Subsea 7 Takes Majority Stake in Floating Wind Tech Player
Offshore services firm Subsea 7 on Monday revealed has reached a deal to acquire a majority interest in the equity of Nautilus Floating Solutions S.L., a Bilbao, Spain-based developer of technology for the floating wind market.Nautilus has developed a concept for a floating wind foundation based on a semi-submersible steel structure that supports a centrally-placed wind turbine. Subsea 7 said it will provide technical expertise, and engineering and project management capabilities, to support the advancement of this design, and it is envisaged that the concept will be included in tenders for demonstrator
DeepOcean Invests in Deep-sea Mineral Mining Firm
DeepOcean, a provider of subsea services to the offshore energy industry, has agreed to invest and take a majority stake in ADEPTH Minerals, a company focused on sustainable exploration and extraction of marine minerals.ADEPTH was founded in Bergen, Norway in 2020 by an experienced team with complementary experience from geoscience and subsea operations.According to a press statement issued by DeepOcean on Monday, ADEPTH operates with the aim to deliver sustainable exploration and extraction of marine minerals through environmentally responsible marine operations using new, low carbon technology
Verdane Invests in Danelec Marine
Northern European growth equity investor Verdane Capital has taken a majority stake in the Denmark-based maritime hardware and software company Danelec Marine.Under the agreement, which was signed December 31, 2019, Verdane assumes a majority shareholder position in the privately held corporation. Danelec’s existing shareholders will continue to own shares in the company, and the management team, including CEO Hans Ottosen and COO Casper Jensen, will continue in their positions.Headquartered in Birkeroed, Denmark, Danelec Marine is a supplier of voyage data recorders (VDR), ship-to-sho
Helix Acquires STL
Houston-based services company Helix Energy Solutions Group, Inc. announced Thursday it has acquired a majority stake in Subsea Technologies Group Limited (STL), an Aberdeen-based subsea engineering company that specializes in the design and manufacture of world-class subsea pressure control equipment, including well intervention, well control and subsea control systems. Terms of the acquisition were not disclosed.Scotty Sparks, Executive Vice President and Chief Operating Officer of Helix, said, “This acquisition provides Helix with a significant opportunity to offer in-house engineering
MeeMaken Buys Into Blue Offshore
Venture capital company MeeMaken BV has acquired a majority stake in Dutch carousel and tensioner manufacturer Blue Offshore Group. Blue Offshore’s management team will maintain ownership of a minority of the company’s shares.Blue Offshore, headquartered in The Hague, the Netherlands, supplies basket carousels and tensioners for the offshore installation, transportation and storage of export cables, array cables, umbilicals and flexible pipelines in the offshore oil and gas industry, as well as the offshore renewable energy sector.MeeMaken, which has a large global network and a portfolio
Boskalis Acquires Horizon
Royal Boskalis Westminster N.V. (Boskalis) has acquired a 62.5% majority stake in the Horizon Group (Horizon) from the United Arab Emirates. Horizon's main activities include marine geophysical surveys and geotechnical services."Through this transaction, we are adding an important strategic position to our existing marine survey and subsea geotechnical business," said Peter Berdowski, CEO Boskalis. "Horizon is a market leader in the Middle East and we are committed to continuing and expanding the high quality of services they deliver to their clients. Furthermore, Horizon with its
Schlumberger to Acquire Majority Stake in Eurasia Drilling
Russia's Eurasia Drilling Company (EDC) said on Thursday it would sell a 51 percent stake in the company to the oilfield services provider, U.S.-based Schlumberger NV. The agreement is subject to approval by the Federal Antimonopoly Service of Russia (FAS), the company said. Financial terms of the deal were not disclosed since it is subject to approval. The agreement, if approved, would extend a strategic alliance with Schlumberger that dates to 2011, Eurasia added. EDC is an onshore and offshore drilling and well services contractor. EDC owns and operates one of the
Aker Solutions to Acquire Majority Stake in Brazil's C.S.E.
Aker Solutions agreed to buy 70 percent of Brazilian C.S.E. Mecânica e Instrumentação Ltda, with an option to purchase the remaining 30 percent of the company three years after the expected close of the transaction by the end of the first quarter of 2017. The acquisition gives Aker Solutions access to Brazil's market for servicing existing oil and gas fields. C.S.E., which had revenue of BRL 322 million in 2015, provides maintenance, assembly, commissioning and crane operation services at offshore and onshore facilities. "Aker Solutions has established a solid
MTR100: Global Marine Systems
research. In September 2014, Global Marine was acquired by HC2, marking the beginning of a new chapter for the business, bringing with it the opportunity to develop existing services and take the company’s capabilities to new markets around the world. In February 2016, Global Marine acquired a majority stake in offshore renewables specialist CWind, adding a diverse range of construction and O&M services to its current capabilities. Global Marine obtained recognition for its innovation and best practice in the field of engineering, receiving the Engineering Award at the International Business
February 2024
