South Tyneside Council has secured almost £500,000 to develop a manufacturing zone for the offshore energy sector. Coming from the UK Government’s Local Growth Fund through the North East Local Enterprise Partnership (LEP), the funding will be used to support high growth businesses in the advanced m
Reygar and CrewSmart are collaborating to provide an integrated system for High Speed Transfers’ (HST) crew transfer vessels (CTVs). According to HST COO Christopher Monan, HST has commissioned an integrated system to deliver complete oversight over its fleet and personnel compliance, as well as to
Ampelmann has signed a contract with offshore engineering and construction company McDermott for the provision of an Ampelmann system in India.
Underwater tech company OTAQ has appointed two key figures as it eyes to grow turnover to £50 million by 2025. Chris Hyde steps into the role of chief technical officer having filled the position of chief commercial officer since 2015. Furthermore, Maurice Coull has joined the marine technology comp
France’s GTT continues to win new orders and has secured a contract from two Korean shipyards for the tank design of six LNG carriers. The LNG containment specialist said Hyundai Heavy and Hyundai Samho are building the vessels on behalf of European and Asian shipowners. Furthermore, each vessel wil
Subsea equipment specialist Motive Offshore has reported a successful first half of the year, despite the effects of the global pandemic. In addition to completion of pre-COVID project awards, the company has won a number of contracts during the past five months. These awards should set to see the B
The Aberdeen-based subsea controls engineering division of SEA, a subsidiary of technology group Cohort, has undergone a management buyout as it looks to grow its core business in the North Sea. Since the divestment completed, the company has reverted to a new version of its original trading name, J
During the second quarter of this year, French container shipping major CMA CGM improved profitability in all its business activities despite challenges related to COVID-19.
PGS and Ocean Floor Geophysics (OFG) have signed an agreement under which OFG has acquired the exclusive rights to use the hardware, software and intellectual property associated with the PGS towed streamer CSEM system. Oslo-listed PGS receives shares in Canada-based OFG as settlement for the transa
Malaysian FPSO provider Yinson has contracted TMC Compressors to deliver a marine compressed air system to FPSO Anna Nery bound for the Marlim 2 oil field in the Campos Basin offshore Brazil.
French oil major Total has opted to resign from its role of operator for five exploration blocks, located in the Foz do Amazonas Basin offshore Brazil.
Australian offshore support vessel company MMA Offshore has secured vessel charter extensions with compatriot Woodside Energy.
Subsea and drilling services player Mermaid said that Mark Midgley has resigned from his position of chief operating officer. Midgley became COO of Mermaid in January 2018. In his most recent role, he was responsible for managing and overseeing the subsea services business of the company in South Ea
Offshore drilling contractor Borr Drilling has received its second continued listing standard warning from the New York Stock Exchange (NYSE) in a span of three months.
