Exclusive: Brae Area partner defaults on decommissioning costs after buying stake for 75pence
A company which bought stakes in the Taqa-operated Brae Area for just 75pence last year has now defaulted on its decommissioning liability.
A company which bought stakes in the Taqa-operated Brae Area for just 75pence last year has now defaulted on its decommissioning liability.
A new decommissioning steering group launched by trade body Oil & Gas UK (OGUK) will lead the sector in delivering safe and environmentally sound decommissioning, while meeting decarbonisation goals.
Pressure is mounting on UK Continental Shelf operators to clear away dead wells from the North Sea.
As strange as it may seem, the North Sea, in its current form anyway, is slowly but steadily entering its twilight years.
North Sea decommissioning is estimated at £46billion and the regulator recently warned that the industry may fall short of its cost cutting target. However, "groundbreaking” deals are emerging which could make significant headway.
Metal recycling and decommissioning firm John Lawrie has nearly doubled its staff after a seven-figure investment in its Angus repurposing facility.
Harbour Energy has submitted plans to decommission a series of platforms and pipelines around the Lincolnshire Offshore Gas Gathering System (LOGGS).
Well-Safe Solutions has bagged a second decommissioning contract for the Well-Safe Guardian in less that a month.
Heerema's Thialf has removed Shell’s Goldeneye wellhead platform, almost 20 years after the semi-submersible crane vessel (SSCV) installed the structure.
A new initiative aimed at accelerating the pace at which plug and abandonment (P&A) technology is qualified and commercialised has been launched.
Waste specialist Veolia has dismissed any suggestion that the smoke seen billowing from the decommissioned Ninian Northern platform in Shetland could have been toxic.
A £1.6million simulator has been unveiled which is expected to “transform” the way oil platforms are decommissioned and new energy projects are installed in the North Sea.
Well-Safe Solutions has landed a “groundbreaking” decommissioning campaign contract with Repsol Sinopec in the UK North Sea.
Ardyne has won an 86-well decommissioning contract in the North Sea, understood to be with operator EnQuest on the Heather and Thistle platforms.
Ithaca Energy has employed Heerema’s Thialf heavy lift vessel, the second largest in the world, to remove its small Jacky installation, around 12 miles east of the Moray Firth.
Orkney is pushing ahead with plans to develop the Lyness port into a decommissioning base after a snub from the Ministry of Defence (MoD) over a decades-old oil spill.
Decommissioning offers an “exciting” growth area for oil and gas at a time when much of the industry is in decline, according to a leading market analyst.
John Lawrie Metals (JLM), of Aberdeen, is to build an oil and gas infrastructure decommissioning facility in Montrose.
Spirit Energy has decided it will finally decommission the Chestnut field in the North Sea, more than a decade after it was first expected to be shut in.
North-east firm Legasea, set up in 2019 to recover oilfield equipment and make it fit for reuse, has doubled the size of its workforce since January.
Taqa has reached a major milestone in one of the North Sea’s largest decommissioning projects, removing the topsides of the Brae Bravo platform.
Northern Irish company Decom Engineering has announced plans to expand its operations with a new north-east base.
Well-Safe Solutions bosses have said higher oil prices, an easing of the pandemic and careful management of the firm’s cost base have positioned it to take advantage of an upturn in decommissioning activity.
Costs of decommissioning the Greater Dunlin Area in the North Sea have increased by £25million in the last year, with the completion timeline slipping.
The former McDermott fabrication yard at Ardersier is under new ownership, it was announced last night.