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Five key things we learned at Offshore Northern Seas (ONS) 2018

Five key things we learned at Offshore Northern Seas (ONS) 2018

International work is a key part of our business. The Nordic region, and Norway in particular, is an important focus for Burness Paull. As a result, from 27-30 August we were at the biennial Offshore Northern Seas exhibition (ONS) in Stavanger.

The event was a great success - with almost 70,000 visitors from 98 countries and over 1,100 exhibitors from 37 countries.

Here are the five key takeaways from the event:

  1. Innovate: The theme for ONS 2018 was innovation. It was clear from the exhibitors, clients and intermediaries we met that the present and future of the energy industry in the North Sea is dependent on innovation. There were some incredible and cost-effective innovations on display, from Burness Paull client Wellsense’s FibreLine Intervention Technology, a revolutionary method of well data acquisition, to Typhonix’s Typhoon Valve System, a cost-efficient solution to improve water treatment systems, to name just two. There is clearly significant appetite - and funding available - for genuinely innovative ideas and technology.
  2. 28 E&P companies exhibited: There was a very impressive showing from the operators at ONS, from new small players with a handful of licences, new but significant players like Neptune and Spirit and right up to the super majors and NOC’s. This reflected both an increase in activity, the quality of the conference and the importance upstream companies put on it and the diversification of the North Sea into a basin operated by an increasing range of players.
  3. A focus on all energy types: With one hall dedicated to green energy and excellent conference sessions from the likes of Statkraft and Equinor, there was a real buzz about the more diverse energy future that companies are planning for. Project highlights included Statkraft’s UK interconnectors, Equinor’s Hywind and Total’s Carbon Capture projects. It is clear that the traditional major oil & gas players now see alternative energies as a key part of their business.
  4. Aberdeen putting its best foot forward: We were delighted to partner with the Department for International Trade, the Energy Industries Council, Invest Aberdeen, The Oil and Gas Technology Centre and Scottish Development International in hosting a seminar on the UKCS Market. It was fantastic to see Invest Aberdeen out at the event banging the drum for the North East of Scotland. With enthralling stories to tell on the city’s Oil & Gas and Green Energy achievements the team’s eye-catching new video fitted perfectly with the forward-looking themes of the conference.
  5. Stavanger puts on a great show: Stavanger as a city really embraced the event. Despite some inclement weather the atmosphere at the port was bustling and full of energy. There were evening receptions being held by exhibitors and visitors alike all around Stavanger, and there was a real feeling of the city and region being 100% behind ONS and the energy industry. It’d be great to see Aberdeen create a similar atmosphere for Offshore Europe in 2019 and we are sure that Invest Aberdeen will be pushing to do just that.

The North Sea has a clear and exciting future in energy. We are very much looking forward to developing our relationships with the people we met at ONS and to creating more at Offshore Europe in 2019.

Jamie Stark and Ralph McIntosh would be happy to discuss any queries in connection with ONS or the Nordic region.

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Jamie Stark
Partner, Head of Norway desk

Ralph McIntosh
Director, Member of Norway desk

Burness admin