Category: Oil and Gas

Eldar Sætre continues as Statoil’s chief executive officer

Under his individual pension agreement Sætre had the right to retire at the age of 62, after just three years as chief executive. At that time, an element of his fixed pay was therefore excluded from his pensionable earnings. Now that there is agreement to a longer timeframe, the board has decided to revert to the original provision of pension being calculated on total fixed pay. The fixed pay element, which today represents around NOK 2.4 million, will thus be included in the pension-qualifying income.  Sætre will at the latest retire when he turns 67, but he retains the...

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World’s first floating wind farm has started production

In recent years, there have been significant cost reductions in both the onshore and bottom fixed offshore wind sectors. Floating wind is expected to follow a similar downward trajectory over the next decade, making it cost competitive with other renewable energy sources. “Statoil has an ambition to reduce the costs of energy from the Hywind floating wind farm to € 40-60 €/MWh by 2030. Knowing that up to 80% of the offshore wind resources are in deep waters (+60 meters) where traditional bottom fixed installations are not suitable, floating offshore wind is expected to play a significant role in...

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Cyberhawk Awarded Best Safety Improvement Accolade

06 Oct 2017 Cyberhawk Innovations is delighted to have secured the Best Safety Improvement Award at last night’s [Thursday 28 September] UK Energy Innovation Awards. The world leader in aerial inspection and survey using UAVs was recognised for its pioneering UAV inspection solution for assets across the offshore wind and electricity utilities industries. Over 350 energy industry professionals attended the ceremony, held at the Titanic Hotel in Liverpool, to celebrate the achievements of companies and individuals working within the UK energy sector. Cyberhawk has been using UAV technology to conduct close up inspections of live and difficult to reach structures since 2008....

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Cyberhawk expert speaking at the prestigious ICAO’s Second Global Remotely Piloted Aircraft Systems Symposium

19 Sep 2017 Cyberhawk Innovations is proud to be invited to speak at the Second Global Remotely Piloted Aircraft Systems Symposium (RPAS2017) hosted by the International Civil Aviation Organization in Montréal, Canada. Stuart McGlynn, Aviation Advisor to Cyberhawk will be at the event tomorrow {20 September}, where his presentation will focus on competency based training. Cyberhawk’s training system is recognised as one of the most comprehensive in industrial inspection and in the UK, Cyberhawk is supporting several industry bodies with the development of training competencies and standards. The opportunity to speak about our efforts in this area on a world stage...

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Cathie Associates Strengthen Commitment to US Energy

We are pleased to announce the opening of operations in the USA with the appointment of a Vice President. The move is part of Cathie Associates’ drive for international expansion and will enable improved support of the US offshore energy industry, following creation of Cathie Associates Inc., at the turn of the year. Sean McDonald has a wealth of experience in US Offshore Wind and Oil & Gas sectors with a strong background in geology, geophysics and geotechnical engineering. He will be responsible for leading Cathie Associates’ expansion in the US Offshore Wind sector and continued support of offshore Oil & Gas in the US. Sean McDonald commented “I’m delighted to be joining Cathie Associates having been aware of their stellar reputation throughout my career. It is clear that the unique expertise and cutting-edge engineering capabilities of Cathie Associates has potential to benefit the US energy industry, and I look forward to the integral part I have to play in this exciting venture.” David Cathie, CEO and founder of Cathie Associates commented: “Sean has impressed us when working together on projects in the past with his commitment to quality and excellence. His wide experience of both the Oil & Gas and Renewables sectors in the US offshore market will be invaluable in developing our services with existing and future clients. We’re delighted to welcome Sean to our team.” A...

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24 Jul 2017 Cyberhawk, a Scotland-based drone inspection company, has logged over 18,000 flights and accomplished 25 world firsts with drones since their founding in 2008. The nine-year-old company has done the first drone oil rig inspection, wind turbine inspection, transmission tower inspection, and even the first internal chimney inspection. Cyberhawk CEO, Chris Fleming, joins Ian for an uncut interview where the two dive deep into how Cyberhawk accomplishes industrial drone inspections for massive, global companies. Chris explains how using drones for flare stack inspections can save oil and gas companies $1.5 million per day in recovered production costs, showcasing how much is really at stake when providing services to their multi-billion dollar clients. This is just one of the reasons that helps understand why, “if your hands aren’t shaking, you aren’t flying for Cyberhawk.” Follow Cyberhawk on Twitter at @TheCyberhawk. Listen to the podcast...

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