Offshore & subsea - 16 February 2016

James Fisher Offshore, part of James Fisher and Sons plc, has stated the signing of a cooperation agreement with Aquatic Engineering & Construction Ltd.

Egil Haugsdal, current head of Kongsberg Oil & Gas Technologies has been appointed as President of Kongsberg Maritime.

Aker Solutions and Total agreed to collaborate on research and innovation to develop new cost-effective subsea field technology.

Tower Resources plc has provided the following update with regards to its interests in the SW Orange Basin Technical Co-operation Permit and the Algoa-Gamtoos Exploration Right offshore South Africa.

The results reinforce Kvaerner's already strong financial position and resilience against market conditions.

Nexans will provide power cabling to Samsung Heavy Industries for TOTAL’s Egina oil field FPSO platform.

Major oil producers (including Venezuela & Qatar) also agreed to freeze output at January 2016 levels.

Bhagwan Marine has announced it has completed a transaction to acquire Perth based company Delta Subsea.

ABB’s new Azipod D and energy storage solution to feature on two high tech specialised offshore vessels