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”.
A senior pilot has told a court that the crew of a helicopter which crashed in the sea off Shetland had not complied with the standard operations regarding airspeed as they prepared to land.
North Sea helicopter bosses created some turbulence of their own last month with eyebrow-raising statements about competition and pricing pressures.
More rigorous offshore survival training ‘could put people at risk of injury’, Super Puma inquiry hears
Ultimate responsibility for the safety of offshore workers on a doomed Super Puma helicopter which crashed into the sea off Shetland lay with the chief pilot, a fatal inquiry has heard.
Representative body Oil and Gas UK (OGUK) has welcomed bosses from BP, Neptune Energy and CHC Helicopter onto its board.
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.
NHV helicopters has won a Shell North Sea contract previously operated by larger rival CHC.
North Sea helicopter operator CHC is poised to lay off more than 20 employees in Aberdeen amid the crude price slump and Covid-19 pandemic.
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.
With the right leadership, the new working norms created by the Covid-19 lockdown can help advance the “inclusion agenda”, oil industry chiefs said today.
Industry chiefs are fighting in Westminster and Capitol Hill to support global helicopter firms that operate in the UK North Sea, warning some “will probably not survive”.
The UK’s crippled offshore helicopter sector faces more financial restructuring, “opportunistic M&A” and possibly even government intervention, according to new analysis.
The deadly Covid-19 outbreak has brought about a "complete one-eighty" for North Sea helicopter operators and changed the lives of pilots -- as well as their families.
A trade union official has said the North Sea is firmly in the grip of coronavirus “fear” and lamented a perceived lack of leadership.
An emergency was declared earlier today at Sumburgh Airport after a helicopter taking off was caught up in a lightning storm.
Exceptional oil and gas companies and their dedicated employees were recognised at one of the industry’s most prestigious award ceremonies on Friday night.
Firms which excel in health and safety and renewables will be recognised at the north-east’s prestigious energy awards next month.
CHC has announced it is on the trail for an acquisition opportunity in the helicopter market.
Helicopter operator CHC Group has announced the resignation of its president and chief executive, Karl Fessenden.
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.
Investigators have said engineers’ “lack of experience and fatigue” contributed to the collapse of a North Sea helicopter's landing gear.