Rovco will triple its workforce and launch a new subsea surveying system after securing a £1.2million investment.
Subsea engineering and training company Jee has moved offices in Aberdeenshire as it continues to grow and expand its workforce.
I was saddened to learn of the death of Ken Forrest who, in my days as energy minister, was head of the oil and gas division of what was then known as Trade Partners UK.
I don’t like spin. Never have and never will. Consequently I get really annoyed when people talk about the success of the UK subsea industry. Brits seem to have a thing about claiming ownership of something simply because it’s based here. It’s a bit like Ford motor cars. We – not me obviously – think of it as British because it’s been here since the 1930s or maybe earlier. It isn’t. It’s American. Always has been, always will be.
Aberdeen-based Xodus Group is undertaking an international study to determine the strength of the Scottish subsea market.
Subsea firm Rovco has announced that it has managed to secure Innovate UK funding to develop a 3D visualisation project as part of a potential £1million AI demonstrator venture.
The subsea sector is still clawing its way up from the bottom of the market curve, according industry veteran Neil Saunders
The Aberdeen-based Rotech group of businesses is carving out a niche for its subsea excavation business in the renewable-energy market.
The biggest subsea and drilling challenge is trying to strike a balance in capacity versus capability of the workforce, according to a GE Oil & Gas boss.
Exxon Mobile has been given consent to extend the lifetime of its Sigyn field activities.
Proserv has launched a new subsea sampling cylinder.
Major subsea player Emas Chiyoda (ECS) has filed for chapter 11 bankruptcy.
Energy service firm Subsea 7 has calculated that it could have saved more than £130,000 on a project if it had cut back on documentation.
Following Brexit and the continued stagnation of the oil and gas price, 2016 will long be remembered for all the wrong reasons. However, despite the rather gloomy past, 2017 is shaping up to be a far better year for the industry. With advancements in technology and testing, 2017 is set to see new, green shoots of growth return to the sector.
An Aberdeen-based subsea consultancy has secured a five-year contract with an established North Sea operator.
Bibby Offshore has shown renewed confidence in the North Sea by extending an exclusive charter for premier dive-support vessel Bibby Topaz.
It was during the 2016 Offshore Technology Conference in Houston that Energy broke the news that M2 Subsea was being put together to compete in the ROV (remotely operated vehicle) and related services marketplace.
Subsea UK is calling for British firms to broaden their horizons in a bid to sustain long term growth in the industry.
A UK and US based subsea service business has been given a multi-million pound private equity investment to acquire a fleet of ROVs from shipping firm Harkand.
Royal IHC said it will reduce its headcount by around 425 permanent and temporary contracts due to the continued decline in oil price.
Marine service company James Fisher and Sons said today it had completed another acquisition after tying up a £10million deal for Hughes Sub Surface Engineering.
IKM Subsea has won an ROV and subsea services contract with Statoil worth close to NOK750million.
Offshore pipeline installations in the North Sea are forecast to drop to a 35-year low this year as the decline in oil price hits the region's subsea industry.
Mermaid Maritime said it has been awarded a number of subsea contracts in the Middle East with a total worth of $11million.
Fugro has delivered a spectrum of services to BP Trinidad and Tobago to allow safer drilling and completion of five subsea wells in an area of strong currents.