Petrofac has announced the award of a “multi-million dollar” North Sea contract from Ithaca Energy.
Ithaca Energy plunged deep into the red in the first-half of 2020 as the sharp drop in oil prices and staff payouts weighed on the firm’s balance sheet.
Helicopter group NHV has landed a five-year North Sea contract extension with Ithaca Energy.
Equatorial Guinea has awarded Nexant the feasibility study on a new formaldehyde plant at Punta Europa and work to develop a Gas Master Plan to Gas Strategies.
Impairments led North Sea operator Ithaca Energy to a £111.4m pre-tax loss in 2019, while the Covid-19 outbreak threatens delays to future projects.
Equatorial Guinea has approved a $90-100 million gas pipeline contract with Saipem.
Verus Petroleum has toasted a “transformational year” as it saw profits increase six-fold in 2018.
Verus Petroleum has completed a deal with Equinor for its stake in the Alba field in the North Sea.
Verus Petroleum has announced a deal to acquire a 17% stake in the North Sea Alba field from Statoil.
Oil and gas services company Alba Gaskets is selling its own anti-corrosion and fire-resistant gaskets for the first time after investing more than £100,000 in expanding its manufacturing.
Alba Mineral Resources has bought 5% of the Brockham oil field in England from operator Angus Energy.
Oil workers on a North Sea platform have been left without internet access.
The topside for Marathon Oil’s new Alba B3 platform is getting ready for a sail away to its next stop as the platform moves towards completion. The preparations for a sail away to the Heerema Vlissingen yard are in full swing from its current location at the Heerema Zwijndrecht yard in the Netherlands.