Oil and Gas Vessel Decommissioning Market Rising Due to Increasing Demand from Offshore Exploration and Production
Oil and gas vessel decommissioning has gained momentum in recent years due to the emergence of strict regulations mandating decommissioning of inactive vessels. Vessels used by the oil and gas industry last a significant number of years, but leaving nonoperational oil and gas vessels stranded in the sea comprises a major threat to marine life. Due to this, several environmental regulations mandating decommissioning of oil and gas vehicles have come into effect in the past few years, propelling the global...
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