Regulation and Policy

UK regulator still needs to clarify how it will use veto powers

Jun 7, 2016

There will be a period of "acute uncertainty" as the industry awaits the repercussions of the Oil and Gas Authority’s new powers to block decommissioning plans, according to...

Industry could save billions by spinning off late-life assets into ‘bad banks’

May 24, 2016

Oil producers in UK waters would save up to $7.5 billion in total by spinning off late-life assets into a separate decommissioning company, global management consultancy Oliver Wyman...

Three-quarters of oil firms see $40 as North Sea tipping point

Apr 26, 2016

Almost three-quarters of industry participants believe sub-$40-per-barrel oil prices will accelerate decommissioning in UK waters, DecomWorld’s North Sea Late Life Strategy Survey has...

UK promise of decom tax relief has industry unconvinced

Apr 26, 2016

Members of the offshore oil industry have expressed serious reservations about the British government’s promise of tax relief for vendors that retain decommissioning liabilities.

North Sea exposed to domino effect in near term

Apr 11, 2016

The North Sea will remain exposed to the threat of a domino effect of early decommissioning unless operators and regulators band together to find solutions, experts have warned.

Decom sector moves closer to standard contracts

Mar 16, 2016

One standard contract to suit all decommissioning projects is probably unattainable, but enough common ground exists between operators and contractors to come close, according to Paul...

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