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Oil and gas companies holding a fraction of security needed to decommission ageing North Sea assets

Oil and gas companies operating in the North Sea are holding only a fraction of the security needed to fulfil their mandatory obligations to decommission ageing and inactive wells, new analysis shows.

Californian oil and gas decommissioning is a $18.4 billion black hole, new research shows

The decline of oil and gas industry activity in California is leaving behind a massive decommissioning black hole totalling USD $18.4 billion, new research shows, amid falling production and reduced customer demand.

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$Oil and gas companies holding a fraction of security needed to decommission ageing North Sea assets$

Oil and gas companies holding a fraction of security needed to decommission ageing North Sea assets

Oil and gas companies operating in the North Sea are holding only a fraction of the security needed to fulfil their mandatory obligations to decommission ageing and inactive wells, new analysis shows.