NSTA opens investigation into North Sea well decommissioning delays
Oil and gas operators will risk facing fines if they continue to miss well decommissioning deadlines, the North Sea Transition Authority (NSTA) has warned.
Pauline Innes
Hiring: North Sea regulator advertises £118,000 a year decom job
A £118,000 a year decom job is up for grabs at the North Sea industry regulator, the NSTA, after a reshuffle of its top team.
New cost target for North Sea decommissioning – as original likely to be missed
The North Sea Transition Authority (NSTA) has set a new cost target for offshore decommissioning – as the original goal looks set to be missed.
‘Worth getting out of bed for’: Regulator predicts £5bn decom spend on North Sea wells by 2027
More than 1,000 North Sea oil and gas wells will be decommissioned over the next five years, the UK regulator has said, carrying a multi-billion-pound prize.
North Sea decom costs down by a quarter since 2017, but key target likely to be missed
A new report from the North Sea regulator says decommissioning costs have fallen by 25% since 2017, but COVID-19 and supply chain pressures have slowed progress towards its 35% goal.
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.
bp, EnQuest, Spirit offer decom data dashboard to give suppliers inside track
A new decommissioning data visibility project has been launched by the Oil and Gas Authority (OGA) to offer the supply chain greater visibility of future decommissioning work.
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.
OGA crackdown as number of suspended North Sea wells to double to 1,500
The Oil and Gas Authority (OGA) has forecast that the number of suspended wells in the UK North Sea will surge beyond 1,550 within five years.
OGA delivers decommissioning cost warning with new strategy
The North Sea could face higher decommissioning costs if it doesn’t change its ways of working, the Oil and Gas Authority (OGA) has warned as it sets out its new strategy.
OGA pitches £100m loan fund for North Sea decommissioning
The Oil and Gas Authority (OGA) has pitched a £100m loan fund to the UK Government to stimulate North Sea decommissioning activity.
Oil and gas sector deal proposal to be submitted to UK Government next month
The formal proposal for an oil and gas sector deal will be submitted to the UK government next month.
North Sea decommissioning forecast cut by £500m for next two years
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).
Decommissioning cost efforts ‘compromised’ by 5% of North Sea operators, says OGA
Efforts to reduce the UK's offshore decommissioning bill last year were "largely negated" by 5% of operators who increased their costs by £1billion, according to the Oil and Gas Authority (OGA).
UK decommissioning spend to fall short of £1.5billion yearly estimate, OGA warns
The Oil and Gas Authority (OGA) has warned UK decommissioning spending will fall short of estimates over the next two years, bringing concerns of a “significant impact” on suppliers.