Pushing the Boundaries of Decommissioning

By Nicholas Newman www.nicnewmanoxford.com

Today, the energy business is changing how it operates, whether drilling for oil and gas or generating electricity from the wind. This means acting in a sustainable and environmentally-responsible manner by applying corporate social responsibility principles to the planning, funding, and eventual decommissioning of projects. Simply walking away, is no longer an option, and the public and governments expect businesses to plan, implement and fund a complete lifecycle through to decommissioning.

For such firms, this means the planned closing down and making safe oil fields and the removal of wind farms when they come to the end of their operational lifespan. However, decommissioning costs money. For many firms finding such financial resources can prove challenging.

This is where Quatre Ltd founder and CEO Paul Jardine saw an opportunity to meet the challenge of funding of such decommissioning, in solving legal remediation issues and environmental liability challenges that energy firms face in tackling the decommissioning of energy projects.

Quatre Ltd achieves this by taking its corporate social responsibility principles seriously in every aspect of how its operations are managed and the way its financial products are both designed and delivered.

Quatre Ltd corporate social principles include:

·        Acting with respect for people, communities and the environment

·        Acting honestly and openly with all stakeholders, respecting fully the rule of law and human rights

·        Contributing to development goals of the countries where our clients operate

·        Integrating sustainability and CSR into our strategy, planning, implementation and management systems

·        Providing clear public reporting on our management systems and performance

Working with Quatre enables its clients to benefit in meeting their own corporate social responsibility ambitions and contributing to aiding the industry in delivering on its social and sustainability goals.

New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site


BusinessDecommissioningcorporate social responsibiltysustainability

More items from nicholasnewman


A report by Nicholas Newman Many of Indonesia's oil and gas fields, both on and offshore, are coming to the end of their commercially viable operational lifespan. More than 60% of Indonesia's oil and more than 30% of gas production comes from late-life-cycle resources spread across the world's la ...

Nicholas Newman

Posted 6 months agoPress > IndonesiaDecommissioningSoutheast Asia +3


The National Audit Office (NAO) report Fracking for shale gas in England [i] demonstrates that it is still uncertain who pays for the cost of shale gas decommissioning if the operator becomes bankrupt. Fortunately for the taxpayer, London based firm Quatre Ltd provides a financial solution ...

Nicholas Newman

Posted 8 months agoPress > Environmental liabilitiesshale gas decommissioningUnited Kingdom +5

Packing-up Caudrilla is not the end of the decommissioning story.

The announcement of Cuadrilla Resources' closure of its Lancashire site [i]  this month is far from the end of the decommissioning story. There remain many North Sea oil and gas rigs due for closure and decommissioning over the next decades. As part of the decommissioning effort, every drill site ...

Nicholas Newman

Posted 8 months agoPress

Quatre Managed Legacy Funds Solution

London, May 3, 2018: London-based financial services company Quatre Ltd, has launched a new solution known as the  QUATRE MANAGED LEGACY FUNDS SOLUTION . It is designed to fund the decommissioning of oil and gas fields and rehabilitation of other extractive industrial locations including mines. ...

Nicholas Newman

Posted 2 years agoPress > DecommissioningFundingOil +6

A new funding solution is needed for oil decommissioning

By Nicholas Newman At the time of writing, we are seeing an increasing number of media reports detailing the huge numbers of abandoned oil wells in Alberta and Texas.  In addition, governments and the industry are experiencing growing concern over the increasing costs of decommissioning and reinsta ...

Nicholas Newman

Posted 3 years agoOpinion > DecommissioningFinancealberta +3
All posts from nicholasnewman