Taqaโs share of the decommissioning bill for the Greater Brae Area (GBA) has increased by more than $350 million after a licence partner defaulted on its liability.
New analysis has outlined โhuge concernsโ for UK taxpayers around whether oil and gas firms will be able to meet their hefty decommissioning costs, with some rising above their company market values.
RockRose Energy has lost control of its only operated platforms in the UK North Sea after three partner companies raised โserious concernsโ in court about its ability to run the assets.