News and Media

Latest stories from the DECOM industry...

Market Insight: The decommissioning conundrum (part I)
How the oil and gas decom market is shaping up set against only a slight improvement in the price of oil. Nick Cottam looks at the facts and figures, and where EHS factors fit into the equation

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Addressing uncertainties in decommissioning cost estimates
Historical experience of estimating decommissioning costs has not been particularly satisfactory. In response to this, the process of decommissioning cost estimation is evolving, writes Simon Carroll.

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Former Brent platform manager appointed OGA decommissioning chief
The Oil and Gas Authority (OGA) said yesterday that it had appointed a new head of decommissioning. The regulator said new recruit Nils Cohrs’ career in oil and gas spanned more than three decades and included a spell as offshore installation manager (OIM) on one of Shell’s Brent field platforms.

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UK set to end outsourcing of nuclear clean-up
Decommissioning Britain’s first generation of atomic reactors is likely to be brought back “in-house” by the UK nuclear clean-up agency after the collapse of a £6.2bn outsourcing contract that exposed “fundamental failures” at the organisation.

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Global Nuclear Decommissioning Market Estimated at 440 Trillion Won, But South Korea’s Capabilities “70 Percent of Advanced Nations”
SEOUL, Oct. 23 (Korea Bizwire) – As recent headlines have been dominated by the possible decommissioning of the Shingori 5 and Shingori 6 nuclear reactors, interest in the extremely lucrative nuclear decommissioning market has gained interest in certain quarters, bolstered by President Moon Jae-in’s comments on October 22 that he would support domestic companies’ efforts to attain prime position in the yet nascent market.

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James Fisher begins decommissioning works in Gulf of Mexico
Global subsea excavation specialist James Fisher Subsea Excavation (JFSE) is set to start its 80th decommissioning/salvage job in the Gulf of Mexico. The platform being decommissioned was damaged during Hurricane Ike in 2008.

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Team Blog – DECOM Hub Team ‘Out & About’ ….Venues, Networking, New Events, Industry News

This week the DECOM Hub Team have been scoping out exciting plans for the new Annual Flagship Event – TotalDECOM 2018, which due to growth will be held at Manchester Central next year –  on the 23RD, 24TH and 25TH April.

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North Sea decommissioning: set for a boom?
The complexities and challenges associated with decommissioning offshore oil and gas assets have dampened M&A activity in the past, but change is coming. Historically, the attitude towards decommissioning offshore oil and gas platforms has been largely negative, with companies viewing mature installations as a burden rather than an opportunity for a new source of revenue. However, as lawyers at White & Case argued recently in an interesting analysis of the market, the mood has changed.

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