The North Sea oil and gas firm has reported a fall in profits and revenue for the six months to June 30, hit by impairment charges, lower production and a slump in oil and gas prices.
Offshore oil and gas companies should expect continued scrutiny of their health and safety practices in 2024 despite a recent report suggesting that the industry has never been safer to work in, experts say
The costs of decommissioning oil and gas platforms in the UK’s North Sea could overtake capital expenditure in the industry by 2040, a new report from Offshore Energies UK has suggested.