Subsea news

The SubseaIntel tool has been substantially upgraded to help streamline and improve subsea intelligence-gathering and is being re-launched this week.

Subsea UK says that underwater engineering companies have the relevant products and manufacturing expertise, particularly in breathing apparatus and life support equipment, valves, and control systems, to support the UK in tackling the pandemic.

AeonX (Nigeria) has signed a partnership agreement with WFS to promote and deliver the full range of Seatooth products for asset integrity and flow assurance monitoring to existing and new clients in Nigeria.

The Gateshead firm has won the Mid-Market Management award at the British Private Equity & Venture Capital Association’s (BVCA) Management Team Awards.

Asso.subsea have taken delivery of an SMD Quasar 150hp 1000m rated ROV from SMD.

The company has announced a 30% reduction in 2020 CAPEX to US$300 million.

The company has said it has sufficient liquidity to weather the challenges of low commodity prices and the Covid-19 pandemic.

The project in the Mexican sector of the Gulf of Mexico is scheduled to commence in 3Q20 and will take approximately 60 days.

Unique Group will represent OTAQ Offshore's technology and products across the Middle East, APAC and the Americas.

The contract includes work for the Anchor project in the US Gulf of Mexico.