Oil worker
UK’s oilfield services firms see turnover drop 9% in 2017

EY predicts it is unlikely overall activity in the sector will return to 2014 levels in the near future

‘More than half of all products to be low carbon within a decade’

Corporate executives said environmental factors and technological change are driving the market in new directions

UK exported wind and marine energy products to 44 countries last year

The 434 contracts signed were worth up to £7.5m each

UK’s green sector contributed £30.5bn to economy in 2015

This is around 23% up from 2010 figures

Falling oil prices ‘continue to impact UK firms’

Falling oil prices continued to impact UK oilfield services (OFS) in 2016, with the sector’s turnover falling by 15.5%. That’s the suggestion from consultancy EY, which warns the industry’s approach to recovery in 2018 could prove critical for long-term success. The report shows turnover declined from £35.7 billion in 2015 to £30.2 billion the following […]

TELCA-winning firm bought out in new deal

A procurement services firm has bought a non-domestic energy consultancy. Inprova Group, which is based in Cheshire, has acquired West Sussex business Energy & Carbon Management (E&CM), which won ELN’s Consultancy of the Year award at TELCA 2017. E&CM provides energy broker and consultancy services, such as commercial gas and electricity procurement, energy risk management […]

Oil and gas service firms ‘need to reset their businesses’

Firms providing oil and gas services must adopt new business models if they are to survive a low oil price operating environment. That’s according to a new report from PricewaterhouseCoopers (PwC), which suggests companies in the sector need a “reset” to deal with the operational, financial and strategic challenges presented by the changing market. It […]

Value of renewables doubled over four years

The value of renewable energy activities in the UK shot up from £2.2 billion to £4.5 billion between 2010 and 2014. That’s according to revised figures from the Office for National Statistics (ONS) relating to the UK’s environmental goods and services sector (EGSS) during the period. The numbers show the amount of green products being created and how resources […]

Network helps ex-Army staff find energy jobs

An ex-army officer is looking for recruits – to get involved in a project which helps hook up ex-Army staff with the energy sector. Magnus Jeffrey (pictured), who works as an engineer for Senergy Development Solutions (SDS), set up The Network Aberdeen two years ago to help other former service workers interested in a similar […]

North Sea drilling slows down

Drilling activity in the North Sea dropped by 43% for the first six months of the year compared to the same period in 2010 with less than a third of new wells drilled. Analysts at Deloitte’s Petroleum Services Group said activity was lower than would be expected during a time when the oil price averaged […]