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ExxonMobil Begins Study for South East Australia CCS Hub

ExxonMobil has initiated front-end engineering design studies to determine the feasibility of developing a South East Australia carbon capture and storage hub in the Bass Straight, where some of Australia’s oldest offshore oil and gas fields are to be decommissioned. ....

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Global Industry Analysts Predicts the World Offshore Decommissioning Market to Reach $8.4 Billion by 2026

Global Industry Analysts Predicts the World Offshore Decommissioning Market to Reach $8.4 Billion by 2026
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Global Industry Analysts Predicts the World Offshore Decommissioning Market to Reach $8.4 Billion by 2026

Global Industry Analysts Predicts the World Offshore Decommissioning Market to Reach $8.4 Billion by 2026
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

United States , Zak Ali , Corporate Communications , Our Expert Panel , Global Industry Analysts Inc , Complimentary Project Preview , Offshore Decommissioning Market , Offshore Decommissioning , Regulatory Compliance , While China , Preparation Segment , Platform Preparation , Global Industry Analysts , Industry Analysts ,

The Worldwide Offshore Decommissioning Industry is Expected to Reach $8 Billion by 2027 at a CAGR of 7.4% from 2021

The Worldwide Offshore Decommissioning Industry is Expected to Reach $8 Billion by 2027 at a CAGR of 7.4% from 2021
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Offshore Decommissioning Market worth $8.0 Billion by 2027

Offshore Decommissioning Market worth $8.0 Billion by 2027
iCrowd Newswire
According to the new market research report

by Service (Well Plugging & Abandonment, Platform Removal, Conductor Removal) Depth (Shallow, Deepwater) Structure (Topsides, Substructure) Removal (Leave in Place, Partial, Complete), and Region - Global Forecast to 2027″, published by MarketsandMarkets™, the Offshore Decommissioning Market size is expected to grow from an estimated USD 5.2 billion in 2021 to USD 8.0 billion by 2027, at a CAGR of 7.4%. Aging offshore oil & gas infrastructure and maturing fields are driving the offshore decommissioning industry. Low oil prices of the past couple of years have made it even more difficult to maintain low production mature reserves, driving companies to accelerate decommissioning plans for such oil & gas fields. ....

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