Mermaid Subsea Services (UK) Ltd has set a new industry benchmark for North Sea decommissioning. Across the course of 2024 the Aberdeen-headquartered company successfully plugged and abandoned (P&A) 30 wells in the UK North Sea using the Island Valiant vessel.
Petrofac’s operations business secures $500 million in contracts
Petrofac’s Asset Solutions division has been awarded a number of scope expansions and new...