A new energy-focused advisory company has been set up to support businesses in the UK and Norway.
The company – Vinstra – has been formed by subsea sector veterans Duncan MacPherson and Ciaran O’Donnell bringing more than 30 years’ of experience in oil and gas and have a record of leading and managing businesses in the sector through various phases including growth, mergers, acquisitions and restructuring. The company is based in Bergen and Aberdeen.
Duncan MacPherson said: “The low oil price and calls for collaboration and standardisation have forced many companies in the UK and Norway to really think about their future in terms how to remain competitive and what the options might be.
Ciaran O’Donnell said: “There is an immense amount of activity going on currently in the UK and Norway to determine what the future of the UKCS and the NCS will look like. That may include increased levels of M&A activity in some cases, but also enhanced efficiency in others, and we believe we are well placed to support these and other areas.
The company plans to make more appointments as it develops. It has already completed projects for several major companies in the run up to its official launch.
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