Oil & Gas News, March 2018

The oil and gas industry regulator has raised its forecast of what can be recovered from the waters around the UK over the next three decades. Changes in the way the sector operates are thought to have unlocked the potential for a further 2.8 billion barrels of oil or the gas equivalent.   It is now estimated that 11.7 billion barrels could be recovered between 2016 to 2050.   More than 43 billion barrels have been extracted from UK waters so far. Peak production was ... Read more

Power Generation News, March 2018

Derby’s Rolls-Royce factory has signed a contract with EDF Energy to provide heat exchangers for nuclear island systems at Hinkley Point C nuclear power station. Rolls-Royce was selected in 2016 as preferred bidder for the heat exchangers, along with the primary, liquid and gaseous waste treatment systems and ultimate diesel generators.   A team of 80 Rolls-Royce engineers and supply chain specialists are currently working on the projects at its Barnwood, Derby and Warrington bases.   Hinkley Point C is the first nuclear power plant ... Read more

Automotive News, March 2018

Jaguar Land Rover saw its sales slip last month, dragged down by falls in the UK and Europe. It was still the West Midlands-based luxury carmaker’s second best February in its history, as the new Range Rover Velar and Land Rover Discovery helped boost sales.  But solid demand in China – up 3.3% – and in markets such as the Middle East and Russia failed to generate enough growth to counter the falls elsewhere. Overall sales for Jaguar Land Rover were ... Read more

Marine News, February 2018

Rolls-Royce will consider selling its lossmaking commercial marine business as chief Warren East launches a new round of cost-cutting in a bid to accelerate his of cost-cutting in a bid to accelerate his shake-up of the blue-chip engineering business.  Mr East is said to be looking at the strategic options for the marine business as part of a wider restructuring plan that includes consolidating Rolls-Royce’s five business units down to three. Mr East said there was a need to “reinforce behavioural ... Read more

Manufacturing News, February 2018

  The three-month average pay settlement in January was 2.4%. This was higher than the average of 2.1% across 2017 with the average for the month of January itself a shade higher at 2.5%. Throughout 2017 there was a gradual acceleration in pay growth across the sector as inflationary pressures kicked in and business conditions improved. Settlements at the start of 2017 were running at an average 1.8% increase, and ended the year at 2.3%.   At the start of 2018, elevated CPI inflation ... Read more

Oil & Gas News, February 2018

Bans around the world on single use plastic items such as carrier bags will dent growth in oil demand over the next two decades, according to BP. The UK-headquartered oil and gas firm said it still expects the global hunger for crude to grow for years and not peak until the late 2030s.   The company’s energy outlook report, forecasts demand peaking at about 110m barrels per day between 2035 and 2040, up from around 97mb/d today. Much of the growth comes from ... Read more

Aerospace & Defence News, February 2018

In 2017, aircraft deliveries were worth up to £29bn to UK industry as manufacturers in this country and around the world again raised their production rates to set a new annual record.  Both orders and deliveries in December provided an end of year surge that broke a series of industry records, according to figures from trade body ADS.   A total of 213 deliveries in the last month of 2017 – the highest monthly figure of the year took the overall figure for ... Read more

Power Generation News, February 2018

  Renewable output rose by 27% over 2017 due to windier weather and new capacity coming online, according to the latest Electric Insights report from Imperial College London.   Wind, solar, biomass and hydro together produced 96TWh of electricity during the year – more than enough to power the whole of Great Britain in 1958.   The quarterly report commissioned by Drax shows low-carbon sources, including nuclear, accounted for half of all electricity production, as fossil fuel generation dropped by a tenth. 2017 was a “watershed ... Read more

Automotive News, February 2018

UK car manufacturing output held steady in January 2018, with just 72 fewer vehicles produced than in the same month last year. Export drove overall volumes, whereas the domestic demand declined, study has revealed.  According to a new SMMT report UK car industry output in the month fell by a negligible -0.05% year on year, as 147,481 cars rolled off production lines – effectively maintaining the nine-year high set in January 2017.   Exports drove overall volumes, with output for overseas customers rising ... Read more

General Industrial News, January 2018

Britain’s manufacturers are set to benefit from a boom in overseas demand this year, with companies said to be more optimistic about the prospect for the global economy than at any time since 2014, new research by EEF and AIG has shown.   The balance of companies expecting an improvement in global conditions has reached the highest level in four years, the 2018 EEF/AIG Executive Survey has shown.  More than 40% of companies expect trading conditions to be better than last year, compared ... Read more
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