The Fife-based subsidiary of global oil services firm TechnipFMC said it was hopefully of improved trading despite a loss of more than £20 million last year.
oil and gas
Dundee-based Pryme Group has secured new oil and gas work worth £3.5 million as it ramps up activity ahead of the opening of a new multi-million pound engineering facility.
Angus-based energy services firm RMEC Limited is rapidly expanding its workforce as the oil and gas sector shows signs of recovery.
Council leader John Alexander has hit back at suggestions Dundee's port will be ignored for oil and gas decommissioning works.
BP has been granted approval to develop the Vorlich Field in the North Sea, targeting 30 million barrels of oil equivalent.
The sales value of oil and gas produced in Scottish waters has risen by almost a fifth in the past year to around £20 billion, despite a dip in output.
Declining levels of investment by oil and gas firms led to a tough year for Fife engineering firm FTV Proclad International but there are signs of the sector recovering.
The North Sea is often presented as Scotland’s Klondike.
The UK operation of global oilfield services company Halliburton swung to a loss last year as rising costs impacted on the firm’s bottom line.
Dundee is set to benefit from the formation of a new engineering and technology group, which plans to create up to 1,000 new jobs across several UK locations.