Petronas hires Norwegian subsea company for decommissioning services in Mauritania
KUALA LUMPUR (May 13): Petroliam Nasional Bhd (Petronas), via its unit PC Mauritania 1 Pty Ltd (PCMPL), has hired Norwegian offshore services company Havfram for decommissioning operations in Mauritania. In a statement on Thursday (May 12), Havfram, previously known as Ocean Installer, said that Petronas awarded the contract to the company for the provision of […]
Summary of Seminar on “Waste management challenges and strategies for decommissioned offshore structures in ASEAN” on May 12th, 2022.
Skudai – The Safe & Sustainable Decommissioning of Offshore Structures (SEELOS) Project hosted the seminar of “Waste management challenges and strategies for decommissioned offshore structures in ASEAN” recently. The purpose of this event was to obtain views from the industry (oil and gas operators, recycling facilities, and waste management facilities) on their readiness to receive […]
UK-based Waste Management Firm to Store CO2 Under Seabed in Norway
Cory, a UK-based waste management and recycling company, might soon ship carbon dioxide from its ‘energy from waste operation’ on the River Thame in London to Norway’s Northern Lights subsea carbon storage facilities. Cory and Northern Lights JV signed a memorandum of understanding to for this operation which might create a blueprint for international carbon […]
Bill to decommission failed Timor Sea oil vessel tops $600m
The federal government will spend up to $325 million on the next step to decommission the failed Northern Endeavour oil vessel, but under legislation passed last week, the offshore oil and gas industry will foot the entire bill. The federal government has been responsible for the vessel moored in the Timor Sea 550 kilometres from […]
RESPONSIBLE OIL PRODUCTION AND DECOMMISSIONING
Oil and gas assets should be exploited responsibly with emphasis on maintenance, writes Damilola Ade-Odiachi Nigeria’s Oil and Gas Industry faces a crisis that stakeholders are only just paying attention to; responsible oil production and decommissioning. It is a threat that has lingered since the very dawn of oil production in Nigeria. At its core, […]
Shell Adds Deep-Water Production in the Gulf of Mexico with PowerNap
Shell Offshore Inc. (Shell), a subsidiary of Shell plc, today announces the start of production at PowerNap, a subsea development in the U.S. Gulf of Mexico with an estimated peak production of 20,000 barrels of oil equivalent per day (boe/d). PowerNap is a tie-back to the Shell-operated Olympus production hub in the prolific Mars Corridor. […]
Offshore Energy: Are Decommissioning Costs set to Spiral?
As offshore market activity recovers and continues to increase through the next decade, as NorthStone Advisors expect it to, oilfield service (OFS) capacity is expected to tighten. In NorthStone Advisors’ view, this will create a period of increased scarcity and cost inflation, presenting significant cost and schedule risk to decommissioning programs. Many eyes are on […]
ASIC pushes Woodside on decom disclosures
WOODSIDE Petroleum will spend an extra US$240 million on decommissioning, mostly on removing plastic coated pipelines but the Australian Securities and Investments Commission still has concerns around its restoration costs disclosure, it said today. ASIC said in a release that the company has improved its disclosure of possible restoration costs in future, disclosing what infrastructure […]
Trident lets decommissioning contract offshore Brazil
HOUSTON – Trident Energy do Brasil Ltda has awarded Helix Energy Solutions Group Inc. a field decommissioning contract in the Pampo and Enchova Clusters in the Campos basin. The project is expected to start in late 2022 for a firm period of 12 months with multiple customer options to extend. News article on 17 February 2022 by Offshore staff from […]
Power play: UK North Sea industry up for the challenge of electrifying oil and gas platforms
The UK’s oil and gas industry, regulators and offshore wind developers are optimistic about overcoming technical, commercial and other challenges — including a bill of up to £5 billion ($6.76 billion) — to electrify enough North Sea platforms to meet impending emissions reduction deadlines. The North Sea Transition Deal signed with the UK government last […]