Subsea companies across the UK are reporting an improved outlook for the industry with fewer anticipated redundancies, greater optimism and new geographical markets.
Ashtead Technology’s boss said yesterday that the firm was “well positioned” for future growth despite the challenges thrown up by Covid-19.
Subsea UK chief executive Neil Gordon has said “only the brave” would make predictions about the sector’s future.
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.
Subsea engineering firms could beef up their research and development budgets with the help of a new practical support programme.
Subsea firms are being urged to consider “huge” opportunities in Scotland’s fast-growing aquaculture industry.
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.
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.