“a vast network of ageing, dangerous and rusting oil and gas rigs/pipelines” with a clean up cost of $60 Billion and rising. I wonder how much of this cost taxpayers will end up having to foot compared to the oil/gas giants that profited from these & are legally required to pay?
Abul Rizvi’s Post
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This rupture of a gas pipeline run by Esso is part of a vast network of dangerous, ageing and rusting offshore gas rigs in our oceans all overdue for shutting down. It is another example of why the offshore regulator, NOPSEMA, needs to be stronger in their regulatory oversight and transparency. NOPSEMA needs to stop acting as an industry enabler, tighten regulations, and protect our oceans from risky carbon dumping projects. Learn more about our work to safeguard our oceans from oil and gas: https://bit.ly/4cHfOBg
Investigation under way after gas pipeline off Victorian coast ruptures
theguardian.com
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The government's decision to reverse the ban on offshore oil and gas is justified on the basis of energy security, but MBIE's own modelling suggests that even if anything is found it won't reach market until at least 2035. By this time Methanex will have certainly exited the market, and we'll have more than enough gas to know what to do with. Further, the regulatory impact statement notes that reversing the ban alone is probably insufficient to attract investment, so the government has decided to shift the costs of decommissioning onto the taxpayer. There are plenty of things that could be done to improve energy security (some are laid out in the attached submission). Offshore drilling for climate-destroying fuels isn't one of them. This legislation should be ditched.
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Victorian Gas Pipeline Rupture Under Investigation as Authorities Seek Cause ExxonMobil subsidiary Esso notified NOPSEMA about the potential spill on Saturday morning. The pipeline, believed to be connected to the West Kingfish platform currently undergoing decommissioning, reportedly contained 95% water at the time of the incident. Read more ▶️ https://lnkd.in/ee_sBrth #pipelinejournal #pipelinenews #pipelineindustry #pipelines #Australia
Victorian Gas Pipeline Rupture Under Investigation as Authorities Seek Cause
pipeline-journal.net
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AER Releases First Analysis of Oil and Gas Well Cleanup
AER Releases First Analysis of Oil and Gas Well Cleanup
newhorizonoilandgas.com
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Pennsylvania conventional well operators: Pennsylvania Department of Environmental Protection is getting closer to announcing the details of the Methane Emission Reduction Program (MERP) grants for conventional oil and gas well operators. This grant will provide operators with "marginal" wells (producing less than 15 barrels of oil equivalent or 90 thousand cubic feet of gas per day) who are in regulatory compliance with financial assistance to plug their wells. This funding also applies to home-use well operators. If you would like to learn more about your PADEP compliance status, how to achieve compliance, or plugging marginal or home-use wells, please contact us at CSR Services,LLC. https://lnkd.in/ef3hgyk2 PA Independent Oil & Gas Association (PIOGA) #workhorse #conventionalwells #oilandgas #energystrong #regulatorycompliance #wellplugging
Methane Emission Reduction Program (MERP)
dep.pa.gov
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Company group behind NSW #offshore gas plan yet to clean up abandoned wells in WA A company with question marks over its financial viability is behind the push to drill for gas off the northern NSW coast and another subsidiary in WA has not complied with directions from a regulator to make old gas wells safe. A well of Advent Energy subsidiary Onshore Energy in WA’s remote Kimberley region had an increasing risk it could leak due to rising gas pressure or heat from a bushfire, according to an internal state government memo seen by this masthead. “A well leak during a bushfire season poses a very high and uncontrollable bushfire risk,” the April 2023 memo at WA’s Department of Energy, Mines, Industry Regulation and Safety said. Any emergency at the remote Vienta-1 well, 44 kilometres north of Kununurra, would be “challenging and expensive” to respond to and the department was concerned a gas leak or fire could significantly damage surrounding stations, Indigenous communities and a conservation park #riskasessment #companyethics #respectlaw #socialgovernance #consequences #directors https://lnkd.in/g6vn8kYj
Company group behind NSW offshore gas plan yet to clean up abandoned wells in WA
smh.com.au
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Chance favors the prepared. How prepared are you for the Oil & Gas Environment?
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Focus: #Norway’s long queue of #offshore #oil and #gas field development projects in the execution phase are proceeding well, but recent history shows that the country is not immune to cost blowouts and schedule delays. https://lnkd.in/dTsDCgrW
Norway leading the field development charge with 27 major projects
upstreamonline.com
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For some market watchers, the recent legal issues around cost and reliability show an industry grappling with a small pool of skilled labor that is being stretched ever thinner as more projects, LNG and otherwise, ramp up. #USLNG #natgas #USenergy
Freeport Lawsuit Highlights US LNG's Cost, Labor Woes
energyintel.com
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Perenco fined record £225,000 for exceeding vent consent Perenco UK Limited (Perenco) has been fined £225,000, the highest ever financial penalty handed out by the North Sea Transition Authority (NSTA), for venting 59 tonnes of gas for over a month from its Dimlington onshore gas processing plant without consent. https://lnkd.in/gtUxQvd4 🔽 Find more info in comments below 🔽 #Perenco #Fine #VentConsent #GasVenting #OilAndGas #NorthSeaTransitionAuthority #NSTA #CleanEnergy #OilandGasNews ⤵️ Click Follow on our page to keep up to date with energy news ⤵️
Perenco fined record £225,000 for exceeding vent consent
ogv.energy
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8moGood questions to ask if the maintenance has been as bad as for old SEC assets?