Royal Boskalis Westminster N.V. (Boskalis) has acquired a 62.5% majority stake in the Horizon Group (Horizon) from the United Arab Emirates, Boskalis said in a statement.
James Fisher and Sons is expanding its footprint in the Middle East offshore market acquiring service provider Murjan Al-Sharq Marine Contracting LLC (MSMC) in Saudi Arabia.
Dubai-headquartered Topaz Energy and Marine has inked a charter in renewable energy for its lastest subsea newbuilding.
Topaz Energy and Marine have signed a long term contract with Reach Subsea for the charter of the subsea vessel Topaz Tiamat.
Aker Solutions, a global provider of products, systems and services to the oil and gas industry, has signed a contract with Petrobras to provide a subsea production system and related services for the Mero 1 project within the Mero field development, one of the largest oil discoveries in Brazil's pre-salt area.
Norway-based oil-services investment company Akastor has announced it has completed the sale of 50% of AKFOS Offshore to form a joint venture with Mitsui and MOL, per the agreement signed in June this year.
Malaysian offshore services provider Alam Maritim Resources is planning to diversify into subsea services, including a complete work programme of underwater, structural and topside inspection, repair and maintenance, particularly in the international markets through a joint venture company.
Despite challenging market conditons, subsea and seismic specialist GC Rieber Shipping has managed to achieve fleet utilisation for its subsea and ice/support vessels of 92% in the first half, with a contract backlog of NOK515m ($60.8m) as at July 1, 2018.
Oil and gas (O&G) services company Mermaid Maritime has a positive outlook for 2018 amid higher oil prices although it is monitoring developments in Saudi Arabia for increased output and regional geo-politics while the subsea market continues to be challenging.