Receivers for Aberdeen Fluid System Technologies said the company, based at a Dyce industrial estate, was suffering from cash flow problems and rising costs.
It is a supplier of small bore tubing systems, and technology and services to the oil and gas industry. FRP Advisory said it would now market the company’s assets for sale.
- Offshore contractor the Sparrows Group, has won a three-year contract with Repsol Sinopec to provide crane management services across 10 platforms in the North Sea.
- Petrofac has been appointed to provide outsourced well operator services on the next phase of Tullow Oil’s Thames Decommissioning project following the award of a new multi-million dollar contract.
- The offshore oilfield services division of airborne ROV survey firm Texo Drone has formed a strategic partnership with Integrity XL, the multi-discipline engineering and technology organisation.
7 Feb 2018