Petrobras to Spend $6 B Decommissioning 18 Offshore Platforms

• Tuesday, 29th September 2020
• by Editorial Team

Brazil’s state-run oil producer, Petrobras, has plans to spend $6 billion by 2024 to decommission 18 offshore platforms, according to Reuters. The decommissioning process will include dismantling underwater gas pipeli...

UK North Sea Oil Industry to Lose 146 Offshore Rigs

• Sunday, 7th February 2016
• by Egypt Oil & Gas

The UK North Sea oil industry is likely to lose estimated 146 offshore oil platforms, down 25%, over the next 10 years, as many oil fields in deep waters will become uneconomic, according to industry analysts cited by...

Iran Nuclear Derogation Wins International Accolades

• Sunday, 22nd November 2015
• by Egypt Oil & Gas

Iran has disconnected almost a quarter of its uranium-enriching centrifuges in less than a month, the UN nuclear watchdog announced last week, reported Reuters. This would indicate that the country is racing to implem...