Neptune hands $21.4m deal to Borr for Dutch and UK North Sea jobs
Neptune Energy will use Borr Drilling’s new Prospector 1 rig for a range of jobs offshore Netherlands and UK as part of a $21.4 million contract.
decommissioning
Transition deal boost for North Sea oil industry, but tougher scrutiny for explorers
A landmark £16 billion deal has given the North Sea oil industry a huge boost in its quest to transition to a low-carbon future.
Decommissioning bill for NEO – Exxon UK assets estimated at $1.1billion
The decommissioning bill for NEO Energy’s newly-acquired Exxon Mobil assets in the UK has been estimated at $1.1billion (£795m).
Odfjell wins five-platform Taqa contract
Drilling contractor Odfjell has been awarded a five-year contract with Taqa in the UK.
EVOL: Exploration ‘nuclear option’, windy business, and decom down under
Mark and Ed are away, so the digital journalists will… play…?
Swift Drilling wins long-term decom deal with Wintershall in North Sea
Swift Drilling has won a multi-year decommissioning deal with Wintershall in the North Sea.
Xodus bolsters Asia Pacific team as decommissioning boom starts
Global energy consultancy Xodus Group has appointed a new late life and decommissioning lead in Asia-Pacific following a significant increase in activity in the region.
Petrodec reactivates 40-year-old rig for UK decommissioning work
Petrodec has announced reactivation of a 40-year-old rig, which has been converted as its second decommissioning vessel for work in the UK North Sea.
Australia braces for $40bn decommissioning wave
More than A$50 billion ($40.5 billion) of necessary decommissioning work needs to be carried out on Australia’s offshore oil and gas infrastructure, over half of which must be started within the next ten years.
Taskforce confident of decommissioning activity ramp-up despite apparent loan snub
The joint heads of a taskforce are “absolutely confident” the group’s work will help stimulate an imminent ramp-up in North Sea oil-well decommissioning activity.
New tax rules aim to end ‘big debate’ on UK decommissioning
New changes for decommissioning tax rules will help end “areas of dispute” between the industry and UK government, according to a leading expert.
EnQuest starts shutting down production from Dons fields
EnQuest said today that work to halt production from the Dons fields in the UK North Sea had begun.
Decom Awards 2021 open for entries, confirmed event will be held virtually
Decom North Sea (DNS) has confirmed its fourth Decom Awards will take place virtually for the second year running.
Headcount slashed at Augean’s North Sea decommissioning business
Waste management firm Augean was back in the black during a 2020 marked by the axing of more than half of the workers at its North Sea division.
Worley supporting Allseas on Spirit Energy decommissioning job
Australian energy service firm Worley said today it was helping Allseas to decommission two of Spirit Energy’s east Irish Sea platforms.
Petrofac wins its first Australia decommissioning contract
Petrofac has won its first contract for decommissioning work in Australia after building a track record in the UK.
Brent at $60 post-Covid high: ‘Still a lot of ifs and buts’ for North Sea activity
The Brent oil price has reached its highest in 13 months, but experts say questions persist on whether activity in the UK North Sea will see a similar resurgence.
CNR International seeks contractor partner for mass North Sea decommissioning campaign
CNR International is planning a mass decommissioning campaign for nearly half of its North Sea wells by 2025, and is seeking contractors to partner on the scheme.
Augean warns of £3m impairment on North Sea decommissioning wing
Waste management firm Augean expects to record a £3 million impairment in its 2020 results linked to the decline of its North Sea business.
Chapter closed on Buchan Alpha as remains broken down for recycling
The remains of the Buchan Alpha oil platform have now been broken down and sent for recycling, completing the final stage of the long-running project.
Long-awaited UK Government decommissioning paper lacks clarity on key issues
A long-awaited UK Government paper into oil and gas decommissioning lacks clarity on certain key areas, a trade body has said.
Spirit Energy gas platforms to be dismantled in Fife
A Scottish firm has clinched its maiden contract for dismantling offshore platforms at a facility in Methil, Fife.
Disused Irish Sea gas platforms to be removed by world’s largest vessel
A pair of disused gas installations in Morecambe Bay are to be removed by the largest vessel in the world this year.
Operators put off decommissioning North Sea wells for more than 50 years
New figures have revealed that some North Sea operators have put off decommissioning oil and gas wells for more than 50 years.
Downturn heightens risk of decommissioning liabilities ‘boomeranging’
More oil and gas companies are at risk of being left to pick up a defunct partners' decommissioning liabilities due to this year’s downcycle, new analysis indicates.