Decom North Sea announced it has secured partial funds from the Scottish Government's £5 million ($6.3 million) Decommissioning Challenge Fund (DCF).The membership organization for the oil and gas late life and decommissioning sector said the…
Sentinel Subsea has created a new well integrity monitoring system, has had its technology tipped to become ubiquitous within the global decommissioning industry.Long-term well integrity verification specialist, Sentinel Subsea – which is being…
An Aberdeen-based predictive technology firm Operational Excellence (OPEX) Group has signed a five-year master service agreement (MSA) with US Gulf of Mexico operator Cantium. It's the first international agreement for the firm, which…
Wood Group has led a global project to improve industry knowledge and understanding of flexible pipe integrity management. The findings of the Sureflex joint industry project (JIP) are published today (Tuesday 5 September) in a report…
According to latest figures from Oil & Gas UK, decommissioning is the only business area where expenditure increased last year on the UKCS, from just over US$1.2 billion (£1 billion) in 2015 to $1.5 billion (£1.2 billion) in 2016. Expenditure is expected to rise further in 2017 to around $2…
Production efficiency (PE) on the UK Continental Shelf (UKCS) has risen for a fourth consecutive year to 73%, according to a new publication released by the UK regulator, the Oil and Gas Authority (OGA). The increase in the measure, which…
The key to governing a late life oil province like the North Sea is getting the balance right between initiatives to maximize recovery in late life assets with the practicalities of planning for decommissioning. Fail on the first and…
Centrica is investing £35 million in the North Sea Chestnut field, drilling a new production well which aims to more than treble production. The well is expected to also extend the life of the field, which otherwise would have been shut in later this year…
Late life-cycle integrity specialists, Well-Centric and Hunting, have been awarded an approximately US$6.2 million (£5 million) contract by a major North Sea exploration and production operator. The collaboration will see Well-Centric and Hunting join forces to provide maintenance…
Wood Group has been awarded a three-year global agreement with BP for the provision of conceptual engineering services, pre-front end engineering design (pre-FEED) and FEED engineering services. The agreement has an option to extend for two additional years…
British subsea companies are expecting to increase overseas activity in the next 12 months, according to a survey conducted by industry body, Subsea UK. Of the 300 member companies surveyed, 27% are predicting increasing exports by 50% or more in 2017…
Lloyd’s Register helps you navigate the regulatory and technical complexities of late life operations and decommissioning. Drive significant cost savings, improve project efficiency and safely decommission assets and facilities.
The Petroleum Safety Authority Norway (PSA) has carried out audits within several disciplines at Snorre B, which is operated by Statoil. From 24 October to 7 November 2016, the PSA carried out an audit of Statoil's handling of major accident and working environment risk at Snorre B…
Oilfield services provider Expro has strengthened its well abandonment services with the appointment of senior project manager, Bill Inglis. Expro launched four new business capabilities last year, including fully integrated well abandonment services encompassing…
Audrey Leon speaks with Lloyd’s Register about a new cloud-based software aimed at optimizing maintenance programs and reducing operational expenditures by up to 40%. Image from iStock. Managing…
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