UK Government builds up £1bn kitty to protect taxpayer from decom costs
Nearly £1 billion worth of security has been squirreled away to protect UK taxpayers from being slapped with excessive decommissioning bills, a UK Government official said.
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CNR International hit with enforcement notice over oil spill
North Sea operator CNR International has been handed an enforcement notice over an oil spill.
Regulator ‘worried operators lack appetite for decommissioning’
The head of decommissioning at an offshore industry regulator is “worried” some operators lack the appetite to deliver decommissioning.
Decom Conference: Rigs-to-Reefs a non-starter in UK North Sea
A UK decommissioning chief has said the rigs-to-reefs concept is a non-starter in British waters.