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200 oil projects that could increase output and profits by adopting tech

200 oil projects that could increase output and profits by adopting tech   Rystad Energy highlighted the potential for subsea boosting, identifying over 200 projects globally where the technology could make an immediate impact by increasing production profitably. Rystad Energy's Subsea Processing Screening Tool – a dashboard that analyses the different components of subsea...

Wealth of opportunities awaits subsea companies In Asia-pacific

Wealth of opportunities awaits subsea companies In Asia-pacific   Despite the impact of Covid-19, the Asia-Pacific region continues to provide a wealth of opportunities for the UK’s subsea engineering sector, both in traditional oil & gas and in the growing renewables energy industry. A new summary  of activity compiled by Subsea UK shows, that despite the challenges, discoveries continue to be made across the region and exciting new projects across all energy sector...

Subsea Consultancy signs agreement with Aberdeen based developers

Subsea Consultancy signs agreement with Aberdeen based developers   Namaka Subsea, a subsea consultancy firm and global subject matter expert in subsea operations, has signed an agreement with Aberdeen based software development firm DEV4 Online Ltd. Namaka Subsea are delighted to partner with DEV4 as their preferred software supplier following the successful development of their Diving Content Management System, NAMS – Namaka Asset Management System. The system provides a cl...

Offshore renewables represents billions of pounds of opportunity for UK businesses

Offshore renewables represents billions of pounds of opportunity for UK businesses   Offshore renewables present a multi-billion-pound opportunity for UK  businesses, but experts claim many do not have sufficient knowledge of the emerging industry to be able to capitalise on these. The University of Strathclyde, the National Subsea Research Initiative (NSRI) and industry body, Subsea UK, believe that businesses in the UK must have a greater understanding of the sector in order...

One giant leap for STR

One giant leap for STR   Subsea Technology & Rentals (STR) are delighted to announce the launch of its Americas Entity ‘Subsea Technology & Rentals Inc.’ based in Houston, Texas. This strategic expansion is being driven by STR’s Board of Directors, following the recent success of our International expansions in Australia and Singapore. Scott Johnstone, Group Managing Director said, “We are delighted to announce the launch of STR in the Americas which...

Survey Reveals Improved Outlook for UK’s £8billion Underwater Engineering Industry

Survey Reveals Improved Outlook for UK’s £8billion Underwater Engineering Industry   A snapshot survey of the UK’s supply chain has revealed an improved outlook for the industry with less anticipated redundancies, greater optimism and new geographical markets. Industry body, Subsea UK, surveyed its 300 members in early July and then again in late November 2020 to provide evidence-based insight into how the supply chain was faring in the midst of the public health...

Subsea UK review and look ahead

Subsea UK review and look ahead   It goes without saying that this has been a year like no other. The decade started on a positive note with the bi-annual Subsea Business Activity Review, published in January, showing that the industry was making headway after the challenges of a prolonged downturn. The total value of UK subsea output in the 2019 fiscal year was £7.8billion, an increase on the 2017 figure of £7.5 billion and there were promising signs of rising recruitm...

Rotech Subsea secures 2nd phase cable trenching contract at Taiwan OWF & is contracted to supply additional spread of equipment for new campaign

Rotech Subsea secures 2nd phase cable trenching contract at Taiwan OWF & is contracted to supply additional spread of equipment for new campaign   Subsea trenching and excavation pioneer, Rotech Subsea, has secured a contract for a second phase of vital infrastructure works at a state-owned wind farm in offshore Taiwan - and at the same time has secured a commission to supply an additional spread of equipment for a wholly new campaign for the same client which will run concurrentl...

New Underwater Robotics Award Announced At SUT’s AGM

New Underwater Robotics Award Announced At SUT’s AGM   The new Gwyn Griffiths Underwater Robotics Award was one of the announcements made at The Society for Underwater Technology’s (SUT’s) Annual General Meeting by the new President of Council, Judith Patten MBE. “SUT’s International Panel on Underwater Robotics is honoured to announce the creation of the Gwyn Griffiths Underwater Robotics Award (GGURA). The award recognises people in the early to mid-...

Baker Hughes launches engageSubsea for remote HSE inspections

Baker Hughes launches engageSubsea for remote HSE inspections   Baker Hughes announced the successful launch of the engageSubsea remote – an extension of the engageSubsea platform. The engageSubsea remote serves as an equipment inspection tool, support and management platform, and is designed to drive operational excellence and increase capital productivity for offshore oil and gas operators. Operators are under increasing pressure to cut costs and reduce rig time, whilst imp...

