The bell tolls for the North Sea’s dead wells
Pressure is mounting on UK Continental Shelf operators to clear away dead wells from the North Sea.
Pressure is mounting on UK Continental Shelf operators to clear away dead wells from the North Sea.
Apache Corporation has taken a hit of £326million ($446m) over decommissioning costs for Gulf of Mexico oil and gas assets it sold nearly a decade ago.
Removing, breaking, and recycling what we can of redundant offshore oil and gas infrastructure is a huge task but worth many hundreds of millions of pounds to those fortunate enough to win the work.
The latest Energy Voice monthly supplement has been published with The Press & Journal.
Australia needs outside help and equipment as it starts a mega offshore decommissioning journey that is expected to cost more than A$50 billion (£27 billion). Significantly, companies with North Sea experience look set to play a pivotal role as the market evolves.
With expertise drawn from across the energy sector and a proven ability to tackle niche challenges, Add Energy shows that decommissioning complexity can be streamlined – and it may not signal the end of the road for every asset.
In the coming years, the North Sea has to face up to a decommissioning challenge like no other.
North Sea decommissioning is estimated at £46billion and the regulator recently warned that the industry may fall short of its cost cutting target. However, "groundbreaking” deals are emerging which could make significant headway.
Metal recycling and decommissioning firm John Lawrie has nearly doubled its staff after a seven-figure investment in its Angus repurposing facility.
Centre of Decommissioning Australia (CODA) has appointed its inaugural supervisory committee to boost its strategic focus and expertise as it tackles the challenges and opportunities of decommissioning Australia’s ageing oil and gas infrastructure.
Netherlands-headquartered independent ONE-Dyas has submitted plans to decommission three platforms at the Sean area in the North Sea.
Marine services group James Fisher has detailed an array of “challenges” across its divisions in a trading update ahead of its third quarter results.
A decommissioned North Sea platform will be given new life as part of the ‘SEE MONSTER’ art installation in Weston-super-Mare next summer.
Korean firm Samin MTS is teaming up with Pertamina offshoot Elnusa (IDX:ELSA) to tap Indonesia’s giant offshore decommissioning wave.
Well-Safe Solutions has bagged a second decommissioning contract for the Well-Safe Guardian in less that a month.
Waste specialist Veolia has dismissed any suggestion that the smoke seen billowing from the decommissioned Ninian Northern platform in Shetland could have been toxic.
A £1.6million simulator has been unveiled which is expected to “transform” the way oil platforms are decommissioned and new energy projects are installed in the North Sea.
Inquiries are ongoing after smoke was seen billowing from the decommissioned Ninian Northern platform over the weekend.
A new report has examined how ageing North Sea infrastructure could be repurposed for wind-powered hydrogen production.
Well-Safe Solutions has landed a “groundbreaking” decommissioning campaign contract with Repsol Sinopec in the UK North Sea.
BHP Group will transfer some $3.9 billion worth of oil and gas decommissioning liabilities to Woodside if the pair’s merger goes through successfully. The liability is much smaller than expected helping to ease investor concerns at Woodside.
Kishorn Port has unveiled its new “masterplan” to capitalise on Scotland’s upcoming offshore wind boom.
Well management firm Exceed has announced the launch of an Australasian business as it eyes the country’s burgeoning decommissioning market.
Ardyne has won an 86-well decommissioning contract in the North Sea, understood to be with operator EnQuest on the Heather and Thistle platforms.
Offshore wind and oil and gas decommissioning projects boosted first half profits at James Fisher and Sons.