Company Updates

Seatrium Limited (Seatrium), a leading engineering solutions provider to the global offshore and marine industry, and Singapore’s Agency for Science, Technology and Research (A*STAR) inked a Memorandum of Understanding (MoU) to explore research opportunities in new energies and artificial intelligence (AI) to develop innovative products and engineering solutions for the Offshore and Marine (O&M) sector.

Balmoral Comtec, a Balmoral Group company and a major 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.

Reference is made to the joint stock exchange announcement on September 18, 2023 by TGS ASA (TGS) and PGS ASA (PGS) regarding the combination of the two companies (the Merger) to establish the premier energy data company, as well as subsequent announcements on October 25, 2023 and December 1, 2023 regarding, respectively, the execution of the definitive merger agreement and approval by the extraordinary general meetings.

Pier Solutions, a leading engineering and modular solutions provider, has announced strategic appointments to strengthen its Leadership Team with a new Chief Executive Officer (CEO) and Finance Director (FD) as it targets growth in the energy sector.

Ocean services provider DeepOcean is celebrating its 25th anniversary by announcing that the company has reduced its own CO2 emissions intensity by 18 percent since 2020. The company is on track to reach its 2030 emission reduction target.

CSA Ocean Sciences Inc. (CSA), a marine environmental consulting and survey company, announced that it has completed the acquisition of Tombo Environmental, LLC (Tombo), a consulting firm specializing in complex environmental sampling techniques and research and development of sampling equipment. As part of the agreement, Ian Stupakoff, the Founder and Principal of Tombo, joins CSA’s growing Science Department team as a Senior Scientist and Director of Sediment Profile Imaging (SPI) Sciences, based out of Olympia, Washington State.

ABL, a global leading energy and marine consultants, expands its European presence with a new office in Constanta, Romania, to support the Black Sea region’s offshore energy and maritime markets. The office is managed by its Director Alexander Shterev who is Principal Surveyor of ABL Bulgaria, supported by the country manager to ABL Bulgaria, Lyubomir Djambazov.

MidOcean Energy (MidOcean), a global liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, announced a strategic investment by Mitsubishi Corporation (Mitsubishi Corp). Mitsubishi Corp’s investment will accelerate MidOcean’s strategy to create a high quality, diversified, global ‘pure play’ integrated LNG company.

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