Fairfield Energy has cut £31million from the total bill to decommission the Greater Dunlin Area in the North Sea.
A giant North Sea project could help disprove false perceptions on redeveloping old fields, according to a former oil boss.
While the UKCS continues to thrive, with oil production in 2018 the highest since 2011, news of the launch of Fairfield Decom is also evidence of the evolving decommissioning market.
An Aberdeenshire firm has joined forces with two major decommissioning contractors to launch a joint venture offering lower UK North Sea dismantling costs.
The UK Government has agreed to pay up to £400million in oil and gas decommissioning relief to one of Japan’s largest trading companies.
The Decommissioning Relief Deed dates back to a statement by the then Chancellor of the Exchequer, George Osborne, in September 2013.
Dutch heavy lift crane vessel firm Heerema Marine Contractors has won the contract to remove the Dunlin Alpha topside in the UK North Sea.
North Sea oil firm Fairfield Energy has applied for permission to leave the huge concrete legs of the Dunlin Alpha platform in the North Sea.
Concrete retrieved from the bed of the North Sea could be used in a planned £23million expansion project at a Highland port.
Fairfield Energy has awarded Bibby Offshore the contract for decommissioning the Greater Dunlin Area’s subsea infrastructure.
Decom Energy managing director Graeme Fergusson acknowledges having to “work hard” to convince employees that decommissioning is an area where the company can find its place.
Fairfield Energy submitted plans for decommissioning parts of the North Sea Dunlin area to the UK Government today.
Former North Sea oil boss David Peattie has been appointed the new chief executive of the Nuclear Decommissioning Authority (NDA).
The billionaire behind North Sea oil and gas newcomer Ineos Breagh has reported record profits for his wider business empire.
A trio of oil and gas companies told the North Sea supply chain how to get involved in decommissioning projects at an event in Aberdeen this week.
Diesel specialist Bartech Marine Engineering has won further UK North Sea work from Fairfield Energy after cutting its rates amid the offshore industry crisis.
Oil and gas investor Riverstone Energy Limited (REL) said yesterday it was profiting from industry distress and looking forward to taking advantage of emerging opportunities driven by lower commodity prices.