Ashtead Technology forecasting full year revenue increase of 30%
Ashtead Technology is forecasting a buoyant balance sheet after a “strong performance” in 2021.
Subsea
Global Underwater Hub continues transformation with new appointments
The Global Underwater Hub (GUH) has announced a series of senior appointments to deliver its ambition of transforming the underwater industry in the UK.
Rovop forecasting bright future after accounts show strong performance
Remotely operated vehicle (ROV) specialist Rovop is forecasting continued growth after a “strong performance” this year.
Aberdeen subsea supplier launches new division with promise of jobs
A leading Aberdeen-based electrical and subsea supplier has continued its 40th anniversary celebrations with the creation of a new division.
EC-OG bulks up its board to support ‘crucial enabler of energy transition’
Subsea energy storage company EC-OG has appointed an experienced business leader to its board to help power the company’s growth.
Ashtead Technology enjoys solid debut on AIM market
Ashtead Technology enjoyed a solid debut on the London Stock Exchange’s AIM market yesterday.
Rovop marks 10th anniversary with £25m in contract wins
Subsea service firm Rovop said it is on a “strong growth trajectory” after securing contracts valued at £25million in the last six months.
Subsea 7 CFO to retire, Petrofac boss to take over
Energy services giant Subsea 7 has announced that its chief financial officer (CFO) will retire from his position at the end of the year.
Global Underwater Hub appoints industry heavy-hitter as first chairman
A new Global Underwater Hub (GUH) has appointed an “industry heavy-hitter” as its first chairman.
UK energy minister to highlight Global Underwater Hub in Aberdeen at Subsea Live
The UK’s energy minister has been booked to give the opening address at Subsea Live later this month.
Belmont Technology bridging the gap between data and decision
If necessity truly is the mother of invention, then the oil and gas industry has it down to a fine art.
Subsea UK signs MoU with TechWorks to counter shared challenges
Trade body Subsea UK has entered into a partnership with its counterpart in the electronics industry to unlock untapped opportunities.
Potential for use of wave energy in subsea operations to be explored in Aberdeen
Renewable energy could soon be used to run subsea oil and gas equipment as part of efforts to slash operational emissions.
What links America’s Cup racing sails and the energy transition?
It may seem an unlikely link but advances in racing sails have given a team of marine robotics experts at Innovo inspiration in their quest to help reduce carbon emissions from some vital energy industry activities.
Repsol Sinopec, Petrofac and TechnipFMC team up to offer quicker and cheaper tiebacks
A new alliance has been formed giving North Sea oil firms a quicker and cheaper means of developing their fields using platforms owned by Repsol Sinopec Resources UK (RSRUK).
Subsea UK survey reveals increased optimism in sector with fewer anticipated job losses
Subsea companies across the UK are reporting an improved outlook for the industry with fewer anticipated redundancies, greater optimism and new geographical markets.
Ashtead well positioned for growth despite Covid impact
Ashtead Technology’s boss said yesterday that the firm was “well positioned” for future growth despite the challenges thrown up by Covid-19.
Subsea chief says ‘only the brave’ would make predictions about the sector’s future
Subsea UK chief executive Neil Gordon has said “only the brave” would make predictions about the sector’s future.
Ashtead Technology appoints new CFO as part of ‘strategic growth plans’
Subsea services firm Ashtead Technology has announced an expansion to its management team as part of efforts to “cement its position” at the forefront of the global offshore energy market.
Support on offer for subsea firms looking for R&D funding
Subsea engineering firms could beef up their research and development budgets with the help of a new practical support programme.
Subsea firms pointed towards aquaculture as growing industry
Subsea firms are being urged to consider “huge” opportunities in Scotland’s fast-growing aquaculture industry.
£3.5m North of Tyne programme seeks offshore innovators
A new £3.5m offshore innovation programme has been launched today, primarily targeting supply chain companies located in the North of Tyne area with opportunities to fund and support technology innovation in the offshore wind and subsea sectors.
Private-equity backer’s exit options the same as they’ve always been, Zennor boss says
Zennor Petroleum’s boss has said the private-equity-backed oil and gas company is “sitting comfortably” in spite of the Covid-19 pandemic and commodity price drop.