Hague and London Oil (HALO) has acquired 100% of the Schooner gas field in the North Sea but has not acquired rights to use the production platform to develop it.
An Aberdeen-based energy services group has won a multi-million pound contract to deliver duty holder services for two North Sea assets.
DNO, which took over Aberdeen-based Faroe Petroleum last year, has taken £112million of impairments costs related to its newly-acquired fields in the North Sea.
Plans have been submitted which could see a first for the UK North Sea for oil platforms being converted to support offshore wind farms.
An Aberdeen-headquartered firm has made a huge breakthrough in its mission to become a dominant force in the oil-well decommissioning market.
Faroe Petroleum has tabled draft plans to the UK Government for decommissioning the Ketch and Schooner gas fields in the southern North Sea.