Nexen submits decommissioning plans for two North Sea fields
Oil firm Nexen has submitted draft plans for the decommissioning of two North Sea fields to the UK Government.
Decom
Decom series: Lutelandet says it can satisfy North Sea decommissioning demand for next five years
The sight of a 14,000 tonne topside on the Norwegian island of Lutelandet is slightly surreal.
Gallery: Top decommissioning stories of 2016
At the end of each year, Energy Voice likes to reflect on some of the most read and engaged with stories of the previous 12 months. This gallery looks at our top stories about decommissioning.
Decom series: The complexities of decommissioning tax relief – Derek Leith
There is an unavoidable theme in politics, economics and business at present – uncertainty. But it’s nothing new for the oil and gas industry. A review of oil price figures back to 2008 is evidence of our experience of adapting to change.
Scottish Government launches North Sea decommissioning action plan
A plan to help maximise the value of North Sea decommissioning for small to medium-sized firms has been published by the Scottish Government’s economic development agencies.
Decom series: Able Seaton tells other UK ports to think hard before investing in decommissioning
Able UK has a message for other British ports considering a big financial outlay on decommissioning facilities: think long and hard before you press the button.
Saipem wins BP decom work in UK North Sea
Saipem has landed work for BP's Miller platform decommissioning in the UK North Sea.
Intertek to study impact of decommissioning on sandbanks
Quality assurance giant Intertek will research the impact on sandbanks of rock dumping during oil and gas decommissioning.
Decom series: Harland & Wolff banks on ‘Holy Grail’ of decommissioning
For many UK ports, creating the facilities needed for large-scale decommissioning projects is a quest they are just embarking on.
Decom series: Dundee strives to shape the market by investing early
The Port of Dundee has laid its cards on the table, as far as its attitude towards decommissioning is concerned.
Opinion: Decommissioning tax breaks a bad deal for the UK taxpayer
Despite Professor Alex Kemp’s justification for decommissioning tax breaks, any break is a very poor deal for the UK taxpayer. Current levels are set at 75% or 50 % for respective petroleum revenue tax (PRT) paying and non-PRT fields. With estimates of the total decommissioning cost at ca £40billion, the taxpayers’ portion is, by any fiscal measure, a huge sum of money. It equates to approximately £1,000 per UK taxpayer. Furthermore, should decommissioning costs increase, as many suspect they will, the risk to the taxpayer is obvious.
Forth Ports appoints new recruit to focus on oil and gas decommissioning
Forth Ports has appointed a new recruit to focus on its oil and gas and decommissioning activity.
Decom Series: New simulator to ‘massively reduce’ well decommissioning costs
A new piece of kit that could strip down decommissioning costs is expected to be in Aberdeen in time for Christmas.
Prof Kemp says North Sea industry had ‘good case’ for decommissioning tax break
North Sea businesses hoping to benefit from decommissioning tax breaks were left wanting by the Chancellor’s Autumn Statement today.
Industry needs to know who will be left holding the decommissioning parcel, analyst says
There are still too many questions and not enough answers when it comes to decommissioning costs and liabilities, an industry analyst has said.
Decom series: Montrose to punch above its weight in decommissioning market
The port of Montrose might not leap out as the most obvious choice of facility for decommissioning work.
Union says UK Treasury facing hefty decommissioning bill
UK taxpayers could be liable for a significant share of the North Sea’s multi-billion pound decommissioning costs over the next 40 years, according to a new study.
Lloyd’s Register launches new decommissioning service
Lloyd’s Register has launched a new service to un-cloud the regulatory and technical aspects of oil and gas decommissioning.
Energy minister pledges investment to keep decommissioning work in Scotland
Scotland’s energy minister said today that the Scottish Government was ready to invest to stop decommissioning work going overseas.
Decommissioning a ‘huge opportunity’ for Northern Isles, Carmichael says
Former Scottish secretary Alistair Carmichael said today that the decommissioning market should become a key driver of employment in Orkney and Shetland.
Union calls for investment to create decommissioning jobs
A trade unionist has called for industry and government to invest in decommissioning to make sure the sector creates as many jobs as possible.
OGUK decommissioning report forecasts steady rise in work
A groundbreaking new report predicts a steady rise in decommissioning work in the UK and Norway over the coming decade.
Decom series: Gap between P&A and platform removal full of opportunities
An Aberdeen offshore engineering services firm believes there is money to be made in the gap between well plugging and abandonment (P&A) and platform removal.
North-east firms join forces to offer new decommissioning package
Two north-east firms have teamed up to provide a joint package of onshore decommissioning services.
Decom series: Aberdeen harbour sees supply chain as its ‘strong suit’
Despite having some of the most ambitious plans of any UK port, bosses at Aberdeen harbour are not getting carried away as far as decommissioning is concerned.