Former Valaris CEO joins private equity group SCF Partners
Tom Burke, the former CEO of drilling rig giant Valaris, has joined private equity group SCF Partners.
Hydrasun
Future North Sea oil investment risked by SNP-Green deal, warn industry figures
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.
SCF Partners takeover puts Hydrasun on ‘front foot’
The boss at Hydrasun says a change of ownership has put the Aberdeen-headquartered energy service firm on the “front foot”.
Hydrasun acquired by US private-equity firm SCF Partners
North-east energy service firm Hydrasun has been snapped up by Houston-headquartered private-equity house SCF Partners.
Hydrasun’s resilience and staff unity hailed in year full of hurdles
Hydrasun’s boss has said the “unity of effort” shown by the firm’s employees and people in the wider oil and gas industry made 2020 a hard but “strangely rewarding” year.
Spirits high at Hydrasun as new kit springs into life
Bosses at Hydrasun are in high spirits after investing in new kit, lifting profits and returning the firm’s order book to pre-downturn levels.
Hydrasun on cusp of German acquisition to spur hydrogen drive
Hydrasun is on the verge of acquiring an unspecified company in Germany to strengthen its foothold in the hydrogen market.
New OGUK board members to drive North Sea ‘competitiveness and energy transition’
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 targets double-digit growth as purple patch continues
Hydrasun bosses have set their sights on double-digit sales growth after fattening up the energy service company’s order book at the end of last year.
Hydrasun rising in the east
Bosses at Hydrasun are hoping to build forward momentum on the tailwinds generated by a raft of new deals worth almost £30 million.
Hydrasun appoints VP to drive growth in Africa and Asia
Aberdeen-based Hydrasun has appointed a new vice-president for international business development.
Hydrasun wins £355K contract for West Nile Delta project
Aberdeen-based oilfield service company Hydrasun has won a contract worth £355,000 for work on Egypt’s West Nile Delta project.
Ray of hope emerges as Hydrasun aim to hire
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.
From oil and gas to luxury lodges: new venture for former Hydrasun man
A former oil and gas industry boss and his family are pouring more than £1million into a new tourism business in Stonehaven.
ITF: Universities can make technology transfer work for oil firms
Scottish universities' involvement in oil and gas technology development will ramp up once a few misconceptions are banished, an industry veteran has said.
Hydrasun’s CEO cautiously optimistic about industry’s prospects
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 to reduce headcount in Aberdeen
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.
Hydrasun on track for continued progress, CEO says
Energy service firm Hydrasun Limited reported a healthy order book and “strong pipeline of new opportunities” in its latest annual accounts. The Aberdeen company - part of Hydrasun Group - achieved a small rise in profits to just under £17million, from £16.2million a year earlier, during the 12 months to March 31. Turnover increased by more than £20million to £120.9million.