Alpha Petroleum’s plans for its flagship North Sea development project appear to have suffered a blow after Teekay said it had "terminated" a vessel supply deal.
Alpha Petroleum is expected to make a decision this quarter on whether to sanction its Cheviot field in the North Sea, according to contractor Teekay.
Engineering and construction firm Sembcorp Marine has inked a £125 million deal to refurbish an installation which will serve in the UK North Sea.
UK private equity-backed Alpha Petroleum has announced the completion of a deal to bring the Petrojarl Varg FPSO to the Cheviot field.
Repsol has received consent from Norway's Petroleum Safety Authority for the removal of Petrojarl Varg and subsea structures on the Varg field.