Fugro Cuts More Jobs, Shifts Focus to Different Business Segments
interest, taxes (EBIT) margin, while analysts had expected 5.8%, according to a company-compiled consensus prior to the profit warning.The group, however, maintained its annual EBIT margin target of 11% to 15%, as it cuts costs and redeploys capacity in other regions, such as South America or the Middle East, and business segments.It notably plans to expand in the critical minerals market and to remain active in the U.S. in other sectors such as oil and gas or data centre development, group CEO Mark Heine said in a call with journalists.Fugro said earlier this month it started reducing its U.S. workforce
OPT Bags WAM-V Order from European Offshore Services Provider
, are continuing to drive interest in our systems.“We continue to convert pipeline to backlog and deliver further growth. We look forward to future deliveries and additional opportunities to deploy our assets to our customer base here in the United States and to our partners in Latin America, the Middle East, and now also to the European Union, and other allied nations,” said Philipp Stratmann, CEO and President of OPT
MacArtney Opens UAE Hub
, both locally and globally, supported by a dedicated network of distributors.Sales Director Steen Frejo, overseeing the start-up, said: "We are committed to enhancing our regional presence and accessibility. The new office in Dubai is a significant step in our strategy to expand sales in the Middle East. This move was also complemented by the appointment of Saurabh Sharma as Regional Sales Manager in India in 2021. We see substantial growth potential in the MENA region, and our presence here will allow us to serve our clients better and explore new opportunities."The plan is to eventually
MacArtney Group Celebrates a Year of Growth, Innovation, and Momentum
in all key segments: Marine and Offshore, Ocean Science, Naval, and Offshore Wind. A key aspect of MacArtney's expansion strategy is its global presence. The company operates 20 strategically located offices across the Asia-Pacific, Europe, and the Americas. The next step is establishing a new Middle East operation in Dubai to foster regional advancement and client development. Additionally, last year, MacArtney moved into new facilities in Canada and Australia to ensure capacity for future growth.Even with reduced market predictability due to continued geopolitical changes and economic uncertainties
Global Gravity Names New CEO
CEO role at Global Gravity on January 1, 2025, previously serving as COO.The company developed patented TubeLock system for handling offshore pipes, casing, and tubing, significantly increasing revenue and expanding its global presence.Global Gravity has expanded into multiple markets in Europe, the Middle East, Australia, New Zealand, and Guyana, with plans to enter Brazil soon.Rasmussen has been instrumental in this process, driving awareness of the patented TubeLock system, which was launched in 2010 as the world’s first Tubular Transport Running System (TTRS).The system revolutionizes offshore
Tech in Focus: MiniSpector's Mini-ROV System
MCS Group’s 10 MiniSpector Mini-ROV systems successfully completed subsea inspection and survey projects across Southeast Asia, the Middle East, and North Africa in 2024.In 2024, the MiniSpector fleet carried out platform-based inspections on 19 platforms, deployed directly from platform facilities in Malaysia, Egypt, and Qatar, with inspections in Qatar focusing on flare platforms without requiring shutdowns.Showcasing its innovative capabilities, the MiniSpector completed a 40-day high-pressure water jet cleaning project in the Red Sea for a major Middle Eastern client.Operating at 1200 bar
Fugro to Perform Fully Remote Subsea Surveys for Petrobras Off Brazil
Essence uncrewed surface vessel (USV) and Blue Volta electric remotely operated vehicle (eROV) technology to enhance inspection safety, efficiency, and sustainability.The contract marks Fugro’s first use of this equipment in the Americas, following successful applications in Australia, U.K., and Middle East.By eliminating the need for on-site personnel, the uncrewed solution reduces carbon emissions by 95% and significantly lowers the risks associated with traditional offshore operations, according to Fugro.It also provides clients with near real-time access to project data, to accelerate decision-making
Fincantieri, Sparkle Join Forces for Subsea Cables Protection
and the increasing dependence on these strategic infrastructures. This collaboration strengthens Fincantieri's position as a key player in the global market for underwater technological innovation.With a proprietary fiber-optic network stretching more than 600,000 km across Europe, Africa, the Middle East, the Americas and Asia, of which 90% is laid on submarine cables, Sparkle has always been committed to the protection of these strategic infrastructures - fundamental to the country's socioeconomic development and security - through their constant monitoring and the introduction of the most
Fugro Names Annabelle Vos Director for Middle East & India
Fugro’s Board of Management has appointed Annabelle Vos as Group Director for the Middle East & India, effective January 1, 2025.Vos has been part of the Fugro family since 2016, when she joined as General Counsel and Chief Compliance Officer. Prior to joining Fugro, Vos worked in private practice for 11 years at De Brauw Blackstone Westbroek, a tier-one law firm in the Netherlands, in their M&A and corporate litigation practice groups. Vos holds a Master of Law degree from Leiden University and a Master of Arts degree in International Relations and International Economics from Johns
February 2025
