The North Sea should not run “into a pit of lowest price bidding” just because the supply chain is stressed with the oil price drop, according to the chief operating officer of Independent Oil and Gas (IOG).
A £62 million project to re-route gas from the Clipper South field has been completed, licence partners said.
Energy giant Ineos’s oil and gas division has no plans to open a regional office in Aberdeen, a company boss has said.
Independent Oil and Gas (IOG) has strengthened its board and senior management team with a string of new appointments.
The billionaire behind North Sea oil and gas newcomer Ineos Breagh has reported record profits for his wider business empire.
Ineos has extended its interests in the North Sea after snapping up a further 25% stake in the Clipper South Gas Field from Fairfield Energy.