HYLOK UK INSTRUMENTATION VALVES AND FITTINGS

Experts from the oil and gas industry have shown their support for a new 'skills strategy' that aims at boosting the number of people employed in the sector over the coming years. Opito, a skills body for energy, recently released a report that indicated as many as 40,000 people need to be recruited within the next two decades to meet targets regarding the UK continental shelf (UKCS). This will allow Britain to achieve its production, exports…

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It may be a challenging time for the oil and gas industry and Hy Lok distributors as the number of new North Sea explorations is at a 45 year low, however, the industry has proven its resilience by improving its efficiency for the fifth year in a row, according to the BBC. Despite these explorations falling below 100 per year for the first time since 1974, sitting at just 94, efficiency of oil and…

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A new report from the Oil and Gas Authority (OGA), UKCS Production Efficiency in 2017, has just revealed that the UK Continental Shelf (UKCS) production efficiency (PE) has increased for the fifth year in a row, peaking at 74 per cent. The report compares actual production to the theoretical maximum economic potential of the fields and their infrastructure compares to previous years. A one per cent improvement has been seen on 2016, helping to contribute a…

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Hy Lok valves will be crucial to ensuring that the aims of the latest Organization of the Petroleum Exporting Countries (OPEC) are met. OPEC met in Austria last week to decide on the next year of activities and goals for the petroleum industries in each of the participating countries. • Headline findings were that Saudi Arabia and Russia have managed to persuade the group to allow them to produce more petroleum products, which means that we…

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Equinor, along with its partners Lundin and Spirit Energy, has announced that it's struck oil in the PL 167 licence in the North Sea. The new discovery is a well called Lille Prinsen that is estimated to hold 15 to 35 million barrels of recoverable oil equivalent. The firm explained that this discovery is located north-west of the Johan Sverdrup field, and approximately 200km west of Stavanger. Equinor's senior vice president of exploration Norway & UK Nicholas…

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Last week, the International Renewable Energy Agency (Irena) published its annual report on employment figures in the renewable energy and alternative fuel sector. Data from countries around the world showed that 10.3 million people worked in the renewable energy sector, more than half a million more than in 2016 (+ 5.3%) according to the latest estimates. Even though there was not an equal distribution across continents, with the six largest renewable energy countries (China, Brazil,…

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The oil and gas industry is planning to establish 16 high impact wells during 2018, Westwood Global Energy Group is estimating. According to the organisation, these wells will release around 3.7 million barrels of oil equivalent (boe) in waters owned by the UK and Norway. The majority of these wells will be in the Barents Sea in emerging or frontier areas. Others will be situated in the Norwegian Sea and the North Sea, with the research noting…

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The strength of the oil and gas industry is essential for the entire UK economy, not just the north-east of Scotland, MP Colin Clark recently stated. The Gordon, Aberdeenshire, MP secured a parliamentary debate on the subject earlier this week to discuss the importance on the sector and ways to give it a much-needed boost after a few years of difficulties. Writing in Energy Voice, he said: "The industry has shown great resilience through the downturn, and…

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