Subsea companies across the UK are reporting an improved outlook for the industry with fewer anticipated redundancies, greater optimism and new geographical markets.
Subsea UK is spearheading a drive to showcase the capabilities of, and opportunities for, the underwater engineering sector in the North-east of England.
Subsea UK chief executive Neil Gordon has said “only the brave” would make predictions about the sector’s future.
Its bold, it’s ambitious and it’s also been warmly received by most stakeholders including industry and even environmental groups. The UK Government’s 10 point plan covers clean energy, transport, nature and innovative technologies in its quest to create jobs and achieve net-zero by 2050.
A planned global underwater engineering hub in Aberdeen could be launched as early as next year after Westminster announced more than a million pounds worth of support.
Subsea engineering firms could beef up their research and development budgets with the help of a new practical support programme.
Organisers of Subsea Expo have opted to postpone the 2021 showcase due to the recent tightening of Covid-19 restrictions.
Subsea firms are being urged to consider “huge” opportunities in Scotland’s fast-growing aquaculture industry.
A snapshot survey of the UK’s £7.8 billion subsea supply chain has revealed smaller firms in the underwater engineering industry are cautiously optimistic about the next six to 12 months.
Opportunities for the UK’s underwater engineering industry to capitalise on the global “blue economy” will be the focus of next year’s Subsea Expo, in Aberdeen, it has been announced.
Europe’s largest underwater engineering event, Subsea Expo, is shaping up to what could be the sector’s first, large scale exhibition and conference following lockdown where delegates will be able to meet and network face to face.
In between the Teams and Zoom calls, which now fill our days, and the odd webinar or two, it’s becoming increasingly evident that the oil and gas industry needs to have some serious conversations about value.
Subsea technology and service firms could turn their backs on oil and gas work if customers keep heaping pressure on margins, an industry chief has warned.
Industry chiefs said the Scottish Government’s £62 million cash pledge to the energy sector was a nod to the “tremendous scale and potential” of subsea engineering and technology.
There is “hope” for a return of subsea project activity in UK waters next year and in 2022, a market analyst has said.
An industry leader has said he is "confident” of securing government backing for a sector deal and a global underwater "hub" in Aberdeen this year.
Subsea UK has invested in its market intelligence product, SubseaIntel, so that its members can access all the latest global opportunities when the economy starts to recover from the coronavirus pandemic.
We are truly in the eye of a perfect storm. The double whammy of coronavirus and the oil price collapse, just when the oil and gas industry was starting to recover, is going to be incredibly challenging to weather.
The UK’s underwater engineering industry is exploring ways in which it can transfer its expertise to help support the national effort to tackle the coronavirus pandemic.
An “interesting marriage” between North Sea oil majors and offshore wind companies is imminent and could electrify the basin, according to the man leading the charge in the north-east.
Subsea UK has teamed up with one of the world’s leading non-profit ocean protection organisations to promote and support initiatives to prevent pollution of our oceans.
Energy services group Hunting has snapped up an Aberdeenshire subsea oil and gas production technology company for £25.6 million.
Subsea Expo has celebrated its largest attendance on record after wrapping up the three-day event in Aberdeen.
A director has been appointed to spearhead a new, multi-million-pound Aberdeen centre for the research and development of pioneering subsea energy technologies.
Real headway is being made with establishing the UK’s proposed global underwater engineering hub, most likely next year but subject to adequate and significant funding being secured, including from the public purse.