Exclusive: Hydrasun acquires hydrogen specialist Fuel Cell Systems
Aberdeen energy services company Hydrasun has expanded its drive into the hydrogen market with the purchase of specialist supplier Fuel Cell Systems (FCS).
Aberdeen energy services company Hydrasun has expanded its drive into the hydrogen market with the purchase of specialist supplier Fuel Cell Systems (FCS).
The Hydrasun model of fast and reliable supply of products, services and integrated solutions aligned with our innovative engineering and technology development, has enabled us to develop an extensive track record in the fast-developing hydrogen marketplace.
Hydrasun has unveiled a major drive on hydrogen technology, with a clutch of initiatives including the launch of a new skills academy, a recruitment push, and a new acquisition on the way.
Private equity took a keen interest in the UK North Sea in 2021, with ยฃ2.4 billion worth of deals for the countryโs oil and gas industry.
Tom Burke, the former CEO of drilling rig giant Valaris, has joined private equity group SCF Partners.
A power-sharing deal between the SNP and the Scottish Greens could thwart further investment in North Sea oil and gas, industry figures have warned.
The boss at Hydrasun says a change of ownership has put the Aberdeen-headquartered energy service firm on the โfront footโ.
North-east energy service firm Hydrasun has been snapped up by Houston-headquartered private-equity house SCF Partners.
Hydrasunโs boss has said the โunity of effortโ shown by the firmโs employees and people in the wider oil and gas industry made 2020 a hard but โstrangely rewardingโ year.
Bosses at Hydrasun are in high spirits after investing in new kit, lifting profits and returning the firmโs order book to pre-downturn levels.
Hydrasun is on the verge of acquiring an unspecified company in Germany to strengthen its foothold in the hydrogen market.
Oil and Gas UK (OGUK) has said its two new boardroom appointments will be tasked with boltering ongoing efforts at increasing North Sea competitiveness and leading the charge toward the UK's net zero emissions target.
Hydrasun bosses have set their sights on double-digit sales growth after fattening up the energy service companyโs order book at the end of last year.
Bosses at Hydrasun are hoping to build forward momentum on the tailwinds generated by a raft of new deals worth almost ยฃ30 million.
Aberdeen-based Hydrasun has appointed a new vice-president for international business development.
Aberdeen-based oilfield service company Hydrasun has won a contract worth ยฃ355,000 for work on Egyptโs West Nile Delta project.
The boss of an Aberdeen-based energy service company said it was ready to grow its workforce this year amid further signs of growing confidence in the oil and gas industry.
A former oil and gas industry boss and his family are pouring more than ยฃ1million into a new tourism business in Stonehaven.
Scottish universities' involvement in oil and gas technology development will ramp up once a few misconceptions are banished, an industry veteran has said.
The boss of energy service company Hydrasun said yesterday he was seeing signs of a long-awaited improvement in fortunes for the beleaguered oil and gas sector.
Hydrasun has confirmed plans to reduce its headcount by up to 97 employees. The move comes in the same week as both Technip and Dolphin Drilling revealed they were also in consultation over jobs. Hydrasun, which employs 338 people in the city, said it had entered into talks with staff. The firm has also proposed a potential pay reduction of 12% to some staff across all of its UK operations.
Energy service firm Hydrasun Limited reported a healthy order book and โstrong pipeline of new opportunitiesโ in its latest annual accounts. The Aberdeen company - part of Hydrasun Group - achieved a small rise in profits to just under ยฃ17million, from ยฃ16.2million a year earlier, during the 12 months to March 31. Turnover increased by more than ยฃ20million to ยฃ120.9million.