The decommissioning sector is facing a myriad of challenges including inflationary pressures, skills shortages and a lack of project visibility according to Decom Mission, the Aberdeen-based trade body representing the industry.
Italian oilfield services firm Saipem (BIT: SPM) has awarded Petrofac a new multi-million-pound deal to support the decommissioning of a platform in the UK sector of the North Sea.
Energy trade body, Offshore Energies UK (OEUK), is set to host its Offshore Decommissioning Conference next month with sessions hosted by industry experts.
A discovery of “deepwater coral” on the legs of the Ninian Northern platform has rekindled a debate on whether oil installations should be fully removed from the seabed.
Dozens of oil rigs were sold for scrapping in 2020 as the drilling sector dealt with the impacts of Covid-19, according to market-watcher Bassoe Offshore.