An engineering firm has secured 40% more office space at its base near Aberdeen harbour.
A recent poll suggested industry’s mission to lower its cost base and learn lessons from the downturn will be subjected to an acid test this year.
Engineering firm Apollo will design the main structure of a wave power demonstrator destined for waters off Pembrokeshire, South Wales.
We’ve all heard it a thousand times, ‘our people are our biggest asset’. I don’t buy it. I appreciate I’m perhaps failing to acknowledge the spirit of this statement, but to explain further – I don’t buy the idea that just having ‘good people’ (whatever that means) is enough to drive success. Let’s also have a think about that notion of ‘good people’ – do we mean competent people, entertaining people, nice people, generous people, motivated people or just people who have previously worked for a business that competes with our own…?
Apollo’s latest data management tool could save the offshore industry millions of pounds in cost savings and improved efficiency.
Apollo has emerged from the downturn bigger, stronger and more capable than ever. With 2017 being our best year ever, it is good to reflect on how this has been achieved.
Oil and gas service provider, Apollo, has stuck a deal with the Oil and Gas Technology Centre to introduce a data management system which will aid North Sea operators.
As operators and duty holders battle to reduce production costs in a mature basin with aging assets, increased focus must be placed on the cost effective safety and integrity management of these declining production profile assets . A challenge indeed!
As the North Sea industry grapples with its cost base, has it done enough to ensure its place at the table to attract investment in order to realise the enormous potential left in the basin?
The long wait may finally be over.
Caza Oil & Gas has secured a further extension on its financing arrangement with Apollo Investment Corporation. The company entered into a Note Purchase Agreement two years ago when Apollo agreed to purchase up to $50million of it senior secured notes. In September it was revealed the balance of the Note Purchase Agreement remained at $45million and although expected to comply with certain financial requirements, Caza was found to not be in full compliance.