Australian operator Santos (ASX:STO) is preparing to decommission the floating storage and offloading (FSO) facility, as well as platforms, at Bayu Undan offshore East Timor, as soon as possible, as it accelerates plans for a giant carbon capture and storage (CCS) hub at the mature field.
Energy services giant Petrofac (LON: PFC) and Promethean Decommissioning Company (PDC) have formed an alliance to decommission three fields offshore Gulf of Mexico.
With a foot on either side of the Atlantic, Helix Energy Solutions has a good vantage point from which to cast a view across the global oil and gas market.
Thailand’s PTT Exploration & Production (PTTEP) is now the official operator of the G1/61 project, which covers the Erawan, Platong, Satun and Funan fields, as well as the G2/61 project, covering the Bongkot field. PTTEP (BKK:PTTEP) said it is ready to boost natural gas production to increase energy security despite being denied prior access to Erawan due to an unresolved dispute with the former operator.
The merger between Woodside and BHP’s entire petroleum business will see the combined decommissioning costs for the new super independent hit $6.7 billion over the next 30 years, according to Woodside’s prospectus filed to the London Stock Exchange this week.
By Luis Batalla - Head of Decommissioning, Repsol Sinopec Resources UK
Globally the energy landscape is changing. It is undergoing significant transition to meet energy demands whilst reducing carbon emissions – a difficult balancing act.
Jose Luis Muñoz talks to Energy Voice on Repsol Sinopec Resources UK ramping up decommissioning, the challenges of “chronic underinvestment” in the sector, and the firm’s $1 billion near-term plan for North Sea projects.
Energy consultancy Xodus has been awarded the Rigid Pipeline Non-Metallic Component Characterisation study by NERA as part of National Energy Resources Australia's (NERA’s) National Decommissioning Research Initiative (NDRI).
It is our responsibility to foster the interest and enthusiasm in young people for a career that will continue to sustain our industry with the skilled workforce it will need in the decades to come.”
EnQuest (LON: ENQ) plans to carry out its largest sanctioned programme of work since 2014 in the coming year, with a range of drilling and decom in the pipeline.