Talisman Sinopec Energy UK to Cut 300 Jobs
North Sea oil and gas field operator Talisman Sinopec Energy UK said it would cut 300 jobs due to falling production levels and rising operating costs hurt by low oil prices. The company said the number represented a split between 100 employees and 200 contractor positions. The company also introduced immediate reductions in contractor rates. Talisman Sinopec Energy UK is a joint venture between Canada's Talisman Energy Inc and Addax Petroleum UK Limited…
Talisman Sinopec Closes North Sea Platform Ahead of Storm
Talisman Sinopec Energy UK has closed its Buchan Alpha platform in the North Sea, the company said on Wednesday, ahead of an expected severe winter storm. The Buchan Alpha is a floating production installation that contributes less than 5,000 barrels of oil per day to the Forties crude stream. A spokeswoman for the company, a joint venture between Canada's Talisman and China's Sinopec, said 61 non-essential personnel had been taken from the installation to Aberdeen, Scotland, in advance of the storm.
Maersk Oil Get Two UK North Sea Drilling Permissions
Maersk Oil, a unit in Danish shipping and oil group A.P. Moller-Maersk, said it has received approval from British and Norwegian authorities to develop the Flyndre and Cawdor fields. The fields lie approximately 293 kilometres southeast of Aberdeen in the UK North Sea. "The Flyndre well is expected to peak at around 10,000 barrels of oil per day with first oil expected in 2016, with Cawdor expected to peak at around 5…
