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Redwater Insights

@redwaterinsights.bsky.social
47 followers 201 following 54 posts

Data-driven research and analysis on the financial and environmental risks associated with oil and gas clean-up and decommissioning liabilities www.redwaterinsights.org redwaterinsights.substack.com

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Redwater Insights @redwaterinsights.bsky.social · 14h
We're publishing a collection of case studies where the worst-case scenario for oil & gas decommissioning has materialised. These are stories of divestments, defaults, and of billions in clean-up costs passed from companies to governments and to taxpayers. www.redwaterinsights.org/research/dec...
redwaterinsights.org
Decommissioning Defaults: The risks of late-life oil and gas assets — Redwater Insights
International case studies of systemic failure in how oil and gas decommissioning liabilities are allocated and enforced. They evidence the need for robust financial assurance frameworks that ensure o...
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Reposted by Redwater Insights
Phillip Meintzer @phillipmeintzer.bsky.social · 17h
A new analysis from @redwaterinsights.bsky.social shows how Perpetual Energy shifted $200M in unprofitable, late-life assets to a newly formed, poorly financed company (Sequoia), which went bankrupt & overloaded AB's Orphan Well Association. www.redwaterinsights.org/research/dec... #ABLeg #ABPoli
redwaterinsights.org
Decommissioning Defaults: The risks of late-life oil and gas assets — Redwater Insights
International case studies of systemic failure in how oil and gas decommissioning liabilities are allocated and enforced. They evidence the need for robust financial assurance frameworks that ensure o...
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Redwater Insights @redwaterinsights.bsky.social · 07/09/2026
Some people will have you believe California's oil industry is declining because of excessive regulation. The truth, as this new report from Dwayne Purvis and Rob Schuwerk shows, is that no basin can escape the realities of geology and economics. redwaterinsights.substack.com/p/mythmaking...
redwaterinsights.substack.com
Mythmaking and the end of Californian oil
Our new report studying the decline of the Golden State’s oil and gas industry shows any push for deregulation cannot overcome the ageing basin’s geology and its fundamental economics.
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Redwater Insights @redwaterinsights.bsky.social · 01/09/2026
We set out to discover the real reasons for the decline of California’s oil and gas industry. Our report reveals a massive liability for the Golden State. Namely, that industry decline is leaving behind a decommissioning black hole worth USD $18.4 billion. www.redwaterinsights.org/research/run...
redwaterinsights.org
Running on Empty: The decline of California’s oil and gas industry and the cost of decommissioning — Redwater Insights
This study confirms prior findings that California’s oil and gas industry still cannot fund its own decommissioning. And when understanding the causes of decline for state’s upstream and downstream oi...
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Reposted by Redwater Insights
John Kostyack @kostyack.bsky.social · 20/08/2026
The toxic legacy of unplugged and abandoned wells, one of the less publicized costs of our oil and gas dependency. And no, just like the costs of its carbon pollution, the industry has no intention of paying for this.
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Redwater Insights @redwaterinsights.bsky.social · 20/08/2026
The results are in from our in-depth study of California’s oil and gas industry. The decline of upstream and downstream activity in the state is leaving behind a massive decommissioning black hole totalling USD $18.4 billion. www.redwaterinsights.org/research/run...
redwaterinsights.org
Running on Empty: The decline of California’s oil and gas industry and the cost of decommissioning — Redwater Insights
This study confirms prior findings that California’s oil and gas industry still cannot fund its own decommissioning. And when understanding the causes of decline for state’s upstream and downstream oi...
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Redwater Insights @redwaterinsights.bsky.social · 13/08/2026
The UK is facing a looming decommissioning crisis In the North Sea. There are 500 old oil and gas wells already overdue for clean-up in the mature basin, with another 1000 needing decommissioning very soon. www.telegraph.co.uk/business/202...
telegraph.co.uk
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Redwater Insights @redwaterinsights.bsky.social · 13/08/2026
The UK is facing a looming decommissioning crisis In the North Sea. There are 500 old oil and gas wells already overdue for clean-up in the mature basin, with another 1000 needing decommissioning very soon. www.telegraph.co.uk/business/202...
telegraph.co.uk
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Redwater Insights @redwaterinsights.bsky.social · 06/08/2026
Two small Australian oil companies went bust last month, leaving a very large decommissioning liability. Exactly how big a liability, and for how long it was known, are burning questions for regulators. Our latest on the Pilot and Triangle collapses: redwaterinsights.substack.com/p/an-order-o...
redwaterinsights.substack.com
An order of magnitude of liability
The recent collapse of two small Australian oil companies has left a massive decommissioning liability. How big a liability, and for how long it was known, are burning questions for regulators.
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Redwater Insights @redwaterinsights.bsky.social · 04/08/2026
The news BP wants to sell its ageing Nth Sea assets raises alarm for the UK. BP has been operating in the mature basin for 60 yrs. Half its fields there have reportedly already begun abandonment, with its decommissioning liability estimated at £2.6 billion. www.redwaterinsights.org/news/bp-exit...
