Abandoned pipelines pose threat of releasing toxins into North Sea, scientists issue warning
Neglected oil and gas pipelines deteriorating in the North Sea pose a potential hazard, as they may discharge significant amounts of hazardous substances such as mercury, radioactive lead, and polonium-210, infamous for its role in the poisoning of Russian defector Alexander Litvinenko, caution scientists. Methylmercury, the most toxic form of the metal, is emitted by […]
Paving the Way for Sustainable Decommissioning: SEELOS Final Meeting Concludes
Hosted by Institut Teknologi Bandung (ITB) and Universiti Teknologi PETRONAS (UTP) on 21 February 2024
GAO slams failed oil and gas decommissioning
Oil and gas operators regularly delay decommissioning offshore platforms and wells, leaving idle enormous amounts of industry infrastructure in violation of federal rules, according to a pair of reports released Tuesday by Congress’ top watchdog. The Government Accountability Office found that 2,700 wells and 500 platforms are past due for dismantling and decommissioning in the […]
Oil Platforms’ Removal?: Reefing the Superior Environmental Option
Reaching the end of their economic oil producing lifetimes, many of California’s and specifically Santa Barbara’s offshore platforms are in the process of being decommissioned. They can either be fully removed and taken to scrap yards on land, or they can be turned into state-managed artificial reefs through California’s Marine Resources Legacy Act. Why wouldn’t […]
EIG acquires Brazilian offshore oil, gas solutions provider Ocyan for $390 million
(WO) – EIG has entered into definitive agreements with Novonor S.A. and Brazilian Development Bank (“BNDES”) to acquire Ocyan Participações S.A., a Brazilian-based solutions provider to the offshore oil and gas industry, for a total amount of $390 million. Ocyan has a 23-year track record delivering high-quality maintenance solutions to the offshore oil and gas […]
The great offshore decommissioning
Battered by sea and wind, and eventually destroyed by economics, much of Australia’s offshore oil and gas structures are coming down. The latest estimates from the Centre of Decommissioning Australia, an independent body focused on the challenge of aging infrastructure, put the value of the work in Australian waters at US$40 billion (AU$58.5 billion) in […]
Australia’s decommissioning challenge raises financial risks for governments and shareholders
Australia’s oil and gas industry faces a big challenge to decommission offshore oil and gas infrastructure over the coming decades, creating risks for investors and governments. In recent decades, Australia has seen significant investment in offshore oil and gas infrastructure, particularly in Victoria and Western Australia. The oil and gas industry now faces a material […]
The Commonwealth Oil and Gas Decarbonisation/Net-Zero Regulatory Toolbox
A set of resources offering practical tools for governments looking to adopt greenhouse gas management plans for new petroleum field development projects, and to assess emissions risks from decommissioned or stranded oil and gas assets. The world has to slash emissions by 42 per cent within the next seven years to keep the 1.5°C goal […]
Decommissioning oil and gas ‘megastructures’ set to clash with offshore wind
Installing huge numbers of wind turbines in the North Sea will soon clash with demands for decommissioning oil and gas platforms, according to a major industry study. Offshore Energies UK (OEUK) has published its 2023 Decommissioning Insight Report highlighting a £20bn spending forecast for the next decade and projecting that this year will see spend […]
4th International Seminar Delves into Offshore Decommissioning Challenges and Solutions
Ho Chi Minh City, Vietnam, November 21, 2023 – The 4th International Seminar on “Challenges and Opportunities in Offshore Decommissioning in Southeast Asia and Beyond” took place from 9:00 AM to 1:00 PM (UTC +7). Hosted by PetroVietnam University at the Eastin Grand Hotel Saigon, this hybrid event attracted 40 in-person attendees and 92 online […]
