The Caithness Business Index has posted the following article:

Global Oil & Gas Decommissioning Costs To Total $42 Billion Through 2024, Dominated By Uk North Sea

Energy companies have been slashing exploration and production budgets since the Covid-19 pandemic took hold and sent oil prices tumbling, but, with few profitable investment alternatives, operators are now likely to increase spending in decommissioning work. Rystad Energy estimates the total value of the global pool of decommissioning projects that will accumulate through 2024 could reach $42 billion. [Read Full Article]