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Latest news - Company news

Wellube Introduces Advanced Double Isolation Pipeline Stopper Technology for Enhanced Safety

Wellube Introduces Advanced Double Isolation Pipeline Stopper Technology for Enhanced Safety   Leading flow management intervention and integrity experts, Wellube, a Unique Group company, has announced the launch of its latest innovation, the Double Isolation Pipeline Stopper (DIPS). This innovative solution, developed in-house by the Wellube Research and Development team, marks a significant advancement in pipeline intervention and safety management. The Double Isolation Pipeline...

Sonihull Secures Landmark Installation: Pioneering ATEX and IECEx Approved Ultrasonic Antifouling Systems Now Protecting NFE’s Energos Winter in Brazil

Sonihull Secures Landmark Installation: Pioneering ATEX and IECEx Approved Ultrasonic Antifouling Systems Now Protecting NFE’s Energos Winter in Brazil   We are proud to announce the successful installation of our ATEX and IECEx approved ultrasonic antifouling systems on New Fortress Energy's FSRU, the Energos Winter, in Brazil. Over the past six months, Sonihull worked closely with New Fortress Energy and provided them a turnkey solution to protect the ship’s main cir...

Centurion Group FY23 results - Record financial performance and significant strategic progress

Centurion Group FY23 results - Record financial performance and significant strategic progress   Highlights FY23 Adjusted EBITDA up 26% to $110.90m. Revenue up 15% to $515.71m. Adjusted profit after tax up 46% $34.33m. Completion of five major acquisitions: Blue Drop Solutions Inc, RioView Industries Inc, Whitetail Energy Services Inc, BBB Catering Pty Ltd and Heroult Marine Modules B.V. Commenting on the results, Fernando Assing, Chief Executive Officer, said: &ld...

NSMP invests in move to new city centre base

NSMP invests in move to new city centre base   The UK’s leading independent midstream operator, North Sea Midstream Partners (NSMP) has signed a lease for Aberdeen’s prestigious Marischal Square development. The company has relocated into the city centre from Balmoral business park where it will be closer to customers and stakeholders, signalling NSMP’s long-term commitment to the region. The new office will initially be home to NSMP’s Aberdeen team, with...

Fulkrum Announces Relocation following Rapid Growth in APAC Region

Fulkrum Announces Relocation following Rapid Growth in APAC Region   Fulkrum, a leading provider of inspection, expediting, auditing and technical staffing services, is proud to announce the relocation of its Asia-Pacific (APAC) headquarters to a new, larger office in Kuala Lumpur, Malaysia. This strategic move comes in response to the company’s rapid expansion and significant personnel growth over the past few years, driven by a series of new clients and contract awards with...

Petrofac cures contract default and announces extension to forbearance agreement

Petrofac cures contract default and announces extension to forbearance agreement   Agreement with key EPC customer Petrofac today announces that it has reached an alternative agreement with a key customer with respect to the performance guarantee requirements under that contract. The agreement cures the default notice received from that customer, which required a performance guarantee to be posted by 16 June 2024, as outlined in the company’s 2023 accounts. The Company...

COMET Expands Global Reach with Strategic Partnership in South Korea

COMET Expands Global Reach with Strategic Partnership in South Korea   COMET, formerly known as STC INSISO, is a UK-based specialist well known for its comprehensive suite of software and services designed to address the unique challenges of high-risk industries such as energy, construction, maritime, rail, utilities, and more. COMET’s expertise in incident investigation, root cause analysis, supply chain assurance, and regulatory compliance, make them a leader in risk intellige...

STATS Group posts record trading results with further growth forecast in 2024

STATS Group posts record trading results with further growth forecast in 2024   STATS (UK) Ltd (STATS) has posted record trading results in 2023 with revenues increasing to £74.7 million while EBITDA* earnings rose to £12.1 million, its latest annual accounts show. The Aberdeenshire pipeline technology company increased revenues by 26% while earnings rose 33% compared to 2022. Headquartered in Kintore, near Inverurie, STATS principal activity is the provision of pres...

Subsea 7 S.A. Announces Second Quarter 2024 Results

Subsea 7 S.A. Announces Second Quarter 2024 Results   Luxembourg – 25 July 2024 – Subsea 7 S.A. announced today results for the second quarter of 2024 which ended 30 June 2024. For further information, please visit our website at www.subsea7.com Read the latest issue of the OGV Energy magazine HERE    

Viper Innovations Achieves Milestone with MBO, Paving the Way for Diversification and Continued Growth

Viper Innovations Achieves Milestone with MBO, Paving the Way for Diversification and Continued Growth   UK-based technology SME Viper Innovations Ltd is pleased to announce its successful change in ownership through a management buyout (MBO) completed on 15 July 2024. This milestone marks a significant step in recognising Viper’s growth story and ensuring its continued stability and expansion into the future. Viper Directors Edward Davies (Managing Director), Hugo Mansfield...

