Exports in subsea sector ‘to rise in 2017’

Subsea companies in Britain expect to increase overseas activity in the next 12 months. According to a new survey by Subsea UK, 27% firms predict exports to rise by 50% or more this year. More than half (56%) of the 300 member companies surveyed expect overseas sales to increase between 1% and 49%. Around 17% […]

North Sea industry looking overseas for growth

UK businesses are being encouraged to expand internationally to support the North Sea industry growth. Industry body Subsea UK has urged companies to establish overseas links to generate new business and support the government’s plan to increase British exports to £1 trillion by 2020. It has arranged several events, one with the government’s export credit agency UK […]

Rise in UK subsea exports to Norway

Norway’s increase in oil developments could mean a boom for UK subsea businesses in the next 12 months. That’s according to the nation’s industry body, Subsea UK, which found around 80% of its members expected Norwegian subsea exports to rise as a result of an increase in deepwater developments. Neil Gordon, Chief Executive of the […]

Subsea industry could create 10,000 jobs

The British subsea industry could create 10,000 jobs within the next 12 months, according to a new survey. Subsea UK, which represents more than 250 companies across the UK, said 43 of the companies already have 800 vacancies to be filled. The survey also found almost one-fifth of the companies will need more than 2000 […]

Underwater lobby flood parliament

The underwater industry will meet with MPs and the Energy Secretary tomorrow in a bid to secure more support. The sector which supports more than 50,000 jobs and generates £6 billion a year, says it can lead economic recovery if its given more government backing. The 60 strong delegation will tell Chris Huhne that the […]