redwaterinsights.org
BP’s planned North Sea exit raises alarm for UK to strengthen decommissioning regulation — Redwater Insights
The announcement that oil giant BP intends to exit the North Sea is a stark reminder for the UK government to strengthen its decommissioning regulation before any proposed sale, experts caution.
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Redwater Insights @redwaterinsights.bsky.social · 20/07/2026
Investors and taxpayers are likely to be the biggest losers following this week’s collapse of Pilot Energy in Australia. The collapse raises serious questions for the country's financial and industry regulators. (1/4) www.redwaterinsights.org/news/pilot-e...
redwaterinsights.org
Pilot Energy collapse a ‘litany of regulatory failures’ impacting Australian investors and taxpayers — Redwater Insights
The voluntary administration of Pilot Energy has highlighted serious failures of federal regulators in Australia, experts have warned, with investors and taxpayers facing the biggest losses from the f...
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Redwater Insights @redwaterinsights.bsky.social · 07/07/2026
In Alberta, Canada, there are 11 companies that own almost 77,000 inactive oil wells. Those companies paid shareholders $30 billion in the past 2 years while spending just $3.9 billion on clean-up. Without regulation, costs may fall to taxpayers. redwaterinsights.substack.com/p/the-oilfie...
redwaterinsights.substack.com
The oilfield paradox at work in Alberta
Canadian companies are distributing billions to investors but treading water on clean up obligations.
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Redwater Insights @redwaterinsights.bsky.social · 03/07/2026
We've calculated that Shell's oil and gas decommissioning costs have recently ballooned by more than USD $6.7 billion. These figures are much, much higher than the company had anticipated. A thread on why this is important for investors, auditors and regulators. 1/5
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Redwater Insights @redwaterinsights.bsky.social · 17/06/2026
In the UK, delay is now almost inevitable in oil and gas decommissioning. Recent legal cases show that operators can spend years litigating rather than getting on with the clean-up task at hand. A simple pre-funding requirement could help solve this. redwaterinsights.substack.com/p/a-solution...
redwaterinsights.substack.com
A solution to delay
Delay is now almost inevitable in UK oil and gas decommissioning. A major legal case offers a timely lesson on pre-funding to ensure operators spend more time cleaning up than in the courtroom.
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Redwater Insights @redwaterinsights.bsky.social · 06/05/2026
Right now there are around 15,000 North Sea oil and gas workers who are facing the cliff edge of employment in the mature basin. We've published research that shows a way forward for at-risk workers, if the UK moves fast enough. A thread on the real jobs opportunity no one’s talking about 🧵
Two oil and gas workers on a rig in the North Sea
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Redwater Insights @redwaterinsights.bsky.social · 28/04/2026
For the first time in the UK, researchers have properly modelled the full economic impacts of oil and gas decommissioning work in the North Sea. The findings are stark. Read our latest Substack post for more. redwaterinsights.substack.com/p/after-the-...
redwaterinsights.substack.com
After the oil
First-of-its-kind economic modelling in the UK has delivered a wake up call on the need for urgent oil and gas decommissioning work in the North Sea.
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Redwater Insights @redwaterinsights.bsky.social · 28/04/2026
ICYMI: Our latest report, examining the full economic impact of oil & gas decommissioning liabilities in the North Sea. In short: urgent decom work can deliver 25k UK jobs, create £15 billion in economic benefit, and extend 15k jobs for current workers. More here: www.standard.co.uk/business/bus...
standard.co.uk
Urgent action on oil and gas decommissioning could create 25,000 jobs – report
Redwater Insights said 500 North Sea oil and gas wells are already overdue for decommissioning, and a further 1,700 are due to be plugged.
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Redwater Insights @redwaterinsights.bsky.social · 23/04/2026
This is the first time researchers have studied the full economic impacts from North Sea decommissioning. That research has revealed that urgent decommissioning of oil and gas infrastructure could create thousands of jobs and billions in economic benefits. www.redwaterinsights.org/research/job...
redwaterinsights.org
After the oil: Jobs and economic impacts from UK offshore decommissioning — Redwater Insights
Redwater Insights has commissioned research into the employment and economic impacts from oil and gas decommissioning in the UK. The report was conducted by Paul Keenlyside and Dr Jana-Maria Albrecht ...
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Redwater Insights @redwaterinsights.bsky.social · 22/04/2026
"They're like an 18-wheeler on the horizon of a desert highway: barely perceptible at distance but growing steadily larger, capable of causing significant damage to anyone in the way." In our first Substack Rob Schuwerk talks about the risks of AROs redwaterinsights.substack.com/p/introducin...
redwaterinsights.substack.com
Introducing ourselves
A new forum for research and analysis on the risks associated with oil and gas decommissioning liabilities. First up: understanding Asset Retirement Obligations.
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Redwater Insights @redwaterinsights.bsky.social · 16/04/2026
Ageing oil and gas infrastructure is estimated to represent a $4 trillion liability globally, that must - at some stage - be dealt with. This is a significant issue for regulators, investors and all of us, if any of those costs are passed on to taxpayers. 1/4
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