Lower dayrates and fewer revenue-earning days saw profits drop by more than 90% at Diamond Offshore’s UK business.
An Aberdeen-headquartered firm has reached a major milestone in its quest to become the oil and gas industry’s top well-decommissioning specialist.
Diamond Offshore’s pre-tax losses have widened by £40million compared to the same period last year.
Aberdeen oil service firm TWMA has clinched a £1million contract to carry out waste management duties on a central North Sea drilling project.
Atlantic Offshore has secured a new ERRV contract for its Ocean Sprite vessel with Dana Petroleum Limited.