Why is decommissioning not a cost to the taxpayer?
Derek Leith’s recent Energy Voice post – Busting the decommissioning tax myths - has resulted in a lot of mud being thrown at me.
Derek Leith’s recent Energy Voice post – Busting the decommissioning tax myths - has resulted in a lot of mud being thrown at me.
In the 12 short months since my team and I attended Adipec 2018, so much has changed.
Dales Marine Services, already regarded as one of the leading UK ship repair and maintenance companies, is also being recognised for its expertise and prominence in the vessel decommissioning sector.
In 1975, while piloting a submersible vessel, I conducted bathymetric and obstacle surveys on the Beryl field in the UK North Sea prior to the arrival of the concrete-gravity-based platform Beryl Alpha.
Decommissioning remains a big consideration for any investor in the UKCS and, indeed, anyone divesting their interests. This is especially the case where the interests in licences which are changing hands are mature assets with a significant number of wells and attendant infrastructure.
Nigeria and Angola are coming to terms with the regulatory and legal demands of decommissioning, with scope for knowledge transfer from more mature regions.
In just four years, Ardent Global has evolved from being solely focused on emergency management services and wreck removal to a company that has also expanded into the offshore decommissioning and the subsea sector.
With a decommissioning bill currently estimated at around £50 billion for the UKCS alone, the pressure is on to get the job done for even less – and smarter.
A couple of years ago, outgoing US energy secretary Rick Perry was mocked for a verbal gaffe.
As decommissioning becomes a significant part of activity on the UK Continental Shelf, more businesses are taking the opportunity to expand their existing offerings to include decommissioning-related services.
It was the beginning of an exciting week when Greenpeace announced they had sent activists to the middle of the North Sea to climb the remains of Shell’s Brent platforms, brandishing signs of “clean up your mess”.
At the Offshore Decommissioning Conference which Oil and Gas UK co-hosts with Decom North Sea, OGUK will launch its flagship Decommissioning Insight report and highlight new supplementary guidelines which capture how fast the sector’s knowledge of project scopes has grown in recent years.
Subsea scanning specialist Viewport3 has announced its entry into the UK decommissioning market with a pair of new contracts worth a combined £100,000.
Shell has received the green light to decommission its Goldeneye platform in the North Sea.
A boss at Shell has insisted that leaving the huge concrete legs of the Brent platforms at sea was the “right thing to do”.
It’s no secret that the global decommissioning market is hotting up. With enormous opportunities in the pipeline, contracts are being rolled out across the globe over the next 12 months.
Neptune Energy has kicked off decommissioning of its Juliet field in the North Sea with the removal of a huge subsea manifold.
A rule placing liability on operators for any post-decommissioning incidents could be a “key part” of the Shell Brent debate, according to a petroleum economist.
As someone with a keen interest in decommissioning decision making, I have followed the Brent decommissioning saga with that same keen interest.
It’s not often that the aquaculture and energy sectors are talked about in the same sentence in Scotland. Yet, in Norway, for example, salmon is often considered to be the long-term replacement for oil and gas as the linchpin of the country’s economy.
Germany has said a special meeting on Shell’s Brent decommissioning plans will be the “litmus test” for a convention to protect Europe’s marine environment.
An Aberdeenshire start-up has said it will look to double its current workforce thanks to an increase in decommissioning work.
Greenpeace said last night that protestors would occupy two North Sea oil platforms for “as long as needed” to get their message across.
An academic has asked whether removing concrete structures within Shell’s Brent platform legs is the right thing to do as such an operation would include risk to life.
The Dutch government has protested Shell’s decommissioning plans for the Brent field ahead of a key meeting next week.