Oil & Gas UK (OGUK) has warned that the decommissioning market is increasingly interacting with that of offshore wind, increasing pressure on project timeframes and onshore yard space.
A new decommissioning steering group launched by trade body Oil & Gas UK (OGUK) will lead the sector in delivering safe and environmentally sound decommissioning, while meeting decarbonisation goals.
North Sea decommissioning is estimated at £46billion and the regulator recently warned that the industry may fall short of its cost cutting target. However, "groundbreaking” deals are emerging which could make significant headway.
Heerema's Thialf has removed Shell’s Goldeneye wellhead platform, almost 20 years after the semi-submersible crane vessel (SSCV) installed the structure.
Waste specialist Veolia has dismissed any suggestion that the smoke seen billowing from the decommissioned Ninian Northern platform in Shetland could have been toxic.
A £1.6million simulator has been unveiled which is expected to “transform” the way oil platforms are decommissioned and new energy projects are installed in the North Sea.
Ithaca Energy has employed Heerema’s Thialf heavy lift vessel, the second largest in the world, to remove its small Jacky installation, around 12 miles east of the Moray Firth.
Orkney is pushing ahead with plans to develop the Lyness port into a decommissioning base after a snub from the Ministry of Defence (MoD) over a decades-old oil spill.
Decommissioning offers an “exciting” growth area for oil and gas at a time when much of the industry is in decline, according to a leading market analyst.
Spirit Energy has decided it will finally decommission the Chestnut field in the North Sea, more than a decade after it was first expected to be shut in.
Well-Safe Solutions bosses have said higher oil prices, an easing of the pandemic and careful management of the firm’s cost base have positioned it to take advantage of an upturn in decommissioning activity.
Costs of decommissioning the Greater Dunlin Area in the North Sea have increased by £25million in the last year, with the completion timeline slipping.