Rising numbers of North Sea oilfield service firms in ‘crisis mode’
A restructuring specialist has warned more North Sea oilfield service firms are “operating in crisis mode” and that he expects to see higher levels of insolvencies next year.
FRP Advisory
AquaTerra rescues subsea firm from administration, saving jobs
Offshore construction and engineering specialist AquaTerra Group has snapped up fellow north-east firm Subsea Engineering & Technical Services (Sets) out of administration, saving five jobs.