Taqa has the largest UK decommissioning bill of any North Sea operator this decade, according to Wood Mackenzie.
Canadian Natural Resources (CNR) recorded pre-tax losses of £1.14 billion in the first six months of 2020 on the back of lower prices.
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.
Canadian Natural Resources International UK (CNRI UK) narrowed its losses last year amid higher oil and gas prices.
Profits increased at CNR International last year as the Canadian firm stepped up production.
Canadian Natural Resources International (CNRI) was unable to prevent North Sea production from slipping despite drilling new wells in the first half of 2018.
The shutdown of oil pipelines at the Sullom Voe terminal in Shetland will only be a “mild irritant” to operators, according to a leading petro-economist.
Two major pipelines connecting North Sea fields to the Sullom Voe Terminal on Shetland have been shut down after a “minor fault” was discovered.
A Canadian oil and gas company has submitted a draft decommissioning programme for a platform on one of the North Sea’s oldest producing fields.
An oil worker has been airlifted to hospital from a North Sea platform following an incident offshore.
Staff have been taken off the Ninian Central platform following a suspected drinking water contamination. The platform, which is operated by CNR International, is 249miles from Aberdeen. There are 192 personnel onboard the Ninian platform.