A tribunal has ruled against Repsol Sinopec Resources UK (RSRUK) in a £5million decision on its North Sea emissions.
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.
North Sea operator CNR International has been handed an enforcement notice over an oil spill.
The head of decommissioning at an offshore industry regulator is “worried” some operators lack the appetite to deliver decommissioning.
A UK decommissioning chief has said the rigs-to-reefs concept is a non-starter in British waters.