Rig contractor Awilco Drilling has warned it will initiate a "wide range of cost saving measures".
Awilco Drilling has sunk to losses of £10.6million in the first half of 2020 amid separate disputes with rig builder Keppel Fels and HMRC.
Complaints of the “blight” of oil rigs in the Cromarty Firth spiked over the last month as the industry downturn forced vessels out of work.
A pair of oil rigs lying idle in Invergordon sank Awilco Drilling to losses of £7.5million in the first quarter of 2020.
Serica Energy's boss has said his firm will "weather the downturn" as it executed a deal to bring in an Awilco rig to drill a North Sea field.
Rig contractor Awilco Drilling said today that it had appealed against the UK taxman’s decision to slap it with a £7.7 million bill.
Awilco Drilling has reported a set of losses as one of its two rigs has remained unused for nearly four years running.
North Sea driller Awilco stayed in the red in its first quarter results as the hunt for work continues for one of its two rigs.
Westhill-based firm Awilco Drilling has announced a well decommissioning contract extension with Shell.
Aberdeen-based Awilco Drilling said today that it had tied up a £28million contract with Shell UK for the decommissioning of 18 wells.
Westhill-based offshore drilling firm Awilco Drilling has reported an increase in revenue in the first quarter of 2018.
Aberdeen-based Awilco Drilling has been hit with an improvement notice from the health and safety executive (HSE) after a crewmember was injured on a North Sea platform.
Awilco Drilling and operator Apache are at loggerheads over the yard stay for Awilco's drilling rig WilPhoenix.