Stonepeak and Teekay LNG have set out a $6.2 billion merger plan, in a deal expected to close by the end of 2021.
Spirit Energy has decided it will finally decommission the Chestnut field in the North Sea, more than a decade after it was first expected to be shut in.
Altera Infrastructure (formerly Teekay Offshore) has been chosen to provide front-end engineering and design (FEED) work for the Dorado oil project's floating production, storage and offloading (FPSO) vessel offshore Western Australia.
Malaysian oil firm Hibiscus Petroleum and Ithaca Energy, of Aberdeen, have agreed to jointly develop a pair of North Sea discoveries.
Teekay has bid a “final farewell” to the Petrojarl Banff FPSO, which has now arrived in Denmark for decommissioning.
BP has started preparing for the removal of the "iconic" floating production, storage and offloading vessel (FPSO) on its Foinaven field.
The vessel on the Foinaven field, operated by BP, is set for a “significant” shutdown so that a number of safety issues can be resolved.
Write-downs on the value of its vessels saw Aberdeen-headquartered FPSO firm Altera Infrastructure more than double its pre-tax losses in 2020.
“Serious concerns” have been raised after inspectors found multiple “cracks” in the hull of the Foinaven FPSO west of Shetland, amid a catalogue of other safety issues.
CNR International is planning a mass decommissioning campaign for nearly half of its North Sea wells by 2025, and is seeking contractors to partner on the scheme.
Hibiscus Petroleum has said it has now entered into “exclusivity arrangements” on an FPSO for its Marigold project in the North Sea.
Teekay’s Banff floating production, offloading and storage vessel (FPSO) will be scrapped in Denmark.
Canadian Natural Resources has swung to profits of £244million in the third quarter after posting heavy losses earlier in the year due to Covid.
Managers at Kishorn Port (KPL) have hailed its third significant contract of the year, after the arrival of the Banff floating production, storage and offloading vessel (FPSO) for temporary mooring there.
Production on a North Sea vessel has been shut down in response to the removal of a crew member with “flu-like symptoms”.
A workers who was airlifted from a UK North Sea platform has tested positive for the Covid-19 virus.
Premier Oil will be “increasing its workforce” in other UK projects as the vessel which produces through its Huntington field prepares to sail off in summer.
Teekay Offshore has denied claims it told dozens of workers on a North Sea production vessel that they were being made redundant.
The removal of a Teekay-owned floating production, storage and offloading (FPSO) vessel from the North Sea could see further redundancy notices served to workers at the firm.
Up to 100 jobs are thought to be at risk from Premier Oil's plans to terminate vessel owner Teekay’s contract for a North Sea field.
A Teekay and COSCO joint venture operating LNG tankers serving Yamal LNG has been cleared to resume operations.
A fresh investment of £140million has once again extended the life of a North Sea oil field, safeguarding 70 jobs in the process.
The Gas Exporting Countries Forum (GECF) has expressed “deep concern” about sanctions in the gas sector, the group has said after a meeting in Moscow.
Global multi-disciplined technology and engineering company XL Group has beefed up its senior management team to support further expansion.
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.