Proserv completes sponsor-backed MBO and announces employee ownership scheme

Proserv completes sponsor-backed MBO and announces employee ownership scheme   Aberdeen/UK-headquartered Proserv has successfully completed a sponsor-backed management buyout (MBO), and is introducing an employee ownership scheme, marking a significant milestone in the company's 60-year history. Led by CEO Davis Larssen and CFO Mark Fraser, the multi-million pound deal is backed by GIIL, a UK-based investment vehicle of Glenn Inniss, the founder and owner of the GII Finance Gro...

Why energy operators should be addressing the issue of fugitive emissions and how they can go about it

Why energy operators should be addressing the issue of fugitive emissions and how they can go about it   In April, KCI’s Engineering Director, Graham Steele, attended the SPE Workshop: The Future of Well Integrity in Amsterdam. The key topic of discussion was greenhouse gases, mainly methane, and how critical it is that the energy industry contributes to reducing emissions. It was clear that this industry is under increasing pressure to introduce actionable steps to reduce it...

A new chapter for AOW

A new chapter for AOW   For the past nine years, Hyve Group has been the proud custodian of AOW (formerly known as Africa Oil Week). Today, we announce a new chapter for the event and its customer community as we hand over the keys to its new owner, Sankofa Events Limited, led by Paul Sinclair. Across the global Hyve portfolio, we are proudly led by our purpose of creating game-changing impact for our customers, their businesses and industries. This has been especially true for our...

Million-pound investment enhances decommissioning specialist’s Shetland operations

Million-pound investment enhances decommissioning specialist’s Shetland operations   A leading specialist in decommissioning waste has announced significant investment in its presence in Shetland. Recent £1 million investment by Aberdeen-based Phoenix Decom has included designated equipment for its recently completed quayside facility in Lerwick, Shetland.  More than half of overall investment sum has been spent on bringing in a new material handler, a mobile shear...

Senior appointments and technology advances support ambitious growth plans for JAB Recruitment

Senior appointments and technology advances support ambitious growth plans for JAB Recruitment   Global staffing partner JAB Recruitment has announced a string of promotions and new appointments to help energy operators and leading service companies connect with skilled workers around the world. And in a further boost, the UK and US-based company has leveraged cutting-edge technology to launch its own mobile app partnering with technology company Moblyze Inc – matching the be...

Zenith Energy Announces Record Year with Significant Growth and Expansion

Zenith Energy Announces Record Year with Significant Growth and Expansion   Zenith Energy, the independent well engineering consultancy and project management company with offices in Aberdeen, Australia, Senegal and Abu Dhabi, announces a record year since its formation marked by significant growth in turnover, strategic acquisitions, and an expanding global footprint. Zenith Energy achieved exceptional financial performance in 2023 with a turnover in excess of £32million*, a...

ATPI Group Secures Position on Leading Travel Industry Power List

ATPI Group Secures Position on Leading Travel Industry Power List   Internationally recognised travel and event solutions provider ATPI Group is celebrating its inclusion in Travel Weekly’s 2024 Power List – a specialised list commemorating and ranking the industry’s top Travel Management Companies.  Compiled by one of the travel industry’s most influential and coveted B2B news resources, the Travel Weekly Power List is an annual survey configuring th...

KR Group makes significant progress with distillery projects worth £1.5m

KR Group makes significant progress with distillery projects worth £1.5m   Aberdeenshire-based steel and cladding company KR Group is making significant progress with two major distillery projects, both of which are nearing completion. The two projects have generated nearly £1.5 million for the construction and engineering firm, further enhancing its track record in distillery work ranging from upgrades to new builds. The team have worked on over 25 distilleries across...

Fishbones signs multi-year contracts with Middle East operators

Fishbones signs multi-year contracts with Middle East operators   Fishbones, the leading provider of alternative reservoir stimulation technology, has signed contracts for deliveries of Fishbones stimulation technologies with two major national Middle East operators. Contract values are estimated to exceed a total of USD 15 million. The contracts are precedented by a series of successful Fishbones stimulation projects across the Middle East in recent years. Case studies show immedi...

Verlume shortlisted for three Scottish Renewables Awards

Verlume shortlisted for three Scottish Renewables Awards   Verlume, a specialist in subsea power delivery, intelligent energy management and energy storage, is a triple finalist at the upcoming Scottish Green Energy Supply Chain Awards which recognises the company’s commitment to delivering innovative technologies that change the energy landscape towards a sustainable future. Organised by industry body Scottish Renewables, the awards celebrate organisations and individuals wh...
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