Oil industry ‘ripe’ for new decommissioning models but some won’t survive, says BCG
The offshore oil and gas sector is “ripe” for emerging new decommissioning models, however analysts BCG said they “strongly doubt” some will survive.
Philip Whittaker
‘Wave of idle iron’ predicted as oil firms defer decommissioning and rush shutdowns
Widespread decommissioning deferrals could lead to a “wave of idle iron” in the UK and globally as companies rush to preserve cash and potentially shut down uneconomic oil platforms, according to new analysis.
Research highlights ‘huge concern’ over oil firms’ ability to pay decommissioning bills
New analysis has outlined “huge concerns” 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.