Other News

Jobs boost for the north

Up to 200 new jobs will be created in the north thanks to a multimillion-pound investment in the Nigg Energy Park. Owner Global Energy Group said the £20million it spent on a new “finger” jetty and upgrading existing quayside facilities were key to it landing a contract for maintenance and upgrades on Diamond Offshore’s Ocean Guardian drilling rig. The company said other potentially lucrative oil and gas industry work was also in the pipeline. Inverness Chamber of Commerce said it was “a great piece of news” for the energy industry supply chain in and around the Cromarty Firth.

Other News

Renewables boost for Global’s Nigg Energy Park

Tidal devices for the Meygen project in the Pentland Firth are to be built and tested at Nigg Energy Park in Easter Ross. Meygen owner Atlantis Resources said the decision to locate a new dedicated turbine assembly facility at the energy park – owned by Inverness and Aberdeen-based Global Energy Group – was the result of it agreeing to buy English firm Marine Current Turbines (MCT). MCT, currently owned by German conglomerate Siemens, is a company specialising in tidal-energy technology.


Global Energy Group prepares for change in offshore wind sector

Global Energy Group is preparing to unveil over 2,000 feet of fresh quay at its base in Nigg Bay as ports all along the east coast get ready for a step-change in the offshore wind sector. Steve Thompson, business development director at Global, will tell Scotland’s largest offshore wind conference in Aberdeen on Tuesday [27 JANUARY] that the extra quayside space will provide services for the renewables industry. Global bought the former oil rig yard at Nigg Bay on the Cromarty Firth in 2011 and has signed a memorandum of understanding with Moray Offshore Renewables, which plans to erect wind turbines in the firth.

Oil & Gas

Global spending more on facilities at Nigg

Global Energy Group said yesterday it was nearing the end of a further £20million investment in developing the Nigg Yard on the Cromarty Firth into a “world-class” port. The Inverness and Aberdeen-based energy service firm also revealed it was targeting the Mediterranean, Middle East and Asia for new business to offset an expected downturn in the UK due to the recent slump in crude oil prices. Global, which employs more than said a damaging impact on some of its operations was unavoidable but past experience of difficult market conditions showed new opportunities could flourish.


Global Energy Group has sharp rise in revenue

GEG (Global Energy Group) has seen a big rise in revenues only weeks after it confirmed job losses at its fabrication yard on the Cromarty Firth. The energy services firm said turnover had risen by 32% to £472million in the year end to March. The company’s profits have also jumped from £18.8million to £28million.