Surge in sales puts Plexus Holdings back in the black
Aberdeen based Plexus Holdings (AIM: POS) has surged back into the black with £2.2m pre-tax profits in its half-year results.
Aberdeen based Plexus Holdings (AIM: POS) has surged back into the black with £2.2m pre-tax profits in its half-year results.
Perenco has announced a decommissioning milestone after completing a plug and abandonment (P&A) campaign on three subsea wells at the Gawain field.
Emirati state-owned oil and gas operator TAQA (ADX:TAQA) has announced cessation of production (CoP) of its subsea fields connected to the Tern platform in the North Sea.
Decommissioning trade body Decom Mission has announced the finalists for the 2024 Decom Mission Awards, set to take place in Aberdeen on 21st May.
Offshore decommissioning projects are increasing. Latest figures from the North Sea Transition Authority reveal the UK’s offshore oil and gas industry spent £1.6 billion on decommissioning in 2022 – its highest annual total – with £21 billion of spending on decommissioning forecast for the next decade.
The initiative aims to give the North Sea supply chain a clearer picture of upcoming projects
Former EY boss Derek Leith has joined Aberdeen-headquartered decommissioning specialist Well-Safe Solutions as a non-executive director.
North East energy supply chain firms will look to emerging opportunities Down Under as the Aberdeen-Perth WA Gateway event returns to the Granite City on February 8.
Firm then plans to put the Harding removal contract out in September.
Aberdeen's Cutting Underwater Technologies (CUT) has posted record revenue and project numbers in 2023.
The energy industry continues to develop at pace, and that’s reflected by Decom Mission activity and that of our members.
North Sea operator EnQuest has confirmed its Thistle platform will be sent to an Aker Solutions yard in Norway for dismantling, some time from 2025 onward.
How to take apart an 18,000-tonne oil platform? Controlled explosives.
An exodus of workers seeking other opportunities is the “number one challenge” facing safety in North Sea decommissioning, according to the industry watchdog.
Treasury documents released last week could spell good news for North Sea decommissioning and CCUS investment, but tax uncertainty remains.
TAQA (ADX: TAQA) intends to cease production from all of its UK North Sea platforms by the end of 2027.
Winners of the OEUK Awards for Excellence in Decommissioning have been announced, with Spirit Energy and Utility ROV services taking top prizes.
Operators are waiting years for decisions on the contentious topic of whether they can leave structures in the sea.
Well-Safe Solutions has signed a global master agreement for its decommissioning services with BP (LON: BP), lasting until at least 2026.
OEUK decommissioning report highlights supply chain crunch between wind installation and removing oil and gas platforms.
The UK “could challenge continental Europe” on heavy lift vessels, trade body OEUK has said, as the North Sea requires a “colossal push” from them.
The global decommissioning landscape within the energy sector has evolved in recent years. Driven by increased decommissioning activity worldwide, heightened environmental awareness, and a desire to reduce costs, there is a growing willingness among operators to engage the supply chain in the decommissioning process earlier and more comprehensively than ever before.
Elemental Energies, the wells specialist which has been on a run of acquisitions, is planning even more growth to meet operator demands.
The UK has seen large-scale decommissioning work go overseas, OEUK’s decommissioning manager Ricky Thomson says firms need to remain “competitive” to win contracts for these “monster platforms.”
Aberdeen-based well decommissioning specialists Well-Safe Solutions have signed an agreement with Spirit Energy, adding another well to its current plug and abandonment campaign.