ExxonMobil (NYSE:XOM), operator of the Gippsland Basin Joint Venture, has hired the Helix Q7000 semisubmersible vessel to support decommissioning activities in the Gippsland basin offshore Australia, as ExxonMobil ramps up decommissioning work.
It cited analysis by Boston Consulting Group stating that by 2038 there would be 1,000 offshore structures in the Arabian Gulf that would no longer be economically viable.
Driven by societyโs need to tackle climate change, renewable energy-based power generation is growing exponentially worldwide and especially in Europe where wind power alone now accounts for around 16% of capacity.
Indonesiaโs Pertamina has reportedly successfully decommissioned the Southeast Asian countryโs first offshore oil and gas platform in partnership with South Korean companies, according to upstream regulator SKK Migas.
There is so much work to be done over the next 10 years in decommissioning that executing it could be a bigger concern than the supply chain having to chase it.
Well-Safe Solutions is at the forefront of the energy transition, with industry-leading well decommissioning expertise and a backlog of work for its bespoke plug and abandonment assets.
For the last 50-plus years, the UKโs energy industry has been dominated by oil and gas activity, but as our industry matures, it faces increasing opportunities in decommissioning.
For the last 50+ years, the UKโs energy industry has been dominated by oil and gas activity, but as our industry matures, it faces increasing opportunities in decommissioning.
What brought that on? My anger with one of the latest โScotland is nowโ claims. Issued by Scottish Development International as a Tweet it claims, and I quote: โFrom wind to wave and hydrogen to solar, Scotland is a global leader in renewable energyโ. The associated video itself then goes on to claim that โScotlandโs a leader in hydrogen and fuel cell technologiesโ. ยญ
Operating in more than 65 countries and responsible for billions of barrels in reserves and production, BPโs oil and gas portfolio is formidable. With that come serious commitments and considerations as to what happens to infrastructure at the end of its life.
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).