UK Subsea Robotics Firm SMD Sets Sights on Exceeding £100m Turnover in Five Years
24/7 to repair and maintain the vehicles. Mike Jones, Chairman at SMDCredit: Mike Smith Photography."Given the challenging conditions in the emerging territory, this was vital in reducing downtime ensuring the project was completed within the client’s operational timescales, SMD said.Liam Forbes, general manager of services at SMD, explained: “We have listened to our clients and it’s very clear that they value the assurance working with the OEM can offer. They increasingly want our help to repair, modify and maintain their equipment. The three year arrangement we have with Van
GEOxyz Opens US Office
, CEO of GEOxyz. "We have extensive experience in offshore surveying and we are eager to provide our services to support the development of new offshore wind farms on the East Coast."The new office will serve as GEOxyz's US headquarters and will be led by vice president U.S., Douglas Forbes, and director U.S., Leeron Tagger. The office will enable GEOxyz to provide its survey services closer to clients working in the U.S. region and establishing new connections with local representatives
Australian Mining Magnate Calls for Ban on Seabed Mining
to the practice.Alternatives, such as more efficient mining methods and recycling of existing metals, should be explored before seabed mining goes ahead, Forrest said.Forrest, nicknamed "Twiggy", is Australia's second-richest person, with a net worth of around $17.8 billion according to Forbes.The iron ore magnate plans to turn Fortescue into the world's biggest green energy group and has previously called on rivals to speed up their energy transition and use green hydrogen.(Reuters - Reporting by Helen Reid and Melanie Burton, Editing by Amran Abocar and Raissa Kasolowsky
Van Oord, SMD Ink Parts and Services Framework Agreement
"radically change the way traditional customers, vendors and original equipment manufacturers (OEMs) work together", SMD said in a press release on Monday. "This step change into framework agreements is the beginning of a new service-led approach to complement its core business."Liam Forbes, general manager of services at SMD, said, "Van Oord is one of the most progressive businesses we have had the pleasure of working with, it understands the need to think outside the box in order to stay ahead of the curve."Rob Eddon, key account manager at SMD, said, "The three year
This Underwater Base Could Become the ISS of the Ocean
only accommodate six people — Cousteau plans for Proteus to be 4,000 square feet, with living quarters for 12.Those researchers will have access to a laboratory, a medical bay, and even a hydroponic greenhouse where they can grow fresh food — assuming Proteus comes to fruition.Cousteau told Forbes he expects it'll take three years and $135 million to build the underwater base 60 feet below the surface of the Caribbean Sea, just off the coast of Curaçao.If he can raise the money to do that, the facility will then cost about $3 million per year to run, but he anticipates renting space
Priestley Joins WFS Technologies
Oilfield event in Aberdeen, and the International IoT and Digital Transformation for Oil & Gas conference to be held in Amsterdam in June.Widely recognized as a thought leader and evangelist on emerging technologies, Preistly has written more than 100 articles for publications including WIRED, Forbes, Venturebeat, Huffington Post, The European, as well as provided commentary for BBC Radio and UK national television.Priestley has been a former vice president at global software companies, SAP and Software AG, and a mentor for startup accelerators including HTC Vive X.His appointment is the third
USVs Secure Offshore Oil and Gas Infrastructure
; regarding America’s increased energy production has focused on onshore fracking, which has opened up billions of barrels of oil and trillions of cubic feet of natural gas to production, the offshore oil and gas industry continued to provide a huge amount of the U.S. energy production. According to Forbes Magazine, offshore energy production has been increasing this decade and now stands at over two-and-one-half million barrels of oil, and almost three trillion cubic feet of gas a day.This massive production effort is sustained by offshore drilling rigs, primarily in the Gulf of Mexico. And while
Fall from Grace: Batista Gets 30-Years for Corruption
on insider information about shipbuilding company OSX Brasil.Tuesday's ruling was the sixth corruption conviction for Cabral, who has been sentenced to over 120 years.Six years ago, Batista, 61, had a net worth exceeding $30 billion and ranked among the world's 10 richest people, according to Forbes magazine, and he had declared he would soon top the list.He sat atop EBX, then one of the world's most expansive industrial conglomerates, with units ranging from oil and shipping to entertainment and beauty care.However, Batista made massive bets on offshore oil plays that did not pan out and
Ithaca Energy Completes RBL Redetermination
the RBL redetermination process the Company’s available bank debt capacity is over $430 million prior to Stella start-up. When combined with its $300 million senior unsecured notes this takes available debt to over $730 million, providing funding headroom in excess of $100 million. Graham Forbes, Chief Financial Officer, commented: “We are pleased to have efficiently completed the planned RBL redetermination process, reaffirming Ithaca’s robust financial position and ensuring continued financial flexibility to manage future risks and opportunities.” Further Information
February 2024
