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Oil & Gas

WGP wins seismic work in the North Sea

07/12/2015

WGP Group has won a deal to provide seismic services to ConocoPhillips. The five-year deal includes WGP acquiring seismic data sets on the Ekofisk field in the Norwegian sector of the North Sea. WGP is wholly owned subsidiary of Thalassa Holdings.

Oil & Gas

Exclusive: Supply boat crisis threatens North Sea safety

Charter rates for North Sea supply boats and anchor handlers are now so low that most vessels are sailing at a loss and, in some instances, apparently with “insufficient crew and fuel” aboard. It means that the companies that own them are in danger of sinking into a mire of debt and default; even going bankrupt or being forced into mergers. It is claimed there are now so few British seafarers on the ships . . . they are being replaced by cheap, Third World labour . . . that they have become an “endangered species”, according to a leading North Sea trade unionist.