Aberdeenshire-based Rovop overcame the collapse of one of its main clients to record revenue growth in the second half of its financial year.
A north-east back deck systems maker has deployed a piece of rental kit it rescued from Ceona Offshore, which went bust late last year. Maritime Developments initially delivered the 400-tonne reel drive system to Ceona in mid-2014, but agreed to buy it back from administrators at an auction after the stricken subsea engineering contractor folded. Maritime, which has bases in Aberdeen, Peterhead and the US, wrapped up the deal in March before swiftly putting the system to work on its first ever mission, installing risers and umbilicals in the UK continental shelf.
The downturn in subsea shipping activity provides the ideal opportunity for North Sea operators to fix the roof while the sun is shining, according to analysts.
An Aberdeen-based subsidiary of energy service firm DOF Group is in consultation with north-east workers over plans to shed at least another 20 jobs. The move is part of a drive to cut costs in light of “current and future conditions in the marketplace”, DOF Subsea UK managing director Robert Gillespie said yesterday. DOF is one of a number of vessel owner-operators to have been hit by the oil and gas industry downturn as operators scale back on exploration activity. Earlier this month, Harkand went bust, with the loss of 171 jobs, while Ceona hit the wall in September, eliminating 102 positions.
An Aberdeen-based remote operated vehicle (ROV) specialist has booked a £3.8million hit to its bottom line after its major customer Ceona went into administration last year.
Norwegian shipping firm GC Rieber has come to an agreement with administrators for defunct subsea contractor Ceona regarding its vessel Polar Onyx.
Norwegian shipping heavyweight GC Rieber has agreed to take early redelivery of the survey vessel Polar Duke from Dolphin Geophysical as part of an overall restructuring agreement to improve Dolphin's competitiveness in a challenging market.
The collapse of subsea contractor Ceona was greeted with dismay by the chief executive of industry body representing the sector.
Subsea contractor Ceona has gone into administration, with the loss of 102 jobs.
The chairman of Ceona’s board has stepped down with immediate effect due to ill-health. The SURF contractor said John Smith had played a pivotal role in overseeing the growth of Ceona since its inception three years ago. Smith has worked in the oil and gas industry for more than 30 years and helped lead the process which formed Subsea 7.
More firms have joined the list of companies laying off north-east workers as a result of the sharp slump in oil prices.
Ceona is the latest company to fall victim to the oil price slide. The firm confirmed it has been forced to cut jobs in a bid to keep costs under control.
ona has appointed a new chief executive. Mark Preece will take up the helm at the subsea firm. He replace outgoing chief executive Steve Preston, who will retire after 40 years in the industry.
Ceona has entered into a joint venture as it expands operation in West Africa. The partnership with Seaweld Engineering will support the Surf contractor in delivering products for deepwater construction work in Ghana.
Surf and subsea contractor Ceona has secured a letter of intent for its flagship field development vessel. Operated by Walter Oil & Gas, the Ceona Amazon will be deployed for the Coelacanth Export Pipeline project which will involve the the installation of an oil and gas line to the new Coelacanth Platform.
SURF contractor Ceona has christened its flagship deepwater field vessels after successful sea trials. Ship building specialist Lloyd Werft delivered the Ceona Amazon to Bremerhaven, where it was christened. The device was built to perform in multiple pipelay and operational modes and features large storage capacity and heavy subsea construction.
A deepwater vessel which will allow exploration n remote parts of the world is on track to be in use by next year. The Ceona Amazon, a hybrid construction and pipelay vessel designed by CEONA Offshore, began construction last year.