The dramatic fall in the oil price at the start of the year has accelerated decisions by some operators to move to cessation of production, with announcements from Premier on Balmoral and Enquest on Thistle, Heather, Deveron and Broom.
Frustrated by uncertainty around project schedules offshore UK, North Sea decommissioning firms are increasingly looking overseas for work, a sector chief said.
Oil and gas decommissioning firm Well-Safe Solutions has secured a £26 million investment to fund the next phase of its growth plan.
Bosses at Kishorn Port say “momentum” is building as they work towards a multi-million pound extension of the drydock to capitalise on North Sea decommissioning.
The US company best known for wielding a heavy-lift vessel whose huge, yellow trusses have drawn comparisons with McDonald’s Golden Arches logo is preparing to take another crack at the North Sea market.
Cost efficiency. That is easily one of the most common phrases of the year with heads of business, peers, media and even family members using it when considering expenditure in 2020. To substantiate my thinking, I ran a social listening audit on conversations around cost efficiency and streamlining, paired with oil and gas, energy transition and net zero and found that conversations had increased by 7 percent from 2019 until present, which I fully expect to rise by the year end.
It’s around this time of year that Oil and Gas UK releases its eagerly-awaited annual Decommissioning Insight report. The study was first launched to enhance knowledge of the decommissioning market. It shows an industry with intellectual capability that needs to be shared to maintain competitiveness and efficiency.
Shell has announced plans to begin testing North Sea workers for Covid-19 before they head offshore.
Chevron is seeking contractors for a major retirement campaign across the Gulf of Thailand as the Southeast Asian nation braces for a huge wave of decommissioning.
Decommissioning takes on a new global dimension as OGUK launches its first ever virtual conference to provide delegates with a dynamic, international and interactive online experience.
Kishorn Port Limited (KPL) has submitted plans to extend its drydock for decommissioning of oil and gas FPSO vessels.
Work is being carried out to remove “attic oil” from the Brent Bravo installation - which has been the subject of widespread environmental concerns - after Shell estimated none was there.
Well-Safe Solutions has welcomed its newly-acquired Well-Safe Protector rig to a yard in Norway ahead of its move to the UK.
Stena Drilling has signed a new contract with Noble Energy for decommissioning work offshore Israel.
Hurricane Energy has set aside £16.8 million to help ensure it can cover decommissioning costs for its Lancaster field after cancelling a bond agreement.
The UK North Sea oil industry may have reached its own Kodak moment, said Stuart Payne, a director at the sector’s regulator.
The UK Home Office considered putting asylum seekers on decommissioned North Sea oil platforms for “processing”, a news report said.
More than 80% of UK oil and gas workers are considering leaving the industry, according to a new report from climate action groups.
Premier Oil has handed in decommissioning plans for its Balmoral field after deciding to end production early.
The upgrading of Kishorn Port (KPL) as its owners bid to win more work from the oil and gas, renewable energy and decommissioning sectors has continued, with the establishment of new on-site accommodation for workers at the remote Wester Ross facility.
A contractor has downplayed an incident which took place during work to dismantle what’s left of the Buchan Alpha oil rig after footage appeared online.
Oil and gas decommissioning firm Well-Safe Solutions has acquired a second rig in a move it claims will spark the creation of about 100 new jobs.
Rystad Energy has argued that decommissioning an oil platform in the North Sea is “twice the cost” of the same job in South East Asia.
A decision on whether Shell will be allowed to keep the giant legs of the Brent field in the North Sea forever has been “postponed”.
The operation to load-in the 14,200 tonne Ninian Northern topside at Lerwick Harbour's Dales Voe Base has been completed successfully.