North Sea oil and gas minnow Ping Petroleum could soon be under new ownership, it is understood.
Malaysian firm Hibiscus Petroleum has opted to use a floating production, storage and offloading vessel (FPSO) to develop a number of assets in the UK North Sea.
Hibiscus Petroleum said today that its IT system was "subjected to an attack" last week.
A pipeline is expected to be installed next month as part of plans to revitalise Ithaca’s Cook field in the North Sea.
Malaysian oil firm Hibiscus Petroleum said today that it expects to have a field development plan in place for two UK North Sea blocks by the end of this year.
Malaysian firm Hibiscus Petroleum has given clarity on a health and safety prohibition notice served to Petrofac.
A Malaysian duo will try to get after another 1.7 million barrels of oil in the Anasuria Cluster with a second sidetrack well on the Guillemot A field.
Hibiscus Petroleum has largely attributed a surge in profits to its North Sea operations.
A new central North Sea sidetrack well has come up trumps for Malaysian firm Hibiscus Petroleum and its partner.
Malaysian oil firm Hibiscus Petroleum will buy stakes in two UK North Sea discoveries for £28.5 million.
More than 1million additional barrels of oil are expected to be unlocked through a sidetrack well in the central North Sea later this year.
Petrofac has been appointed as duty holder to support North Sea incomers Anasuria Operating Company Limited in a deal worth $250million, securing 65 jobs.
An offshore worker has died while working on an FPSO (Floating, Production, Storage and Offloading) vessel in the North Sea. Tributes have been paid to William Nichol, 61, who had been working for IKM Testing UK Limited on the Anasuria FPSO. Police were sent offshore to investigate following the incident which happened at around 4pm on Tuesday on the Shell-operated vessel.