Babcock took a £5.2million hit for “loss-making contracts” for its North Sea helicopter business in the 2020 financial year.
“Rapid growth” is being forecast for the offshore wind helicopter market, with nearly 100 extra aircraft needed by 2030.
Bristow has predicted “challenging conditions” will persist for the offshore oil and gas market for the next year.
Bristow Group has appointed a new chief financial officer after a merger with rival Era and re-emerging from Chapter 11 bankruptcy.
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.
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 Group and Era have finalised their merger.
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.
An MP has demanded answers from the UK Government over the future of post-Brexit safety rules for North Sea helicopters.
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 UK's oil and gas industry has welcomed the publication of fresh guidance on managing Covid-19 cases offshore.
Babcock warned on profits on Wednesday as its oil and gas business continued to struggle in a "frustrating" quarter.
Helicopter operator Bristow has announced plans to merge with US rival Era, three months after emerging from Chapter 11 bankruptcy.
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.
Helicopter operator NHV has celebrated delivery of a new aircraft for its Aberdeen base following some key contract wins.
Helicopter operator Babcock has said “continued commercial pressures” saw its UK offshore oil and gas business swing to a loss last year.
Babcock Offshore said today that it had won two new contracts for helicopter crew change operations out of its Aberdeen base.
Investigators have said engineers’ “lack of experience and fatigue” contributed to the collapse of a North Sea helicopter's landing gear.
With North Sea helicopter safety in the spotlight, there will doubtless be many offshore workers once again spooked by having to commute to their places of work using a mode of transport that they would not ordinarily choose.
Offshore helicopter safety will be under the spotlight at an event in Aberdeen next week.
A north-east MSP will formally ask the Scottish Government to reverse its decision not to back an offshore helicopter safety inquiry later.
CHC helicopters and Aberdeen University have won a £54,000 grant for a research project into the psychological factors influencing flight safety.
Departures to the North Sea have either been "delayed or cancelled" from a number of Norwegian heliports, according to reports.
A fault which left a helicopter stuck on a North Sea platform was "isolated" to that particular aircraft, manufacturer Sikorsky has said.