EVOL: Beam bucks, NSTA decom dithering, and merger mania
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EVOL: Beam bucks, NSTA decom dithering, and merger mania
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This week on Energy Voice Out Loud, we discuss Beam and its administration, the NSTA's stance on delayed decommissioning, and how mergers and acquisitions are shaking up UK oil and gas production. First up, renewables reporter Michael Behr has been looking into the Aberdeen ROV company that burst onto the scene with a pocket full of cash and ended up spending more than it had. Michael has found some sizable bills that Beam has left unpaid, and its workers are also owed thousands. To get a full rundown, read Michael's article on Energy Voice.
Next up, Aberdeen features lead Ryan Duff spoke with Pauline Innes, the North Sea Transition Authority's (NSTA) director of supply chain and decommissioning. This chat came hot off the heels of the NSTA's latest decommissioning cost and performance update, which found that costs for decommissioning are spiking as plugging and abandonment is left by the wayside.
Finally, merger mania and how it's impacting hydrocarbon production in the North Sea. News editor Erikka Askeland and Ryan discuss how recent mergers and acquisitions are shaking up the league table of UK producers and what the table will look like as big players downgrade their stake in the basin.