The UK energy sector supply chain has been challenged to deliver greater innovation-driven efficiencies to support a more sustainable industry at NOF Energy’s annual conference and exhibition.
Speakers at ‘Energy: A Balanced Future’, held at Sage in Gateshead and attended by more than 450 delegates, included Apache North Sea and INEOS, together with major contractors such as Amec Foster Wheeler and JDR Cables.
They highlighted the integral role of a technology-led supply chain in achieving efficient onshore and offshore operations in the changing economics of the international energy market.
They also reinforced the industry’s desire to achieve better standardisation across technologies and working practices as an essential element of its efficiency targets.
Much of the focus was on the value of diversification within the supply chain.
The diversification of the supply chain was also central to discussions around decommissioning and how the UK can maintain its position at the forefront of the sector through improved efficiencies.
NOF Energy chief executive George Rafferty said: “While the low oil price dominates conversations among politicians and economists, the energy industry has to be focused on delivering greater efficiencies that enable it to become sustainable and effective.
“Of course, this is centered on the oil and gas industry, but other energy sectors, from offshore wind to the emerging tidal and onshore gas markets, will benefit from innovative supply chain solutions.
“Energy: A Balanced Future also reinforced the desire of operators and lead contractors to establish closer working relationships with the supply chain.
“Our speakers were very clear that they need effective and innovative companies to be part of their improved operational structures and trust the expertise of the supply chain to deliver solutions.”
Supported by platinum sponsor North East Local Enterprise Partnership, additional sponsors include Silver Sponsor Engica and Bronze Sponsor UK Trade & Investment, the conference, which is in its sixth year, provides a major platform for debate and discussion surrounding the supply chain’s role in achieving a balanced energy mix.