Ensuring Scottish companies are given support from government to win contracts to decommission major oil and gas assets is an industry priority of the SNP, and a key focus of ours when we address what the sector needs now and in the near future.
There is no doubt that decommissioning represents a major economic opportunity for the UK over the coming decades.
A lack of leadership by the Scottish Government could see the country lose out on billions of pounds of decommissioning work in the North Sea, with union leaders claiming it does not fit the SNP’s “political narrative” to invest in the area.
Since its inception in 2010, Decom North Sea has grown to more than 350 global members drawn from operators, major contractors, service specialists and technology developers, and plays a vital role in solution development and cross sector learning and is helping to build supply-chain capability.
EDF said its aims to snap up a share of the global nuclear decommissioning market which is said to be worth an estimated €200billion.
The Oil and Gas Authority (OGA) has outlined its top three priorities in its newly published decommissioning strategy, including 35% decrease in costs.
This footage shows the incredible steps oil major Shell has been taking in the North Sea on its Brent decommissioning project.
Maximising economic recovery, the watchwords of Sir Ian Wood’s review for the UK government and hardwired into the remit of the OGA, is not just about exploration and production.
Benjamin Franklin said only two things were certain in life − death and taxes. But according to Stephen Halliday, group president of Wood Mackenzie, a third can be added – decommissioning. Mr Halliday said the UK can defer decommissioning for as long as possible, but “it is coming” and the North Sea will be the first basin “to the line”.
The north and north-east could be in line to benefit from a boom in oil and gas decommissioning jobs.
Engineering firm Costain will use the discipline of operating within the tight margins of civil engineering and utilities sectors as it looks to make a mark in the oil and gas decommissioning sector.
The UK oil and gas industry is set to become a pioneer in decommissioning activity globally and has the opportunity to become leaders in this field according to Wood Mackenzie.
Three oil and gas industry veterans have pooled their years of experience in well management to launch a new company focused on plugging and abandonment in the North Sea.
The man leading the Oil and Gas Authority's decommissioning strategy told industry leaders that if Leicester City can win the English Premiership, then the oil and gas sector can collaborate to hit the back of the net with decom.
The UK North Sea has the chance to become a world leader in decommissioning practice, according to a leading industry figure.
Aberdeen faces becoming a city in decline if its port continues to turn away vessels because it is too small to accommodate them, according to a senior Aberdeen Harbour executive.
Industry body Decom North Sea (DNS), has unveiled the programme for its flagship conference Decom Offshore.
Petrofac has been awarded a Duty Holder contract from BP to support the late life management of the Miller platform, located in the Central North Sea.
Marathon Oil insisted last night it had still not submitted any plans for decommissioning one of the North Sea’s oldest producing fields to the UK Government.
Marathon Oil has been producing oil and natural gas in the United Kingdom for more than 30 years.
Bibby Offshore has secured a multimillion pound decommissioning contract for an unnamed North Sea operator east of Shetland.
The overall estimate for decommissioning oil & gas production infrastructure has risen sharply in recent years, the very latest pointing to a median gross figure of around £58billion.
Research that will support decommissioning by exploring approaches to the recovery of subsea structures is to be carried out by the University of Dundee on behalf of Xodus, with support from the Oil & Gas Innovation Centre (OGIC).
Ensuring the asset integrity of ageing North Sea assets can ensure they remain productive longer than previously intended the Topsides UK conference heard today.
ITF and Oil & Gas UK have organised the Technology Showcase 2016 which takes place in Aberdeen on March 9.