AF Gruppen keeping door โfirmly openโ on future decom co-ops after Fairfield collapse
Bosses at engineering firm AF Gruppen remain open minded about a future decommissioning partnership after a previous venture failed to gain traction.
Bosses at engineering firm AF Gruppen remain open minded about a future decommissioning partnership after a previous venture failed to gain traction.
Aker Solutions and AF Gruppen have terminated a proposed merger of their decommissioning operations in a major deal announced earlier this year.
If anyone needed any evidence that decommissioning is accelerating they need only look at the BEIS table of approved decommissioning programmes.
As strange as it may seem, the North Sea, in its current form anyway, is slowly but steadily entering its twilight years.
North Sea decommissioning is estimated at ยฃ46billion and the regulator recently warned that the industry may fall short of its cost cutting target. However, "groundbreakingโ deals are emerging which could make significant headway.
Costs of decommissioning the Greater Dunlin Area in the North Sea have increased by ยฃ25million in the last year, with the completion timeline slipping.
Following the news that Fairfield Decom will cease trading, Graeme Fergusson, managing director, shares his thoughts on the sector and the immediate risks that it faces.
Integrated decommissioning firm Fairfield Decom has confirmed it has ceased trading with immediate effect.
A โright assets right handsโ approach to retiring North Sea infrastructure could benefit new decommissioning suppliers, according to an industry chief.
Heerema, owner of the worldโs largest offshore crane vessels, has said squeezed prices have made a โvery difficult business caseโ for the decommissioning market.
The offshore oil and gas sector is โripeโ for emerging new decommissioning models, however analysts BCG said they โstrongly doubtโ some will survive.
A group of operators is making progress on plans to work together on the decommissioning of oil and gas infrastructure worth billions of pounds that sits east of Shetland, an industry chief said.
The rise of specialist decommissioning firms could give the UK the edge in a global oilfield dismantling market worth ยฃ67 billion over the next decade, a new report said.
A new decommissioning company in Aberdeenshire is seeking out its first contract, saying their inaugural customer โneeds to be as visionary as usโ.
The managing director of a new Aberdeenshire-based decommissioning business has said he has already received interest from south-east Asia in the weeks-old venture.
An Aberdeenshire firm has joined forces with two major decommissioning contractors to launch a joint venture offering lower UK North Sea dismantling costs.