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SeaEnergy

Other News

The end of the road for SeaEnergy

Administration and a near-£2million disposal of its most valuable asset, Return to Scene (R2S), have brought the curtain down on north-east company SeaEnergy.

Oil & Gas

US oilman “saddened” by SeaEnergy plight as shares tumble

US oilman Stephen Remp said yesterday he was “deeply saddened” by the plight of SeaEnergy, the troubled north-east firm he used to lead. He was speaking after the Westhill-based energy service company announced plans to sell its 3D visualisation business, a move that sent its shares tumbling 45%. SeaEnergy said it was already in talks with a number of potential buyers for Return to Scene (R2S), which it bought for £5million in 2012.

Markets

Lansdowne aims to raise more than £1million in share placement

Alternative investment market (AIM)-listed Lansdowne Oil and Gas said today it has placed 20,753,636 new ordinary shares with new and existing investors to raise about £1.04million before costs. The company, in which Aberdeenshire energy service group SeaEnergy has a 21.48% stake, has also issued a loan note to the value of £1,862,318 to 25.76% shareholder LC Capital Master Fund.

Oil & Gas

SeaEnergy wins Canadian contract

SeaEnergy has been awarded a contract in Canada with an estimated value of $800,000. The company’s subsidiary, Return to Scene, has struck a deal for the R2S photpgraphic capture. The visual asset management system provides high definition spherical photography, capturing offshore oil and had assets and providing the user with a desk top visual.