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We are an innovative, robust and fast growing business, whose main focus is to deliver continues improvement to existing products and offer new sol..
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Work as part of a growing dynamic team on a wide range of technical projects with particular emphasis on experimental validation and testing
- Recruiter: University of Strathclyde
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Responsible for updating and writing electrical engineering standards, approved codes of practice and safe systems of work
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Senior electronics engineer to work as part of a team developing an MEG imaging system; working with the engineering team and external contractors.
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Whats the opportunity? Manufacturing UK is an integral part of the Operations Directorate whose principal mission is to ensure that MBDAs deliverable commitments are met...
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This High Voltage Engineer will provide design leadership for high voltage cable assemblies up to one megavolt.
- Recruiter: Essex X-Ray & Medical Equipment
- Barrow-In-Furness, Cumbria, England
Team Leader - Flank Arrays Would you like to work in a unique role within the construction of the Astute Class submarines? We currently have a vacancy for a Team Leader - Flank Arrays at our site in Barrow-in-Furness. As a Team Leader - Flank Arrays, you
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Develop new test equipment for the pharmaceutical industry. Good opportunities to grow and develop. Successful family-owned and managed business.
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- Shropshire, Telford, England
Bridge Test Facility ManagerWe currently have a vacancy for a Bridge Test Facility Manager at our site in Telford with our Land UK business.As the Bridge Test Facility Manager, you will be part of our Test & Trials team, working closely with the Mili
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Our transport technology team in Birmingham is currently growing a highly skilled and customer-focused team to...
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Oil and gas sector changes could yield billions more barrels
The current oil and gas regulator is "no longer adequate" according to the report
Changes to the way the oil and gas sector operates could produce at least three to four billion additional barrels of oil over the next 20 years, a report claims.
Implementing the recommendations has the potential to produce "at least" the equivalent of an extra three to four billion barrels of oil from the UKCS, the report claims. This would be worth approximately £20bn to the UK economy, the report says.
It highlights the "substantial contribution" the oil and gas industry makes to the economy, employment and energy security, with the sector said to support 450,000 jobs across the UK both directly and indirectly.
The equivalent of 41 billion barrels of oil have already been produced from the UKCS, with an estimated equivalent of 12 to 24 billion barrels still to come.
"Ultimate recovery is in a large part dependent on how well the UK manages the development of remaining reserves," the report insists.
The sector faces a number of challenges in the future, with any newly discovered oil and gas fields generally smaller and harder to exploit, while some of the operating equipment is more than 30 years old and is now at or beyond the end of its original intended lifespan.
Production has fallen by 38 per cent in the last three years, resulting in £6bn less in tax receipts for the Treasury, while a decline in exploration led to the equivalent of less than 50 million barrels of oil being discovered last year.
"It is essential for the future growth and prosperity of the UK that the recovery from both existing fields and new discoveries is maximised," the report says. “To achieve this goal, there now needs to be a radical step up in how government exercises stewardship of the UKCS."
There is a "lack of focus on maximising economic recovery for the UK" because operators have pursued individual commercial objections in isolation, with only a limited shared commitment to maximising recovery across parts of the UKCS, according to the report.
It also claims that the current regulator, part of the UK Government's Department of Energy and Climate Change, is "significantly under-resourced and far too thinly spread to respond effectively to many of the demands of managing an increasingly complex business and operating environment".
The creation of a new arms-length regulatory body is recommended. This should, as a priority, work with the industry to develop strategies for exploration, technology including enhanced oil recovery and carbon capture and storage, and decommissioning.
The UK Government and the industry have also been urged to develop and commit to a strategy of maximising economic recovery from the UKCS.
"The UKCS should be an attractive destination for investment, with significant opportunities still to be developed," the report says.
But "changes need to be made urgently to meet the Government's objective of maximising economic recovery from the UKCS, ensure the long-term health of the UKCS and reverse recent declines in performance".
All future licences for oil and gas developments should include a clause "making clear that in all areas of development and operation, the licence holder must act in such a way that would be consistent with the principle of maximising economic recovery", according to the report.
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