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 “front foot”.
North-east energy service firm Hydrasun has been snapped up by Houston-headquartered private-equity house SCF Partners.
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.
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 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 company’s 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 £30 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 £355,000 for work on Egypt’s 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 £1million 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 “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.