Taqa takes £339million write-down on value of North Sea assets
Taqa has taken a £339million write-down in the value of its North Sea assets as a result of Covid-19 and the oil downturn.
Brae
Taqa hands in decommissioning plans for two North Sea platforms
Oil and gas firm Taqa has handed in decommissioning plans for two of its northern North Sea platforms to the UK Government.
Marathon employees’ expertise the main attraction for RockRose
RockRose Energy has hailed the “expertise” of workers at the UK North Sea business it is acquiring from Marathon Oil.
Investment boost for Marathon’s ‘unloved’ North Sea assets
RockRose’s swoop for Marathon Oil’s UK business will breathe new life and investment into “unloved and marginal” North Sea assets, an analyst said yesterday.
Safety concerns flagged up on Marathon’s Brae rig
A UK safety watchdog has flagged up shortcomings on Marathon Oil's Brae Alpha platform in the North Sea.
Marathon quashes talk of imminent decommissioning of Brae
Marathon Oil insisted last night it had still not submitted any plans for decommissioning one of the North Sea’s oldest producing fields to the UK Government.
Marathon Oil is latest oil major to report big loss
Marathon Oil became the latest oil and gas major to post a massive cut in earnings in 2015 - revealing a $386 million loss for the three months to June 30.
North Sea workers consider strike over TV row
North Sea oil workers at Marathon Oil are considering industrial action after bosses cut their satellite television and daily newspaper subscriptions.