Subsea holds the key as TechnipFMC enjoys strongest quarter for orders
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.
subsea
Ocean Installer appoints veteran Gillespie as new UK boss
Ocean Installer has appointed industry veteran Bob Gillespie as its new UK managing director.
ROV finds Nazi warship torpedoed by British sub off Norway 80 years ago
A subsea cable inspection has uncovered a long-lost Nazi warship, attacked by a British submarine off Norway 80 years ago.
Energy recruitment firm diversifies into … dentistry
A north-east subsea and marine industry recruitment firm is drilling into a completely different sector as part of its diversification drive.
TechnipFMC posts £2.4billion losses for first half of 2020
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.
Neil Gordon: Let’s have some serious conversations about value
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.
Hiretech snaps up new offshore equipment as part of recent £600k investment
Aberdeen offshore rental firm Hiretech has announced it has acquired new equipment as part of a recent six figure investment in decommissioning equipment.
Aberdeenshire subsea firm Legasea targets new jobs and international expansion
New jobs are on the cards as an Aberdeenshire subsea equipment firm looks to international expansion, despite the Covid-19 pandemic.
Oceaneering puts 340 UK workers at risk of job cuts
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.
Offshore wind must mimic North Sea export ‘battles’ and ‘win them on a global stage’, Orsted boss says
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 north-east workers face redundancy at Schlumberger subsidiary
Scores of workers are facing redundancy at a subsea equipment firm in Aberdeenshire following a drop off in work.
Rovco stakes claim in Scotland with new appointments to executive team
An energy service ROV firm has staked its claim in Scotland with a number of executive hires across its business in Edinburgh.
Subsea 7 worker trapped in Ghana due to Covid-19 left in ‘dangerous situation’
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.
TechnipFMC inks multi-million deal with BP in Angola
French oilfield services firm TechnipFMC has announced a multi-million pound deal with BP in Angola.
Exclusive: Halliburton-TechnipFMC merger could spell ‘inevitable’ North Sea job losses
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.
Tekmar’s business hit by ‘unpredictable and rapid’ effects of coronavirus
Subsea engineering group Tekmar has been forced to rollback its hopes of “record” revenues in 2020 due to the effects of the coronavirus.
Aberdeen firm Namaka Subsea rises to surface thanks to global reach
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.
Ocean Installer appoints new chief executive
Subsea services firm Ocean Installer has appointed an industry veteran as its new chief executive.
New £1bn Caithness-Moray energy link hailed ‘critical’ in helping to fight climate change
A £1billion undersea energy cable to transmit renewable energy from the north of the Scotland to the rest of the country has been hailed as a “critical” part of the country’s fight on climate change.
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.
£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.