Borr Drilling ‘extremely pleased’ with £250million financial lifeline
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.
Westhill
Majority of TechnipFMC UK job cuts to impact Aberdeenshire workforce
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.
650 workers move to new consortium PBS for Total North Sea contract
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.
Exclusive: Halliburton-TechnipFMC merger could spell ‘inevitable’ North Sea job losses
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.
Eland sale puts Westhill base on thin ice
Nigeria’s Seplat Petroleum has completed its acquisition of Eland Oil and Gas, which owns assets in Nigeria’s Niger Delta.
West End accountancy firm marks new era with move to Westhill
A new era has begun for a north-east business conceived over pre-match drinks before Aberdeen FC games at Pittodrie Stadium.
TechnipFMC unveils ‘Technip Energies’ ahead of business separation
TechnipFMC has unveiled the new name for its engineering and construction business as the firm prepares to split into two separate entities.
Exclusive: Proserv launches two new divisions following debt restructuring deal
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.
Quanta Fabricom strengthens team after management buyout
An engineering services firm, which recently underwent a management buyout, has strengthened its leadership team with six new appointments.
Fairfield Decom says ‘first customer needs to be as visionary as we are’
A new decommissioning company in Aberdeenshire is seeking out its first contract, saying their inaugural customer “needs to be as visionary as us”.
Eland Oil and Gas hails first production from Nigerian field
Aberdeenshire-headquartered Eland Oil and Gas has hailed first production from one of its key projects in West Africa.
Offshore caterers Conntrak into Westhill
Middle East firm Conntrak Catering Services has put down roots in Westhill, Aberdeenshire, after identifying a potential gap in the North Sea market.
Up to 1,000 new jobs to be created from new engineering group
Wealthy investors with cash to spend on acquisitions are launching a new engineering and technology group from headquarters in the north-east.
Oil keeps Westhill as most expensive town to buy a home
Westhill in Aberdeenshire remains the most expensive town to buy a home, according to new research from Bank of Scotland.
Total confirms move from Aberdeen to nearby Westhill
About 800 onshore workers employed by Total in Aberdeen are moving into Subsea 7’s old west campus building in nearby Westhill.
M2 Subsea finds a home – for now
M2 (squared) Subsea has opened headquarters at Arnhall Business Park in Westhill, near Aberdeen, following a multimillion-pound investment.