Decom firm Well-Safe Solutions raises £50m to cover rig purchase and fund growth
Decommissioning specialist Well-Safe Solutions has raised the cash needed to fund the purchase of its third rig.
Well-Safe Solutions
Showtime for Well-Safe Protector as Ithaca Energy picks oil rig for North Sea decom job
Well-Safe Solutions has won a contract with operator Ithaca Energy to plug and abandon (P&A) a handful of southern North Sea wells.
Well-Safe officially welcomes WilPhoenix rig into fleet
Well-Safe Solutions has today taken delivery of the WilPhoenix oil rig into its fleet.
Future ‘very uncertain’ for Aberdeen drilling firm Awilco
Analysts have said it “could be the end of the line” for Aberdeen-headquartered Awilco Drilling after the firm agreed to offload the remains of its fleet.
Well-Safe Solutions adding 100 jobs after agreeing £12.4m deal to buy WilPhoenix from Awilco Drilling
Dozens of roles are to be added to Well-Safe Solutions after the company struck a multi-million pound deal to buy a semi-submersible rig.
Heerema offloads Ketch platform in Rotterdam ahead of decommissioning
A North Sea platform has been dropped off in the Netherlands ahead of being broken up.
Energy companies embrace Young Person’s Guarantee to build future talent pipeline
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.”
Aberdeen’s 4C Global Consultancy targeting further growth after ‘transformational’ year
4C Global Consultancy is looking to expand its international footprint following a “transformational year” in which it bagged a host of new contracts.
Former Babcock business lands new helicopter contract with Well-Safe Solutions
Offshore Helicopter Services, the new name for the former Babcock Aberdeen business, has landed a new North Sea contract with Well-Safe Solutions.
Watch: ‘Landmark’ moment as Well-Safe Guardian heads for North Sea
Well-Safe Solutions has hailed a “landmark” moment for the company, with footage of its Well-Safe Guardian rig heading off for its first UK contract.
First Marine wins multi-million contract with Well-Safe
First Marine Solutions (FMS) has announced the award of a seven-figure consultancy contract to support Well-Safe Solutions with the Buchan and Hannay decommissioning campaign.
‘Momentum building’ on North Sea’s campaign decommissioning approach
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.
Well-Safe Solutions bags second decom contract in less than a month
Well-Safe Solutions has bagged a second decommissioning contract for the Well-Safe Guardian in less that a month.
Well-Safe lands ‘groundbreaking’ decom contract with Repsol Sinopec
Well-Safe Solutions has landed a “groundbreaking” decommissioning campaign contract with Repsol Sinopec in the UK North Sea.
Celebrity chef Nick Nairn to cook up culinary delights on North Sea oil rig
Celebrity chef Nick Nairn is making a trip offshore to showcase his cooking skills to the crew of a North Sea oil rig.
Well-Safe Solutions positioned to take advantage in uptick in well decom activity
Well-Safe Solutions bosses have said higher oil prices, an easing of the pandemic and careful management of the firm’s cost base have positioned it to take advantage of an upturn in decommissioning activity.
Black Widow special effects crew Marvel at North Sea oil rig
A North Sea oil rig has played a role in bringing Marvel’s new movie Black Widow to life.
‘It really is a battle for very thin margins’: Heerema sets out decommissioning business concerns
Heerema, owner of the world’s largest offshore crane vessels, has said squeezed prices have made a “very difficult business case” for the decommissioning market.
Atten-shun! Intense task filmed on oil rig in Highlands for reality TV show to air soon
A pulsating task filmed on an oil rig in the Highlands for a hardcore reality TV series will hit the small screen soon.
Orca becomes first tenant at ex Bi-Fab site after winning Well-Safe contract
Orca Oceanic Systems has opened a new base at the site of the mothballed manufacturer Burntisland Fabrication (Bi-Fab) thanks to a contract win with Well-Safe Solutions.
Oil industry entrepreneur and sons launch fundraising exercise for green battery venture
Serial entrepreneur Mark Patterson is preparing to launch a "major fundraising exercise" for his new mobile green battery business.
VIDEO: Well-Safe Protector rig arrives at Invergordon ahead of decom work
The newly-refurbished Well-Safe Protector rig has arrived at Invergordon to get it ready for work in the decommissioning market.
Oil industry ‘ripe’ for new decommissioning models but some won’t survive, says BCG
The offshore oil and gas sector is “ripe” for emerging new decommissioning models, however analysts BCG said they “strongly doubt” some will survive.
Sons join family’s firm focused on low carbon
Serial entrepreneur Mark Patterson has recruited sons Harry and Philip into a fledgling family firm focused on low carbon and support for distressed businesses.
Well-Safe secures further £26m to fund growth
Oil and gas decommissioning firm Well-Safe Solutions has secured a £26 million investment to fund the next phase of its growth plan.