OPRED approves Repsol Sinopec plans for Saltire decommissioning
The UK’s offshore decommissioning regulator has approved Repsol Sinopec’s plans to decommission infrastructure around the Saltire area, with work set to begin later in the decade.
Iona
Scottish National Investment Bank back Iona wind partnership with £13m
The Scottish National Investment Bank has invested £13 million in a wind farm project alongside a London fund manager.
Decipher mulls well workover to help Orlando reach full potential
Bosses at Decipher Energy, of Aberdeen, have said they could intervene to help the 10 million barrel Orlando field reach its full potential.
Orlando to come on stream before end of March
First oil from the Orlando field in the North Sea should be achieved before the end of March, a former project partner said.
Opinion: The truth about hedging
The price of oil is notoriously fickle. We’ve seen the worst of that over the last two years – and you could even say in the last three months.
Atlantic Petroleum fails to make debt repayment to Eik Bank
Atlantic Petroleum said the company will not be paying a debt instalment to Eik Bank in the Faroe Islands this month. The company said the the amount of DKK19.55mm on its DKK58.5MM debt will not be met.
Iona Energy facing insolvency after restructuring deal falls through
North Sea oil company Iona Energy is facing insolvency after a proposed restructuring deal fell through.
Iona increases production from UK assets
Canadian oil producer Iona Energy increased North Sea production in the second quarter to June.
Iona Energy adds four new appointments to its team
Independent oil and gas company Iona Energy has made changes to its senior management team. The company, which has a number of assets in the North Sea, announced four new appointments. Robert Gair will join the team from Trinity Exploration and Production as chief financial officer and Kevin Holley has become its corporate controller.