North Sea helicopter provider CHC has chalked up losses of £1.4million due to the grounding of its fleet of Airbus-made EC225 Super Pumas.
The Canadian company yesterday said the temporary suspension of its EC225 fleet had an “adverse effect” on its results for the year ended 30 April 2014 when pre-tax profits fell 60% to £3.3million.
Turnover rose 1.19% to £180million for the year due to contract wins and efficiencies, the firm said.
Scotland’s oil and gas industry is going on a trade mission to Africa this week in answer to a call for support from a former president of Mozambique.
The east African nation and its neighbour Tanzania have some of the largest offshore gas fields in the world, but with no local supply chain and a lack of skilled workers, they are ill-equipped to recover the hydrocarbons.
Operators in East Africa, including Anadarko, ENI, BG, Shell and Petrobras, are prepared to step in and spend about £1.35billion on developing the fields, believed to contain 150trillion cubic feet of gas.
