Last week, the Oil and Gas Authority (OGA) published its Decommissioning Delivery Programme – the follow up to its Decommissioning Strategy, which was published earlier this year.
The Oil and Gas Authority’s boss believes the involvement of more than one authority in UK offshore decommissioning will not frustrate North Sea companies.
The UK is set to spend billions on offshore decommissioning and removal. It is generally believed oil and gas companies will pay for this work. This is not the case. The taxpayer will fund a large proportion through tax breaks.
Oil and gas companies need to engage earlier with regulators and learn from past projects for the North Sea decommissioning sector to realise its potential, according to an industry chief.
The Oil and Gas Authority (OGA) today identified the six elements that will turn the UK into a decommissioning powerhouse.
Jeremy Corbyn has announced the Labour party will develop a decommissioning plan for the North Sea.
In the UK North Sea, a lower for longer environment has seen a number of operators accelerate their decommissioning programmes. But even an industry downturn has its silver lining. The start of decommissioning offers significant revenue for the UK’s supply chain. However, operators are faced with a lack of experience, so having the right team in place will be vital to success. If not they could face delays, rising costs and significant safety issues. Andrew Greenwood, Recruitment Director – Europe and Africa at Airswift, discusses this challenge, the decommissioning ‘dream team’ and the opportunity that lies ahead.
Energy services firm Petrofac said today it had saved Tullow Oil $2.5million on a well decommissioning job in the southern North Sea.
A decommissioning cost breakthrough is expected to set off a wave of private-equity (PE) investments in the North Sea.
Engineering consultancy ABB has started work on a contract to manage the dismantling of a refinery in south Wales.
There is nothing definite in business, just opportunities and possibilities.
Maersk Supply Service have been awarded a contract to provide decommissioning services for the Janice field in the North Sea.
Ice pigging, oil-spotting satellites, plasmabits and tyre mattresses were among the technologies on show at a decommissioning industry event in Aberdeen yesterday.
A trio of oil and gas companies told the North Sea supply chain how to get involved in decommissioning projects at an event in Aberdeen this week.
The first minister has vowed to maximise the opportunities for the Scottish economy from the dismantling of North Sea oil platforms.
An Aberdeen University professor has called for a more pragmatic approach to be adopted in the debate on North Sea decommissioning.
The industry body for North Sea decommissioning has appointed a new chairman who is on the books at Wood Group.
The boss at Gulf Marine Services (GMS) said yesterday that tendering activity for decommissioning projects in the North Sea had picked up “slightly” in recent months.
An Aberdeen-based oil and gas industry expert has called on the UK Government to take an “ethical lead” on offshore decommissioning.
North Sea operating companies are slowly coming round to the idea that the spectre decommissioning is not going to vanish, an industry chief said.
Ten companies are to showcase their work at an Aberdeen event highlighting the cost-cutting potential of decommissioning technology.
An industry chief has said there is no rush for companies to jump headlong into North Sea decommissioning.
Allseas’ giant decommissioning vessel the Pioneering Spirit yesterday completed its maiden heavy lift project.
The industry body for North Sea decommissioning will today launch a new online toolkit with “limitless potential” for improving collaboration in the sector.
North Sea decommissioning could be Scotland’s £100 million golden ticket. It’s recently been reported that between now and the mid-2050s, around 470 platforms, 5,000 wells, 10,000km of pipelines and 40,000 concrete blocks will have to be removed from the North Sea. That’s a lot of work requiring a lot of people with the right skills, complemented by the right infrastructure - a fantastic economic and employment opportunity for Scotland.