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.
operating profits
Cheyne hails company’s ‘remarkable growth’ story
The head of Ace Winches has hailed "remarkable growth" at the north-east engineering firm after a jump in both turnover and profits.
Oil operator expects static earnings
Oil and gas operator RWE Dea said yesterday it expected operating profits to remain static this year because of rising investment.
‘Record-breaking year’ for Atlantic
Oil and gas operator Atlantic Petroleum said yesterday it had enjoyed a record-breaking year, with both profits and turnover rising.
RWE puts energy exploration arm up for sale
German energy firm RWE said yesterday it had put its oil and gas exploration unit up for sale in a move that could rake in billions of pounds for its drive to cut debt. RWE had previously said it only wanted to sell parts of the unit, called Dea, which accounted for 23% of the group's operating profits in 2012.
Weir pumped up by miners
Scottish engineering firm Weir Group reported a jump in turnover and profits yesterday, thanks to demand for its pumps from mining companies.
Shell shares slide after latest results disappoint
London's blue chip share index enjoyed its best January for 24 years despite ending the month with a disappointing session.
EnerMech ‘reaping rewards of significant investment’
EnerMech Group said yesterday it was reaping the rewards of significant investment in its early years, with 2012 profits likely to be nearly double those of the year before.
Craig maintains profitable course
Aberdeen firm Craig Group said yesterday progress in each of its divisions boosted operating profits and turnover in the year to April 30.
First Reserve sells Acteon to rival firm
Oil and gas services business Acteon has been sold by one private equity firm to another in a deal thought to be worth up to £405million.
Output boost helps Premier profits surge
North Sea operator Premier Oil said yesterday a 30% jump in UK production had helped it to achieve record profits.
Weir reports growth despite oil and gas dip
Scottish engineering company Weir Group reported rising turnover and profits yesterday, despite a "challenging" oil and gas market.
Breedon targets Moray
Building materials firm Breedon Aggregates said yesterday it had set its sights on more work in Moray.
High costs hit Vroon profits
Improved charter rates and increased demand drove a 3% rise in turnover at Vroon Offshore Services in 2011, the Aberdeen firm said.
KCA Deutag earnings back on track
KCA Deutag said yesterday it was on course to match its 2010 earnings this year following a sharp fall in 2011.
Kuwaitis end talks on oil and gas takeover
The national oil company of Kuwait has walked away from takeover talks with North Sea-focused oil and gas explorer Ithaca Energy, a report in the Middle East has said.
Score profits boosted by Australia deal
A top boss at north-east engineering service firm Score Group received a near-550% rise to more than £1.7million in his pay package in 2010-11.
Valiant more than doubled its profits in 2011
North Sea explorer Valiant Petroleum said today it more than doubled profits last year.
Continuing North Sea recovery helps James Fisher
Marine service group James Fisher and Sons reported strong results in its offshore oil division in 2011 helped by the North Sea and growth in new global oil provinces.
Milder weather hits profits at Centrica’s domestic arm
Energy giant Centrica said yesterday mild weather led to a 30% fall in operating profits at its residential arm, Scottish Gas and British Gas, to £522million during 2011.
Market comment: Engineering services in demand as sector remains buoyant
Amec's full-year results were almost exactly in line with consensus stock market forecasts for revenue, operating profits and earnings per share (EPS).
Record third-quarter results for Halliburton
US oilfield services firm Halliburton today posted record revenues and profits, led by strong growth in North America.
BP to announce second-quarter results
OIL major BP will announce its second-quarter results on Tuesday.
Expro feels effects of lower-oil-price climate
Expro has reported sharply lower revenue and operating profits for the year to March 31 because of the downturn in upstream oil and gas activity fuelled by lower oil prices.
ASCO prepared for tougher 12 months after successful year
ASCO, the Aberdeen-based international oil and gas logistics specialist, has reported a successful 2008, but said this year would be challenging.