The reverse takeover model could become more of a permanent fixture in the North Sea in the coming years as more private-equity (PE) backed operators look to go public.
Workers have been flown off a platform in the Central North Sea over fears about an outbreak of Covid-19 on board.
More than a dozen workers have been removed from a North Sea platform after a colleague tested positive for Covid-19.
Crew members on an oil vessel in Cromarty Firth are isolating after a colleague who remains on board tested positive for Covid-19.
Texo Group’s sister company Texo DSI has successfully pioneered a new unmanned inspection method on a major UK North Sea FPSO, delivering significant safety, time and cost saving benefits.
CNOOC is looking for buyers for its Scott platform and associated oilfields in the UK North Sea, according to Reuters.
ExxonMobil's UK North Sea assets have attracted suitors from state-owned companies to private equity-backed firms as the US oil giant seeks to exit the aging region altogether, according to people with knowledge of the matter.
EnQuest bosses said today that the recent shrinking of the firm’s UK North Sea footprint was just part of the “natural cycle”.
Petrofac has shared details of a number of contracts that will potentially be put out to tender over the next year.
Equinor is selling a 40% operated stake in the huge Bressay field east of Shetland to EnQuest in a deal worth £13m.
EnQuest said today it had removed the troublesome oil storage tanks from the jacket of its Thistle platform in the UK northern North Sea.
EnQuest is not seeking to make compulsory redundancies for its “unionised” workforce at the Sullom Voe Terminal in Shetland, according to Unite.
Babcock helicopters took their first flight out of Shetland on Wednesday following a new five-year shared contract with three oil and gas operators.
Oil firm EnQuest will shrink further after deciding to call time on a group of fields in the northern North Sea.
Engineering service firm Babcock International slumped into the red in 2019-20 after suffering hefty impairments largely pinned on the “deteriorating” oil and gas market.
It is hard to know where to begin when describing the scale of the crisis gripping Big Oil.
EnQuest said today that it was “on track” to achieve cost savings targeted for 2020 and reiterated that its operations were “materially unaffected” by the Covid-19 pandemic.
Vessel-owner Prosafe has reported a significant knockdown in its fleet utilisation rate for the first quarter of 2020.
North-east energy sector chiefs largely welcomed an extension of the UK Government furlough scheme, but cautioned it may do little to roll back the tide of oil and gas redundancies.
Around 200 North Sea workers have been evacuated with suspected Covid-19 symptoms over the last six weeks as the sector has attempted to manage the spread of the virus.
An Aberdeen MSP has written to a clutch of North Sea firms calling on them to reconsider their decision to terminate hundreds of staff rather than use a UK Government-backed furlough scheme.
A north-east MSP has called for the Scottish Government to engage Westminster and provide clarity to North Sea firms over who qualifies for the Covid-19 furlough scheme.
The struggling UK oil and gas sector was dealt another blow on Tuesday as EnQuest confirmed it expected to cut 530 positions.
Around 200 oil workers are to be laid off – and staff are furious they are not being furloughed.
EnQuest has insisted its day-to-day operations are not “materially affected” by the coronavirus outbreak.