Lerwick port bosses have reported a continued upturn in offshore energy-related business during the third quarter of 2019.
Babcock has confirmed that it was approached by outsourcing rival Serco earlier this year with a proposal for a mega-merger between the two companies, but the idea was rejected.
Another 17 jobs are to go at Scatsta Airport due to a sharp reduction in offshore activity in the wake of falling global oil prices.
Aggreko said today its gains from petrochemical and refining customers since July 1 had nearly cancelled out an adverse impact from weakness in oil and gas. The Scottish temporary power firm added its “resilience” against a challenging market backdrop allowed it to maintain guidance for 2015 profits of £250-£270million, down from £289million on revenue of £1.58billion last year. Chief executive Chris Weston said: “Whilst we are at an early stage in delivering the specific actions identified at our business review in August, I am encouraged with the progress we are making.”