Well-Safe secures further £26m to fund growth
Oil and gas decommissioning firm Well-Safe Solutions has secured a £26 million investment to fund the next phase of its growth plan.
Oil and gas decommissioning firm Well-Safe Solutions has secured a £26 million investment to fund the next phase of its growth plan.
Bosses at Kishorn Port say “momentum” is building as they work towards a multi-million pound extension of the drydock to capitalise on North Sea decommissioning.
The US company best known for wielding a heavy-lift vessel whose huge, yellow trusses have drawn comparisons with McDonald’s Golden Arches logo is preparing to take another crack at the North Sea market.
Cost efficiency. That is easily one of the most common phrases of the year with heads of business, peers, media and even family members using it when considering expenditure in 2020. To substantiate my thinking, I ran a social listening audit on conversations around cost efficiency and streamlining, paired with oil and gas, energy transition and net zero and found that conversations had increased by 7 percent from 2019 until present, which I fully expect to rise by the year end.
It’s around this time of year that Oil and Gas UK releases its eagerly-awaited annual Decommissioning Insight report. The study was first launched to enhance knowledge of the decommissioning market. It shows an industry with intellectual capability that needs to be shared to maintain competitiveness and efficiency.
The UK’s workplace safety watchdog has accused two offshore energy sector firms of putting crew at “serious risk” of catching Covid-19.
Decommissioning takes on a new global dimension as OGUK launches its first ever virtual conference to provide delegates with a dynamic, international and interactive online experience.
Hurricane Energy has set aside £16.8 million to help ensure it can cover decommissioning costs for its Lancaster field after cancelling a bond agreement.
In common with some other industry events, we took the decision to keep Decom Offshore in the calendar. Despite the difficulties wrought by the global pandemic, decommissioning has been in the headlines a number of times over the past six months. Decommissioning of offshore assets is inevitable and seismic market shifts as we’ve all recently encountered serve as a catalyst for further conversation around the timing and approach.
Decommissioning services firm Petrodec has completed its second major skidding operation with the Pickerill B topside removal.
Premier Oil has handed in decommissioning plans for its Balmoral field after deciding to end production early.
A contractor has downplayed an incident which took place during work to dismantle what’s left of the Buchan Alpha oil rig after footage appeared online.
Oil and gas decommissioning firm Well-Safe Solutions has acquired a second rig in a move it claims will spark the creation of about 100 new jobs.
Rystad Energy has argued that decommissioning an oil platform in the North Sea is “twice the cost” of the same job in South East Asia.
The operation to load-in the 14,200 tonne Ninian Northern topside at Lerwick Harbour's Dales Voe Base has been completed successfully.
The largest offshore structure to date to be decommissioned at Lerwick has arrived in Shetland.
Greenpeace activists have returned to the Brent field in the UK North Sea to protest against Shell’s decommissioning plans.
Augean North Sea Services (ANSS) has bought the EcoCentre in Peterhead to enhance its ability to manage oilfield waste material.
I’m baffled by the Curlew decommissioning saga that will now see the life-expired FPSO be dismantled in Norway rather than via the original arrangement whereby it was to be prepped in Dundee prior to being towed to Turkey for chopping up.
Data is key to good decision making in all sectors of industry and society and the Technology Leadership Board Digital Technology Theme highlights the truly disruptive potential of digital technologies. As we move towards a net zero economy, only through exploiting cross sectoral data can we achieve the potential of digital technologies, thereby aiding a smooth and sustainable energy transition. Combining data from the oil and gas and the renewables sectors with the nascent hydrogen and carbon capture and storage (CCS) industries will provide a platform for the best decision making. At the National Decommissioning Centre (NDC) we are initiating several projects which will help deliver this.
A host of north and north-east companies and projects have been given cash injections through the Scottish Government’s decommissioning challenge fund (DCF).
Plans to create an oilfield infrastructure dismantling facility in Fife have been given a six-figure boost by the Scottish Government.
Fast-tracked North Sea decommissioning projects should be used as a “skills bridge” to get hundreds of oil workers over the current job-cuts crisis and into green energy roles, a new report said.
Oil and gas firm Taqa has handed in decommissioning plans for two of its northern North Sea platforms to the UK Government.
A new oil infrastructure decommissioning facility in Fife will be ready for action by the fourth quarter of 2020, as key licences fall into place.