Fear that Foinaven FPSO heading ‘anywhere but Scotland’
Fears have emerged that the Foinaven FPSO will head overseas for decommissioning, having been sold by owner Teekay.
Decom
Petrofac takes over from Maersk at Tullow decom work
Tullow Oil has chosen Petrofac to carry out well decommissioning offshore Mauritania, replacing Maersk Decom.
Havfram comes back to finish decom work offshore Mauritania
Havfram has won work to decommission subsea facilities at Chinguetti and Banda, offshore Mauritania, from Petronas.
IOCs exiting Nigeria likely to face legal claims over oil damages
Communities considering legal action against majors are likely to accelerate their efforts amid the ongoing wave of divestitures.
Expro completes Mauritania P&A work for Petronas
Expro has completed a plug and abandonment (P&A) contract offshore Mauritania for Petronas.
Is modular engineering design and construction a solution for cost effective global operations?
The UK energy market is transitioning, oil and gas is in slow decline, decommissioning is focussing on single lift solutions and the renewables market is in significant growth mode, albeit very cost driven.
Drilling in April to turnaround Tullow’s tough times
Tullow Oil has reported a post-tax loss of $1.22 billion for 2020, with production to continue sliding in 2020.
Tullow production to fall in 2021
Tullow Oil expects production to continue declining in 2021 as its Ghanaian assets continue to slide.
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.
Maersk Decom plans West Africa work
As an up-and-coming area for decommissioning, Africa is following developments in more mature areas, such as the North Sea.