Global Market Outlook Business Breakfast

 “Is confidence returning to the Oil & Gas sector or should we refocus on diversification away from hydrocarbon for profits & growth?”

Join us on the 25th of January at the Marcliffe, Pitfodels Aberdeen

Through 2017 we have seen oil prices stabilise at around $50 a barrel and begin to creep upward towards $60. Some are calling this price range the new industry “norm”, however is this a false dawn or a genuine recovery towards a price where sustainable field development can be maintained?

Also, subsea and underwater industries seem to have recognised the need for change, innovation and the beneficial deployment of technology are once again being talked of in terms of unlocking hydrocarbon wealth.  Should the subsea industry refocus and accelerate diversification into low carbon energy sectors or continue the previously trodden path as oil recovers?

These topics will delved into in January 2018 at our successful breakfast, which will take place at The Marcliffe Hotel,  full breakfast from 0700 with speakers starting at 0730.

Our presenters are:

Mike Beveridge  

Simmons & Co. – Managing Director

Presentation  SUT Global Market Outlook Business Breakfast – Mike Beveridge Simmons 25 01 2018

This presentation will provide an update on the overall market environment within oil and gas with a focus on oil price developments, M and A trends in the oil and gas services sector, capital market valuations and corporate activity and discussion topics relevant to the subsea sector.

James Hall

WoodMac – Operations Director, Infield Wood MacKenzie

Presententation SUT Global Market Outlook Business Breakfast – James Hall Wood MacKenzie 25 01 18

The macro environment, oil price forecast and fundamentals will be presented as well as a reflection of the past 5 years and forecast for the next 5 years, looking at projects coming on-stream and the qualification of kit and services across the major off shore sectors. Short-term pricing and investments, and expectations for the supply chain by way of consolidation/optimisation/standardisation – with short term  survival tactics – will be discussed.

David Rennie

Presentation SUT Global Market Outlook Business Breakfast – David Rennie 25 01 2018

Scottish Enterprise – Head of Energy Oil and Gas

This presentation shall share with you the development plan within Scottish Enterprise for the subsea sector and how the oil and gas subsea sector can diversify into other subsea sectors, not only within the UK, but build the global subsea footprint. This will be supported with case studies sharing with you who Scottish Enterprise are and how they may assist.

Programme

19:00 Drinks reception

19:30 Call to dinner

19:40 Housekeeping announcements

19:50 Chairman’s welcome speech and Branch Annual Report

20:00 Dinner, followed by a game of Heads and Tails

After dinner there will be speeches, followed by drinks and networking. Carriages no later than 00:30.

Dress Code – Black tie

Menu

Ballotine of Salmon

Beetroot cured, hot smoked, golden beetroot dressing,

warm crab toast

Roast Breast of Chicken

Stuffed with black pudding, savoy cabbage,

Pomme Anna, honey roasted roots

Caramel Collection

Salted caramel tart, warm caramel sponge, panacotta,

toffee fudge ice cream

Coffee and Tea

Please contact SUT in advance if you have any special dietary requirements

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Aker Solutions will provide an overview of the latest technology developments in their Subsea Boosting Systems; this will include an outline of the boosting portfolio and related features, and some highlights from recent tests in their full-scale multi-phase test loop.

Presenter Marco Gabelloni, Business Development Director for Aker Solutions

Registration: 5.30pm Presentations: 6pm followed by cheese and wine

With thanks to our sponsors Aker Solutions

Technical challenges encountered during the Costa Concordia wreck removal

Presented by: Paris Mangriotis, Engineering Director London Offshore Consultants Limited

The Costa Concordia wreck removal operation has been unique in terms of scale, technical complexity, number of stakeholders and cost.

The presentation mirrors LOC’s extensive involvement with the project over a five year period.   It follows each phase from initial response immediately after the sinking through to selection of the removal method and contractor, parbuckling, refloating, recycling and eventually restoration of the environmentally sensitive wreck site.

The focus will be on the technical challenges of refloating the damaged 45,000 tonne wreck and transporting it safely for recycling.  The reasons for the choice of method and subsequent impact on all aspects of the project will be summarised.

Paris Mangriotis is a Naval Architect and Engineering Director at the London office of London Offshore Consultants where he works with a team involved in marine claims, casualties, engineering analysis and surveys.

During his eleven years with LOC Paris has experience of representing Owners’ Interests in a technical advisory and project management role on a number of wreck removals.  He has been involved in invitations to tender, bid assessment and contractor recommendations for significant wreck removals in recent years.  Between 2012 and 2014 Paris was the project manager for LOC who represented Owners and Insurers in the Costa Concordia wreck removal.

Paris has carried out assessments of salvage risks and dangers as part of salvage arbitration process and provides salvors with on-site and office based emergency response advice.  He has appeared before arbitration tribunals in London to give expert evidence in naval architecture matters.

Prior to his career with LOC Paris worked for Lloyd’s Register of Shipping as a classification and technical investigations surveyor.  He is a Chartered Naval Architect and Member of Royal Institution of Naval Architects.

Registration & refreshments 18:00, AGM & talk 18:30, followed by a light buffet & networking

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Even by 2020, it is estimated that 70% of primary energy consumed in the UK will still come from oil and gas, much of which will come from offshore locations. With increasing water depths comes the need for advanced technical solutions to enhance safety whilst containing ever rising costs.

This is an intensive one-day course designed to acquaint people with the important aspects of offshore oil and gas and subsea operations.

Who should attend?
This course is suitable for all professionals working in non-technical roles that are associated with the offshore oil and gas, underwater technology and subsea engineering sectors

Course presenter
Bob Summers (Membership of Society of Operations Engineers, Chartered Institute of Personnel & Development, Society for Underwater Technology)

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