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October 3, 2019

Investor activism in oil and gas: read more in the new issue of Offshore Technology Focus

In this issue: we take a look at the OGTC’s top start-ups, ask how influencer activism works, talk to Fieldbit about how augmented reality can change offshore oil and gas, and more.

By Molly Lempriere

Offshore Technology Focus is back with a new issue packed with industry insight. Read it here for free in the web browser of any device.

As environmental groups look for new ways to influence the oil and gas sector, we take a look at the world of investor activism and how groups like Follow This are effecting companies choices. We also take a look at the best and brightest start-ups in the UK’s oil and gas industry, being supported by the Oil and Gas Technology Centre.

As tensions in the Mediterranean grow, Cyprus is eager to develop and protect its oil deposits, but could it play a larger role in the oil industry? Elsewhere, as Mexico’s offshore industry takes off, we speak to Blue Bull Energy, a company helping local companies to grow and meet international standards, so that they too can benefit from the boom.

In technology, we take a look at a human machine augmented reality interface being developed by AspenTech, as well as talking to Fieldbit about how artificial intelligence can change the industry. In Russia, a new ultrasonic technology for acoustic low-frequency exploration is being developed that could make it easier to operate in the Arctic.

Finally, we take a look at the true cost of decommissioning in the UKCS and talk to the Union of Concerned Scientists about their takeaways from the recent oil major’s annual meetings.

In this issue

Raising money and changing mindsets: developing UK oil and gas start-ups

The Oil and Gas Technology Centre is trying to dispel the image of the offshore sector as one hesitant to change and resistant to development, by funding a number of start-ups offering unique technological solutions to the industry’s challenges, encouraging a culture of creativity and innovation. JP Casey speaks to the centre and some of its start-up partners to see how effective the programme has been, and where it could go in the future.

Read more

Influence from the inside: the role of investor activism in oil and gas majors

Shareholders at the world’s biggest oil and gas companies are exerting ever more pressure to ensure firms improve their environmental performance. Leading the way is Mark van Baal, founder of Dutch activist shareholder group Follow This, which has successfully petitioned Shell to update its emissions policy. JP Casey speaks to him about the unique investor activist model, and how important it could be in ensuring the world reaches its climate change goals.

Read more

Cyprus and Turkey: the battle for oil and gas in the Eastern Mediterranean 

The rush for oil and gas reserves in the Eastern Mediterranean is heating up, and nowhere more so than in Cyprus where the government and the UN have condemned as illegal and provocative Turkey’s decision to deploy vessels in Cypriot waters. Julian Turner reports on the ongoing controversy.

Read more

Mexican energy reform: what will it mean for international investment?

With the election of Andres Manuel López Obrador to presidential office, the question of whether his socialist policies will shut the door on international investment in oil and gas was raised. Whatever the answer, Mexico’s domestic sector readies itself to play a leading role, as Andrew Tunnicliffe finds out.

Read more

How ultrasonic tech could open up Arctic exploration

Researchers at the Far Eastern Federal University (FEFU) have developed a new technology for acoustic low-frequency oil and gas exploration in cooperation with exploration company Anchar, for use in the Arctic. The technology can capture ultrasonic noise heard in offshore oil and gas fields, which is challenging in icy fields. Umar Ali spoke to the team about the technology.

Read more

Q&A: AspenTech talk AI, machine and waviness learning in oil and gas 

The use of artificial intelligence and machine learning in the offshore oil and gas industry is growing, especially for inspection and maintenance, but what value does the technology really provide? Heidi Vella spoke with Mike Brooks, senior director of asset optimisation software firm AspenTech, to find out how automation and data analytics are transforming operations.

Read more

Q&A: Fieldbit discuss augmented reality in the offshore industry

Augmented reality (AR) has found a natural home in the oil and gas industry, with AR headsets and communications technology offering huge benefits in the field of offshore asset management. Julian Turner talks to Fieldbit founder and CEO Evyatar Meiron about the latest AR technology applications.

Read more

Decommissioning on the UKCS: five revelations from the latest data

According to new data from the Oil and Gas Authority, the estimated cost of decommissioning oil and gas infrastructure on the UK Continental Shelf (UKCS) has fallen. But do these positive figures tell the whole story? Umar Ali dives into the latest data to pull out the key revelations.

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Accountability and innovation: Union of Concerned Scientists on the questions oil and gas must answer

Scientific advocacy organisation the Union of Concerned Scientists (UCS) attended the AGMs of a number of oil and gas majors, to present difficult questions to companies such as BP and Shell on their impacts on climate change. JP Casey speaks to Kathy Mulvey, UCS climate accountability campaign director, who attended the Exxon Mobil AGM, to learn more about what these companies are doing to combat climate change, what more they need to do, and the role technology will play in this energy transition.

Read more

Next issue preview

After another oil discovery off the coast of Guyana, the tiny nation looks set to become potentially the richest petrostate per person in the world. But does it have the regulations in place to take advantage of the discoveries?

China invests overseas in a number of different industries, and has recently been stepping up its interest in oil and gas with potential action in the Philippines and Nigeria. But while we look at the potential booms in these places, we also take a look at Alaska, where shifting concerns regarding environmental issues is changing the face of the oil and gas industry.

Around the world, we’re seeing a shift in oil and gas operations, we map out the areas that are banning exploration and those that are welcoming it. We also take a look at the offshore support market, and how it is changing and adapting.

Finally, we take a look at how drones can be used during an oil spill with TerraDrone, the Oil and Gas Technology Centre’s new Net Zero Solution Centre and the drilling tech being developed at the University of Aberdeen.

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