Subsea 2017: Stars shine at annual awards bash in Aberdeen
Hydro Group, of Aberdeen, and Ian Donald, managing director at Westhill-based Enpro Subsea, were hailed as stars of the UK subsea sector at an awards ceremony in the north-east last night.
Business chiefs outline why being at OTC is a no-brainer
The chairman and managing director of Aberdeen-based Balmoral Group, Jim Milne, is an enthusiastic veteran of the annual pilgrimage to OTC.
Munro’s bookings are up for the 2017 trip to OTC in Houston
Growing confidence within the Scottish oil and gas industry is driving up bookings for a trip across the Atlantic to the Offshore Technology Conference (OTC) 2017.
Full-year losses widen at Weatherford International
Weatherford International suffered a widening of losses in 2016 but revenue was up, helped by innovative projects in the North Sea.
M2 Subsea finds a home – for now
M2 (squared) Subsea has opened headquarters at Arnhall Business Park in Westhill, near Aberdeen, following a multimillion-pound investment.
Plexus pins its hopes on new contracts to plug revenue shortfall
Plexus Holdings warned today its revenue for the current trading year was “running materially behind expectations”.
English firm Smulders wins Aberdeen Bay wind farm deal
A key contract for Vattenfall’s £300million-plus European Offshore Wind Deployment Centre (EOWDC) in Aberdeen Bay has gone south of the border.
ICR companies hit by £9m-plus writedown
An oil and gas downturn write-off has blown a £9million-plus hole in the balance sheet at the parent of Aberdeen-based energy service firms ICR Integrity and Walker Technical Resources (WTR).
BP delivers its latest forecasts for global energy
Global demand for energy will rise by 30% over the next 20 years, fuelled by increasing demand from China, India and other fast-growing economies, BP said yesterday.
Business Rates: Tory leader stands firms fighting rates rise
Scottish Tory leader Ruth Davidson has called for “meaningful action" from the SNP government to help north-east firms hit by massive increases in business rates.
Halliburton full year results point to ‘tale of two cycles’
Energy service company Halliburton Company highlighted “a tale of two cycles”, with the North America market seemingly on the mend but continued woes elsewhere, as it delivered its 2016 results.
Lerwick harbour predicts quiet 2017 for oil and gas activity
Lerwick Harbour bosses are expecting another year of ups and downs for the Shetland port.
Braemar shares plunge after profit warning
Braemar Shipping Services (BSS) saw more than £10million wiped off its market value today after it said profits for its current trading year were likely to be lower than expected.
Halliburton highlights a world of contrasting oil and gas markets
Energy service company Halliburton Company highlighted “ a tale of two cycles”, with the North America market seemingly on the mend but continued woes elsewhere, as it delivered its 2016 results.
Schlumberger posts full-year net losses
Schlumberger saw net income slump into the red as revenue plummeted by 22% during 2016.
Abersea Engineering and Raisepower announce merger
Aberdeen firms Abersea Engineering and Raisepower have merged to form a new company Mesh Global, turning over about £7million a year.
KPMG oil and gas chief predicts more infrastructure deals in 2017
There is currently a “massive appetite” for UK North Sea infrastructure among potential investors, an oil and gas expert said yesterday.
Proserv unveils plans for international expansion
North-east energy service firm Proserv said yesterday it was setting up new bases in India and Saudi Arabia on the back of new contracts worth about £10million.
North-east claimant count rises as oil downturn continues
Rising unemployment and a fall in the number of people north of the border “paint a worrying picture” Scottish Secretary David Mundell said yesterday.
Peterson acquires Aberdeen company Core29
International energy logistics firm Peterson has acquired a majority stake in Aberdeen-based IT and project management consultancy Core29.
ESS ties up new funding package to support growth plans
Ecosse Subsea Systems (ESS), based in Banchory, Aberdeenshire, said yesterday it had secured a new multimillion-pound finance package to support its ambitious growth plans.
£500k Middle East contract is chilling for HVAC
HVAC & Refrigeration Engineering, of Aberdeen said yesterday it had successfully completed a £500,000 contract to supply water chillers designed for “explosive” atmospheres.
AAB says prospects encouraging for oil and gas M&A market
Accountancy firm Anderson Anderson and Brown (AAB) has notched up a half century of deals in the mergers and acquisitions (M&A) market for a third consecutive year.
KPMG says expected jump in oil and gas failures has ‘simply not materialised’
Oil and gas industry woes are not reflected in the latest figures for business failures across Scotland, KPMG said yesterday.
Emec to help create a clone in the Far East
The European Marine Energy Centre (Emec) in Orkney is to export some of its world-leading expertise to China.