Kraken Robotics Launches SAS Service for Offshore Energy Market
Canadian marine technology company Kraken Robotics is launching a synthetic aperture sonar (SAS) service for the global offshore energy market.Kraken’s commercial services team will have dedicated KATFISH towed SAS systems available for rental starting July 2025.Kraken’s KATFISH towed SAS debuted as a product seven years ago. Since then, it has been utilized around the world for applications ranging from mine countermeasure operations to critical underwater infrastructure inspection and harbor survey.The system offers real-time 3 cm by 3 cm resolution with a range of up to 200 meters per
Ashtead Technology Buys Two Acteon's Firms in $82M Deal
Subsea for $81.5 million.The latest acquisition will further expand Ashtead Technology’s capabilities in the global survey and robotics rental market.Seatronics and J2 have operations in Singapore, UAE, UK and US, providing subsea electronics and tooling products and services to the global offshore energy market.Together they support the installation, inspection, maintenance and repair, and decommissioning of subsea oil and gas and renewable energy infrastructure“Seatronics and J2 are businesses we have known for a long time. With our most recent acquisitions focusing on expanding our mechanical
Venterra Acquires Subsea Energy Services Provider Oceanscan
Offshore wind service business Venterra Group has acquired Oceanscan Holdings, a group of companies that provide subsea and non-destructive test equipment, geotechnical services and specialist personnel to the offshore energy market.Oceanscan is highly complementary to Venterra’s service lines, particularly within its geoscience and survey teams, which are underpinned by the expertise of its companies - Ordtek, Partrac and Gavin & Doherty Geosolutions (GDG).Founded in 1989, Oceanscan is headquartered in Aberdeen with overseas subsidiaries in Houston and Singapore. Oceanscan Holdings Limited
OPT Teams Up with Brazilin Institute for Autonomous Ocean Developments
Generation PowerBuoys equipped with AI capable Merrows.The agreement follows recent discussions between SENAI and OPT in Brazil."As we continue our growth, we are excited to partner with SENAI to explore supporting the development and deployment of ocean technologies into Brazil.“The offshore energy market in Brazil continues to grow and we believe our PowerBuoys and WAM-V unmanned surface vehicles provide the next generation of operators the solutions to generate offshore energy more effectively and efficiently,” said Philipp Stratmann, CEO and President of OPT
Kraken Robotics Reports Revenue Jump
the year-ago quarter. During the quarter, we strengthened our balance sheet with a $20 million equity financing and $45 million of new committed credit facilities. The demand environment for our technology solutions has never been better and the opportunities we are seeing in both our defense and offshore energy markets continues to grow,” said Kraken President and CEO Greg Reid.Kraken says that industry demand signals are solid with an increasing focus on the surveillance and security of critical underwater infrastructure and subsea warfare driven by increased geopolitical tensions. Against this
Balmoral Comtec Expands Workforce Following Rosebank Win
Balmoral Comtec, a Balmoral Group company and provider of buoyancy, protection and insulation services to the global offshore energy market, has secured a multi-million-pound contract from TechnipFMC to supply more than 600 buoyancy modules for Equinor’s Rosebank project. This contract award is already supporting the recruitment of over 50 new employees at its Aberdeen base.Balmoral Comtec will provide engineering, design and manufacture of buoyancy modules from its base in Aberdeen, Scotland. The modules will be installed on flexible risers and umbilicals. Gary Yeoman, Sales Director at
Saipem and Fincantieri Form Subsea Alliance
and commercialized resident autonomous subsea drones for intervention and inspection activities at depths of up to 3,000 m.Designed and industrialized between Marghera (Venice) and Trieste, they have already been deployed for the control and maintenance of underwater infrastructure in the offshore energy market at the service of major energy companies.Fincantieri has placed itself at the centre of development program in the underwater sector, with extremely promising business opportunities, also thanks to its ability to guide an effective integration between the defence and civil industries. Since
Ulstein Introduces New Subsea Vessel for Offshore Energy Market
Norwegian shipbuilder and ship designer Ulstein has developed a new subsea vessel - ULSTEIN SX232 – designed to service the offshore wind market for floating and fixed installations as well as offshore oil and gas industry.Designed for walk-to-work operations in the offshore energy market, the ULSTEIN SX232 features an optimizes hull based on the ULSTEIN TWIN X-STERN design.The vessel is equipped with smart power and propulsion system developed to minimize energy consumption during DP operations and an integrated energy recovery system utilizing all the waste heat in the machinery systems
OEG Acquires Dutch Marine Services Company
; capabilities and expand its ability to offer the clients integrated service solutions.“We are delighted to welcome MCS to the OEG group. This strategic acquisition will facilitate further expansion of OEG Renewables’ service offering and operating footprint in the growing European offshore energy market, and the development of new integrated solutions for our clients,” said John Heiton, OEG’s Chief Executive Officer.“Becoming part of OEG group will allow MCS to increase the value proposition we can offer to our clients by leveraging OEG’s global footprint and wide
February 2025
