Kraken Robotics Sees Strong Momentum Continuing
customers and has the best price/performance offering, says Reid. This is against a backdrop where existing Navy equipment is often dated, and a natural industry upgrade cycle is underway. This MCM renewal cycle is now being accelerated by challenging geopolitical situations across the globe (the Middle East, the Black Sea, the Baltic, China/Taiwan and other Asia-Pacific areas, and the Arctic).Most navies around the world are in various stages of planning and executing these upgrades with multiple significant tenders in the market or coming to market in the next 12-36 months. Kraken has worked hard
UCO Grows Saab Seaeye Falcon ROV Fleet
company, a provider of underwater services to the offshore energy, inspection, construction, and aquaculture markets, has expanded its fleet in response to major new multi-year contract wins across all sectors which will see it provide a range of services in Europe, North America and the Middle East.In addition, UCO has made significant investment in additional equipment and now holds a stock of £250,000 dedicated Saab Seaeye Falcon spares and more than £350,000 worth of auxiliary equipment ranging from manipulators to station holding and everything in between.UCO has enjoyed
GeoAcoustics Scoops First Major Order for Newly-Launched Sub-Bottom Profiler
Hydroacoustic sensor technology developer GeoAcoustics has secured a major order from MER-Subsea for its next-generation GeoPulse 2 Sub-Bottom Profiler, which was unveiled just last week.The order from GeoAcoustics’ established Middle East channel partner MER-Subsea will see the first 15 GeoPulse 2 systems exclusively delivered to end-customers across the region.“We are confident that the new capabilities of GeoPulse 2 will unlock more flexibility and efficiencies for MER-Subsea customers. The GeoAcoustics and GeoPulse names have been recognized for over 40 years as high quality and
The APAC Offshore Market: Riding the Wave of Success into 2024 and Beyond
period from 2015 onwards, early commitment from charterers is now key to securing the correct tonnage.In 2023, we witnessed a flurry of significant S&P transactions, hinting at a very busy second-hand market on the horizon where sellers have the upper hand. Demand from other regions such as the Middle East is also seeing an upswing, leading to strong S&P interest across the high-end APAC fleet.Turning our focus to specific regions, Australia is poised to become a significant market for decommissioning, with projections from the Center of Decommissioning Australia estimating a value of $40 billion
Jumbo Offshore Appoints Middle East Partner as it Eyes Regional Expansion
Dutch heavy lift shipping and offshore transport and installation contractor Jumbo Offshore has signed a memorandum of understanding (MoU) with Sea Horizon Offshore Marine Services, which will act as its representative in the Middle East region.Sea Horizon Offshore, with its broad network of local partners, will represent Jumbo Offshore to potential clients in the United Arab Emirates (UAE), Qatar, and Saudi Arabia.Its scope will also include commercial representation, supporting operations and providing project management on behalf of Jumbo Offshore during project execution in the region.The MoU
Expro Bolsters Well Construction and Intervention Offer with Coretrax Buy
which is expected to occur in the second quarter of 2024. The acquisition of Coretrax will enable Expro to expand its portfolio of technology-enabled well construction and well intervention and integrity solutions, particularly across the North and Latin America, Europe and Sub-Saharan Africa and Middle East and North Africa regions.Building on Coretrax’s successful 15-year history, the acquisition will accelerate the availability of the company’s high value-adding tools by leveraging Expro’s global operating footprint. Within well construction, the combination of Coretrax&rsquo
Partners Come Together to Preserve Marine Biodiversity at Khalifa Port
and migration areas, and when this is not possible, requires its ships to reduce speed to a maximum of 10 knots in certain areas recognized as whale breeding grounds.CMA CGM Group has also long been involved in biodiversity protection and restoration projects around the world, particularly in the Middle East. Aware of the importance of coral reefs for humanity, the Group is involved in a coral reef restoration project in the United Arab Emirates.Félix de Carpentier, Group Vice President - Sustainability, CMA CGM, said, "Preserving biodiversity is part of CMA CGM “Acting for Planet&rdquo
Azule Energy to Use FutureOn’s Digital Twin Software on Four Oil Projects
growth of oil production, which has increased year on year since 2021. We anticipate this contract – FutureOn’s first in West Africa – could create a ripple effect for further adoption of FieldTwin across the local supply chain,” said Andreas Hoel Gaarder, Vice President Middle East and Asia Pacific at FutureOn
Ashtead Technology Acquires ACE Winches
customer base.”Alfie Cheyne, Founder and Chairman of ACE Winches, said: “As well as creating a tremendous opportunity for our people, becoming part of Ashtead Technology will enable us to expand our existing capabilities and international footprint in key regions including the US and the Middle East where Ashtead Technology has an established local presence.&rdquo
February 2024
