ROV Planet Articles

Articles for Tag or Tags: New Investment

Number of matching Articles: 16

Film-Ocean invests in new ROV system for its fleet and new hires to support its market growth

ROV specialist Film-Ocean Ltd, based in Aberdeenshire, has recently invested a six-figure sum in a Schilling Heavy Duty Work Class ROV and plans to grow its workforce to support the company’s ambitious growth plans.

Investing in further Development of the Åsgard Field

The partners in the Åsgard licence have decided to invest just under NOK 1.4 billion to further develop the field and implement the Åsgard B low-pressure project.

Ashtead Technology invests £1m in new tech centre to support renewables and decom work

Integrated subsea technology and services provider Ashtead Technology has invested £1million to develop a new R&D and engineering facility in Aberdeenshire. The firm has also launched a recruitment drive to bolster its operations as part of its long-term business goal.

Hydro Group Investing in the Future of Cable Extrusion

Hydro Group has completed their latest phase of a circa £1million investment programme with the installation and commissioning of a new cable extrusion line within the cable manufacturing arm of the business.

OceanTools enhances offerings with investment in state-of-the-art CNC machinery

Despite current industry challenges due to the COVID-19 pandemic, OceanTools, global leaders in subsea engineering, have seen an increase in demand for their products and engineering services, leading to the recent investment in £300,000 of CNC machinery.

Advanced Insulation Expands into New Gloucester Unit Following Subsea Demand

Steadily increasing demand for its subsea buoyancy products has prompted leading materials solution provider Advanced Insulation to invest over £8million pounds in a new facility in Gloucester.

Film-Ocean invests in designing and manufacturing a compact ROV Launch and Recovery System

Film-Ocean, an ROV specialist for the oil, gas and offshore renewables sectors, has recently invested a six-figure sum in the design and manufacture of its latest compact ROV launch and recovery system (LARS).

Sleipner Field Centre to be Partly Electrified

Equinor and partners Vår Energi, LOTOS and KUFPEC have made an investment decision to partly electrify the Sleipner field. Today, the partners are submitting a revised plan for development and operation to the authorities.

Rovco Raises £5 million Series A Investment

Subsea technology firm, Rovco, today announced a £3.9 million Series A investment from Foresight group via the Foresight Williams Technology EIS Fund and Foresight VCTs. The investment was part of a larger round totalling £5 million which included funds from existing shareholders.

OPITO announces transformative investment in Aberdeen Science Centre

The OPITO Theatre of Energy’ to be unveiled when redeveloped venue opens in 2020 OPITO has invested more than £600,000 in an immersive and educational energy theatre which will be unveiled at Aberdeen Science Centre (ASC) when it reopens in summer 2020, following a multi-million-pound redevelopment.

Well-Safe Solutions’ Multi-Million-Pound Investment for New Aberdeen Headquarters

Well-Safe Solutions today announced it will be moving headquarters, following a landmark contract win and acquisition of its first asset.

£1.5m investment in Enpro technology supports business growth

Aberdeen-based production optimisation specialist Enpro Subsea has announced that the £1.5million investment project in its Flow Intervention Services (FIS) technology, which included a £755,000 research and development grant from Scottish Enterprise, has started onshore testing ahead of planned subsea field trials later this year.

OGIC invests more than £300,000 into new UK projects

The Oil & Gas Innovation Centre (OGIC) has invested more than £300,000 into three new projects which have the potential to cut operational costs and improve efficiency in the oil and gas industry.

Rovco Attracts Investment to Accelerate Growth Plans

UK Subsea company Rovco has secured a six-figure investment from London-based Sustainable Ventures to help fast-track its ambitious growth plans. The investment will support Bristol-based Rovco as it enhances its range of subsea AI and 3D services and captures a larger share of the global offshore survey market. Through its Accelerator programme, Sustainable Ventures will also assist Rovco in building a high-profile team of industry focused non-executive directors and advisors, while supporting on additional raises of up to £3m over the next two years.

Siem Offshore Contractors invests in Ideol, a global leader in floating offshore wind

Siem Offshore Contractors has entered the floating offshore wind market through an investment in Ideol, a global technology leader, further expanding business and opening opportunities for in-house vessels in the renewable energy sector while providing construction expertise for commercialising floating offshore wind.

Utility ROV Services Invests £6m in New Equipment

Utility ROV Services invests £6m in new equipment as business continues to grow across the energy sector.
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