Operators could face fines as North Sea decommissioning still lags
The pace of North Sea oil and gas decommissioning continues to lag behind targets, with operators who fail to comply being liable to face fines of up to £1 million.
The pace of North Sea oil and gas decommissioning continues to lag behind targets, with operators who fail to comply being liable to face fines of up to £1 million.
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.
Italian oilfield services firm Saipem (BIT: SPM) has awarded Petrofac a new multi-million-pound deal to support the decommissioning of a platform in the UK sector of the North Sea.
Researchers at the University of Edinburgh have been handed £125 thousand to develop their wind turbine recycling process.
Energy trade body, Offshore Energies UK (OEUK), is set to host its Offshore Decommissioning Conference next month with sessions hosted by industry experts.
A discovery of “deepwater coral” on the legs of the Ninian Northern platform has rekindled a debate on whether oil installations should be fully removed from the seabed.
Thompsons of Prudhoe has secured contracts to help decommission a trio of North Sea assets, working in collaboration with Heerema and DeepOcean.
Dozens of oil rigs were sold for scrapping in 2020 as the drilling sector dealt with the impacts of Covid-19, according to market-watcher Bassoe Offshore.
Shell submitted plans in 2017 to leave the giant legs of three of its four Brent platforms and some other infrastructure in the North Sea.
The chief executive of the Oil and Gas Authority (OGA) has urged “pace” on research into low carbon options to reuse North Sea infrastructure.