A group of workers have been evacuated from a Valaris drilling rig working in the North Sea due to concerns over an outbreak of Covid-19 onboard.
Premier Oil Plc needs to review its debt obligations as it faces the likelihood of running out of money soon with oil prices at less than $40 per barrel, according to its largest creditor.
This week’s oil price meltdown “won’t change” any short-term plans for Cairn Energy but could offer an opportunity, the Scottish oil firm’s boss said yesterday.
Work on the Beatrice wind farm project in the outer Moray Firth helped Subsea 7 to a small upturn in profits in the second quarter of 2017.
Norwegian ship owner BW Offshore has joined forces with a Chinese financial leasing firm in an effort to make big waves in the FPSO market.
Premier Oil is one of the UK's longest established independent oil companies.