Backing boost for Hydrasun
Aberdeen-based energy service company Hydrasun says its massive growth will continue after announcing a change in private-equity backer.
revealed yesterday
£15million of new business in pipeline
Energy production technology services company Proserv revealed yesterday it had won two North Sea contracts worth more than £15million.
Rig operator counts cost of gulf disaster
Global rig operator Transocean has set aside a further £483million to cover costs in the wake of the 2010 Gulf of Mexico disaster, it revealed yesterday.
Jobs go begging as sector hit by lack of talent
North-east MPs have called for action to tackle a skills shortage which threatens to stifle growth in the thriving subsea sector.
Rothes biomass plant still on track, says Helius
Helius Energy said its Rothes biomass processing plant was still on track and revealed yesterday it had moved into the black. The renewable-energy firm is developing the Moray project as part of a joint venture with the Combination of Rothes Distillers (CoRDe) group and said it was on schedule to start operations in the second half of this year.
Cairn India boss cashes in shares
The boss of Cairn India, in which Scottish oil explorer Cairn Energy retains a minority stake after selling much of the business to Vedanta Resources, has sold over half of his own shareholding for £6.64million.
Shell accused of playing down spill as estimate rises
ENERGY giant Shell was last night accused of attempting to play down the significance of its North Sea oil spill after it emerged that the amount of oil which leaked into the water was more than 10 times larger than originally admitted.
No bonus payouts for top bosses at energy major BP
BP has not paid its new chief executive or his predecessor bonuses in the wake of the Gulf of Mexico oil spill, its annual report revealed yesterday.
Simmons closes deals worth £649m in difficult year
ABERDEEN-BASED specialist corporate-finance adviser Simmons and Company International revealed yesterday it had closed 20 deals with a total transaction value of £649million in the year to June.
Wood seeking bolt-on buys to boost group in ‘challenging year’
International energy service company Wood Group revealed yesterday that pre-tax profits for last year surged by 48% to £274.3million.
OHM sounding out potential buyout interest
Aberdeen company Offshore Hydrocarbon Mapping (OHM) revealed yesterday it was in early stages of discussions which may lead to an offer being made for the firm.