Bosses at Ineos’ North Sea oil and gas business have vowed to keep “pursuing growth opportunities” despite a 95% profits plunge in 2019.
The firm which operates and maintains the St Fergus gas terminal in Aberdeenshire has bought an oil and gas project management company based in Newmachar.
Energy giant Ineos has booked oilfield services company Expro to carry out well testing services on the Breagh field in the southern North Sea.
Energy giant Ineos’s oil and gas division has no plans to open a regional office in Aberdeen, a company boss has said.
Infill drilling work at the Breagh gas field could be delayed as further investments in its first phase are put under review. Sterling Resources said the production at the gas field in the North Sea is continuing slightly ahead of schedule. Production last month averaged 28.1million standard feet of sales gas per day.