Ithaca Energy said it anticipates that work on the final stages of the Stella development programme will be completed around the end of this month and enable start-up of production. According to the company, significant progress
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A recently formed subsea services business has secured a substantial injection of private equity investment to acquire a fleet of 32 best-in-class ROVs (remotely operated vehicles). A recently formed subsea services business has secured a
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Thales has announced that it will be taking space in the Marine Robotics Innovation Centre at the National Oceanography Centre (NOC) in Southampton to facilitate its ongoing partnership with the NOC on marine autonomy projects.
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Heerema Fabrication Group (HFG) has made a decision to implement a reorganization of the company due to poor market conditions in the oil and gas industry. As a result of the restructuring, an anticipated 450 of the
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AKVA Group has entered into an agreement with to purchase 66 percent of the shares in ROV and subsea technology company Sperre. The purchase price for the shares is based on an enterprise value of Sperre on a
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Balmoral Offshore Engineering, the Aberdeen-based provider of deepwater buoyancy, insulation and elastomer products, is constructing a new manufacturing facility, research and development laboratories and an industry-leading hydrostatic test centre at its Group HQ in Aberdeen.
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