New study reveals key factors for estimating costs to plug abandoned oil and gas wells
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…
Category: Global Decommissioning
Tui oil field decommissioning project almost complete
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…
NERA to tackle oil and gas decommissioning
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…
California Decommissioning Project Hits Oil Well Abandonment Milestone
(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 secured decommissioning contract with PTTEP in Australia
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,…
Oz regulator takes action against Woodside over Enfield decommissioning
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…
The new use for abandoned oil rigs
As offshore oil and gas platforms come to the end of their working lives, the remarkable ecosystems beneath the waves come into their own. T…
Long-awaited UK Government decommissioning paper lacks clarity on key issues
© Courtesy Rory Gillies/Shetland F The Ninian Northern arriving in Lerwick for decom work last year. A long-awaited UK Government paper into oil and gas…
Maersk Decom plans West Africa work
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…
Decom timing frustrations forcing North Sea firms to look overseas
© Able UK Brent Alpha arriving at Able UK’s Seaton port in Teesside for dismantling. Frustrated by uncertainty around project schedules offshore UK, North Sea…
New artificial reef off Grand Isle sets a record
The tallest oil platform ever converted into an artificial reef in the Gulf of Mexico is now in place about 50 miles southeast of Grand…
Chevron kicks off Thai decommissioning drive
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…
Platform Holly Decommission Stalled Due to Covid-19 Pandemic
Off the Santa Barbara Coast is an oil platform locals know well: Platform Holly. The towering metal giant, which shares the seafloor with six other…
North Sea Decommissioning Costs Estimated as Double Those in SE Asia
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…
Tech knowhow gives new lease of life to marine habitats
Natural defences: mangroves, such as this one in the Caribbean, help to protect coastlines against storm surges © Getty Images As global awareness of the…
Brazil: Legal Update: New Regulation From The Brazilian National Petroleum Agency (ANP) On Decommissioning
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 effects of oil platform decommissioning on fish communities
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…
Boskalis Buys Salvage Firm Ardent Americas
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…
Australia: Decommissioning In Australia – Is The Insurance Market Prepared?
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…
Tullow Awards Maersk Decom Bundled Project
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…
The Ongoing Debate Behind Oil Rigs on the Californian Coast
Krystal ChenStaff Writer The existence of oil rigs off the coast of California has been a continuous issue in Santa Barbara over decades. Ever since…
Maersk Decom P&A Services for Tullow’s Mauritania Wells
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…
China resumes work on giant heavy-lift vessel
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…
Boskalis uses Wärtsilä thruster solutions in crane vessel project
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…
Offshore decommissioning – challenges and opportunities
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…
Opportunities Abound in Asia Pac
(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…
Petrobras looks to North Sea to help decommission ‘former cash cow’ Campos Basin
Petrobras has set out the opportunity for UK firms to help decommission assets from its former “cash cow” Campos basin. […] Click here to view…
Oil and gas exploration: ‘Priority action’ recommendation on disused wells not followed through
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
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
Question List 4 – Risks Related to the Magnitude and Timing of Decommissioning Liabilities LONDON, Feb. 5, 2020 /PRNewswire/ — As detailed in ARCM’s recent…
3,000 tonnes is enough: Ulstein’s strategy for heavy lift in the 2020s
Speaking during session two of the Offshore Support Journal Subsea Conference in London, Ulstein Design & Solutions sales manager Nick Wessels said current demand…
Shutting down oil rigs poses environmental dilemma, leaders say
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…
SVP of Fieldwood joins VP’s from BP and Repsol on Reuters Events Speaker Line-up at Flagship Decommissioning Summit
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 Decom Market to Grow 4.71%
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…
Fulfilling Decommissioning Obligations – A Service Industry Opportunity
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,…
Fluor to Offer Engineering Services to Neptune’s Dutch Assets
Image: Bigstock Stork — a unit of Fluor Corporation ’s ( FLR – Free Report ) Diversified Services business — has received a four-year framework…
The trouble with wind farms
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,…
Better Abandonment Cost Estimates Yield Improved Project Valuations
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,…
Report: $550 Million Needed to Plug Abandoned California Oil, Gas Wells
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…
Oil and gas platform decommissioning: salvage, sink or save?
The decommissioning of aged North Sea oil and gas rigs is gathering pace, but it’s a big challenge. When offshore oil and gas exploration began…
California’s offshore oil rigs could turn into windmills and dive hotels
A diver examines marine life at the Eureka oil platform about 8.5 miles offshore of Huntington Beach. While such oil rigs are largely despised by…
Global Nuclear Decommissioning Market Professional Survey 2019 by Manufacturers, Regions, Types and Applications, Forecast to 2024
In this report, we analyze the Nuclear Decommissioning industry from two aspects. One part is about its production and the other part is about its…
GNS wins contract from Taiwan for containers
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…
Innovation and efficiency drive lower decommissioning costs
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…