CNR

Oil & Gas

XPD8 wins two-year North Sea contract with CNR International

XPD8 Solution has signed a two-year contract with CNR International to provide monitoring services to five of the company’s platforms in the North Sea. The company has previously provided cover to CNR International’s UKCS assets over the past eight years. The latest contract will take XPD8 to a decade of working for the Canadian oil and natural gas company.

Other News

Offshore worker evacuated from North Sea platform

An offshore worker has been airlifted to hospital from a North Sea platform following a medical emergency. The crewman was working on the Tiffany platform which is 155 miles north east of Aberdeen. A Bond 1 helicopter from the Miller Platform flew to the Tiffany platform after the alarm was raised.

Markets

CNR slashes spending plan for this year as oil prices keep falling

North Sea oil firm Canadian Natural Resources (CNR) slashed its spending plan for 2015 yesterday as the price of crude continued to fall. Calgary-based CNR, whose operations also cover North America and Africa, said it was cutting its budget for this year by £1.6billion to £4billion. It cited the plunging oil prices as the reason, but other factors are also dictating how much the firm spends and where.