Perenco’s UK arm more than doubled its profits last year due to soaring commodity prices, company filings show.
IOG has again been forced to shut in its key Saturn Banks assets, this time to address onshore compressor issues linked to condensate production.
North Sea operator Perenco UK took losses of £101.7million as the impacts of Covid and the drop in oil and gas prices took effect.
Decommissioning services firm Petrodec has completed its second major skidding operation with the Pickerill B topside removal.
Perenco UK fell to losses of £113.2million for the period prior to the outbreak of the Covid-19 pandemic.
Aberdeen-headquartered firm Rever Offshore has announced a double contract win with French oil and gas firm Perenco in the Southern North Sea.
Oil firm Perenco is due to begin decommissioning work at its Tyne and Guinevere installations in the Southern North Sea with the help of Fred Olsen Windcarrier.
Perenco UK has swung to a profit following a spate of deals to gain control of the largest onshore oilfield in Western Europe.
A North Sea offshore supplier has denied exploiting non-EU workers - despite paying some little more than £3 an hour.
Oil service firm Aker Solutions said today that it had secured a three-year contract extension with Perenco.