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Bowtech Products to invest £3million in new headquarters in Aberdeen

  GLOBAL subsea and energy sector imaging systems specialist Bowtech Products Ltd today confirms it is investing more than £3million in the development of its new headquarters, as it is unveiled as the first occupant of Aberdeen's major new international business park, ABZ.

Bowtech Products has secured a prominent entrance plot at ABZ, where it will develop a substantial high specification office and manufacturing facility, to service its growing customer base. The company is a global leader in the development and manufacture of camera, LED lighting and vision system technology, designed to operate in harsh environments, hazardous areas and subsea.


British Government Minister Visits SAAB Seaeye

 The Minister of State for Work and Pensions and Member of Parliament for Fareham, Mark Hoban, visited top ROV manufacturer, Saab Seaeye on Friday 12th October.


Ocean Installer Expands in Stavanger

  The Norwegian subsea entrepreneur Ocean Installer is moving into new headquarters in Stavanger to accommodate for the strong growth the company has experienced over the last year.



Acteon to showcase integrated decommissioning services

 Acteon will showcase its integrated decommissioning services at the Oil & Gas UK Offshore Decommissioning Conference in St Andrews, UK, 9–11 October 2012.

Decommissioning is a vital part of Acteon’s market Acteon vice president Neill Kelly said, “Our involvement in this high-profile event underlines both our commitment to the decommissioning sector and our on-going support for Decom North Sea. We believe that Acteon companies will have a leading role in many of the decommissioning projects in the North Sea over the next few decades.”


UK Oil and Gas Tax Regime Now Working to Boost Production and Growth

  Oil & Gas UK’s economics director, Mike Tholen, today (3 October) told a London audience of over 150 that recent changes to the UK oil and gas tax regime will promote investment to the benefit of British jobs, oil and gas production and tax revenues. He was speaking at an Oil & Gas UK breakfast briefing sponsored by Herbert Smith and The Royal Bank of Scotland.


Global Offshore Petroleum Services Ltd expands into the North American Market

Offshore Survey Specialist, Global Offshore Petroleum Services, LTD has expanded in the North American market by opening a new office in Slidell, Louisiana that will handle operations under the name Global Offshore U.S.A, LLC. 

GO Survey has established offices in Egypt and Ghana. The new U.S based office will reflect the companies ongoing worldwide expansion and increased services offered throughout all offices to new and existing clients. 



MacArtney completes coast-to-coast United States coverage

  MacArtney Underwater Technology Group is pleased to announce the opening of yet another new sales office in the United States.

As of October 2012 MacArtney West Coast is open for business. The new office is located in San Diego, and will serve the underwater technology requirements of major OEM, offshore, ocean science and defence stakeholders within the California area.


Nearly 40 Jobs lost as Oil Firm Collapses

 Nearly 40 Jobs were axed at an Aberdeen-based oil and gas technology company last night after it slid into administration.   Joint administrator Blair Nimmo of Business advisor KPMG said Expro AX-S Technology, part of international oilfield services company Expro, was unable to access the funding it needed to support ongoing costs.  The wider Expro group is not in administration and is operating as normal.


Global Marine Energy Brings Over 50 New Jobs To Middlesbrough UK

Global Marine Energy Ltd., the largest independent provider of subsea power cable installation, maintenance and related engineering services worldwide, announced today that the company has officially opened its new office in Middlesbrough UK. The office will serve as the company’s base of operation in the Northeast and brings over 50 new jobs to the area. 


Fugro: 2012 Developing Positively Oil and Gas Market Stable and Strong

 Major developments in the first half of 2012

  • Revenue in the first half of 2012 increased by 13.9% to EUR 1,338.8 million (first half of 2011: EUR 1,175.3 million).
  • The net result for the first six months of 2012 was EUR 115.4million, which is some 15% higher than the result over the first six months of 2011 (EUR 100.4 million).
  • Increased demand for marine seismic data acquisition has led to some price recovery in the secondquarter of 2012.
  • Good sales of multi-client data.
  • Pick up in the subsea market slower than expected.
  • In May Fugro announced that it would undertake a review of all options for its marine streamer seismic data acquisition business and associated activities.
  • In the first six months Fugro acquired three companies.
  • Fugro celebrated its 50 year anniversary.

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