MacArtney’s 2018/19 financials demonstrate a growing top and bottom line with increased activity in key underwater technology industries. With a continued presence in Oil & Gas, Ocean Science, Defence, Civil Engineering and a renewed strategy for Offshore Renewable Energy, MacArtney are increasing revenue today while supporting the development of tomorrow.
Oil production estimated at 1.2 million barrels per day by 2030, Guyana’s total annual oil revenues could approach $30 billion within 10 years, according to fresh research by Rystad Energy.
Kongsberg Maritime AS has signed an agreement to sell its underwater technology company Hydroid, Inc. for USD 350 million to Huntington Ingalls Industries (HII), the largest supplier of vessels to the US Navy. The agreement provides that, as of closing, the parties will enter into a strategic alliance agreement concerning underwater technology and maritime solutions.
Fugro is pleased with today’s press release from HC2 Holdings, Inc. (HC2), announcing the sale of Global Marine Group (GMG). Through its ownership of 23.6% in GMG, Fugro will monetize the remainder of its non-core interest in GMG, which is expected to result in proceeds for Fugro of close to USD 40 million.
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