decommissioning

Coronavirus

Decommissioning: beyond the challenges of oversupply, pandemic and recession

05/05/2020

After weathering the storm that was the price collapse of 2014, the oil industry has again been hit in recent months by two new blows almost simultaneously: oversupply (caused by the failure of negotiations between Saudi Arabia and Russia to agree on production cuts and the aggressive response of the former); and a demand shock (reflecting the economic impact of the Covid-19 lockdown).

Decom

Video: Well-Safe rig ready for at least another 10 years

21/02/2020

Well-Safe’s chief operating officer Matt Jenkins talks to Energy Voice about the company’s maiden asset, Well-Safe Guardian, during a visit to Nigg Energy Park, where the vessel is being refurbished. Read: Well-Safe ‘actively’ looking at more rigs as maiden purchase gets ready to hit the market