Borr Drilling has agreed a debt restructuring deal which will improve the liquidity of the rig operator by more than £250million for the next two years.
TechnipFMC UK job cuts are to largely impact its subsea workforce in the north-east as the lion’s share of proposed redundancies have been served to Westhill staff.
More than 650 workers have completed a transfer to a brand new consortium in Aberdeenshire for the start of a five-year contract with Total.
North-east job losses are thought to be “inevitable” if a potential merger involving two offshore giants takes place, a union boss warned last night.
Nigeria’s Seplat Petroleum has completed its acquisition of Eland Oil and Gas, which owns assets in Nigeria’s Niger Delta.
A new era has begun for a north-east business conceived over pre-match drinks before Aberdeen FC games at Pittodrie Stadium.
TechnipFMC has unveiled the new name for its engineering and construction business as the firm prepares to split into two separate entities.
Proserv has “restructured the business for growth” with the launch of two separate divisions after agreeing a deal to wipe out its debt last year.
An engineering services firm, which recently underwent a management buyout, has strengthened its leadership team with six new appointments.
A new decommissioning company in Aberdeenshire is seeking out its first contract, saying their inaugural customer “needs to be as visionary as us”.
Aberdeenshire-headquartered Eland Oil and Gas has hailed first production from one of its key projects in West Africa.
Middle East firm Conntrak Catering Services has put down roots in Westhill, Aberdeenshire, after identifying a potential gap in the North Sea market.
Wealthy investors with cash to spend on acquisitions are launching a new engineering and technology group from headquarters in the north-east.
Westhill in Aberdeenshire remains the most expensive town to buy a home, according to new research from Bank of Scotland.
About 800 onshore workers employed by Total in Aberdeen are moving into Subsea 7’s old west campus building in nearby Westhill.
M2 (squared) Subsea has opened headquarters at Arnhall Business Park in Westhill, near Aberdeen, following a multimillion-pound investment.