UK Prime Minister Rishi Sunak is committing hundreds of millions of pounds over the next decade to Britain’s nuclear deterrent and energy infrastructure as part of a “critical national endeavour” to safeguard the industry and protect the country.
David Lockwood, the CEO of engineering giant Babcock is to join the board of Aberdeen-headquartered Wood Plc (LON: WG).
A helicopter has been left stranded onboard TotalEnergies’ Elgin platform after storm winds ripped off several of its rotor blades.
Firms behind the bid for a Forth Green Freeport estimate 7,000 new jobs can be created if plans are approved.
Trustees of the CHC Helicopter pension scheme have warned of ‘severe consequences’ for its members if the company is forced to sell off portions of Babcock to complete its merger deal.
The opening of a new government-backed rapid testing facility for tidal turbine blades will help spur the development of marine energy technologies in Scotland, according to its designers.
Babcock International has reported a 40% drop in profits largely due to a major restructuring of its oil and gas helicopter business.
A new aircraft, extra work in the North Sea and a return to the black have left the boss at Babcock’s helicopter division feeling bullish.
A controversial decision to transport spent fuel from Caithness to Sellafield has boosted turnover and profits at the company tasked with decommissioning the Dounreay nuclear power station.
The grounding of Super Puma helicopters in the wake of a fatal crash off the coast of Norway slowed revenue growth at North Sea helicopter operator Babcock International, although new contracts wins offset this.
Bond Offshore Helicopters has launched a new service offering offshore workers heading to the North North Sea transport to Sumburgh Airport on fixed wing aircraft.