OTC 2013: US gulf ‘major area for growth’ for Ace Winches
Award-winning engineering firm Ace Winches has identified the Gulf of Mexico region as having significant potential for business development.
engineering firm
Kvaerner warns of “fierce” competition after profit miss
Norwegian group Kvaerner has warned of fierce competition from Asia after seeing its first quarter operating profit fall 40% to £9.6million.
Energy firm in £290m rig deal
Aberdeen-based oil company Talisman Sinopec Energy UK has agreed a £290million deal with US firm Transocean to use its Sedco 712 drilling rig.
Cosalt accounts still in limbo as talks continue
Engineering firm Cosalt said yesterday it still could not publish its annual accounts for last year because its long-term financial future remained uncertain.
ODE taking offshore wind skills overseas
Engineering firm ODE has picked up an 18-month project management and support services contract on a new German offshore wind farm.
Funding talks continue
Engineering firm Cosalt told shareholders yesterday it was still trying to secure long-term funding.
Cosalt shares removed
Shares in engineering firm Cosalt will be removed from FTSE's fledgling index on Thursday after being suspended since last month.
Students engineer scholarship success
North-east students have been named among the recipients of a £140,000 scholarship scheme.
Neptune gets flood of trainee applications
Engineering firm Neptune said yesterday it had taken on its largest annual intake of apprentices.
Cosalt still in funding talks
Engineering firm Cosalt suspended its shares yesterday after failing to publish its annual accounts.
Cosalt gets £1m top-up
The board of engineering firm Cosalt yesterday said it had agreed the terms of a new short-term revolving credit deal of up to £1million provided by Oval, a company owned by its chairman David Ross.
Work could start ‘next year’
An offshore windfarm and test centre in Aberdeen Bay could be operational in two years, one of the companies behind the project said yesterday.
Surge in value of Cosalt shares
Cosalt shares more than doubled in value yesterday in a twist which could put a questionmark over chairman David Ross's chances of taking the engineering firm private.
New chief exec for DeepOcean
Subsea engineering firm DeepOcean Group said today it had appointed a new chief executive to serve from February 1.
Deadline looms for Cosalt investors to decide
COSALT shareholders have just over two weeks to decide on chairman David Ross's takeover bid for the engineering firm as the businessman draws closer to owning the company outright.
Aberdeen firm looking to recruit up to 60 engineers after win
ABERDEEN-BASED engineering firm PD&MS Energy said yesterday it would recruit up to 60 people to meet demand after winning a multimillion-pound contract.
Chairman in bid to take Cosalt private
The chairman of engineering firm Cosalt, David Ross, is poised to table a £340,000-plus offer for the company to take it off the Stock Exchange.
Score has the Midas touch
Peterhead engineering firm Score Group is to take an innovative valve leak-detection device to the oil and gas industry after £18.5million of funding from Lloyds Banking Group.
Jee stands for jobs
ENGINEERING firm Jee, which specialises in pipeline, riser and subsea work, has taken on six graduate engineers. Joining the firm are graduates Daniel McNulty, Colin Dow and Joe Leask, to be based in Aberdeen, and Thomas Bryden, Aimen Sattar and Chris Fisher, to be based in Tonbridge. Jee employs more than 50 staff worldwide, based in the UK and the Middle East and has offices in Aberdeen, London and Abu Dhabi.