Alternative direct lender AURELIUS Finance Company has provided financing to support the buy-out of emergency management and offshore decommissioning company Ardent from co-owners Svitzer, a global towage operator, and Crowley Holdings, a holding…
French energy producer Total could invest up to $10 billion in the North Sea over the next five years but cost discipline must be maintained as a matter of urgency, Chief Executive Officer Patrick Pouyanne said on Tuesday.As part of its efforts…
Maersk Decom, together with Maersk Supply Service, is project managing the removal, recycling and waste management of subsea infrastructure for Perenco’s Thames field in the UK North Sea.The project includes the cut and recovery of wellheads and wellhead protection structures…
The decommissioning of 21 old oil rigs in the Campos Basin, Rio de Janeiro state, will cost around 50 billion reais ($12 billion) over the next five years, a state official said.All 21 old rigs that will be decommissioned are operated by state-controlled oil company Petroleo Brasileiro SA…
US-based ocean energy solutions company Ocean Power Technologies (OPT) said it has deployed a PB3 PowerBuoy to serve as an autonomous intelligent platform to provide communications and remote monitoring services for its customer Premier Oil…
Subsea services provider Rever Offshore said it it has completed multiple projects within the North Sea in 2019, building upon existing frame agreements which has allowed clients quicker access to its fleet of specialized subsea support vessels and team…
Heavy lift shipping and offshore transportation and installation contractor Jumbo said it has partnered with marine biofuel company GoodFuels in a joint venture initiative to test marine biofuel oil on board a DP2 heavy lift crane vessel during an offshore decommissioning project…
Engineering from Balltec announced on Thursday it has been awarded a contract by Heerema Marine Contractors for work on the decommissioning and removal of a large platform with conductors in the North Sea.Balltec said its scope of supply comprises 18 of its LiftLOK ball and taper lifting connectors…
Aberdeen-based decommissioning company Well-Safe Solutions said it has awarded two multimillion-dollar contracts to continue the transformation of the semi-submersible drilling rig Well-Safe Guardian into a bespoke plug and abandonment unit…
Abrado Wellbore Services said it has secured a multi-million dollar contract from Chevron’s Environmental Management Company to support the plug and abandonment (P&A) of more than 30 wells offshore California.The mature wells, which lie in Federal…
Despite Africa not being a top contender in the global decommissioning market, the region holds huge potential for growth as more offshore old and gas fields mature while some of the newly drilled ones turn dry.The region’s top oil and gas producers such as Angola…
Two installations from Spirit Energy’s ST-1 in the North Sea have arrived at the Dales Voe decommissioning facility in Shetland, Scotland, with works set to be carried out by partners Veolia and Peterson.The 45-metre high 1,300 tonne steel jacket and 1…
Senior representatives from “thought leaders” ABS, DNV GL and Lloyd’s Register weigh in on some of the top class and regulatory issues facing the offshore industry today, from decommissioning and decarbonization to cyber security, unmanned surface vessels and beyond…
Dutch offshore services provider OOS International has formed a joint-venture with compatriot demolition company Sagro, which would be named Sargoos.According to OOS International, both companies will excel in their distinctive specialisms.OOS…
Oilfield services company Expro announced it has acquired 100% of the equity of technology company Quality Intervention AS (QI).The Norwegian-based company was founded in 2008 and provides a portfolio of products and services that includes coiled tubing technology (CoilHose)…
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