Profits halved at TechnipFMC
TechnipFMC saw its profits halved in the third quarter of the year amid a series of pre-tax charges and “diverging trends” for its various business segments.
subsea
£16m subsea centre opened in East Kilbride
A new £16million subsea development centre has been opened in East Kilbride.
Tekmar announces £6.5million acquisition of Pipeshield International
Tekmar Group has signed a deal to buy fellow subsea technology firm Pipeshield International for £6.5million.
Scotland-Japan partnership invests £21m for next wave of subsea challenges
A partnership between Scotland and Japan will inject £21m into six projects designed to tackle the next wave of challenges in the subsea industry.
Ashtead Technology still on the acquisition trail
Global subsea equipment specialist Ashtead Technology is still on the acquisition trail after a flurry of deals since it changed hands three years ago.
Hydro Group hails defence contracts while subsea has ‘long, hard slog’ ahead
Hydro Group has hailed growth thanks to work in the defence sector but said the subsea industry it operates in still has a “long, hard slog” ahead.
Oceaneering unveils plans to consolidate Aberdeen operations with new base
Oceaneering has announced plans to consolidate its seven Aberdeen offices into a new location.
‘New perspectives’ as Subsea Expo 2020 looks beyond oil and gas
Next year’s Subsea Expo will be focussed on new opportunities across the underwater industry, “not just oil and gas and renewables”.
Major service company to retrain non-oil engineers for subsea roles
Energy services giant Subsea 7 is giving experienced engineers from all sectors the chance to forge a new career in the subsea industry.
‘We are winning’ says TechnipFMC boss as orders surge by 75%
TechnipFMC's chief executive has declared “we are winning” amid what he described as an “unprecedented” level of orders for the company.
Nautronix changes hands for second time in less than four years
Marine technology firm Nautronix has changed hands for the second time in less than four years.
Acteon takes on 177 Proserv workers in purchase of field tech business
Subsea firm Acteon has taken on 177 workers from Proserv amid an acquisition of its field technology services (FTS) business.
TechnipFMC announces major contract awards for Indian deepwater project
TechnipFMC has announced the award of a number of “significant” contracts for a deepwater project off the coast of India.
Prime Minister backs Aberdeen subsea engineering hub
Theresa May will today announce UK Government backing for a multi-million-pound Aberdeen underwater engineering hub to help the oil industry diversify into green energy.
Subsea consultancy announces 10 new Aberdeen jobs after £500,000 investment
A subsea consultancy has announced the creation of 10 new Aberdeen jobs after raising £500,000 from investors.
Subsea veteran appointed to head up new venture
Malin React, a newly launched arm of Malin Group, has appointed industry expert Graham Penman to head up its operation in Aberdeen.
Tekmar buys 80% of subsea consultancy – for £2
Engineering group Tekmar has acquired 80% of a renewables and subsea consultancy – for just £2.
Space and subsea sectors can work ‘hand in hand’ says Nasa
A Nasa engineer has said Scotland’s growing space sector can work “hand in hand” with the subsea industry.
Renewables imperative for subsea innovation
Back in the day – the late ’ 90s – a project called the Zero Surface Facilities Initiative was set up between a collection of operators and contractors known as the Atlantic Margin Joint Industry
North Sea tides powering growth for EC-OG
North Sea tides are powering growth and investment in an award-winning Aberdeen-headquartered firm, according to the company’s business development chief.
Subsea sector must end ‘master and servant mindset’
The UK’s £7.5 billion subsea sector needs to shed its “master and servant mindset”, an industry veteran said yesterday.
Future looks bright for global subsea engineering
Life is looking up on the subsea front.
Subsea guidelines show way
Two years ago, following fantastic collaborative efforts from 70 people in 31 companies, Oil & Gas UK’s Efficiency Task Force (ETF) team published the first Subsea Standardisation guidelines and the signs are they’ve been put to good use.
Agiletek announce £1m in contracts over bumper year
London-based subsea consultancy firm Agiletek has announced a bumper year increase in sales and clients, inking £1 million in new deals in 2018.
Rovop turns over almost £20m
Remotely-operated vehicle (ROV) company Rovop, of Westhill, Aberdeenshire, is celebrating bumper sales.