Canadian Natural Resources (CNR) recorded pre-tax losses of £1.14 billion in the first six months of 2020 on the back of lower prices.
Teekay Offshore has denied claims it told dozens of workers on a North Sea production vessel that they were being made redundant.
Teekay has inked a one year contract extension with Canadian Natural Resources to keep one of its FPSO's on the Banff field in the North Sea.
North-east firm Motive Offshore said yesterday it was targeting “ambitious” growth after a multimillion-pound private equity investment.
CNR(CNR International) said work to re-tension the Petrojarl Banff’s anchor lines has been completed.