โIn the early 2030s we will have probably removed all of the assets we have operating at the moment,โ says David Wilson, decommissioning and projects director at TAQA (ADX: TAQA).
More than 300 offshore workers have voted for strikes across 20 North Sea installations, Unite the Union has announced, causing "major problems" for production.
The majority of UK North Sea assets are being dismantled in Britain, new figures have revealed amid concerns of overseas yards winning decommissioning work.
RockRoseโs swoop for Marathon Oilโs UK business will breathe new life and investment into โunloved and marginalโ North Sea assets, an analyst said yesterday.
Marathon Oil insisted last night it had still not submitted any plans for decommissioning one of the North Seaโs oldest producing fields to the UK Government.
Marathon Oil became the latest oil and gas major to post a massive cut in earnings in 2015 - revealing a $386 million loss for the three months to June 30.