North Sea

BP pulls out of Scatsta aviation partnership

The aviation partnership operating at Scatsta airport has said they are not expecting any immediate changes to the set-up at the north mainland airport after BP confirmed that it is pulling out.

Oil & Gas

Downturn and Brexit vote push revenues 20% lower at Bristow

North Sea helicopter operator Bristow said yesterday the continuing oil and gas sector downturn and the fallout from the Brexit vote had combined to take a chunk out of its earnings in the three months to June 30. Houston-headquartered Bristow said it was “proud” of its response to the grounding of Super Puma 225 helicopters following a fatal crash involving one of the aircraft in Norway in April. The company also enjoyed a 73% climb in earnings from UK search and rescue services, but any gains were offset by a 27.3% drop in revenues from oil and gas services to $253million (£192million).