Tax repayments related to losses incurred by removing North Sea assets will not be touched by the energy profits levy. A senior figure at HM Treasury has confirmed decommissioning rebates will be exempt from the new 25% windfall tax, a key ask of industry. Read more here Photo credit: Energy Voice
Decom Engineering has secured further contracts across the globe after its chopsaw tool successfully cut its teeth during trials at the National Hyperbaric Centre in Aberdeen. The pipeline decommissioning specialist said it had bagged two contracts worth more than £300,000 in the North Sea and offshore west Africa. Read more here Photo credit: Energy Voice
The Australian Government has awarded Wood the role of Owner’s Team, which will see it assume responsibility for the first phase of decommissioning at the Northern Endeavour vessel. The Northern Endeavour is a 274-metre long floating production storage and offtake (FPSO) facility moored between the Laminaria and Corallina oil fields about 340 miles northwest of Darwin in the Timor Sea. …
Urgent moves to bring forward the construction of “energy islands” – giant new offshore renewable energy conversion and transmission plants – are being supported by a major new safety advisory and assurance study. DNV, the independent energy expert and assurance provider, is supporting Elia Transmission Belgium as the construction tender for the project, which will receive renewable energy generated offshore, convert …
04/07/2022
The new Scotoil?
Site visits to member companies are always enjoyable – it’s great to meet teams who are keen to explain what they do, how they do it and where they see their role in Late Life and Decommissioning. Occasionally you also get a reminder that some footprints are bigger than you imagine though, as is the case with the 4.3 acre …
It’s too easy to imagine that Aberdeen is the “home” of decommissioning in the North Sea. In fact, it’s a common assumption, whereas in reality services, equipment and decommissioned items are mobilised, utilised, brought ashore and processed across the whole of the UK, not just the north east of Scotland. This is reflected in the geographical distribution of our members …
Together with our partners Qaswa Holdings of the Adinin Group of Companies, SDC, and Dongil Shipyard Co., Ltd., our newly established consortium shall establish Brunei’s first commercial integrated decommissioning and marine maintenance yard at Pulau Muara Besar to first service domestic, then wider regional demand, with the support of The Ministry of Finance & Economy, Brunei Economic Development Board (BEDB) …
Centurion Group, a global leader in the supply of rentals & services to the critical industries, is pleased to announce that it is combining Aberdeen-based brands Aleron and Seanic UK to form Centurion Subsea Services (CSS). Centurion Subsea Services provides specialist subsea equipment and engineering services to the energy, renewables, decommissioning and subsea construction industries, and is part of the …
Peterson and Liberty Industrial have formed an alliance that will grant Liberty exclusive use of the Peterson Great Yarmouth Outer Harbour yard facility in Norfolk, England. Read more here.
Specialist well decommissioning services provider Well-Safe Solutions has today announced the completion of its third investment round, raising £50 million for the company. Well-Safe Solutions will use the funds for the purchase of its third rig and to broaden the capabilities it offers to clients around the world. The funding round was led by MW&L Capital Partners, a London-based principal investment and financial advisory firm, with participation from a consortium of new …