Oil and gas engineering consultant Optimus (Aberdeen) said yesterday it had achieved a solid set of results in the first six months of 2012 despite investing in growth and facing pressure on margins.
The north-east company, which provides oil and gas engineering, safety and project-management services, turned over £4.7million during the period, up 15% from the £4.1million reported 12 months earlier. Optimus said pre-tax profits for the latest period came in at £256,000, 28% down on the £354,000 notched up a year earlier, however, after a significant investment in its future.
The firm boosted its workforce from 70 to 82 during the first half of 2012 and aims to employ 100 people by the year-end.
06/09/2012
04/09/2012
Total extends Romar swarf deal
North-east oil service firm Romar International said yesterday it had been awarded a three-year contract extension from Total potentially worth more than £4million.
The new deal extends an agreement begun in 2007 for Romar to supply equipment for removing swarf – metal waste debris – from Total projects in the North Sea.
Fields serviced by Newburgh-based Romar under the extension period include Elgin, Franklin, Alwyn and Dunbar as part of well plug and abandonment projects. Romar commercial director Robbie Gray said: “Being awarded a further three-year extension on this contract with Total is testament to the quality of products and services Romar offers.”
The new deal extends an agreement begun in 2007 for Romar to supply equipment for removing swarf – metal waste debris – from Total projects in the North Sea.
Fields serviced by Newburgh-based Romar under the extension period include Elgin, Franklin, Alwyn and Dunbar as part of well plug and abandonment projects. Romar commercial director Robbie Gray said: “Being awarded a further three-year extension on this contract with Total is testament to the quality of products and services Romar offers.”
04/09/2012
03/09/2012
02/09/2012
