Global Offshore Decommissioning Market, valued approximately at USD 5.84 billion in 2018, is anticipated to grow with a growth rate of more than 4.71% over the forecast period 2019-2026.Growing number of aging offshore oil and gas platforms…
Aquaterra Energy and Oceaneering have signed an agreement to jointly offer decommissioning and late-life solution packages to the North Sea oil and gas industry.The two companies will offer tooling and services in platform well abandonment, subsea well abandonment…
North Sea oil and gas operator Chrysaor is has filed decommissioning plans for its Caister CM installation and rise sections attached to the platform. The platform, located in the Southern North Sea offshore the UK, was first put in production in 1993…
Stork Worley Integrated Solutions, a joint venture of American multinational engineering and construction firm Fluor Corporation, has secured a four-year framework agreement for EPCIC (engineering, procurement, construction, installation & commissioning)…
Fred. Olsen Windcarrier’s jack-up vessel Blue Tern has recently completed the offshore works related to decommissioning of two gas platforms for Perenco UK Limited. Fred. Olsen Windcarrier said this week that the work had been done in during the second week of January…
The Hamburg Institute of International Economics (HWWI) has drafted a new market analysis on offshore wind energy and decommissioning in the scope of the INTERREG-North Sea project 'DECOM Tools'.Against the background that offshore wind energy…
The North Sea decommissioning picture is murky at best, and its constantly evolving timetable is proving difficult to plan for, judging by the qualifying comments of a number of operators and regulators, of late.While the technology of offshore…
The UK’s offshore wind industry will need to lean on oil and gas expertise to help decommission wind farms as more than 3 gigawatts (GW) of offshore wind power reaches the end of its design life by 2034, an industry decommissioning conference heard in November…
The temporary abandonment or suspension of a well is a vital early stage of decommissioning whereby the well is isolated using methods such as bridge plugs, cement squeezes and packers. This allows the wellhead and/ or blow out preventer (BOP) to be safely removed…
Subsea services provider Rever Offshore has successfully completed a North Sea infrastructure decommissioning project of the Greater Dunlin Area for Fairfield Energy.The subsea project delivery and execution provider to the offshore energy industry…
First Subsea said it has been awarded a contract to supply three Ballgrab Internal Lifting Tools (ILT) to pipelay, heavy lift and subsea construction company Allseas. The tools are designed for lifting loads up to 900mT and will be used by Allseas for offshore decommissioning projects…
Decommissioning activity in the UK North Sea in 2019 has seen a significant ramp up, with 23 projects approved in the basin so far this year, and another eight likely to come.But, while costs continue to fall, more still needs to be done to reduce spending…
Offshore engineering solutions firm James Fisher Offshore (JFO) said it is supporting Saudi engineering, procurement and construction (EPC) business NPCC to deliver time and cost savings in offshore decommissioning operations in the Middle East…
Confidently setting an environmental barrier for plugging and abandonment (P&A) operations has traditionally been limited to mechanical bridge plugs and inflatable devices. At a fraction of the cost of conventional tools, Coretrax, the wellbore clean-up and abandonment specialist…
The offshore decommissioning market is estimated to be valued at USD 6.2 billion in 2019 and is projected to reach USD 8.9 billion by 2027, at a CAGR of 4.8% during the forecast period.The global offshore decommissioning market is dominated…
Subscribe
