Industry body Oil and Gas UK (OGUK) revealed today that North Sea companies are keeping a lid on well decommissioning costs.
Decom Conference: Decommissioning cost cutting efforts risk clash with competition watchdogs, OGA says
A decommissioning expert at the Oil and Gas Authority (OGA) said today that efforts to lower North Sea dismantling costs risked a clash with competition watchdogs.
Fledgling decommissioning firm Well-Safe Solutions has said that its onshore marine base will be located in the Port of Dundee.
A decommissioning expert has said there are clear signs that “brand decom” is emerging as work spreads the length of the UK east coast.
The Port of Cromarty Firth (PCF) has cleared a hurdle in its bid to scoop up more decommissioning work.
Industry body Decom North Sea today published guidelines on environmental issues impacting the development of decommissioning programmes.
Whilst many industry commentators have quite rightly welcomed the recent budget decision on tax credit transfer, the fact remains that even with the new arrangement, decommissioning remains a very poor deal for the UK taxpayer.
A trio of oil industry experts have written a "manifesto" to help de-cloud the offshore decommissioning landscape.
Hundreds of decommissioning industry leaders will gather in Fife this week for a major conference on the future of the multi-billion pound sector.
A port in the north-east of England has announced itself as a contender for offshore oil and gas decommissioning work.
Industry body Decom North Sea (DNS) has appointed Tom Leeson as its interim chief executive with immediate effect.
An SNP MP has said she hopes to see "actual real movement" on decommissioning tax allowances in today's Budget.
The fall in the world price of crude has been at the centre of a number of obstacles that are currently stifling many North Sea M&A transactions. This factor, along with a lack of acquisition finance and the persistent gap between the price sellers want for assets and the one buyers are prepared to pay, is making valuations hard to land. Where late life assets are concerned, decommissioning liabilities, which can often erode any value in what might otherwise be a viable transaction, are proving another major issue, preventing many deals from getting over the line.
As an industry which remains vitally important to the Scottish, and UK, economy, the Scottish Government has long been a vocal champion of North Sea oil and gas.
A Norwegian firm has developed a new way of plugging and abandoning wells without the use of a drilling rig in a move expected to save companies huge sums.
Oil service company Expro has successfully operated pioneering wireless technology which is designed to lower the cost of well-abandonment.
The Oil and Gas Authority (OGA) said yesterday that it had appointed a new head of decommissioning.
The Oil and Gas Authority (OGA) said today that it had appointed a new head of decommissioning.
Norwegian contractor AF Gruppen will help ConocoPhillips decommission up to seven southern North Sea platforms.
The company’s engineering and consultancy group, appointed to the job after a tender process, has returned with a governance framework for SSE’s decommissioning and demolition (D&D) practice.
If you were to ask someone in Scotland to name a fishing town, chances are they would say Peterhead. But what if you asked the same question in 400 years’ time?
ConocoPhillips and Centrica have submitted plans for decommissioning a raft of southern North Sea platforms to the UK Government.
Centrica has enlisted Babcock International to help it plan the decommissioning of the Rough 47/8A platforms and infrastructure in the southern North Sea.
Dutch firm Heerema will take its Hermod semi-submersible crane vessel out of action at the end of 2017, bringing down the curtain on nearly 40 years of service.
North Sea companies have been exemplary in their approach to decommissioning duties, the head of the UK oil and gas industry’s regulator has said.