SNP’s Blackman hopes for movement on tax histories in Budget
An SNP MP has said she hopes to see "actual real movement" on decommissioning tax allowances in today's Budget.
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.
Lerwick Harbour will host a string of key players today as it sets out it plans to become a "decommissioning centre of excellence".
Fledgling North Sea decommissioning firm Well-Safe Solutions has continued its early momentum with the appointment of two new directors.
New Liberal Democrat leader Sir Vince Cable has said decommissioning could become a “major industry” in the North Sea and create thousands of jobs – if it’s done properly.
Norwegian fabrication firm Kvaerner will scrap the Nyhamna facility's subsea compression pilot for Shell.
The Buchan Alpha oil production vessel has been towed to the north-east of Lerwick Harbour ahead of scrapping.
A group of companies say the “stars are aligning” for the development of a new single-lift construction vessel (SLCV) which could take a chunk out of North Sea decommissioning costs.
A group of North Sea stalwarts have set up a business which will take the sting out of subsea well decommissioning costs – and create hundreds of jobs.
Decommissioning will be a key topic at SPE Offshore Europe 2017, with a range of speakers announced and a new zone dedicated to the sector at the event.
Oil and gas industry woes have created a potential skills crisis for North Sea decommissioning, an expert has warned.
An Orkney councillor has said it would be a travesty if Orkney missed out on North Sea decommissioning work.
Chancellor Philip Hammond has told the new north-east Tory MPs he wants to see Aberdeen and the wider region as “a centre of excellence for decommissioning”.