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Home Business Scotland business

ATR and Neptune invest in life beyond lower-for-longer oil prices

By Keith Findlay
ATR Lifting Solutions divisional director Findlay Moir
ATR Lifting Solutions divisional director Findlay Moir

Energy service companies ATR Group and Neptune Marine Services both announced key investments yesterday as they gear up for growth after the oil price slump.

Aberdeen-based ATR, which specialises in the rental, sale and inspection of equipment to the petrochemical, marine, subsea and offshore oil and gas industries, said it was spending a six figure sum on developing capabilities which will see in-house employees delivering new rope access services and non-destructive testing (NDT) services.

According to a recent report, the global NDT market was worth more than £10billion in 2015 and the figure is expected to soar to more than $15billion by 2002.

For the full story visit our sister site Energy Voice.