North-east subsea firm Rovop in ‘healthy position’ as it narrows losses
Subsea robotics firm Rovop is readying for an “extremely positive” future after delivering a solid set of 2021/22 financials.
Subsea
North Sea services company splits in two, nets over £200m of fresh backing
A leading North Sea contractor has split in two as it looks to maximise opportunities in different energy markets.
Ashtead Technology predicts 25% bump in revenues
Aberdeenshire-based Ashtead Technology (AIM: AT.) has predicted a 25% year-on-year bump in revenues for the first half of 2022.
Subsea firm Modus opens ‘state-of-the-art’ control room following £24m investment
A subsea services company based in the north-east of England has launched its new control room, the result of £24 million worth of investment.
Video: Tailwind sees Evelyn and Gannet E expansion projects in North Sea take shape
A video has been released showing work taking shape on the Tailwind Energy-operated Evelyn development and the Gannet E expansion project in the North Sea.
Kintore subsea firm to expand following more than £1m in contract wins
Subsea controls specialist J+S Subsea has reported an “excellent start” to the year, as new contracts worth more than £1 million prompt a recruitment drive.
RGU and Strathclyde Uni agree five-year subsea collaboration
Robert Gordon University (RGU) and the University of Strathclyde have signed a five-year agreement which will see them collaborate in supporting new postgraduate marine research and developing new technologies.
Royal Navy, BP, Ørsted execs among appointees to new Global Underwater Hub board
The Global Underwater Hub (GUH) has announced the makeup of its new ten-strong board, drawing on talent from across the energy and marine sectors.
Westwood Global – Western Europe subsea EPC spend in 2022 expected to hit highest level since 2013
Subsea engineering, procurement and construction (EPC) spend in Western Europe in 2022 is projected to reach its highest level in almost a decade.
Mocean Energy secures cash to accelerate development of Blue Star wave machine
Scottish wave power firm Mocean Energy has secured major new investment to accelerate the commercial rollout of its flagship technology.
Subsea 7 and FLASC secure funding for offshore energy storage technology
Subsea 7 and technology partner FLASC have been awarded a grant to advance an innovative offshore energy storage system.
Global Underwater Hub officially launches to support creation of 180,000 jobs
Global Underwater Hub (GUH) chief executive Neil Gordon has backed the UK's blue economy to grow exponentially in the coming years.
3,000 delegates expected as flagship subsea event returns to Aberdeen
Around 3,000 attendees are expected in Aberdeen this week as the Subsea Expo conference and exhibition returns, marking the first major in-person industry event for Aberdeen since the pandemic.
Subsea Expo 2022 to look across the underwater horizon
“You would like to think it was good planning,” joked Neil Gordon, chief executive of the Global Underwater Hub (GUH), “but I think it’s just fortunate that, at the moment, it looks as if everything has landed well for us.”
Ashtead Technology forecasting full year revenue increase of 30%
Ashtead Technology is forecasting a buoyant balance sheet after a “strong performance” in 2021.
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.