‘Business as usual’ for Nautronix after sale
Two north-east businessmen have sold their oil service company for tens of millions of pounds.
offshore oil
SCI exporting key skills Down Under
A NORTH-EAST firm which inspects, tests and services lifeboats and associated equipment is to export key skills to service the offshore and maritime sectors in Western Australia.
Between a rock and a hard place
British Geological Survey is engaged in a fight over its plans to shut its rock core facility in Edinburgh and shift the collection to a location in England.
Bristow’s income beats analyst hopes
BRISTOW Group, the US-based helicopter operator with a large presence in Aberdeen supporting the offshore oil and gas industry, has posted better-than-expected quarterly profits.
Group forecasts improved trading
COSALT, the provider of safety equipment and services for the offshore oil and gas and marine industries, said yesterday its top-line profits for the 53 weeks to November 1 were down from £7.23million to £5.49million.
OGUK to brief delegates on activity survey findings
OIL and Gas UK will present its 2010 activity survey at the offshore industry body's first breakfast briefing of the year on Thursday, February 25, in the Aberdeen Exhibition and Conference Centre.
Sea-Cargo launches new Aberdeen support base
Marine and cargo-handling operator Sea-Cargo yesterday unveiled plans to expand its involvement in the offshore oil and gas industry by launching a new support base in Aberdeen.
Fabricator’s future hangs by a thread
The future of SLP, one of the UK's best known offshore fabrication yards, continues to hang by a thread following its collapse into administration several weeks ago.
Confidence in supply chain ‘fragile’
Business confidence in Britain's offshore oil and gas industry supply chain remains fragile, it was reported yesterday.
Hallin happy to accept £103.5m Superior deal
Hallin Marine Subsea International and Superior UK jointly announced yesterday recommended proposals for an all-cash acquisition by Superior of the group in a deal valuing the business at £103.5million.
Aberdeen chandler’s biggest hub
BRITAIN'S biggest chandler Hutton's has opened its largest depot in Aberdeen following increased business from the offshore oil and gas industry.
Ace founder hailed as natural entrepreneur by award judges
The founder of an engineering company which diversified successfully from fishing-industry work was named Entrepreneur of the Year last night at the Grampian Awards for Business Enterprise.
Cosalt Marine remains on course during third quarter
Cosalt said yesterday that third-quarter revenue at Cosalt Marine was at a level consistent with the comparable period last year, at £15.5million.
The Diageo affair should be a warning
The MD of a consultancy that specialises in helping companies, especially in the upstream oil&gas supply chain, find international markets is warning that local economies wholly or largely dependent on a single industry or company tread a dangerous road.
Record number of entries for awards
NOMINATIONS have now closed for Oil & Gas UK's annual industry awards ceremony and the number of entries received has been the most impressive yet.
Asco seeks to increase its paraffin storage at Peterhead
One of Scotland's biggest oil and gas logistics companies has launched plans to store more than 5,000 tonnes of kerosene at a north-east harbour.
New owner can help grow Viking across the globe
ABERDEEN-BASED Viking Moorings has changed hands in a sale believed to be worth more than £180million.
Cosalt sailing through stormy waters
Cosalt, a provider of safety equipment and services to the offshore oil and gas and marine industries, said yesterday the six months to May 3 had been challenging.
CCS windfall boost for North Sea firms
Oil and gas producers with North Sea operations will benefit from a huge windfall from the sale of surplus EU carbon credits, according to carbon-capture and storage (CCS) project developer CODeepStore
Long flight delays as aircraft out of action
THE grounding of two models of Super Puma affects just over half the fleets of leading North Sea helicopter firms.
Offshore helicopters to remain grounded
All Super Pumas of the type involved in recent North Sea crashes are to remain grounded until the necessary inspections and modifications are carried out.
Offshore workers face long delays
The grounding of two models of Super Puma affects just over half the fleets of leading North Sea helicopter firms.
Cosalt pleased with first-quarter trading
COSALT, which provides safety equipment and services to the offshore oil and gas and marine industries, said yesterday that trading in its first quarter to January 26 had been in line with its expectations.
Pledge over safety of offshore workers
OIL bosses have underlined their commitment to health and safety at a meeting of more than 80 business leaders.
Abandonment market ‘worth £15bn’
Offshore oil and gas contractors have been alerted to a £15billion market for services needed to abandon nearly 5,000 platforms and subsea wells in UK waters.