Malaysian oil firm Hibiscus Petroleum and Ithaca Energy, of Aberdeen, have agreed to jointly develop a pair of North Sea discoveries.
Vessel owner-operator Altera Infrastructure was in the black in the first quarter of 2021 after shaking off impairments that blighted its figures a year ago.
Malaysian operator Hibiscus Petroleum has picked Worley to provide engineering and design services for its Marigold project in the UK North Sea.
Write-downs on the value of its vessels saw Aberdeen-headquartered FPSO firm Altera Infrastructure more than double its pre-tax losses in 2020.
Hibiscus Petroleum has said it has now entered into “exclusivity arrangements” on an FPSO for its Marigold project in the North Sea.
Bosses at Kishorn Port say “momentum” is building as they work towards a multi-million pound extension of the drydock to capitalise on North Sea decommissioning.
Kishorn Port Limited (KPL) has submitted plans to extend its drydock for decommissioning of oil and gas FPSO vessels.
Semco Maritime Ltd have been awarded a yard stay project with Altera Infrastructure for their FPSO asset Voyageur Spirit to be moored at the West coast of Scotland port facility.
The Voyageur Spirit floating production unit has arrived at the dry dock in Kishorn on the west coast of Scotland, pictures published on social media show.
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.