Two north-east businessmen have sold their oil service company for tens of millions of pounds.
A NORTH-EAST firm which inspects, tests and services lifeboats and associated equipment is to export key skills to service the offshore and maritime sectors in Western Australia.
British Geological Survey is engaged in a fight over its plans to shut its rock core facility in Edinburgh and shift the collection to a location in England.
BRISTOW Group, the US-based helicopter operator with a large presence in Aberdeen supporting the offshore oil and gas industry, has posted better-than-expected quarterly profits.
COSALT, the provider of safety equipment and services for the offshore oil and gas and marine industries, said yesterday its top-line profits for the 53 weeks to November 1 were down from £7.23million to £5.49million.
OIL and Gas UK will present its 2010 activity survey at the offshore industry body's first breakfast briefing of the year on Thursday, February 25, in the Aberdeen Exhibition and Conference Centre.
Marine and cargo-handling operator Sea-Cargo yesterday unveiled plans to expand its involvement in the offshore oil and gas industry by launching a new support base in Aberdeen.
The future of SLP, one of the UK's best known offshore fabrication yards, continues to hang by a thread following its collapse into administration several weeks ago.
Business confidence in Britain's offshore oil and gas industry supply chain remains fragile, it was reported yesterday.
Hallin Marine Subsea International and Superior UK jointly announced yesterday recommended proposals for an all-cash acquisition by Superior of the group in a deal valuing the business at £103.5million.
BRITAIN'S biggest chandler Hutton's has opened its largest depot in Aberdeen following increased business from the offshore oil and gas industry.
The founder of an engineering company which diversified successfully from fishing-industry work was named Entrepreneur of the Year last night at the Grampian Awards for Business Enterprise.
Cosalt said yesterday that third-quarter revenue at Cosalt Marine was at a level consistent with the comparable period last year, at £15.5million.
The MD of a consultancy that specialises in helping companies, especially in the upstream oil&gas supply chain, find international markets is warning that local economies wholly or largely dependent on a single industry or company tread a dangerous road.
NOMINATIONS have now closed for Oil & Gas UK's annual industry awards ceremony and the number of entries received has been the most impressive yet.
One of Scotland's biggest oil and gas logistics companies has launched plans to store more than 5,000 tonnes of kerosene at a north-east harbour.
ABERDEEN-BASED Viking Moorings has changed hands in a sale believed to be worth more than £180million.
Cosalt, a provider of safety equipment and services to the offshore oil and gas and marine industries, said yesterday the six months to May 3 had been challenging.
Oil and gas producers with North Sea operations will benefit from a huge windfall from the sale of surplus EU carbon credits, according to carbon-capture and storage (CCS) project developer CODeepStore
THE grounding of two models of Super Puma affects just over half the fleets of leading North Sea helicopter firms.
All Super Pumas of the type involved in recent North Sea crashes are to remain grounded until the necessary inspections and modifications are carried out.
The grounding of two models of Super Puma affects just over half the fleets of leading North Sea helicopter firms.
COSALT, which provides safety equipment and services to the offshore oil and gas and marine industries, said yesterday that trading in its first quarter to January 26 had been in line with its expectations.
OIL bosses have underlined their commitment to health and safety at a meeting of more than 80 business leaders.
Offshore oil and gas contractors have been alerted to a £15billion market for services needed to abandon nearly 5,000 platforms and subsea wells in UK waters.