North-east oil service firm Ramco said today it had clinched four contracts worth more than £35million.
An Aberdeen-based technology firm will launch the latest version of its visualisation system today at the SPE Intelligent Energy conference.
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.
The founder of SeaEnergy, Steve Remp, said the group’s demise was a “sad day” for everyone who has been involved with it over the years.
Lansdowne Oil and Gas has called a meeting of shareholders giving them the opportunity to vote on the company's proposals to raise "essential" funds by issuing 350 million shares, devaluing the company in the process.
SeaEnergy today confirmed it had entered into an agreement with a preferred bidder for its Return to Scene Business (R2S) in a bid to pay off its debts.
Offshore energy services company SeaEnergy has suspended trading in its shares while it takes advice from insolvency practitioners after it revealed it will not be able to complete a sale of its Return to Scene business.
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.
SeaEnergy said its board has entered into discussions with a number of parties for acquisition of its R2S Visual Asset Management business as well as other group assets.
A technology usually used to capture images on board oil platforms and crime scenes has been put to use to help north-east Scotland charity Clan Cancer Support.
SeaEnergy has been thrown a financial lifeline after today confirming plans to exit the shipping the business.
The Aberdeen company at the forefront of creating visual mapping of oil and gas installations has been likened to a creating version Google's Street View for oil rigs.
The Aberdeen-based offshore services group SeaEnergy said low oil prices had hit the business, reducing turnover and profitability in the first half of the year and affecting expectations for the full year.
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.
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.