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Hydrasun

North Sea

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.

Oil & Gas

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.

Europe

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.