the next five years.The survey highlights a welcome trend in R&D investment with the highest proportion of firms reporting…
Survey: O&G Research Spending to Increase
New research from Lloyd's Register Energy explores the drivers for technology and innovation in the global oil and gas industry. The Technology & Innovation Radar survey results are released today, May 5, 2014, from booth #2173 at the Offshore Technology Conference (OTC) in Houston by Lloyd’s Register Energy. It provides insight into the adoption and development of new technologies which are fundamental for the advancement of the Oil and Gas sector in addressing the global demand for energy, and to cope with the environmental challenges in the decades ahead.
Historic Shipwreck Discovered in Northern GOM
During a recent Gulf of Mexico expedition, NOAA, BOEM and partners discovered an historic wooden-hulled vessel which is believed to have sunk as long as 200 years ago. Scientists on board the NOAA Ship Okeanos Explorer used underwater robots with lights and high definition cameras to view remnants of the ship laden with anchors, navigational instruments, glass bottles, ceramic plates, cannons, and boxes of muskets. Equipped with telepresence technology, Okeanos Explorer reached audiences around the world who participated in the expedition through live streaming Internet video. As members of the public ashore watched live video from the ocean bottom…
