The Mounting Offshore Oil & Gas Decommissioning Cost
The safe, timely and cost-efficient decommissioning of offshore infrastructure is one of the big challenges faced by the oil & gas sector. We estimate that the liability currently stands at over $300 billion (real terms), and this will only increase as companies continue to make and develop new discoveries. Key offshore producers Brazil, the US […]
North Sea regulator launches investigation into oil and gas decommissioning practices offshore UK
(WO) – North Sea operators must take action on well decommissioning to support the UK’s supply chain, clean up their oil and gas legacy and stop costs spiraling, the industry regulator has warned. Repeated delays to well plugging and abandonment (P&A) work, competition for rigs from overseas and cost pressures are pushing up the estimated […]
Promethean leading DeepStar decommissioning study
DeepStar is a joint industry technology development program administered by Chevron, with nine other core members and support from various offshore operators, technology vendors and partners. HOUSTON — The DeepStar consortium has commissioned Promethean Energy to identify emerging technologies that could support the oil and gas decommissioning markets in the Gulf of Mexico, UK Continental […]
Insights and Innovation: Netherlands Offshore Decommissioning Excellence
Hosted by Universiti Teknologi PETRONAS (UTP) on 27 May 2024 until 30 May 2024
Malaysian oil & gas services provider performs ‘Asia’s first reverse S-lay’
Malaysian oil and gas services provider Sapura Energy has completed what it says is the first reverse S-lay pipeline operation in Asia. The company’s heavy-lift pipelaying vessel Sapura 1200 performed the reverse S-lay pipeline decommissioning technique in a pipeline removal campaign in Thailand. News article on 29 May 2024 by Nadja Skopljak from offshore-energy.biz For further […]
DOI Announces New Decommissioning Rule
In a statement posted on its website, the U.S. Department of the Interior (DOI) announced a final rule from the Bureau of Ocean Energy Management (BOEM) “to protect taxpayers from covering costs that should be borne by the oil and gas industry when offshore platforms require decommissioning”. “Under the new rule, BOEM estimates industry will […]
Centre of Decommissioning Australia : On a Mission to Decommission
From extremely low levels of activity pre-2020, Australia’s decommissioning industry is now experiencing rapid growth in the committed volume of work from operators and is driving many opportunities for the service sector and workforce. These significant step changes don’t come easily, however, as a lot of people require a shift in mindset towards the unique […]
Multinational players urged to step up oil & gas decom game off Australia
The Maritime Union of Australia (MUA) is calling for a comprehensive clean-up of disused offshore infrastructure on the Australian coast to be funded by multinational oil and gas companies that put these installations in the country’s waters. The Union’s Assistant National Secretary Mich-Elle Myers is advocating for the removal of disused equipment from the seafloor […]
Effects of oil and gas platform decommissioning on Moray Firth porpoises
New research from the University of Aberdeen has shed light on what effect decommissioning could have on local marine mammals. An increasing number of offshore Oil and Gas, and wind energy structures will be decommissioned in the next decades as they reach the end of their production life. The removal of man-made marine structures involves […]
Sapura Energy Boosts Decommissioning Offer for Southeast Asia
Malaysia-based offshore services firm Sapura Energy has teamed up with AF Offshore Decom to launch Kitar Solutions, in a strategic move to address the growing market need for integrated decommissioning services in Southeast Asia. Kitar Solutions is the outcome of Sapura Energy’s strategic partnership with AF Offshore Decom, a well-established Norwegian company specializing in customized […]
