Reef Subsea Organizes Its Business in Three Separate Entities

Reef Subsea was created in 2010 in a joint venture between the oil and gas private equity investor HitecVision and Rieber Shipping. Following three years of growth in operations in the three current business lines, a strategic review by the board of directors and the owner of HitecVision has led to the re-organization of the group.

The business will now be organized in three separate entities to be known as Reef Subsea, X-Subsea and Technocean Subsea. The existing senior management will continue to lead the three new entities, delivering consistent expertise in the niche markets.

Reef Subsea, to be headquartered in Thornaby, north-east England, will continue to specialise in the laying and burial services of subsea cables to all energy industries under the leadership of CEO Duncan MacPherson

X-Subsea, which will replace Reef Subsea Dredging and Excavation brand, is headquartered in Houston, US. With operations in UK, Norway, Singapore and the Middle East, X-Subsea will continue to focus on precision dredging and excavation led by Managing Director Jason Miller.

Technocean Subsea, headquartered in Bergen, managed by Managing Director Arne Riple, will replace the Reef Subsea Integrated Projects brand to focus on subsea IMR and construction and build on its success and growth in North Sea and West Africa.

Reef Subsea is majority owned by HitecVision following the buy-out of Rieber Shipping’s shares in early 2014.

Press Release, April 23, 2014

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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