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.
As decommissioning becomes a significant part of activity on the UK Continental Shelf, more businesses are taking the opportunity to expand their existing offerings to include decommissioning-related services.
A boss at Shell has insisted that leaving the huge concrete legs of the Brent platforms at sea was the “right thing to do”.
The founder of north-east decommissioning firm Well-Safe Solutions is to step down following a £66 million investment in the business.
Spirit Energy has handed in a draft decommissioning programme for one of its southern North Sea fields for the UK Government to review.
Increased profits at the Port of Dundee helped operator Forth Ports to profits of almost £100 million last year.
Gulf Marine Services (GMS) has made progress in shoring up its future but much rests on its negotiations with lenders.
Oil and Gas UK forecast that by 2027, the spend on decommissioning in UKCS will reach £15.3 billion.
North Sea decommissioning costs were £400million lower than expected in 2018, according to a new report from the Oil and Gas Authority (OGA).
Executives from Brazil’s biggest port said they want to “copy and paste” Dundee’s decommissioning success on a visit to the city this week.
Bosses at hazardous waste management company Augean said today that they are targeting further growth in the North Sea decommissioning market.
Aberdeen Harbour Board has released a video of decommissioning work taking place for Total’s Leadon field in the North Sea.
The delivery of a North Sea oil platform to Lerwick highlights the Shetland port’s status as a “centre of excellence” for decommissioning, a joint-venture has said.
North Sea decommissioning cost forecasts have dropped because companies are "holding up a mirror up to themselves" and sharing lessons, according to a top industry boss.
The UK Government has given CNR International's plans for decommissioning the Ninian Northern platform the seal of approval.
Well-Safe Solutions is moving headquarters in Aberdeen following a key contract win and the acquisition of its first asset.
US oil major ConocoPhillips has handed in its plans for decommissioning the MacCulloch field to the UK Government.
Shell's Curlew vessel has arrived in Dundee for cleaning and waste disposal as part of a contract with Augean North Sea Services (ANSS).
The UK oil and gas industry is starting to get “very good” at decommissioning, the sector’s top regulator said yesterday.
A key industry report detailing the cost of decommissioning on the UK Continental Shelf and the progress being made by industry, government and regulators to reduce costs by more than 30 per cent will be unveiled at OGUK’s upcoming business breakfast in London.
The Pioneering Spirit vessel has removed the original accommodation platform for the Valhall field in the Norwegian North Sea.
An Aberdeen-headquartered firm has made a huge breakthrough in its mission to become a dominant force in the oil-well decommissioning market.
The head of Whalsay Energy has said the North Sea oil industry needs to address high spending on “pseudo-dead” facilities after they stop producing.
A boss at Neptune Energy has warned the industry to “move from a 20th century approach” to decommissioning.