Troubled engineering group Cosalt announced yesterday it was in administration.
Aberdeen-based offshore accommodation specialist Consafe Engineering Services collapsed with debts of more than £4million, it emerged yesterday.
Hopes are rising for the future prospects of the 400 people who work for troubled Aberdeen-based Sovereign Oilfield Group.
UNSECURED creditors of Tuscan Energy (Cragganmore) are likely to get at least some of their money back, joint administrators for the firm have revealed.
Unsecured non-preferential creditors of oil company Oilexco North Sea (ONS) may not get any of their money back, it emerged yesterday.
MANY parties are interested in acquiring the whole of Oilexco North Sea (ONS) and its assets, according to administrators at Ernst and Young (E&Y).