Oil and gas operators will have to approach the challenge of decommissioning in new ways if the goal of maximizing economic recovery from the UK Continental Shelf (UKCS) is to be achieved, according to a report from professional services firm KPMG…
There has been much uncertainty in recent years around the tax relief available to companies as part of the decommissioning process, as a result of a constantly changing UK tax regime. Oil and gas companies have commonly been required…
As decommissioning begins in earnest in the UK North Sea, the real cost of decommissioning is starting to be seen. Elaine Maslin reports on a study conducted to assess the increasing costs. The…
Oil and gas supply chain leaders need to drive “transformational change” to bring down costs before the multi-billion North Sea decommissioning program will start, a leading industry figure said. Supply chain companies in the East of…
Peterson and UK-based Veolia announced a US$1.5 million investment in the development of a new, purpose built decommissioning facility in Great Yarmouth. The new site in Great Yarmouth port, operated with joint venture partner Veolia…
Engineering and project management firm Atkins has own a pre-front end engineering and design decommissioning contract with Centrica Energy. The five-year agreement will see Atkins provide UK-based Centrica with engineering and design services…
Concerns about agreements around decommissioning costs on the UK Continental Shelf have been added to a rising tide of warnings about the future of the North Sea oil and gas industry. The warnings, which focus on the future sustainability of the North Sea…
Lerwick Port Authority (LPA) and international energy logistics company Peterson is planning investment totaling £20million to make Lerwick, Shetland, a decommissioning centre of excellence. LPA is undertaking a £11.95 million quayside…
Offshore oil and gas decommissioning forum Decom North Sea (DNS) has appointed a new chief executive. Nigel Jenkins (pictured) will take up the post on July 1 and replaces Brian Nixon, who is retiring after playing an instrumental role…
The first decommissioning relief deeds have been presented by new Economic Secretary to the Treasury Nicky Morgan to senior representatives from the oil and gas industry. The deeds will provide greater certainty over the tax relief companies…
A new report shines a spotlight on the UK’s decommissioning supply-chain’s future needs. The latest estimate of future spending on decommissioning in the UK Continental Shelf (UKCS) is approximately £35billion by 2040. To date, fewer…
Research identifying strengths and weaknesses in the oil & gas decommissioning sector will be outlined to delegates attending a new one-day event for the sector taking place in Aberdeen today.Decom Offshore 2013 is being held by offshore oil…
Whisper it quietly, but the long-promised dawn of serious and sustainable North Sea decommissioning sector activity may have arrived at last. Extensive planning and preparation are currently under way in the sector as countries around the North…
Time is running short for a collaborative and cost-efficient approach to decommissioning, believes Optimus consultant Stuart Heggie.Perhaps understandably, governments and operators have put off decommissioning as much as possible. However,…
Current projections indicate around £27 billion will be spent on UK offshore decommissioning over the next 40 years, of which £9.2 billion will be spent over this next decade, according to a 2010 Decommissioning Insight brochure presented at the conference by Robert Harris-Deans…
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