NSTA poised to unveil new TWIST to support decommissioning sector
The North Sea Transition Authority (NSTA) is ramping up its ‘carrot and stick’ approach to decommissioning as the regulator prepares to unveil a new TWIST.
Well plugging and abandonment
NSTA considers naming operators that fail to meet decommissioning deadlines
The North Sea Transition Authority (NSTA) regulator is warning it could soon name and shame operators who fail to meet decommissioning deadlines.
Aberdeen’s Raptor Data lands global ConocoPhillips well P&A contract
Aberdeen-headquartered Raptor Data has secured a global well plugging and abandonment (P&A) contract with ConocoPhillips.
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.
Odfjell Technology buys Aberdeenshire oil services firm McGarian TDC in £3m deal
Offshore engineering services firm Odfjell Technology has acquired Aberdeenshire-based McGarian TDC in a deal worth "in excess of £3 million".
New Well-Safe Solutions CCO looks to double rig count
Well-Safe currently runs three rigs - but Christopher Hay will be looking to "try and double that within the next five years".
Aberdeen’s Well-Safe Solutions appoints first chief financial officer
Aberdeen-headquartered well decommissioning firm Well-Safe Solutions has appointed Alan McQuade as the company's first ever chief financial officer.
New tool for slashing well decom costs aces first live test in North Sea
An Aberdeen start-up firm’s technology for slashing oil well decommissioning costs has passed its first North Sea trial with flying colours.
Well decommissioning campaigns a ‘massive opportunity’, OGA says
Adopting a campaign approach to well decommissioning in the UK North Sea is the way forward, according to the sector’s regulator.
Updated: Calls for UK Government to sort out ‘cashflow conundrum’ and save North Sea jobs
Politicians and industry lobbyists are calling for the UK Government to help save hundreds, if not thousands, of threatened North Sea jobs by urgently tackling a “cashflow conundrum”.
Wells decom solutions programme building momentum
Around 1,400 UKCS wells will have to be abandoned over the next 10 years alone at a cost of £7-8billion of which the UK taxpayer will fund around half, according to Malcolm Banks, wells solution centre manager at the Oil and Gas Technology Centre (OGTC).
Technology key to maximising the late life of field potential, Expro boss says
With UK decommissioning expenditure estimated at £55.7 billion, it’s no surprise that this offers a significant opportunity for many companies. From a well abandonment perspective alone, activity is set to increase from £1.2bn in 2016 to an expected £1.5–2bn per year through to 2025, according to Oil and Gas UK (OGUK).
SNS 2017: Axis assists with development of new well P&A cost-busting rig
An Aberdeen company is involved in the development of a new rig that could lower well plugging and abandonment (P&A) costs by up to 30%.
Well abandonment costs dominate UKCS decommissioning bill
The most visible stage of oil and gas decommissioning is also one of the cheapest parts of the whole process.