Taqa lawsuit levels accusations at Viaro Energy chief
An $85 million dividend and a deal to sell a stake in aging North Sea oil wells for one dollar has landed Viaro Energy in a London lawsuit against Taqa (ADX: TAQA), Abu Dhabi’s biggest utility.
Brae
TAQA in decommissioning push as North Sea assets enter final decade
“In the early 2030s we will have probably removed all of the assets we have operating at the moment,” says David Wilson, decommissioning and projects director at TAQA (ADX: TAQA).
300 workers vote for strikes across dozens of North Sea platforms
More than 300 offshore workers have voted for strikes across 20 North Sea installations, Unite the Union has announced, causing "major problems" for production.
UK winning majority of onshore decommissioning work, figures reveal
The majority of UK North Sea assets are being dismantled in Britain, new figures have revealed amid concerns of overseas yards winning decommissioning work.
Taqa completes major decommissioning operation at Brae field
Taqa has celebrated completion of a major decommissioning project at the Brae field in the North Sea.
OGA issues warning to operators over North Sea deals
The Oil and Gas Authority (OGA) has issued a warning to operators over a type of M&A deal which risks firms defaulting on their liabilities.
Taqa takes £339million write-down on value of North Sea assets
Taqa has taken a £339million write-down in the value of its North Sea assets as a result of Covid-19 and the oil downturn.
Taqa hands in decommissioning plans for two North Sea platforms
Oil and gas firm Taqa has handed in decommissioning plans for two of its northern North Sea platforms to the UK Government.
Marathon employees’ expertise the main attraction for RockRose
RockRose Energy has hailed the “expertise” of workers at the UK North Sea business it is acquiring from Marathon Oil.
Investment boost for Marathon’s ‘unloved’ North Sea assets
RockRose’s swoop for Marathon Oil’s UK business will breathe new life and investment into “unloved and marginal” North Sea assets, an analyst said yesterday.
Safety concerns flagged up on Marathon’s Brae rig
A UK safety watchdog has flagged up shortcomings on Marathon Oil's Brae Alpha platform in the North Sea.
Marathon quashes talk of imminent decommissioning of Brae
Marathon Oil insisted last night it had still not submitted any plans for decommissioning one of the North Sea’s oldest producing fields to the UK Government.
Marathon Oil is latest oil major to report big loss
Marathon Oil became the latest oil and gas major to post a massive cut in earnings in 2015 - revealing a $386 million loss for the three months to June 30.
North Sea workers consider strike over TV row
North Sea oil workers at Marathon Oil are considering industrial action after bosses cut their satellite television and daily newspaper subscriptions.