RiSE issue 5

Leader

Welcome to Issue 5 of RiSE, Balmoral Offshore Engineering’s newsletter.

As we go to press the UK/Brexit debate continues. This is causing high levels of uncertainty for businesses in the UK regarding movement of goods, people and the planning of future trade agreements.

I have always maintained that business will find a way through even the most challenging of times. We’ve lived through a lot in this particular industry so we’re used to the boom and bust cycle and have made contingency plans in connection with Brexit.

All of us operate in a global market and demand for energy continues to increase. Recent reports suggest worldwide energy demand will increase by one third by 2040. The mix, however, is changing and we are seeing more focus on natural gas and renewable sources, whether wind, wave, tidal or solar. Several oil and gas operators are moving into the renewables fields in earnest.

Supply companies, such as Balmoral, are also seeking to grow their share of the renewables market and, for us, that means developing our subsea products such as buoyancy, cable protection, bend stiffeners and restrictors to suit this sector.

With almost 40 years’ experience of designing, manufacturing and testing a wide range of mainly PU-based products for the O&G industry our streamlined facilities are ideally suited to bringing these products to market.

We were honoured to welcome HRH The Prince Charles to officially open the new Balmoral Subsea Test Centre in Aberdeen in October 2018. More than 100 guests joined us on the day to celebrate the conclusion of this £20m project.

Offering 23 test vessels, mechanical and submersion test facilities and craneage capacity of up to 40 tonnes, the centre is now fully operational. You will find more information on the facility here.

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That was totally unexpected, but I am delighted to receive the SSUK award on behalf of my colleagues at Balmoral Offshore Engineering

Jim Milne

SSUK OUTSTANDING CONTRIBUTION AWARD

I must admit to being totally surprised when it was announced that I had won the Outstanding Contribution award at the 2019 Subsea UK celebratory dinner.

I was watching Jeremy Cresswell’s video tribute to the winner on the large screen beside me, never thinking for one minute that he was talking about me, and, as the tribute went on I began to realise that, yes, he was talking about yours truly!

Naturally I was honoured and felt privileged to receive the honour and did so on behalf of the team here at Balmoral who have worked so hard over the years to secure the number one position in our part of the subsea industry.

FRIENDS OF ANCHOR

Finally, I would like to bring the Friends of ANCHOR 2019 campaign, ‘ANCHORED Together’, to your attention.

As you may know, Friends of ANCHOR is Balmoral’s in-house charity and all running costs are covered by the company. This means that every penny donated to the charity is used by the charity, something that sets us apart in the sector.

A new cancer and haematology facility is set to open in Aberdeen in 2021 seeing the £32m ANCHOR Centre replace the out-patient departments at the Foresterhill Health Campus. The new centre will be used by an estimated, and somewhat breathtaking, 65,000 patients a year.

Friends of ANCHOR has committed to raising £2m for the centre – an ambitious sum and one that we hope you can help us achieve. Find out how you can get involved here – it would be great to have you on board.

We will be present at a number of exhibitions this year; OTC, UDT, OGA, GOW, OE and OTC Brasil, our teams would be delighted to see you there.

Jim Milne CBE Chairman and Managing Director, Balmoral Group

RiSE issue 5

RiSE issue 5

RiSE issue 4

RiSE issue 4

RiSE issue 3

RiSE issue 3

RiSE issue 2

RiSE issue 2

RiSE issue 2

RiSE issue 1

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