Aberdeen-headquartered firm Wood has announced a "significant" contract extension on a number of Taqa's North Sea assets.
Taqa’s European boss said robust production at its UK assets underpinned a strong first half of the year.
A coastguard search and helicopter has this morning been sent to assist an injured crewman on a North Sea oil platform.
A “natural decline” in production and unplanned outages halved earnings from Taqa’s European business in 2018.
Taqa has hailed a “major milestone” as it prepares to switch its Eider platform in the North Sea to utility mode next month.
Taqa revealed plans to extend the life of its northern North Sea assets are “nearing completion” as it reported its financial results.
Energy logistics provider Peterson has secured a deal with operator TAQA to support the Middle East company's North-Sea assets.