The predicted cost of decommissioning the UK’s offshore wind farms has already risen to about £4 billion, the audience heard at a conference in St Andrews yesterday.
The rise of specialist decommissioning firms could give the UK the edge in a global oilfield dismantling market worth £67 billion over the next decade, a new report said.
Learning how to decommission oilfields without demolishing the UK oil and gas industry’s net-zero pledge is the “next big step”, a new report said.
Companies are decommissioning more efficiently in the UK continental shelf (UKCS), allowing them to carry out more work for the same amount of investment.
As global decommissioning costs continue to rise, mounting obligations provide little let up for offshore operators. E&P companies increasingly plan for decommissioning throughout the full life-cycle as efforts to de-silo decommissioning and operations departments continue for many. Within this scope, asset optimisation harbours renewed potential to unlock savings both pre and post CoP.
Construction is expected to start next month on a multi-million pound project to prepare a yard in Fife for handling North Sea decommissioning jobs.
Industry body Decom North Sea (DNS) has appointed Jinda Nelson as chair of its board.
Joint hosts Decom North Sea and OGUK have published the agenda for the tenth Offshore Decommissioning Conference, to be held in St Andrews, November 25-27 .
Ineos has handed in its decommissioning programme for the Cavendish platform to the UK Government.
Dales Marine Services, already regarded as one of the leading UK ship repair and maintenance companies, is also being recognised for its expertise and prominence in the vessel decommissioning sector.
In 1975, while piloting a submersible vessel, I conducted bathymetric and obstacle surveys on the Beryl field in the UK North Sea prior to the arrival of the concrete-gravity-based platform Beryl Alpha.
Decommissioning remains a big consideration for any investor in the UKCS and, indeed, anyone divesting their interests. This is especially the case where the interests in licences which are changing hands are mature assets with a significant number of wells and attendant infrastructure.
With a decommissioning bill currently estimated at around £50 billion for the UKCS alone, the pressure is on to get the job done for even less – and smarter.
As decommissioning becomes a significant part of activity on the UK Continental Shelf, more businesses are taking the opportunity to expand their existing offerings to include decommissioning-related services.
A boss at Shell has insisted that leaving the huge concrete legs of the Brent platforms at sea was the “right thing to do”.
The founder of north-east decommissioning firm Well-Safe Solutions is to step down following a £66 million investment in the business.
Spirit Energy has handed in a draft decommissioning programme for one of its southern North Sea fields for the UK Government to review.
Increased profits at the Port of Dundee helped operator Forth Ports to profits of almost £100 million last year.
Gulf Marine Services (GMS) has made progress in shoring up its future but much rests on its negotiations with lenders.
Oil and Gas UK forecast that by 2027, the spend on decommissioning in UKCS will reach £15.3 billion.
North Sea decommissioning costs were £400million lower than expected in 2018, according to a new report from the Oil and Gas Authority (OGA).
Executives from Brazil’s biggest port said they want to “copy and paste” Dundee’s decommissioning success on a visit to the city this week.
Bosses at hazardous waste management company Augean said today that they are targeting further growth in the North Sea decommissioning market.
Aberdeen Harbour Board has released a video of decommissioning work taking place for Total’s Leadon field in the North Sea.
The delivery of a North Sea oil platform to Lerwick highlights the Shetland port’s status as a “centre of excellence” for decommissioning, a joint-venture has said.