Getting back to basics
Rig-maker Lamprell charted a “back-to-basics" strategy it says will return it to profitability by 2014 after swinging to losses of £69.3million in the most challenging year in its history.
oil service company
Sparrows gets lift from £190m deals
Aberdeen-based oil service company Sparrows Group said yesterday it had won contracts worth more than £190million over the past three months.
Key appointments at core of Stats expansion strategy
North-east oil service company Stats Group has appointed two new directors as part of an ambitious strategy to double in size within three years.
Flexlife wins work in gulf for US arm of Petrobras
Aberdeen-based oil service company Flexlife announced a contract win yesterday for a project in the Gulf of Mexico which could be worth more than £850,000.
I-Quip’s new owner adding jobs
Small Aberdeen oil service company i-Quip Technology is now under new ownership.
Sureclean in the spotlight
Oil service company Sureclean welcomed 60 visitors to its site at Whitecairns, Aberdeenshire, for its latest open day.
Entrepreneurs ‘back in action’
TWO business ventures currently taking shape in the north-east could see some well-known entrepreneurs make a return to the limelight.
Ferguson poised to hit turnover of £50m this year
North-east oil service company Ferguson Group said yesterday it was poised to exceed £50million annual turnover for the first time this year.
Omega invests £2.5m in new premises
ABERDEEN oil service company Omega Completion Technology (OCT) said yesterday it had invested £2million in a new building at Dyce as part of expansion plans which will also see a 20% bigger workforce.
Oil service merger almost complete
Two of the north-east's biggest energy industry names are on course to become one company on Wednesday, it was announced yesterday.
Buyout group in £87 takeover of Oil service company
Oil service company Velosi is being bought by private-equity firm Carlyle Group for about £87million.
TAM launches £1.8m Aberdeen base
Oil service company TAM International North Sea officially opened its new £1.8million Aberdeen base yesterday.
Sparrows expects growth to reach previous heights
Aberdeen-based oil service company Sparrows Offshore Group said yesterday it anticipated the return of much stronger growth opportunities in the next couple of years.
Oil company to create 150 jobs at new Dyce base
Oil service company Hertel aims to create 150 jobs in Aberdeen over the next year after setting up a base in the city.
Sentinel to be deployed in Far East
Oil service company Petrotechnics said yesterday it had won a contract worth more than £1million from Brunei Shell Petroleum.
‘Business as usual’ for Nautronix after sale
Two north-east businessmen have sold their oil service company for tens of millions of pounds.
Sparrows boosting Aberdeen workforce after contract wins
Aberdeen-based oil service company Sparrows Offshore Group said yesterday it had landed more than £36million of contracts at home and abroad, which would lead to 35 jobs locally.
Raft of recent contract wins worth £5.5m to oil service firm
An Aberdeen oil service company said yesterday it had landed seven new contracts totalling £5.5million last month.
Contract with major could be worth £50m to Aker Qserv
North-east oil service company Aker Qserv has won a contract with BP which could be worth £50million.
Business booming after bosses’ buy-in
ABERDEEN oil service company ATR Group yesterday reported a jump of more than 20% in turnover to £17million in the first full year following a management buy-in.
Doug driving growth in the North Sea
Tesco Corporation crossed the Atlantic to Aberdeen in 2006 after recognising the European market potential for its drilling technology.
Qserv actively recruiting to keep pace with rapid rate of expansion
North-east oil service company Qserv said yesterday it was on target to increase its worldwide workforce to 700 by the end of the decade.
All aboard Starlight charity express
TAKE two Irish brothers - one super-fit, the other not - chuck in a bike and an ancient steam road engine and see if they can get both vehicles from John O'Groats to Land's End in seven days.