More assets ‘on the cards’ for flourishing Well-Safe Solutions
As it stands, the focus for the North Sea is ‘new’. New fields. New projects. New production. New energy sources.
decommissioning
UK misses out as Foinaven FPSO to head to Denmark
The Foinaven FPSO is to be sent to Denmark for decommissioning, Energy Voice understands, as UK yards miss out on the work.
EnQuest and Repsol Sinopec set out clutch of upcoming decom contracts
North Sea operators EnQuest (LON:ENQ) and Repsol Sinopec Resources UK have set out a series of upcoming decom contracts for nearly 200 oil and gas wells.
Aberdeen supply chain event to shine light on operators’ well P&A opportunities
Highlighting supply chain opportunities within the lucrative well decommissioning sector will be a key focus of an industry event, due to take place in Aberdeen later this month.
Aberdeen’s Well-Safe Solutions toasts five year anniversary and looks to the future
Bosses and staff at Well-Safe Solutions are celebrating a major milestone in the company’s history today.
Unite members on Foinaven FPSO vote to down tools over ‘inferior’ redundancy package
Workers on a North Sea vessel are poised to down tools next month in a dispute over redundancy packages.
North Sea decom could take back seat until 2025 as operators grapple with EPL
Just as thing seemed to be looking up for the sector, decommissioning could be pushed to the back of the queue once again.
As the SEE Monster awakes, here’s some other creative ways oil rigs have been reused
The SEE Monster, a decommissioned North Sea oil platform that has been converted into an art installation, landed in Weston-super-Mare yesterday. How have other people reused oil rigs?
Onshore decommissioning – how insurers and lawyers weigh up risk
After many years of rhetoric, promise and disappointment, the long-awaited decommissioning boom appears to gathering pace.
North Sea must expand safety scope across new energy agenda, says HSE chief
“We've got to learn from what others have gone through, but at the same time pass on our own learnings to other industries,” says Offshore Energies UK’s (OEUK) new safety boss Mark Wilson.
Three60 Energy snaps up Fraser Well Management
Nort-east firm Three60 Energy has struck a deal for well and pipeline operator Fraser Well Management.
High oil price and windfall tax ‘threaten’ decommissioning targets, report warns
New research has warned that high oil prices, coupled with the UK Government’s windfall tax, could “pose a threat” to North Sea decommissioning targets.
New VP for decommissioning and energy transition appointed at Repsol Sinopec
Repsol Sinopec Resources UK (RSRUK) has appointed a new vice president for decommissioning and energy transition.
Taqa completes major decommissioning operation at Brae field
Taqa has celebrated completion of a major decommissioning project at the Brae field in the North Sea.
ExxonMobil seeks heavy lift contractors to deliver proposals for Bass Strait platforms removal
ExxonMobil (NYSE:XOM) has launched a commercial technical tender process for decommissioning several of its facilities in Australia’s Bass Strait.
Decom firm Well-Safe Solutions raises £50m to cover rig purchase and fund growth
Decommissioning specialist Well-Safe Solutions has raised the cash needed to fund the purchase of its third rig.
BP paid tax to UK on North Sea business for first time in years
BP (LON: BP) paid tax on its UK North Sea business in 2021 for the first time in at least six years, according to the company’s latest payments to governments report.
Scots study finds ‘no evidence’ of leaks from decommissioned oil and gas wells
A Heriot-Watt University study has found "no evidence" to suggest that England’s decommissioned oil and gas wells are leaking methane into the environment - contrary to previous research.
Showtime for Well-Safe Protector as Ithaca Energy picks oil rig for North Sea decom job
Well-Safe Solutions has won a contract with operator Ithaca Energy to plug and abandon (P&A) a handful of southern North Sea wells.
More M&A in APAC: ESG worries and Woodside-BHP deal see more assets up for sale
More merger and acquisition (M&A) opportunities are expected to hit the market in Asia Pacific, as international oil companies (IOCs) continue to rationalise their portfolios, and ESG concerns trigger further divestments. This will help to unlock the deal flow in APAC, but potential acquirers could struggle to secure necessary finance without a strong ESG narrative.
Norwell Engineering secures major contract to deliver first integrated decom project
Aberdeen-headquartered Norwell Engineering has secured a multi-million dollar contract for work in the United Arab Emirates (UAE).
Heerema to kick off Dunlin decommissioning in earnest
The Sleipnir heavy lift vessel is back at the Dunlin platform, this time to kick off the main decommissioning work.
Petrofac considering bringing FPSO from overseas to UK for decommissioning
Energy services giant Petrofac (LON: PFC) is in discussions to bring an FPSO from the “other side of the world” to Europe for breaking up.
NSTA preparing new decommissioning cost reduction aims with current goal expiring soon
The industry regulator is in the process of drawing up a new decommissioning bill reduction target for North Sea operators.
Petrodec takes over North Sea platform from Perenco ahead of decom
Petrodec has taken over operatorship of a North Sea platform from Perenco as decommissioning gets underway.