Operating in more than 65 countries and responsible for billions of barrels in reserves and production, BP’s oil and gas portfolio is formidable. With that come serious commitments and considerations as to what happens to infrastructure at the end of its life.
UK industry will spend £16.6 billion on decommissioning over the next decade as activity rebounds in the wake of the pandemic, according to Oil & Gas UK (OGUK).
The UK Government’s upcoming energy white paper should give “serious consideration” to a proposed £100m decommissioning loan fund, according to a petroleum economist.
The North Sea boss of EnQuest has said the firm is “very interested” in a joint-operator decommissioning approach, but “someone needs to take the lead”.
North Sea operators have shelved more than half a billion pounds of decommissioning spending, according to a new report from Oil and Gas UK (OGUK).
The contribution decommissioning can make to the low carbon future will be a key theme at OGUK’s first ever virtual conference later this month.
Trade body Oil and Gas UK has announced the shortlist for this year’s instalment of its prestigious OGUK Awards.
Forecasts for North Sea decommissioning spending over the next two years have been cut by half a billion pounds by Oil and Gas UK (OGUK).
Widespread decommissioning deferrals could lead to a “wave of idle iron” in the UK and globally as companies rush to preserve cash and potentially shut down uneconomic oil platforms, according to new analysis.
The dust might be starting to settle on some issues around Covid-19, but the impact it may have on North Sea decommissioning is very much up in the air.
At the Offshore Decommissioning Conference which Oil and Gas UK co-hosts with Decom North Sea, OGUK will launch its flagship Decommissioning Insight report and highlight new supplementary guidelines which capture how fast the sector’s knowledge of project scopes has grown in recent years.