Aberdeen’s North Star wins £100m N Sea contracts

North Star CEO Matthew Gordon

Aberdeen-based North Star said it has been awarded new contracts worth more than £100 million to support new and existing clients in the UK Continental Shelf with its fast-response emergency fleet which was purpose built to protect personnel working on offshore oil and gas platforms.

Last month, Swiss private markets firm Partners Group agreed to acquire North Star from Basalt Infrastructure Partners.

“With additional year charter options, this marks North Star’s most sizeable emergency response rescue vessel (ERRV) orderbook in recent years,” said North Star.

The company is the North Sea’s largest emergency response vessel operator.

North Star CEO Matthew Gordon said: “Winning these significant ERRV contracts worth £100 million demonstrates the industry’s ongoing confidence in our highly effective and reliable fleet which continues to provide a safe place in case of an incident for the thousands of people working out at sea on oil and gas assets every hour of every day, solidly across the year.

“North Star has supported the offshore energy sector for the past 40 years and we have an unrivalled expertise and high quality ERRV fleet.

“I’m proud to say that we have never left any client’s offshore workforce unsupported, ensuring there is always a vessel on standby to enable any crew changes, help to replenish stores on the installation, or support regular maintenance.

“The North Sea is still a very competitive landscape, and we recognise the need for continual investment in our fleet and services to ensure we deliver value and efficiencies to remain market leading.

“As part of this, we have looked to optimise our operations with a new maritime fleet management system and begun the process of decarbonising our entire fleet …

“The offshore wind sector is on an upwards trajectory across Europe, and we are in a very strong position to capitalise on our growing momentum to secure further new business in this sector.

“At the same time, we remain focused on ensuring we deliver the same high standard of services and support our North Sea operator clients are accustomed to.”

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Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.