IOG (AIM:IOG) has encountered further setbacks at its Southwark field as low flow rates and produced water volumes slow progress.
Dozens of offshore workers are to benefit from a hefty pay increase after a long-running dispute was brought to an end.
Rig operator Valaris has unveiled a series of new contracts and extensions in the UK North Sea.
Petrofac workers will down tools for 48 hours at a series of BP and Repsol Sinopec assets across the North Sea today, as disputes over pay and rota patterns show no sign of resolution.
From Thursday dozens of workers will be taking strike action on Repsol Sinopec and BP (LON: BP) North Sea installations.
A raft of fresh North Sea strikes – that will impact more than a dozen assets operated by Repsol Sinopec and BP (LON: BP) - have been announced.
Analysts weigh-in on Petrofac’s dire news and the road ahead.
Petrofac (LON: PFC) has warned it will report losses of around $100m in 2022 due to “challenges” linked to its engineering and construction (E&C) arm.
Petrofac (LON:PFC) has secured a brace of new contracts from Hartshead Resources for work to develop its southern North Sea gas fields.
The UK-based Petrofac (LON: PFC) has secured an engineering, procurement and construction (EPC) lump-sum contract with ADNOC in the United Arab Emirates (UAE).
Pictures have been released of offshore workers who are carrying out strikes on BP and Repsol Sinopec platforms in the North Sea.
Unite says its members will stick to their guns as a new round of work stoppages commence on North Sea assets, in what the union has called an “increasingly bitter dispute” over pay and conditions.
Spiralling living costs coupled with record profits for energy producers have fuelled a series of increasingly bitter disputes between operators and workers throughout 2022.
Harbour Energy (LON: HBR), the top producer in the North Sea, has been knocked out of the club of leading publicly-quoted UK companies.
Analysts have warned that the surprise announcement of a new CEO for Petrofac (LON: PFC) is a negative signal for investors, with “renewed scrutiny” ahead for its balance sheet.
Energy services giant Petrofac has announced that its chief executive is heading for the exit door.
Petrofac (LON:PFC) workers stationed across several North Sea assets began the first in a series of proposed strikes on Wednesday, as a dispute over pay and conditions continues to escalate.
As the UK aims to reach net zero by 2050 we will see more and more wells decommissioned both on and offshore; geothermal specialist CeraPhi believes it can use some of this infrastructure to heat buildings and power installations across the country.
Workers were forced to evacuate from a transformer platform in the giant £3billion Seagreen wind farm 27 miles off Scotland’s Angus coastline, following an escape of “the most potent greenhouse gas” in the world.
Petrofac workers stationed across several North Sea assets have confirmed their intent to strike throughout November in an escalating dispute over pay and conditions.
Petrofac (LON:PFC) has secured an award from Hartshead Resources to conduct an engineering study of offtake routes for the Somerville and Anning gas field developments.
Petrofac (LON: PFC) has been awarded a £54.34 million well management services contract by the Aberdeen-based Dana Petroleum for all of its UK operated assets.
Sonatrach has confirmed a major construction contract with Petrofac, while moving ahead on gas negotiations with European offtakers.