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.
The decommissioning bill for NEO Energy’s newly-acquired Exxon Mobil assets in the UK has been estimated at $1.1billion (£795m).
Swift Drilling has won a multi-year decommissioning deal with Wintershall in the North Sea.
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 changes for decommissioning tax rules will help end “areas of dispute” between the industry and UK government, according to a leading expert.
EnQuest said today that work to halt production from the Dons fields in the UK North Sea had begun.
Decom North Sea (DNS) has confirmed its fourth Decom Awards will take place virtually for the second year running.
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.
Australian energy service firm Worley said today it was helping Allseas to decommission two of Spirit Energy’s east Irish Sea platforms.
Scopus Engineering has won a deal to provide decommissioning services on a platform in the UK southern North Sea.
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 floating production, offloading and storage vessel (FPSO) will be scrapped in Denmark.
Waste management firm Augean expects to record a £3 million impairment in its 2020 results linked to the decline of its North Sea business.
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.
A long-awaited UK Government paper into oil and gas decommissioning lacks clarity on certain key areas, a trade body has said.
A Scottish firm has clinched its maiden contract for dismantling offshore platforms at a facility in Methil, Fife.
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 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.
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 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.
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”.
Perhaps more than any year in living memory, it is hard not to reflect on 2020 and wish for its speedy passing - to look forward to 2021 and the hope on the horizon.
Repsol Sinopec Resources UK (RSRUK) has handed in decommissioning programmes for the Fulmar and Auk North fields to the UK Government.
The UK Government’s upcoming energy white paper should give “serious consideration” to a proposed £100m decommissioning loan fund, according to a petroleum economist.
Aberdeen Harbour has “hidden” its decommissioning credentials for too long and needs to raise its profile in the sector to secure a bigger share of the market, one of its bosses said yesterday.