News listings

energy-pedia general news

United Kingdom flagUnited Kingdom

Europe / Caspian / CIS >>> United Kingdom

ASCO awarded contract extensions worth more than £20 million


19 Mar 2024

Photo - see caption

Aberdeen-headquartered logistics and materials management company, ASCO, has been granted a string of contract extensions accumulating to more than £20 million.

The start of 2024 has seen long-standing clients, Centrica Energy Storage, TotalEnergies and bp renew contracts with the logistics company; each lasting up to three years.

The logistics company has been appointed by industry supermajors bp and TotalEnergies to supply a fully integrated service to support each operator across the North East of Scotland. ASCO will leverage its service lines from quayside operations, materials management, ship agency, road transport, aviation and environmental services including Naturally Occurring Radioactive Material (NORMS).

Centrica Energy Storage Ltd has also re-appointed the logistics provider for support to its onshore and offshore operations, maintenance and project activities. Under its multi-million-pound contract, ASCO will manage services from multiple UK Centrica Energy Storage Ltd (CESL) facilities comprising manned and unmanned offshore platforms. The comprehensive suite of services being provided includes the management of warehousing, waste management and logistics services. ASCO will support CESL as they look to invest £1-£2bn over the coming decade to redevelop the Rough field and make it hydrogen ready, to support the energy transition.

Photo - see caption
ASCO awarded contract extensions worth more than £20 million

Photo: ASCO

Fraser Stewart, ASCO Chief Commercial Officer said: 'This trio of major contract extensions is testament to the high calibre of service we have provided to these three clients.

'Our proven track record, as well as industry knowledge and specialist service offering have gained ASCO a solid reputation for quality service that is both cost and time efficient. This has allowed us to develop a strong and trusted relationship with each of these clients. These partnerships demonstrate the value ASCO provides with our services in the UK energy sector.'

ASCO ensures smooth operations and management through its expert logistics capabilities, enabling clients to focus on their core tasks and objectives. Its ability to deliver efficient solutions makes it the ideal partner for clients navigating the complexities of projects in the energy industry.

These latest contracts follow reports of ASCO's commitment to substantial growth over the next five years with plans to expand domestically and internationally. This is after a strong year for the Aberdeen-headquartered business, which saw it win new clients, grow its range of services and sectoral support, and expand into new geographies.

Learn more about our logistics capabilities here.

Original announcement link

Source: ASCO





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 236

Completed Deals

Completed Upstream Deals: 6559

Company Profiles

Current Company Profiles: 2912

Corporate Activity

Current Corporate Activity articles: 4136

Companies Looking

Current number of articles: 466

Company Sales

Current Company Sales articles:1653

Geostudies

Current Geostudies articles: 964

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Syntillica
OPC
energy365
Telos NRG
Government of South Australia
Borchwix
Rose & Assocs
Merlin
Bayphase
Union Jack Oil 149
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com