Decommissioning manifesto: Waiting on fish
A trio of oil industry experts have written a "manifesto" to help de-cloud the offshore decommissioning landscape.
decommissioning
Decommissioning big-hitters roll into St Andrews for annual event
Hundreds of decommissioning industry leaders will gather in Fife this week for a major conference on the future of the multi-billion pound sector.
Decom North Sea hires Leeson as interim chief
Industry body Decom North Sea (DNS) has appointed Tom Leeson as its interim chief executive with immediate effect.
Tax break could lead to rush of deals in North Sea
A ground-breaking new tax break for the oil sector will revitalise the North Sea and pave the way for a flurry of deals, industry experts said yesterday.
SNP’s Blackman hopes for movement on tax histories in Budget
An SNP MP has said she hopes to see "actual real movement" on decommissioning tax allowances in today's Budget.
Opinion: Tax history reform complex, but not impossible
The UK oil and gas industry has good reason to be expectant of further changes to the oil and gas fiscal regime in Wednesday’s Budget.
‘No time to waste’ in reforming decommissioning tax regime
The head of a North Sea industry body has urged the UK Treasury to save itself tens of millions of pounds by letting oilfield owners transfer tax histories.
Opinion: EY’s Derek Leith on what to expect from the Budget
Traditionally the first Budget of a new Parliament might be expected to lay the foundation for the remainder of the parliamentary term, and set out the broad framework of policy that the Government expect to implement.
Opinion: Taking down the decommissioning barrier to M&A
The fall in the world price of crude has been at the centre of a number of obstacles that are currently stifling many North Sea M&A transactions. This factor, along with a lack of acquisition finance and the persistent gap between the price sellers want for assets and the one buyers are prepared to pay, is making valuations hard to land. Where late life assets are concerned, decommissioning liabilities, which can often erode any value in what might otherwise be a viable transaction, are proving another major issue, preventing many deals from getting over the line.
Opinion: UK Government must support oil industry with Budget
As an industry which remains vitally important to the Scottish, and UK, economy, the Scottish Government has long been a vocal champion of North Sea oil and gas.
North Sea supply chain’s diversification drive to get £1m-plus boost
Two Scottish economic development bodies will invest a combined £1million-plus to help smaller oil service firms break the reliance on their core markets.
Drone a high-flyer when it comes to cutting costs
Drone inspections at Dounreay are saving the taxpayer tens of thousands of pounds a year, the Nuclear Decommissioning Authority (NDA) said yesterday.
Ineos says door open to north-east suppliers, but no plans for Aberdeen office
Energy giant Ineos’s oil and gas division has no plans to open a regional office in Aberdeen, a company boss has said.
Opinion: Decommissioning tax relief – burden or opportunity?
Tax relief for the decommissioning of UK oil and gas assets is an issue that has attracted much attention in recent times. The fall in oil price in late 2014 changed decommissioning from a future consideration into a present reality for a number of UK offshore fields, and there are numerous high profile examples of fields ceasing production in the past couple of years with a view to the commencement of decommissioning work.
Tax relief reform vital for bringing new investment to North Sea, Chrysaor chief says
The UK Government must let oil companies transfer tax histories if it is serious about attracting investment to the North Sea, an industry chief said yesterday.
HydraWell says new rigless well plugging method to take sting out of decom costs
A Norwegian firm has developed a new way of plugging and abandoning wells without the use of a drilling rig in a move expected to save companies huge sums.
Budget wish-list letter sparks bitter row between Tories, SNP
The north-east's Tory MPs have thrown their weight behind an appeal to the Chancellor to give the oil and gas industry more support in next month’s Budget.
Expro takes pioneering wireless technology out for a spin in North Sea
Oil service company Expro has successfully operated pioneering wireless technology which is designed to lower the cost of well-abandonment.
Opinion: Will new OGA decommissioning chief mean fresh approach?
The recent appointment of a new OGA head of decommissioning raises hope that a fresh pair of eyes might question current plans for late-life assets.
Opinion: Ross Thomson on decom tax relief
The UK Government will publish its first autumn budget next month and this is traditionally a time for reviewing the nation’s finances and proposals for taxation.
Former Brent platform manager appointed OGA decommissioning chief
The Oil and Gas Authority (OGA) said yesterday that it had appointed a new head of decommissioning.
OGA appoints new decommissioning chief
The Oil and Gas Authority (OGA) said today that it had appointed a new head of decommissioning.
Westinghouse win contract to dismantle nuclear reactor coolant system
Today Westinghouse Electric Company announced they have signed a contract with Jadrová a vyraoovacia spolocnost (JAVYS) for the dismantling of the reactor coolant systems of two VVER-440 units at the Bohunice V1 Nuclear Power Plant in Slovakia. The project is financed by the European Bank for Reconstruction and Development (EBRD).
Norway’s AF Gruppen picked for UK North Sea decommissioning work
Norwegian contractor AF Gruppen will help ConocoPhillips decommission up to seven southern North Sea platforms.
Decommissioning will be ‘huge part’ of Peterhead port’s future
If you were to ask someone in Scotland to name a fishing town, chances are they would say Peterhead. But what if you asked the same question in 400 years’ time?