Trailing liability for decommissioning of offshore petroleum property guidelines released. Tags: Resources news News Expanded remedial direction provisions for offshore petroleum titles came into effect…
With the backlog of idle offshore platforms steadily increasing, the industry needs to optimize procedures and operational strategies to reduce costs while improving overall HSE…
Australian operator Woodside Petroleum is progressing work to decommission its Enfield oilfield in Block WA-28-L, off the coast of Western Australia. Woodside this month submitted…
Credit: Pixabay/CC0 Public Domain In an analysis of over 19,500 orphaned oil and gas wells across the United States, scholars at Resources for the Future…
The FPSO Umuroa has been disconnected from the Tui oil field, 50kms from the Taranaki coastline. The multi-million dollar Tui oil field decommissioning project is…
National Energy Resources Australia (NERA) has launched the Centre of Decommissioning Australia (CODA) a collaborative body to address the challenges of decommissioning Australia’s aging oil…
(Source: California State Lands Commission) Your browser does not support the audio element. The state of California recently hit a milestone in a decommissioning project…
Petrofac Offshore engineering specialist Petrofac has secured a well project management contract with PTT Exploration and Production (PTTEP) for operations in Australia. Under the contract,…
Operator Woodside Energy has been hit with compliance action by Australia’s offshore regulator to ensure the “safe and responsible decommissioning” of infrastructure left at its…
Maersk Decom planning Tullow’s decom work in Mauritania As an up-and-coming area for decommissioning, Africa is following developments in more mature areas, such as the…
US supermajor Chevron has launched a significant offshore decommissioning exercise in Thailand comprising dozens of offshore platforms and subsea pipelines, as the decommissioning sector gathers…
Platforms may be similar in characteristics and configuration, but the cost of decommissioning them can differ significantly depending on location, climate, and regulations. The recent…
Brazil: Legal Update: New Regulation From The Brazilian National Petroleum Agency (ANP) On Decommissioning The Resolution marks an important stage in the Brazilian regulatory framework…
Marine biologists forecast the effects of oil platform decommissioning on fish communities Biologists and fishermen alike know that offshore oil platforms function as de facto…
Image Credit: Boskalis Dutch dredging and marine services giant Boskalis has acquired the U.S.-based maritime emergency response specialist Ardent Americas. Ardent, created by the 2015…
1 Introduction Whilst decommissioning of offshore and onshore sites is a nascent industry in Australia, it is an industry that is set to become increasingly…
Above is a Sept. 2019 photo of the subsea support vessel Maersk Installer during a subsea infrastructure removal, recycling and waste management project for the…
Credit; Maersk Decom Denmark’s Maersk Decom has won a contract for complete plugging and abandonment of Tullow Oil’s Banda and Tiof fields offshore Mauritania. This…
Concept: the Lankun heavy-lift vessel Photo: Image SHANDONG MARINE New company created to finance, build and operate unit destined for offshore decommissioning and installation work…
A Wärtsilä thruster solution will enable an existing hull to become the crane vessel Bokalift 2. (Image copyright Boskalis) Wärtsilä has committed to a demanding…
The number of offshore assets reaching their end of life, globally, is rising, meaning decommissioning projects are a real eventuality for many operators. Decommissioning is…
(File photo: Heerema Marine Contractors) Decommissioning in Southeast Asia and Australia offers a US$100 billion opportunity out to 2040 with a million tonnes of steel…
Oil and gas exploration: ‘Priority action’ recommendation on disused wells not followed through The government is being taken to task for failing to act on…
Canada’s struggling oil industry leaves thousands of wells abandoned, without enough money for cleanup Under provincial law, oil and gas companies are responsible for plugging…
Question List 4 – Risks Related to the Magnitude and Timing of Decommissioning Liabilities LONDON, Feb. 5, 2020 /PRNewswire/ — As detailed in ARCM’s recent…
Speaking during session two of the Offshore Support Journal Subsea Conference in London, Ulstein Design & Solutions sales manager Nick Wessels said current demand…
Nearly half a dozen oil facilities off the Long Beach coast are currently being reviewed for a complete shutdown, but energy stakeholders, scientists and fishermen…
HOUSTON, January 16 2020 – DecomWorld – part of Reuters Events- today announced additions to the industry leading speaker faculty for their flagship Decommissioning and…
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…
Abstract Decommissioning obligations are having an overwhelming impact on the future viability of the oil and gas industry in Canada. Quantum and timing are uncertain,…
Additional Antiquities Wind farms Illustration by Greg Groesch/The Washington Times more > ANALYSIS/OPINION: Wind farms dot the horizon in many states. The drive for renewable,…
Getty Images In developing a discovered resource, abandonment and decommissioning costs are only a part of the overall economic picture companies need to consider. However,…
SACRAMENTO, Calif. — California taxpayers could be on the hook for more than $500 million to plug thousands of so-called “orphan” wells drilled and abandoned…
Germany’s GNS Gesellschaft für Nuklear-Service (GNS) has been awarded a contract by Taiwan Power Company (Taipower) for the development of containers for the transport and…
Michael Tholen (OGUK): “Collaboration needed to deliver the overall 35% cost reduction target” Over the next decade £15.2Bn (US$19.8Bn) is projected to be spent on…
Innovation and efficiency drive lower decommissioning costs
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