EnQuest hands in decommissioning plan for fire-hit Heather platform
EnQuest has handed in the decommissioning plans for its Heather platform in the North Sea.
Decom
Pictures: Pioneering Spirit graces Firth of Forth for decom job
The world’s largest construction vessel, Pioneering Spirit, completed a large-scale operation in the Firth of Forth on the weekend.
NorSea UK and partners launch subsea decommissioning ‘hub’
Logistics company NorSea UK, of Aberdeen, has teamed up with two other firms to launch what is claimed to be Scotland’s first dedicated subsea decommissioning “hub”.
Alpha Petroleum submits decommissioning plans for North Sea platform
Alpha Petroleum has handed in decommissioning plans for its Wenlock platform in the North Sea.
Neptune hands $21.4m deal to Borr for Dutch and UK North Sea jobs
Neptune Energy will use Borr Drilling’s new Prospector 1 rig for a range of jobs offshore Netherlands and UK as part of a $21.4 million contract.
Decommissioning bill for NEO – Exxon UK assets estimated at $1.1billion
The decommissioning bill for NEO Energy’s newly-acquired Exxon Mobil assets in the UK has been estimated at $1.1billion (£795m).
Swift Drilling wins long-term decom deal with Wintershall in North Sea
Swift Drilling has won a multi-year decommissioning deal with Wintershall in the North Sea.
Petrodec reactivates 40-year-old rig for UK decommissioning work
Petrodec has announced reactivation of a 40-year-old rig, which has been converted as its second decommissioning vessel for work in the UK North Sea.
New tax rules aim to end ‘big debate’ on UK decommissioning
New changes for decommissioning tax rules will help end “areas of dispute” between the industry and UK government, according to a leading expert.
EnQuest starts shutting down production from Dons fields
EnQuest said today that work to halt production from the Dons fields in the UK North Sea had begun.
Decom Awards 2021 open for entries, confirmed event will be held virtually
Decom North Sea (DNS) has confirmed its fourth Decom Awards will take place virtually for the second year running.
Headcount slashed at Augean’s North Sea decommissioning business
Waste management firm Augean was back in the black during a 2020 marked by the axing of more than half of the workers at its North Sea division.
Worley supporting Allseas on Spirit Energy decommissioning job
Australian energy service firm Worley said today it was helping Allseas to decommission two of Spirit Energy’s east Irish Sea platforms.
Scopus picked for southern North Sea decommissioning job
Scopus Engineering has won a deal to provide decommissioning services on a platform in the UK southern North Sea.
Decom cross-sector event reflected by board appointment
Industry body Decom North Sea (DNS) is set to broaden the sector’s horizons via a one-day, virtual event later this month.
Teekay’s Banff FPSO to be decommissioned in Denmark
Teekay’s Banff floating production, offloading and storage vessel (FPSO) will be scrapped in Denmark.
Augean warns of £3m impairment on North Sea decommissioning wing
Waste management firm Augean expects to record a £3 million impairment in its 2020 results linked to the decline of its North Sea business.
Chapter closed on Buchan Alpha as remains broken down for recycling
The remains of the Buchan Alpha oil platform have now been broken down and sent for recycling, completing the final stage of the long-running project.
Long-awaited UK Government decommissioning paper lacks clarity on key issues
A long-awaited UK Government paper into oil and gas decommissioning lacks clarity on certain key areas, a trade body has said.
Spirit Energy gas platforms to be dismantled in Fife
A Scottish firm has clinched its maiden contract for dismantling offshore platforms at a facility in Methil, Fife.
Downturn heightens risk of decommissioning liabilities ‘boomeranging’
More oil and gas companies are at risk of being left to pick up a defunct partners' decommissioning liabilities due to this year’s downcycle, new analysis indicates.
Decom board appoints international oil and gas expert
Decom North Sea (DNS), the only membership organisation dedicated to the oil and gas decommissioning sector, has announced the appointment Alvaro Ranero to its Board of Directors.
Stornoway deep water port to create 200 jobs as part of masterplan
More than 200 jobs will be created with what is being described in the industry as the “transformational” development of a new deep water terminal in Stornoway.
John Lawrie Tubulars delivering big emissions reductions through repurposing
John Lawrie Tubulars UK, one of the largest purchasers of steel tubular products in the UK and across the USA, has further outlined its commitment to supporting the reduction of carbon emissions by undertaking a completely bespoke life cycle assessment (LCA) based on its own unique steel tubular management processes.
Managing decommissioning risk in M&A transactions
With $14 billion of commitments before 2024, according to Rystad, decommissioning costs have long been a risk to and blocker in transactions, especially portfolio and corporate deals. The sector has moved a long way since early stage bilateral decommissioning agreements as sellers sought to navigate Section 29 of the Energy Act 2008 and other commercial risks in pursuit of the “clean break”.