Engineering service group Babcock International said today that market conditions for its oil and gas aviation business were “extremely tough” in the six months to September 30.
The downturn has hit a “key inflection point”, with signs pointing to recovery for the offshore oil and gas helicopter market, according to new analysis.
Babcock has started a North Sea helicopter contract with Total which rival CHC criticised as “unsustainable pricing”.
North Sea helicopter bosses created some turbulence of their own last month with eyebrow-raising statements about competition and pricing pressures.
An Aberdeen oil and gas hangar got a special surprise yesterday with the arrival of an RAF “Hawk” jet nearby.
In this episode, in association with the EIC, the war of words has continued in the helicopter space with another contract going to fiercely competitive Babcock. While the company has remained silent about its winning ways, others vying for contracts have been less restrained. Babcock, if you’re reading this, give Mark a call to explain.
The chief executive of NHV has accused rival helicopter operator Babcock of engaging in a “race to the bottom” after a pair of North Sea contracts with Total changed hands.
With Allister on his hols (somewhere in lockdown Aberdeen), special guest Stuart Broadley, chief executive of the Energy Industries Council – which sponsors this episode – joined Mark and Ed to size up the week’s biggest stories.
Helicopter operator CHC has warned that “unsustainable” contract pricing could affect training and development after losing a major deal with oil and gas firm Total.
When Covid-19 gripped the UK North Sea oil industry, there was only one way for helicopter operators to manage the crisis – take it hour by hour, day by day.
Engineering service firm Babcock International slumped into the red in 2019-20 after suffering hefty impairments largely pinned on the “deteriorating” oil and gas market.
A Shetland marine energy firm has completed construction on a new incarnation of tidal turbine, able to cut costs by around 30%.
The UK’s crippled offshore helicopter sector faces more financial restructuring, “opportunistic M&A” and possibly even government intervention, according to new analysis.
Helicopter operator Babcock has said “continued commercial pressures” saw its UK offshore oil and gas business swing to a loss last year.
Babcock Offshore said today that it had won two new contracts for helicopter crew change operations out of its Aberdeen base.
Babcock's search and rescue (SAR) team is boosting the service it provides offshore workers by replacing hard-wired helicopter intercom with a new wireless network.
Trade union bosses have issued fresh calls for a public inquiry into North Sea helicopter safety after a report showed fatigue was a factor in a “near miss” at Aberdeen Airport.
The RMT trade union has vowed to step up pressure for a public inquiry into offshore helicopter safety after a report showed engineer fatigue contributed to the collapse of an aircraft's landing gear.
North Sea flights were disrupted yesterday after a “crack” was detected on part of a helicopter operating out of Aberdeen.
Babcock has confirmed that it was approached by outsourcing rival Serco earlier this year with a proposal for a mega-merger between the two companies, but the idea was rejected.
Defence and aerospace firm Babcock has appointed a Shell veteran as its new chairwoman.
Babcock will undertake fabrication and modification work on the vessel serving Premier Oil's Catcher field in the North Sea as part of a four-year agreement.
Engineering services giant Babcock International (Babcock) has chosen a former RAF pilot to head up its UK North Sea helicopter business in Aberdeen.
Engineering group Babcock has struck a joint venture deal worth 1.5 billion Australian dollars (£864 million) to provide services to Australia's navy.
The end of EC225 Super Puma helicopters in the North Sea has resulted in Babcock taking a £120million charge as it reshapes its oil and gas business.