A North Sea union has condemned Wood over plans to cut sickness pay by more than 75% for its workers on CNOOC platforms.
Aberdeen-headquartered Operational Excellence (Opex) Group has won a multimillion pound contract with Cnooc International on its North Sea assets.
A sizeable stake in one of the UK North Sea’s largest gas discoveries in years will come on the market once a major acquisition goes through later this year.
London-listed RockRose Energy said yesterday it had signed an agreement with Maersk Oil North Sea UK to acquire non-operated stakes in the Wytch Farm (7.43%), Scott (5.16%)and Telford (2.36%) fields.
North Sea firm MOL Group more than doubled first quarter profits after its global oil and gas production surged to its highest level since the final quarter of 2012.