Prosafe slumps to loss and with no upturn until 2018
Accommodation vessel supplier Prosafe made a loss in the first quarter of 2016 as market uncertainty continues and little prospect of an upturn before 2018 it said.
Accommodation vessel supplier Prosafe made a loss in the first quarter of 2016 as market uncertainty continues and little prospect of an upturn before 2018 it said.
A new name in North Sea oil and gas said yesterday it had already achieved a “major milestone” by installing a bridge-linked platform for the £1.6billion Montrose Area Redevelopment (MAR).
A union boss today warned there is a move towards industrial conflict in the North Sea sector.
Cape, which provides support services to the energy and natural resources sectors, reported mixed trading conditions in the first quarter of 2016 with margins lower than expected but with "solid" order intake and revenue.
The Montrose Area Redevelopment (MAR) in the UK North Sea has reached a major milestone with the successful installation of the new Montrose Bridge Linked Platform.
Lundin Petroleum said it has raised output estimated for the first phase of the Johan Sverdrup field as it bear first quarter earning expectations.
Wood Group (WG) said it expects its earnings for the year to be 20% lower than 2015 as it continues to manage costs amid lower activity by operators.
A petition to ground all Super Puma EC225 helicopters from use in North Sea offshore operations would need European-wide approval, according to the Civil Aviation Authority (CAA).
Restrictions on air travel in the area over the site of a North Sea helicopter crash have been put in place once again as investigators continue looking for wreckage.
PDL Solutions has netted a two-year framework agreement with specialist marine service provider Viking SeaTech.
Dozens of relatives of those killed in North Sea helicopter crash have visited the site 10 days after the incident.
Aqualis Offshore has won a North Sea deal with Siemens Wind Power.
Centrica's bid to merge its North Sea operations with a rival firm fell down just weeks before its fundraising bid, it is understood.
North Sea firm MOL Group more than doubled first quarter profits after its global oil and gas production surged to its highest level since the final quarter of 2012.
Oil major Shell has put on temporary travel to its Norwegian assets after suspending CHC Helicopter flights in the wake of a North Sea crash.
Oil and gas producer MOL posted a big jump in first-quarter profit, despite a big drop in its E&P (exploration and production) business performance.
On April 29th a North sea helicopter crashed on its return journey from Statoil's Gullfaks B platform killing all 13 people on board. A week on from the crash here's what we now so far from the investigation.
I must admit, the question was a sore one and a real blow to my self-esteem.
V.Ships Offshore has revealed plans to open new Aberdeen headquarters.
Harkand Group, the oilfield services and inspection repair and maintenance (IRM) company has gone bust with the loss of 171 jobs in London and Aberdeen.
CHC Group has field for voluntary chapter 11 bankruptcy protection to facilitate restructuring and position company for long-term success.
Canadian Natural Resources reported a smaller quarterly loss as cost cuts paid off amid a slump in oil prices.
Oil spill response specialist Briggs has secured a five-year contract from BP to act as its oil spill lead across the Forties Pipeline System (FPS) and to provide response services in the north of Scotland.
Wood Group has been awarded a three year contract extending its support of Shell's eight UKCS offshore assets.
European regulators have called for immediate checks on the type of helicopter which was involved in a North Sea helicopter crash.