UK spent ‘more money doing less’ on decommissioning in 2023
Rising costs meant North Sea operators spent "more money doing less work" on offshore decommissioning in 2023, according to an industry report.
Oil & Gas
The solution to the energy recruitment crisis that everyone ignores
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Aberdeen’s Well-Safe Solutions secures £20m in North Sea decom contracts
Well decommissioning specialist Well-Safe Solutions has secured two contracts with North Sea operators worth $25 million (£19.8m).
Subsea firm Tekmar wins £1.5m contracts in Middle East
North East England-based Tekmar Group (AIM: TGP) has announced it has won contracts worth over £1.5 million with customers in the Middle East.
Petrofac extends loan payment ‘forbearance’ once again
Beleaguered oil field services group Petrofac (LON:PFC) has struck a deal to delay payment to lenders another month as the debt-burdened firm continues its restructuring plan.
Rosebank axing would cost jobs and money, court hears
A landmark hearing concluded Friday that will decide the future of Rosebank, the UK’s largest undeveloped oil field.
Ocean Winds installs final turbine at Moray West
Ocean Winds has installed the 60th and final wind turbine at its Moray West offshore wind farm in the Moray Firth.
Power Moves: Rovtech’s new chief executive and more
John Polson has been joined Rovtech as its new chief executive.
World leaders at COP29 agree ‘international carbon market standards’
Commitments at this year’s UN climate talks are ramping up fast, though the conference in oil-producing Azerbaijan has been mired in controversy.
Elemental Energies and Archer team up for decom JV
Aberdeen’s Elemental Energies and Archer have formed a joint venture to pick up plugging and abandonment work in the North Sea as decommissioning spending is set to double.
Deltic shares surge on ‘highly encouraging’ Shell backing for Selene well
Shell (LON:SHEL) has given the green light to the next stage of a gas discovery in the Southern North Sea, delivering a shares boost for its partner Deltic Energy (AIM:DELT).
Aberdeen firm Plexus wins $1 million order in the Middle East
Plexus Holdings PLC (AIM:POS) has won a deal to supply its wellhead equipment to an an offshore gas exploration project in the Middle East.
Deltic contemplates Selene stake farm down to reach FID
As the windfall tax bites, Deltic Energy’s new CEO Andrew Nunn explains how his attention is turning overseas.
Courts to decide if petrol emissions are death knell for UK’s largest oil field
A hearing in the Scottish courts this week will decide if planning consent for the UK’s largest undeveloped oil field, and a mature gas basin in the North Sea, will be blocked due to emissions produced by end-use petrol and gas customers.
DeepOcean, Exceed partner on P&A services for decommissioning market
Norwegian ocean services provider DeepOcean and Aberdeen-based well management firm Exceed Energy have entered into a collaboration agreement to supply vessel-based well plug and abandonment (P&A) services. These will be offered to the decommissioning market globally.
Dutch court overturns order for Shell to take responsibility for petrol emissions
A Dutch court has overturned a landmark ruling against Shell that would have forced the oil company to reduce emissions produced by its petrol customers.
Wressle planning ‘formally rescinded’ as Shell and Equinor go to court
Oil field planning overturned following court case as major North Sea assets Rosebank and Jackdaw come under scrutiny.
Energy transition akin to Industrial Revolution – Centrica speaks out on scale of challenge
The energy transition requires the sector to grapple with the Fifth Industrial Revolution.
Bristow to add four new AW189 helicopters to North Sea fleet
Bristow and Leonardo have finalised a series of long-term agreements that will deliver new helicopters and enhance training facilities in Aberdeen.
Power Moves: MDL’s new director of strategy and more
Aleksandra Jurczak has been appointed as director of strategy and marketing at equipment solutions provider Maritime Developments Ltd (MDL).
‘Rethink everything’ to crack Middle East energy markets
Viewed from a challenging UK environment, the Middle East - with its enormous natural resources and supportive regimes - can seem like a utopia. The reality is different.
Omani firm Petrogas makes first gas discovery in UK North Sea
Omani operator Petrogas has announced its maiden offshore gas discovery in the UK North Sea following a recent drilling campaign.
Apache to cease North Sea production by 2030 due to windfall tax
North Sea operator Apache (NYSE:APA) has said it will cease operations in the UK by the end of 2029, blaming the impact of the windfall tax.
What Kemi Badenoch means for the UK’s fragile consensus on climate change
The UK has historically had a cross-party consensus on the need to tackle climate change among most politicians and voters. Only five MPs voted against the Climate Change Act in 2008, and both Labour and the Conservatives have committed to the targets enshrined in it at each subsequent election.
Career opportunities arise within decommissioning
Successful removal of platforms weighing upwards of 30,000 tonnes is taking the decommissioning industry to new levels of high-tech excellence with projects around the UK coastal shelf, but that does not reduce the challenge.