CHC UK buys Babcock offshore oil and gas operations

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CharlieOneSix
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CHC UK buys Babcock offshore oil and gas operations

#1 Post by CharlieOneSix » Thu Mar 11, 2021 11:13 pm

CHC UK buys Babcock offshore helicopter oil and gas operations in the UK, Denmark and Australia:
https://www.babcockinternational.com/ne ... -business/

So that's back to three helicopter operators in the North Sea. The oil companies won't like that as it will be slightly harder to drive down contract prices to below sustainable levels. Babcock will retain its non-offshore operations such as HEMS, Police and SAR.
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Re: CHC UK buys Babcock offshore oil and gas operations

#2 Post by FD2 » Fri Mar 12, 2021 7:19 pm

C16 - About time for the oil companies to bring in and encourage another operator then? Maybe, for once, a fourth operator would see the trap, but I doubt it.

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Re: CHC UK buys Babcock offshore oil and gas operations

#3 Post by TheGreenGoblin » Fri Mar 12, 2021 8:23 pm

FD2 wrote:
Fri Mar 12, 2021 7:19 pm
C16 - About time for the oil companies to bring in and encourage another operator then? Maybe, for once, a fourth operator would see the trap, but I doubt it.
Methinks that the oil industry has seen its halcyon days, not to say that it is dead. The answers, to some, are the rotors blowing in the wind...

Heli's are even more apposite than they ever were.. sadly electronics will fly most of the fleet in the next 30 years...
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Re: CHC UK buys Babcock offshore oil and gas operations

#4 Post by CharlieOneSix » Sat Mar 13, 2021 9:59 am

FD2 wrote:
Fri Mar 12, 2021 7:19 pm
C16 - About time for the oil companies to bring in and encourage another operator then? Maybe, for once, a fourth operator would see the trap, but I doubt it.
I can't see another operator coming into the North Sea with the oil industry in terminal decline. The halcyon days of only two big operators in the 70's - Bristow and British Airways - were soon spiked by the appearance of North Scottish aka Bond, and then in 1980 we in British Caledonian were encouraged to join the fray. We didn't see the trap but BP basically said come to Aberdeen and we'll give you a contract. They also wanted a different helicopter type to the AS332 which was starting to dominate with its introduction by Bristow so after using our S61s BP gave us a contract for two Bell 214STs with a third as back up. It gave BP options as a fleet grounding of the then new AS332 would have been disastrous for the oil companies and they would have to rely on the rapidly ageing S61. Then the price war and race to the bottom started and I don't think the helicopter companies have ever recovered. Maybe a new operator with a wish to make a small fortune may turn up - they would only succeed if they have a large fortune to start with.
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Re: CHC UK buys Babcock offshore oil and gas operations

#5 Post by FD2 » Sun Mar 14, 2021 7:19 pm

Further to what you posted about the decline of North Sea oil C16:

https://www.telegraph.co.uk/business/20 ... -licences/


Beginning of end for North Sea as ministers consider exploration ban

The radical move is on the table as part of a decisive shift away from fossil fuels and ahead of the climate summit in Glasgow this autumn
By Rachel Millard and Emma Gatten, Environment Editor 13 March 2021 • 9:30pm


Ministers are considering declaring the beginning of the end for the North Sea oil industry with a ban on new exploration licences.

The radical move is on the table as part of a decisive shift away from fossil fuels and as part of preparations for the crucial climate summit the Government is due to host in Glasgow in the autumn.

Britain is already legally bound to deliver “net zero” carbon emissions by 2050. Options being consulted on are understood to include an end to issuing licences in 2040, and an immediate temporary pause in licences. No change to the licensing regime is also possible.

One industry source said a decision is close. A ban on new licences would begin the terminal decline of British exploration in the North Sea and would be particularly controversial in Scotland.

An estimated 39pc of the 270,000 total UK jobs supported by the oil industry are in Scotland – more than any other UK region – and the SNP has relied on forecasts of future North Sea tax revenues to claim that the nation could pay its way outside the Union.


What now Sturgeon? :ymdevil:

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