New helicopters needed to ‘meet demand’ as number of available S-92s dries up
There will have to be “new orders of offshore helicopters” to meet demand growth with “things looking up” in the oil and gas sector.
helicopters
‘Significant loss’ of competition from CHC Babcock merger – watchdog
The market watchdog has said that the takeover of Babcock Aviation by CHC Helicopters would lead to a “significant loss” of competition in the North Sea, as its final decision looms.
Bristow with high hopes for oil and gas despite ‘disappointing results’
Helicopter operator Bristow (NYSE: VTOL) has posted a set of “disappointing financial results” as a combination of issues, including Hurricane Ida, dented profits.
Babcock takeover ‘removes the weakest competitor’ in the North Sea, says CHC
CHC has told competition authorities that its takeover target of Babcock Aviation is “not a particularly serious competitive threat” to the company.
Bristow Helicopters UK business narrows losses but total debt rockets to £1.68bn
The UK arm of US helicopter giant Bristow has reported a narrowing of annual losses but it continues to rely heavily on goodwill from its parent.
CHC given five days to address ‘competition concerns’ over Babcock helicopter takeover
CHC helicopter has been given five days to address “concerns” raised by the competition watchdog over its takeover of rival Babcock before an investigation is escalated.
Bristow lands contract extensions with Equinor, Shell and Neptune in Norway
Bristow has announced a series of contract extensions for helicopter operations with Equinor, Shell and Neptune Energy in Norway.
CHC beats rivals to new Taqa North Sea helicopter contract
CHC has beat its incumbent rivals to a newly-formed Taqa helicopter contract in the central North Sea.
Bristow narrows losses in first year since Chapter 11
Bristow has narrowed its losses substantially in the first full year since emerging from Chapter 11 bankruptcy.
Babcock takes £5.2million hit on ‘loss-making contracts’
Babcock took a £5.2million hit for “loss-making contracts” for its North Sea helicopter business in the 2020 financial year.
‘Rapid growth’ forecast for offshore wind with 100 extra helicopters required by 2030
“Rapid growth” is being forecast for the offshore wind helicopter market, with nearly 100 extra aircraft needed by 2030.
Bristow predicts ‘challenging conditions’ to persist into 2021, sells off 10 Super Puma helicopters
Bristow has predicted “challenging conditions” will persist for the offshore oil and gas market for the next year.
Bristow appoints new chief financial officer
Bristow Group has appointed a new chief financial officer after a merger with rival Era and re-emerging from Chapter 11 bankruptcy.
CHC says contract price cuts could impact safety
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.
Updated: Helicopter operator CHC to cut more than 20 Aberdeen jobs
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.
Helicopter operators Bristow, Era complete merger
Helicopter operators Bristow Group and Era have finalised their merger.
Private jet hire firm eyes offshore helicopter market
A firm that specialises in private jet hire for clients including “entertainment legends, royalty and blue-chip companies” is eyeing a move into the offshore helicopter market.
MP demands answers over Brexit impact on North Sea helicopter safety
An MP has demanded answers from the UK Government over the future of post-Brexit safety rules for North Sea helicopters.
Offshore helicopter chiefs lobby Westminster and Washington as firms fight to ‘survive’ downturn
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”.
Turbulence ahead as UK’s offshore helicopter sector experiences ‘mensis horribilis’
The UK’s crippled offshore helicopter sector faces more financial restructuring, “opportunistic M&A” and possibly even government intervention, according to new analysis.
North Sea welcomes Health Protection Scotland guidance on preventing Covid-19 offshore
The UK's oil and gas industry has welcomed the publication of fresh guidance on managing Covid-19 cases offshore.
Babcock takes £85m hit due to ‘competition’ in oil and gas business
Babcock warned on profits on Wednesday as its oil and gas business continued to struggle in a "frustrating" quarter.
Bristow to merge with rival helicopter firm Era following Chapter 11 bankruptcy
Helicopter operator Bristow has announced plans to merge with US rival Era, three months after emerging from Chapter 11 bankruptcy.
Hearing into fatal 2013 Super Puma crash to begin in January
A preliminary hearing for a fatal accident inquiry into a helicopter crash off Shetland in 2013 is due to begin in January, the Crown Office has confirmed.
NHV takes delivery of new H175 helicopter in Aberdeen
Helicopter operator NHV has celebrated delivery of a new aircraft for its Aberdeen base following some key contract wins.