Time to face up to reality on decom liability, academic says
The UK Government will be lumbered with liability for oil fields as operators transform or disappear completely over the coming decades, an industry commentator has said.
decommissioning
Decommissioning pace eases as newcomers extend production, OGUK says
Higher oil prices and industry’s “relentless focus” on efficiency have pushed decommissioning projects further into the future, a flagship report said.
Updated: Ultra-deep port could generate revenues of £580m, EY report says
Scotland’s first ultra-deep-water (UDW) port would have to secure 10 decommissioning projects to pay for itself, a flagship report said.
UK Government builds up £1bn kitty to protect taxpayer from decom costs
Nearly £1 billion worth of security has been squirreled away to protect UK taxpayers from being slapped with excessive decommissioning bills, a UK Government official said.
Energy minister to open annual offshore decom conference
Scotland's energy minister will launch the annual Offshore Decommissioning Conference in St Andrews today.
Aberdeen Harbour expansion to ‘revolutionise’ quayside decom work
Aberdeen Harbour Board has said its £350million extension project will “revolutionise” the way quayside work is carried out, especially for decommissioning operations.
CessCon eyes decom base in Methil
A decommissioning specialist has taken a step closer to setting up a scrapping facility at the Fife-based birthplace of numerous oil rigs.
‘Moonraker’ heavy lift vessel to create 500 Tayside decom jobs
An ambitious bid to build the UK’s largest heavy lift offshore decommissioning vessel could create up to 500 jobs for Tayside and leverage tens of millions of pounds of inward investment into the city.
Scrutiny of decommissioning rules heating up, Aberdeen law professor says
Oil industry bosses are more vigorously questioning whether current rules for leaving installations in the North Sea are fit for purpose, an Aberdeen academic said.
OPINION: Cutting decommissioning costs. What’s not to like?
This week Greenpeace provided written evidence to the Future of the Oil and Gas Industry, Commons Select Committee. The topic was decommissioning and the position Greenpeace presented was one of support for OSPAR 98/3.
OPINION: Infrastructure removal better for circular economy than derogation, Greenpeace says
As we stressed in our evidence to the Select Committee, in continuing to support the removal of offshore oil and gas installations at end of life, Greenpeace is in line with the approach to decommissioning that was only months ago reaffirmed by all 15 countries that are party to the OSPAR Convention, including the UK.
Legal questions under the spotlight for North Sea decommissioning
Unanswered legal questions on North Sea decommissioning, including the potential cost to the taxpayer, will be addressed at an industry event tomorrow.
Marine jobs potential after ‘shock of North Sea oil exploration’
Keeping old oil and gas platforms in place could be a “triple win” for the North Sea, creating a fresh wave of employment, according to a conservationist group.
Decommissioning hub in Lerwick with trusted logistics provider
Dales Voe has been named as the preferred location for the UK’s first ultra deep-water port and has an approved planning application to increase the decommissioning capabilities on site, opening up a unique opportunity for North Sea operators in the region.
Ardent’s new design is a boon for decom
Ardent, the premier marine salvage, emergency response and decommissioning contractor, has completed the design of an external buoyancy system called Archimedes, to recover jackets.
R2S: Decommissioning learning curve
Perhaps it’s the overtly political nature of it, the multiplicity of stakeholders, the need for problem-solving or the sheer finality of it, but offshore decommissioning has been an area of interest to me since I first joined Return To Scene in 2013.
Technology key to maximising the late life of field potential, Expro boss says
With UK decommissioning expenditure estimated at £55.7 billion, it’s no surprise that this offers a significant opportunity for many companies. From a well abandonment perspective alone, activity is set to increase from £1.2bn in 2016 to an expected £1.5–2bn per year through to 2025, according to Oil and Gas UK (OGUK).
A fit new approach to decommissioning
For the uninitiated, there may not be any obvious connections between North Sea decommissioning and Crossfit – a high-intensity fitness programme – however Oil and Gas UK’s (OGUK’s) new decommissioning manager sees things differently.
New decommissioning centre to move needle on costs, tech deployment
Buoyancy systems, laser cutting tools and thermite plugs all feature in a combined effort by industry and academia to turn the north-east into the world’s leading provider of decommissioning technology.
CMS: New models for old oil platforms?
Decommissioning is now a significant part of the landscape of activity in the UKCS – annual decommissioning expenditure has topped £1 billion since 2015 and may come close to £2bn when Oil and Gas UK reports its estimate for 2018 later this month.
Aberdeen harbour: In demand for decommissioning
Demand for decommissioning services in Aberdeen Harbour have been steadily growing for several years now – but in 2018 the port has been a hive of decom activity. Nearly 2,000 tonnes of material has crossed the quayside from high-profile projects, such as the Maersk Leadon and Janice, and Shell’s Brent Alpha projects. The Harbour has also accommodated materials inbound from Nexen’s Plug and Abandonment Programme.
Benchmarking and beyond with Achilles
As global economies transition away from fossil fuels towards more sustainable energy sources, the shutting down of oil and gas operations presents a huge decommissioning challenge.
Decommissioning: It’s not over until it’s over
Is decommissioning and the demise of oil and gas being heralded prematurely within the UKCS, with prospects recently announced onshore near Gatwick and west of Shetland through BP and Total? Fracking in Lancashire has been given the go ahead and it won’t be long before we see this in the central belt of Scotland, utilising Grangemouth and extending its life even further.
We need to decommission absolutely everything as fast as we can
Got your attention?
JD Neuhaus: ‘Our values will deliver our vision’
When a company sells a division, the restructuring that follows often creates a chance to review its values and vision, as JD Neuhaus UK managing director Steve Walker explains.