The oil and gas industry needs a decommissioning strategy to help meet the UK’s Paris Accord commitments and the net zero carbon emissions by 2050 target, as the country moves ahead in its energy transition. Decommissioning is only one strand of the oil and gas sector’s efforts to reduce their carbon footprint and, at the same time, is an essential requirement to ensure continuing investor and government support in new North Sea projects.
In many established oil and gas production areas, such as the Gulf of Mexico, the North Sea and elsewhere, an increasing number of fields are coming to the end of their planned operational lives. Therefore, global decommissioning costs are expected to rise… In many established oil and gas production areas, such as […]
Take a look at this new report into the issues including decommissioning and lif extension facing Europe’s wind sector, as the first wind farms reach the end of their operating life span.
Today an increasing number of wind farms in Europe are reaching the end of their lifespan. In 2016, Europe had over 4,000 offshore wind turbines operating across 11 countries, making a total of 15.8 GW of installed and grid-connected capacity. Turbines older than 20 years In 2017 alone 15,638MW was installed […]
On a worldwide basis, the industry decommissions an average of 120 offshore rigs a year. The prospective decommissioning of over 2,000 aging offshore oil and gas platforms, subsea wells and related assets is an upcoming challenge for companies as well as government treasuries… Offshore oil drilling, pioneered in the Gulf of Mexico in […]