Ad
Sunday, June 1, 2025
14.1 C
London

U.K. Edition

Stork Technical Services Sells Its Subsea Division To N-Sea Group

- Advertisement -

Stork Technical Services

Offshore firm Stork Technical Services have announced the sale of its Subsea division to N-Sea Group for a undisclosed sum.

Stork,a global offshore subsea contractor to the oil & gas, power and chemical industries, announced it has reached an agreement to sell its Subsea division to Netherlands-based N-Sea Group.

Stork said  its selling its Subsea division following a strategic review of its core business offering and increasing clients’ expectations. The sale of the Subsea division will enable the firm to focus on providing key services and innovations which support its significant business operations as an asset lifecycle integrity partner in the oil & gas industry.

Throughout the transition period of the sale Stork will work closely with N-Sea to ensure the continuity of ongoing contracts and service agreements as well as offering a sustained service to existing clients.

Stork will also continue to develop and invest in technology associated with subsea integrity, cathodic protection, bolting, tensioning and tooling operations, which will not be affected by the sale of the Subsea business.

- Advertisement -

Popular this week >

NASC Expands into Scotland with New Edinburgh Office and Key Appointment

The National Access and Scaffolding Confederation (NASC) has opened...

BSIF Urges Workers to Share Life-Saving PPE Stories

The British Safety Industry Federation (BSIF) is calling on...

PERI Staff Support Local Foodbank with Generous Donations

Employees at PERI UK’s head office in Rugby have...

ScaffPlan Returns to ScaffChamp 2025 with Innovation in Tow

ScaffPlan has confirmed its return to ScaffChamp 2025 as...

Registration Opens for ScaffEx25 at Manchester Central

ScaffEx25, the UK’s leading scaffolding and access industry exhibition...
- Advertisements -

Related Articles >

Stork Secures Major Inspection Contract with Ithaca Energy

Stork, a recent acquisition by industrial services giant Altrad, has secured a significant five-year contract with Ithaca Energy UK Limited to deliver inspection services across the energy firm’s UK Continental Shelf (UKCS) operations. The...

Latest Topics

Star-Studded Line-Up Announced for 2025 Scaffolding Excellence Awards

The NASC has announced that its prestigious Scaffolding Excellence...

Registration Opens for ScaffEx25 at Manchester Central

ScaffEx25, the UK’s leading scaffolding and access industry exhibition...

NASC Expands into Scotland with New Edinburgh Office and Key Appointment

The National Access and Scaffolding Confederation (NASC) has opened...

ScaffPlan Returns to ScaffChamp 2025 with Innovation in Tow

ScaffPlan has confirmed its return to ScaffChamp 2025 as...
- Advertisement -

Popular Categories