Scottish oil and gas decommissioning firm Well-Safe Solutions is “actively” looking at additional rigs to buy once it seals a maiden gig for the first vessel in its fleet.
Chrysaor has submitted its decommissioning plans for a southern North Sea platform to the UK Government.
Offshore engineering firm Aquaterra Energy is targeting the decommissioning market as it continues to rebuild its Aberdeen team.
Oil firm Perenco is due to begin decommissioning work at its Tyne and Guinevere installations in the Southern North Sea with the help of Fred Olsen Windcarrier.
A Scottish decommissioning company has announced the acquisition of Glasgow-based engineering firm.
Decommissioning Southeast Asia’s aging oilfields offers a vast but challenging market opportunity.
A fledgling plug and abandonment firm which recently received a £66 million investment has said it “expected” its £2.7m loss.
DecomWorld – subsidiary of Reuters Events- today announced the release their 2020 Decommissioning Market Report and International Supply-Chain Decommissioning Roadmap.
An annual offshore decommissioning conference has “left its comfort zone”, organisers said as the 2019 event drew to a close yesterday.
A UK Government official said yesterday that 2019 was a “year of scrutiny” for the offshore oil and gas decommissioning industry - and it was not a “one-off”.
The UK oil and gas industry must get more “radical” and “strategic” if it wants to make big decommissioning cost savings, an industry expert said.
The predicted cost of decommissioning the UK’s offshore wind farms has already risen to about £4 billion, the audience heard at a conference in St Andrews yesterday.
The predicted cost of decommissioning the UK’s offshore wind farms has already risen to about £4 billion, the audience heard at a conference in St Andrews yesterday.
The rise of specialist decommissioning firms could give the UK the edge in a global oilfield dismantling market worth £67 billion over the next decade, a new report said.
Learning how to decommission oilfields without demolishing the UK oil and gas industry’s net-zero pledge is the “next big step”, a new report said.
Companies are decommissioning more efficiently in the UK continental shelf (UKCS), allowing them to carry out more work for the same amount of investment.
As global decommissioning costs continue to rise, mounting obligations provide little let up for offshore operators. E&P companies increasingly plan for decommissioning throughout the full life-cycle as efforts to de-silo decommissioning and operations departments continue for many. Within this scope, asset optimisation harbours renewed potential to unlock savings both pre and post CoP.
Construction is expected to start next month on a multi-million pound project to prepare a yard in Fife for handling North Sea decommissioning jobs.
Industry body Decom North Sea (DNS) has appointed Jinda Nelson as chair of its board.
Joint hosts Decom North Sea and OGUK have published the agenda for the tenth Offshore Decommissioning Conference, to be held in St Andrews, November 25-27 .
Ineos has handed in its decommissioning programme for the Cavendish platform to the UK Government.
Dales Marine Services, already regarded as one of the leading UK ship repair and maintenance companies, is also being recognised for its expertise and prominence in the vessel decommissioning sector.
In 1975, while piloting a submersible vessel, I conducted bathymetric and obstacle surveys on the Beryl field in the UK North Sea prior to the arrival of the concrete-gravity-based platform Beryl Alpha.
Decommissioning remains a big consideration for any investor in the UKCS and, indeed, anyone divesting their interests. This is especially the case where the interests in licences which are changing hands are mature assets with a significant number of wells and attendant infrastructure.
With a decommissioning bill currently estimated at around £50 billion for the UKCS alone, the pressure is on to get the job done for even less – and smarter.