Regulators have approved TAQA’s plans to remove a section of the remaining jacket structure at Brae Bravo, following a successful topsides decommissioning campaign last year.
TAQA has received formal approval for its decommissioning plan (DP) covering the Cormorant Alpha topsides, with work slated begin from 2026 at the earliest.
The Abu Dhabi-based energy group said it had delivered a ‘very strong’ performance in 2021, underpinned by its utilities business and boosted by higher commodity prices.
The achievements of the UK oil and gas industry’s leading lights were celebrated in a virtual awards ceremony last night.
Taqa has taken a £339million write-down in the value of its North Sea assets as a result of Covid-19 and the oil downturn.
The boss of Taqa’s North Sea business has predicted a “challenging year” ahead as the Abu-Dhabi oil firm publishes its 2019 results.
Taqa’s European boss said robust production at its UK assets underpinned a strong first half of the year.
Norwegian firm Odfjell Drilling said its Aberdeen business would recruit about 100 people after winning a contract to provide services on five North Sea platforms.
The life and work of former Opito chief executive David Doig will be celebrated in Aberdeen later this month.
Taqa Bratani said a consultation over headcount reductions launched in August has now concluded with the loss of 100 offshore core crew positions. The company previously announced it was considering the move which was most likely to affect contractors.
A North Sea oil firm is making job cuts in a “consolidation” of the business, despite the Middle Eastern parent more than doubling first quarter profits.