A North Sea platform has been dropped off in the Netherlands ahead of being broken up.
Shareholders look set to lose their entire investment in Hague and London Oil (HALO) as the southern North Sea-focused explorer and producer is wound up.
Heerema Marine Contractors has been awarded a decommissioning contract for the integrated engineering, preparation, removal, and disposal (EPRD) of the Ketch and Schooner platforms, by owner DNO.
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.