Plans to remove support for oilfield technology and services exports wont necessarily inhibit supply chain growth, according to an industry expert.
The Asia Pacific region offers plenty of opportunities for the UK’s subsea engineering sector, both in the traditional oil and gas business, as well as the rapidly expanding renewable energy industry, reckons Subsea UK.
Plexus CEO Ben van Bilderbeek is weighing fundraising options to “extend the runway” for the business, which has been faced with years of losses but may now be on the verge of success.
A seafarers union has hit back at plans from Rever Offshore to continue an extended rota for workers which it claims is “unsafe”.
Subsea UK chief executive Neil Gordon has said “only the brave” would make predictions about the sector’s future.
A trade union boss has warned predictions that 8,000 jobs have been lost in the oil and gas sector due to the latest downturn are likely to be very conservative.
Scottish start-up Mocean Energy has raised £850,000 for a new technology to bring wave power to subsea oil and gas.
TechnipFMC enjoyed its strongest quarter of the year for new orders in the three months ended September 30, booking in $2.2 billion of new deals.
Ocean Installer has appointed industry veteran Bob Gillespie as its new UK managing director.
A subsea cable inspection has uncovered a long-lost Nazi warship, attacked by a British submarine off Norway 80 years ago.
A north-east subsea and marine industry recruitment firm is drilling into a completely different sector as part of its diversification drive.
TechnipFMC has recorded pre-tax losses of £2.4bn for the first half of 2020 thanks to heavy write-downs of its oil and gas assets.
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.
Aberdeen offshore rental firm Hiretech has announced it has acquired new equipment as part of a recent six figure investment in decommissioning equipment.
New jobs are on the cards as an Aberdeenshire subsea equipment firm looks to international expansion, despite the Covid-19 pandemic.
Oceaneering has put more than 300 UK workers at risk of redundancy less than three months after opening a brand new regional headquarters in Aberdeen.
Orsted’s UK boss last night called on the country’s offshore wind sector to pick export “battles” like to the North Sea oil and gas industry and “win them on a global stage”.
Scores of workers are facing redundancy at a subsea equipment firm in Aberdeenshire following a drop off in work.
An energy service ROV firm has staked its claim in Scotland with a number of executive hires across its business in Edinburgh.
An offshore worker trapped in Ghana has accused bosses of placing him in a “dangerous situation” and not acting quickly enough to get him home to his disabled son.
French oilfield services firm TechnipFMC has announced a multi-million pound deal with BP in Angola.
North-east job losses are thought to be “inevitable” if a potential merger involving two offshore giants takes place, a union boss warned last night.
Subsea engineering group Tekmar has been forced to rollback its hopes of “record” revenues in 2020 due to the effects of the coronavirus.
Forged in the bitter winds of the 2014 North Sea oil downturn, Namaka Subsea has built itself up from a two-man Aberdeen operation to a 20-strong team spread across three global offices.
Subsea services firm Ocean Installer has appointed an industry veteran as its new chief executive.