Aberdeen-headquartered KCA Deutag has narrowed its pre-tax losses by £14.5million, but said the recovery in the oil market still lacks momentum.
Aberdeen-headquartered KCA Deutag has entered into a partnership with India’s Kavin Engineering to jointly pursue engineering projects for oil and gas market.
Aberdeen-headquartered KCA Deutag has entered into a joint venture (JV) with Azerbaijan’s SOCAR AQS for drilling opportunities in the Caspian region.
Drilling and Engineering contractor KCA Deutag (KCAD) said today that a new North Sea contract would keep 70 of its employees busy.
Aberdeen-headquartered KCA Deutag (KCAD) has completed its £480million takeover of a rival contractor.
Aberdeen-headquartered KCA Deutag (KCAD) has secured an extension to its drilling contract with Point Resources in Norway.
A strong fourth quarter helped KCA Deutag (KCAD) beat its earnings forecasts last year as the market showed signs of picking up.
Bosses at KCA Deutag (KCAD) said yesterday that there were great opportunities “all over the Middle East” after striking a deal to expand the firm’s operations in the region.
Aberdeen-headquartered KCA Deutag (KCAD) has struck a £480million deal to take over a rival drilling contractor’s Omani and Saudi businesses.
KCA Deutag has confirmed that 40 of its North Sea workers are at risk of being made redundant.
Drilling and engineering contractor KCA Deutag has appointed a new senior vice president for its rig design and engineering subsidiary, RDS.
Drilling contractor KCA Deutag has netted an £80million-plus contract in Ukraine.
Axess Group has won a long-term deal with KCA Deutag for all of its offshore drilling operations on the Norwegian Continental Shelf (NCS).
Scottish oil and gas drilling giant KCA Deutag said yesterday it had enjoyed a “satisfactory” start to the year” after substantially reducing its losses in 2016.
One of Scotland’s wealthiest businessmen, Alasdair Locke, is boosting his fortune through the £142.5million sale of financial services company Argenta.
KCA Deutag has secured 300 jobs after winning a contract extension for work offshore Russia.
KCA Deutag has filled 300 North Sea jobs after a recruitment drive earlier this year.
Scottish oil and gas drilling giant KCA Deutag has reported a “relatively strong” financial performance, compared to many industry peers, despite some UK North Sea customers shutting down platform activities.
KCA Deutag said it has sold its jack-up drilling unit for an undisclosed sum to an intergrated energy and services company.
Norwegian operator Statoil has extended contracts worth $600million to a number of companies including KCA Deutag, Archer and Odfjell.
KCA Deutag said it has begun a recruitment process for operational staff in Norway.
KCA Deutag has sold its jack-up drilling unit, Ben Loyal, to Advanced Energy Systems for an undisclosed sum.
Oil major BP has awarded two contracts to KCA Deutag worth $1billion.
KCA Deutag has confirmed that 69 jobs are at risk on its EnQuest operations.
KCA Deutag has announced plans to cut up to 230 jobs in Aberdeen as it grapples with a slowdown in North Sea drilling. Overall the drilling contractor said 500 jobs across its business spanning 20 countries were “at risk”, while it would also cut staff wages by 5% across the board. The company employs 10,000 worldwide and 1,200 in its North Sea offshore business. Revealing the plans to staff at its Altens base this afternoon, the firm said it would launch a consultation on its plan to cut 30 office jobs and 200 offshore roles after two of its North Sea clients “pause drilling operations”.