A new screening tool designed to maximise the repurposing of oil and gas infrastructure has been established.
It is hoped the creation of offshore renewable hubs could provide an alternative to decommissioning oil and gas assets.
Oil companies welcomed changes which will guarantee tax relief on future decommissioning costs.
Rope-access specialist AquaTerra Solutions said yesterday it had won contracts worth more than £4million in recent months.
Oilfield service group Aker Solutions has won an £18million deal that will guarantee the future of 80 north-east jobs.
MARINE-SAFETY specialist Survival Craft Inspectorate (SCI) has won a multimillion-pound deal to supply and service life-saving equipment for Shell's operations in the southern North Sea.
The chief executive of a new industry body set up to make sure UK businesses are ready for decommissioning work is attending OTC to help to build knowledge of the organisation.
Proserv Offshore, which has its global headquarters at Kintore, in Aberdeenshire, has launched new decommissioning service Proserv Energy on its stand at OTC.