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Decomissioning News

 

Australia: Gov't Stuns Oil Firms with Levy to Decommission Abandoned Timor Sea Field

May 12, 2021

Australia has stunned the oil industry with a levy to cover the estimated $200 million cost of removing facilities and cleaning up the area around an oil field off northwest Australia after the small company that owned the project collapsed.The move, announced in the government’s 2021-22 budget on Tuesday night, came as a surprise as it was not flagged in a proposed new framework for decommissioning rules set out last month…

Saipem Bags Additional Offshore Work in Qatar Worth $350M

Apr 13, 2021

Qatari gas company Qatargas has awarded additional work to Italy's Saipem within the North Field Production Sustainability Offshore Project, following a $1.7 billion contract announced in February.Qatargas has now exercised two options for additional work under the project…

OOS Joins LR, Worley Offshore Decommissioning Consortium

Jun 17, 2020

Dutch offshore services provider OOS International has joined an offshore decommissioning consortium created by Lloyd’s Register and Worley, in a push to drive down the costs of offshore decommissioning.'Decommissioning, for many, remains an uncertain cost burden…

SapuraEnergy Nets $179,6M in New Deals Across SE Asia

Jun 03, 2020

Malaysian energy and offshore services company Sapura Energy has revealed it has recently secured a batch of contracts across Southeast Asia worth RM766 million ($179,6 million) in total.The contracts are secured by Sapura Energy's subsidiaries…

Current News

Brent Crude Prices Hits Highest Since October 2018

Brent Crude Prices Hits Highest Since October 2018

FSRU: Nakilat, Karpowership sign MoU

FSRU: Nakilat, Karpowership sign MoU

LNG Demand to Rise 25-50% By 2030 - Morgan Stanley

LNG Demand to Rise 25-50% By 2030 - Morgan Stanley

Upgrading Offshore Rig DP Systems Could Cut CO2 Emissions by 5,000t a Year, ADC Energy Says

Upgrading Offshore Rig DP Systems Could Cut CO2 Emissions by 5,000t a Year, ADC Energy Says

Model Testing Complete for Delta Offshore Energy's 3.2GW LNG-to-Power Project

Model Testing Complete for Delta Offshore Energy's 3.2GW LNG-to-Power Project

QatarEnergy Farms Into ExxonMobil's Block Offshore Canada

QatarEnergy Farms Into ExxonMobil's Block Offshore Canada

ExxonMobil Looking to Buy Into ONGC's Deepwater Fields Offshore India

ExxonMobil Looking to Buy Into ONGC's Deepwater Fields Offshore India
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