Subsea UK to postpone Subsea Expo in light of current COVID restrictions

Subsea UK to postpone Subsea Expo in light of current COVID restrictions   The world’s largest underwater engineering event - Subsea Expo - which was shaping up to be the sector’s first post-pandemic, large scale physical event, is to be postponed due to the current coronavirus-imposed restrictions. Organisers, Subsea UK, announced today that the three-day conference and exhibition, along with the annual Subsea Awards dinner, will now take place on 25-27 May 2021. Ne...

Drawing the line: could the subsea industry turn away from oil and gas?

Drawing the line: could the subsea industry turn away from oil and gas?   External and internal pressures on the oil and gas industry have soured relations with the subsea sector, those responsible for providing critical hardware for oil and gas operations. With new opportunities for subsea companies outside of their traditional investments, we consider the future of the relationship between the oil and gas and subsea sectors. At a glance, the global oil and gas industry could be...

Snapshot Survey of £7.8billion Subsea Supply Chain Reveals Cautious Optimism among SMEs

Snapshot Survey of £7.8billion Subsea Supply Chain Reveals Cautious Optimism among SMEs   A snapshot survey of the UK’s £7.8billion subsea supply chain has revealed that SME’s operating in the underwater engineering industry are cautiously optimistic about the next six to twelve months. Industry body, Subsea UK, recently surveyed its smaller member companies to find out how they were dealing with the fall-out from COVID-19. Almost 75% of respondents do no...

Subsea construction begins at Seagull project

Subsea construction begins at Seagull project   Neptune Energy and its joint venture (JV) partners BP and JAPEX have announced the beginning of the subsea construction phase of the Seagull tie-back project. TechnipFMC, working under the Neptune Energy Alliance Agreement, has deployed the Apache II pipelay vessel to start the pipe-in-pipe installation, laying approximately 5 km of pipe connecting the Egret manifold to the Seagull development. Neptune Energy’s UK Managing Di...

Subsea Expo 2021 Confirmed for February 2021 as Call for Papers Opens

Subsea Expo 2021 Confirmed for February 2021 as Call for Papers Opens   Europe’s largest underwater engineering event, Subsea Expo, is shaping up to what could be the sector’s first post-pandemic, large scale event where delegates will be able to meet and network in person. More than a third of the exhibition floor space has already been booked for Subsea UK’s annual three-day exhibition, conference and awards dinner. Approaching its 16th year, the show will be...

Commercialisation of technology is key to growth of the global blue economy

Commercialisation of technology is key to growth of the global blue economy   The UK has an unrivalled track record of technological innovation, but ideas frequently fail between invention and commercialisation. To help cross this chasm, the National Subsea Research Institute (NSRI) has developed a tool which provides a clear indication of the potential commercial viability of early stage technology in the subsea industry, supporting technology and innovation developers, funding organ...

Subsea 7 announces cost reduction measures

Subsea 7 announces cost reduction measures   Subsea 7 issued further details of the cost reduction programme, following initial guidance provided on 30 April. It is envisaged that the overall reduction in headcount would be approximately 3,000 from the global workforce of 12,000, by the end of the second quarter 2021.  It is anticipated that two-thirds of the reduction would affect the non-permanent workforce and one-third of the reduction would affect permanent employees. Dis...

WFS Technologies wins two OTC awards for subsea work

WFS Technologies wins two OTC awards for subsea work   WFS Technologies has been awarded two accolades by the organisers of the Offshore Technology Conference (OTC) during what would have been their annual flagship conference in Houston, Texas, US. WFS won the Small Business Spotlight on New Technology® Award for both its Seatooth SmartClamp and its Subsea Cloud Computing Network innovations – the only company to win two OTC 2020 awards and notching up the firm’s to...

IMCA announces successful launch of diving CPD scheme

IMCA announces successful launch of diving CPD scheme   The International Marine Contractors Association (IMCA) has announced the successful launch of its App-based continuing professional development (CPD) scheme for diving supervisors. The App incorporates the latest in training techniques to support diving supervisors in keeping up to date with current information and guidelines from IMCA. The scheme went live in early April with 250 diving supervisors who had pre-registered...

Rotech Subsea assumes contractor role for Walney OWF cable burial scope

Rotech Subsea assumes contractor role for Walney OWF cable burial scope   Rotech Subsea has successfully completed a significant cable burial scope at the Walney Offshore Wind Farm for green energy giant, Ørsted. The excavation and trenching specialist took on responsibility for all operations for the project, from chartering the vessel to contracting all relevant parties required, with the trenching project successfully wrapping up in late 2019. Rotech Subsea - which design...
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