A pair of oil firms with major UK North Sea portfolios said they had proven their commitment to the region with a raft of new contract awards.
Step Change Engineering
An Aberdeen-based energy services group has added fresh impetus to its growth spurt with a fourth acquisition in just a few years.
The boss at Three60 Energy said the fast-growing energy services group is still geared towards expansion.
An energy-focused fund managed by Simmons & Company International has invested in Aberdeen-based Step Change Engineering.
A fledgling Aberdeen-based engineering firm has reeled in £500,000 worth of orders in the last two months by offering cost savings to operators in the oil and gas industry. Low oil prices and high costs have beset the sector in recent times, forcing companies to fire staff and mothball projects to balance their budgets. But the downturn has created a gap in the market for companies to thrive if they can offer cheaper alternatives than their rivals, the directors of Step Change Engineering (SCE) believe.