CNR(CNR International) said work to re-tension the Petrojarl Banff’s anchor lines has been completed.
ConocoPhillips has admitted to three charges relating to an incident on the Lincolnshire Offshore Gas Gathering System platform in 2012. Lincoln Crown Court was told a “very serious international-level incident” could have caused an explosion at the platform.
Plexus has issued a significant earnings warning ahead of its half year results, saying its North Sea business has struggled to weather the oil price storm.
A survey of 200 senior bosses of firms with operations or investments in the UK oilfield service industry has delivered a huge show of faith in its prospects.
Technology firm Gas2 has left investors £70million out of pocket after going bust.
A former oil worker has started a petition calling for a rescue package for the UK oil and gas industry. Uchenna Nnamani, 36, worked in the sector until last year, when he was made redundant.
Oilfield services company Schlumberger said it will continue to 'adapt' to the North Sea oil and gas industry as the oil price continues to stay lower for longer. The company described the situation in the UK as "challenging" after revealing it had cut 10,000 jobs while also reporting a loss of $1billion during the final quarter of last year.
Nicola Sturgeon has refused to publish an update on North Sea job losses despite not having produced one for six months.
BW Offshore and Ithaca Energy said they have agreed on a termination of the FPSO, BW Athena.
The pace of drilling in the North Sea, the center of UK oil production for the past 40 years, has sunk to a record as crashing energy prices force explorers to abandon costly projects. Just 63 percent of oil and gas rigs in the UK North Sea were being used as of Jan. 19, according to data provider RigLogix. That’s the lowest since the Houston-based company started tracking their operation in 2000. In the Norwegian North Sea, the 71 percent rate is also the worst on record.
Nicola Sturgeon has called on David Cameron to sign an urgent city deal for Aberdeen to help it through the downturn in the oil industry. The Scottish Government has offered to fund the deal on a 50:50 basis to support innovation, digital connectivity and infrastructure.
Oil from the Forties in the North Sea could be set to cross the Atlantic for the first time in more than two years, according to traders.
Wood Group (WG) has struck a collaborative agreement with Magma products to extend its existing commissioning service.
BP’s Bob Dudley said 2016 will be a year of halves for oil price.
The Scottish Green Party has been accused of calling for the "demise" of the North Sea oil and gas industry.
The number of people claiming out-of-work benefits in the north-east of Scotland rose by 72% in December as the oil and gas industry sheds staff to cope with low oil prices.
The new owners of an Aberdeen-based offshore health business announced it has invested £1million in new technology and hired a chief operating officer.
A fresh wave of job cuts were revealed yesterday as energy experts warned oil prices could fall further this year due to a continued market glut. EnerMech confirmed it has cut 260 jobs from its operations in the UK and Norwegian Sea in recent months.
The Scottish Green Party wants the North Sea oil and gas sector to be wound down - so offshore workers can become lumberjacks.
The Scottish Liberal Democrats had urged the administration to host a session in the Scottish Parliament on the future of the offshore industry, amid spiralling job losses in the sector.
Petrofac is in consultation with staff over up to 65 positions on CNR assets in the North Sea. It is understood the jobs are in addition to the 160 confirmed by the company earlier this month.
Amec Foster Wheeler has revealed plans to reduce its pay for workers in Aberdeen by 7.5%.
Oil and Gas UK (OGUK) yesterday hailed the increase in demand for “tools” it helped develop in an effort to improve efficiency in the industry. The trade association said more than 900 companies had signed up to the industry mutual hold harmless (IMHH) deed. OGUK said the deed, which was originally developed in 2002, helped firms clarify the allocation of risks and avoid doubling up on the insurance of identical liabilities offshore.
Cairn Energy today confirmed both its Catcher and Kraken projects, both in the UK North Sea, remained on track for first oil next year.
The UK cabinet minister said it is "important" that Chancellor George Osborne delivers for offshore firms in his budget this spring.