It was an interesting year for deal-making in 2019, despite political and economic challenges.
Subsea Expo 2020, set to be the biggest in the event’s 15-year history, has today announced its programme of speakers for the conference which will see 70 industry professionals take to the stage at P&J Live on 11-13 February 2020.
Global subsea equipment specialist Ashtead Technology is still on the acquisition trail after a flurry of deals since it changed hands three years ago.
Subsea service firm Ashtead Technology has continued its hot streak of acquisitions with the takeover of a north-east contractor.
Aberdeenshire-headquartered subsea service firm Ashtead Technology has invested £1.5 million in a new base in Houston as part of its international expansion drive.
Ashtead Technology has taken over a Louisiana-based energy services firm as part of its US expansion plans.
Ashtead Technology has joined forces with 4Subsea to help beef up its inspection, maintenance and repair services.
Global subsea equipment specialist Ashtead Technology said yesterday its recent merger had taken it to a higher level after a year-on-year improvement in financial performance.
A former vice president with Subsea 7 has been announced as Ashtead Technology's corporate development director, based in Westhill, near Aberdeen.
Subsea Expo 2018 has been hailed as a big success by exhibitors and delegates, with some noting the palpable sense of a North Sea recovery in the air.
Ashtead Technology’s boss has said a link-up with a rival rentals business is unlikely to end the firm's hunt for mergers and acquisitions.
Ashtead Technology said today that it had completed its merger with the subsea rentals business of Forum Energy Technologies (FET).
Two subsea equipment and service businesses said today that they had agreed to join forces as they target market domination.
Ashtead Technology is forecasting improved trading this year after a “solid” performance in a weakened market in 2016.
Scottish bus and rail tycoon Brian Souter has emerged as a key investor in a North Sea firm alongside a Saudi investment bank.
Aberdeenshire subsea service company Ashtead Technology has added a new piece of equipment to its rental pool.
A new piece of kit developed by Aberdeenshire subsea service company Ashtead Technology has been put to work on BP’s Quad 204 project.
Aberdeenshire subsea service company Ashtead Technology has posted increases in profits and turnover for its last full financial year before changing ownership. A week ago, the Westhill-based firm announced a majority stake in the business had been acquired by Arab Petroleum Investments Corporation (Apicorp) and its London-based venture capital partner, Buckthorn, for an undisclosed fee. Ashtead, which employs 75 people in Aberdeen, London, Houston and Singapore, with agents in Abu Dhabi, Perth and Stavanger, said the investment would help the firm expand its geographical reach, with the Middle East being a particular area of interest and focus.
When the HMAS Sydney was sunk during WWII by what should have been a weaker German cruiser, all 645 of its crewmen perished, taking the explanation for the disaster to their watery graves. But nearly 70 years on, an Aberdeenshire subsea technology company has played a “key role” in solving the mystery surrounding the sinking of the ship, which lay undiscovered off the western Australian coast until 2008. Ashtead Technology yesterday said it donated equipment to the survey team after being sounded out by international subsea firm DOF Subsea earlier this year.
Ashtead Technology, which celebrates 30 years in business this year, has won a new contract with FUGRO. The company made the announcement as Subsea Expo kicks off in Aberdeen for three days. The award means Ashtead will be a preferred supplier of subsea rental equipment and associated services around the world.