Europe to lead Offshore Decommissioning Market in the Oil & Gas Equipment & Services Industry|Technavio
“The rising investments in renewable energy and the maturing oil and gas fields and aging platforms will further boost market growth during the forecast period”, says a senior analyst at Technavio. NEW YORK, June 25, 2021 /PRNewswire/ — Europe is expected to lead the offshore decommissioning market with 55% of the market’s growth during 2020-2024. […]
Taqa Files Decommissioning Plan for Cormorant Alpha Platform Topsides
Oil and gas company Taqa has filed plans for the decommissioning of the topsides of the Cormorant Alpha platform in the North Sea. The Cormorant Alpha platform is located in Block 211/26 of the Northern North Sea (NNS), approximately 103 km northeast of Shetland and 41 km west of the UK/Norway median line. Installed in […]
Kinsale’s 42-year gas production to end after multi-million euro decommissioning project
The decommissioning operation involves 400 people and specialised equipment brought from the Netherlands. It is the biggest offshore operation since the platforms were built in the 1970s.Seven wells connected to the Alpha platform had been plugged with concrete. The other seven connected to the Bravo platform should be plugged by the end of this month. […]
Offshore Decommissioning Market Research Report by Technavio Indicates $ 1.77 Billion Growth During 2020-2024
“One of the primary growth drivers for this market is the maturing oil and gas fields and aging platforms,” says a senior analyst for the Energy industry at Technavio. As the markets recover, Technavio expects the offshore decommissioning market size to grow by USD 1.77 billion during the period 2020-2024. News article on 4th December […]
Offshore Decommissioning in SEA and Beyond: The Challenges and Opportunities
SKUDAI – The Safe & Sustainable Decommissioning of Offshore Structures (SEELOS) Project hosted its first annual seminar event, “Challenges and Opportunities in Offshore Decommissioning in South East Asia and Beyond” recently. The November 23 event was led and organized by Universiti Teknologi Malaysia (UTM). UTM is a premier Malaysian public research-intensive university ranked 187th in […]