{"id":5377,"date":"2023-11-22T14:02:00","date_gmt":"2023-11-22T06:02:00","guid":{"rendered":"https:\/\/aseanoffshore-decom.org\/?p=5377"},"modified":"2024-05-02T11:05:22","modified_gmt":"2024-05-02T03:05:22","slug":"decommissioning-costs-could-overtake-oil-and-gas-capex-in-the-uk-by-2040","status":"publish","type":"post","link":"https:\/\/research.utm.my\/asean-decommission\/2023\/11\/22\/decommissioning-costs-could-overtake-oil-and-gas-capex-in-the-uk-by-2040\/","title":{"rendered":"Decommissioning Costs Could Overtake Oil and Gas Capex in the UK by 2040"},"content":{"rendered":"\n<p>The costs of decommissioning oil and gas platforms in the UK\u2019s North Sea could overtake capital expenditure in the industry by 2040, a new report from Offshore Energies UK has suggested.<\/p>\n\n\n\n<p>At the moment, decommissioning costs represent a relatively small part of oil and gas companies\u2019 total spending. Last year saw decommissioning costs accounted for some 12% of total spending in the industry. This could rise to 25% in 2032 and keep rising to top capital expenditure by 2040.<\/p>\n\n\n\n<p><strong>News article on 21 November 2023<\/strong> <strong>by Charles Kennedy <\/strong>from <em>oilprice.com<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p>For further reading, please visit <em>oilprice.com<\/em> >> <a href=\"https:\/\/oilprice.com\/Latest-Energy-News\/World-News\/Decommissioning-Costs-Could-Overtake-Oil-and-Gas-Capex-in-the-UK-by-2040.html\">Decommissioning Costs Could Overtake Oil and Gas Capex in the UK by 2040<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The costs of decommissioning oil and gas platforms in the UK\u2019s North Sea could overtake capital expenditure in the industry by 2040, a new report from Offshore Energies UK has suggested. At the moment, decommissioning costs represent a relatively small part of oil and gas companies\u2019 total spending. Last year saw decommissioning costs accounted for [&hellip;]<\/p>\n","protected":false},"author":13006,"featured_media":5378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[12,22],"tags":[],"class_list":["post-5377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-worldwide"],"_links":{"self":[{"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/posts\/5377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/users\/13006"}],"replies":[{"embeddable":true,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/comments?post=5377"}],"version-history":[{"count":1,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/posts\/5377\/revisions"}],"predecessor-version":[{"id":5379,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/posts\/5377\/revisions\/5379"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/media\/5378"}],"wp:attachment":[{"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/media?parent=5377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/categories?post=5377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/research.utm.my\/asean-decommission\/wp-json\/wp\/v2\/tags?post=5377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}