A new company formed to oversee the management of two established Aberdeen energy supply businesses has appointed Graham Thomson as its chief executive officer.
Nucore Group has been established to create a topside engineering services group of companies. Backed by Lonsdale Capital Partners Ltd, Nucore Group currently comprises Oteac Limited and HVAC & Refrigeration Engineering Limited (HVAC&R).
The move follows Oteac’s £10.25 million acquisition of HVAC&R last year and is designed to aid the international growth of both businesses.
Oteac is a specialist provider of integrated fire and safety products along with maintenance and testing services. HVAC&R provides a range of heating, ventilation, air conditioning (HVAC) and refrigeration equipment and services as well as manufacturing ATEX equipment for harsh and hazardous environments.
Earlier this year both companies relocated to purpose built, shared facilities becoming the first tenants at the Core Business Park at Murcar.
Working together, the complementary trading companies can provide an expansive range of products and services to clients, whilst combining core skills and expertise. With offices in Aberdeen, Edinburgh and Inverness, Nucore employs over 130 people and operates worldwide supporting projects in the Middle East, Africa, Asia and the Americas.
The group and its individual companies, which continue to trade independently, recorded turnover of around £20 million for the year to end 31 December 2015 and expect to expand their international footprint in 2017.
Thomson brings over 28 years of oil and gas industry experience to Nucore Group, 22 of which were with Sparrows Offshore where he held senior roles in the UAE and USA and was a member of its executive board. Latterly he was chief operating officer for ACE Winches in the UK.
He said: “Nucore is a byword for innovation and quality in the oil, gas, marine and petrochemical industry. The enthusiasm and commitment of the stakeholders to continual investment in their products and people was instrumental in me joining what I consider to be a first class customer-focused business.
“The businesses within the group continue to win new work despite the difficult conditions the oil and gas sector is experiencing. I believe there is further potential to internationalise Oteac’s presence by building on HVAC&R’s more established international footprint.”
- A rising number of UK operator companies are demonstrating their commitment to working smarter by signing up to two initiatives designed to reduce the legal and commercial complexity of offshore operations.
As a result of collaboration between UK operators, supported by Oil & Gas UK and the Oil and Gas Authority (OGA), increasing take up of new standard study agreement and an updated Commercial Code of Practice will help the sector’s drive to improve the efficiency of N. Sea energy businesses
To date, 30 companies have registered their commitment to the refreshed Commercial Code of Practice which has been rewritten to reflect the obligations associated with the MER UK strategy and negotiation best practices from across the industry.