Tag: decommission

Decommissioning of aging offshore oil/gas facilities up significantly

600 projects decommissioning for next 5 years with 2,000 more to follow through 2040, as market spending grows 540% HOUSTON – The decommissioning of aging offshore oil and gas platforms, subsea wells and related assets is increasing dramatically, with more than 600 projects expected to be disposed of during the next five years alone. This rapid trend toward […]