A North Sea industry veteran has expressed concerns about the UK’s ability to deliver on its decommissioning responsibilities, as well as doubts over the potential economic benefits.
The North Sea Transition Authority (NSTA) is ramping up its ‘carrot and stick’ approach to decommissioning as the regulator prepares to unveil a new TWIST.
Following the first budget of the Labour Party’s premiership, saving jobs and retaining skills within the sector are the core concerns of Decom Mission’s Sam Long.
A survey conducted by decommissioning trade organisation Decom Mission has revealed widespread frustration with regulators among several supply chain concerns.
The decommissioning sector is facing a myriad of challenges including inflationary pressures, skills shortages and a lack of project visibility according to Decom Mission, the Aberdeen-based trade body representing the industry.
Boston Consulting Group analyst, Martha Vasquez, told Decom Week in Aberdeen that some of us are concerned as to where the money needed for NorthSea decommissioning will come from.