James Fisher to drive energy transition with new subsea brand
22 March 2021
James Fisher, a leading provider of innovative marine solutions and specialised engineering services, has today announced the launch of James Fisher Subtech, which sees consolidation of the group’s extensive capabilities into a comprehensive solutions provider for the oil and gas, renewables, nearshore marine civils, and rapid response and salvage industries.
Recognising significant opportunities to further grow its existing oil and gas operations, the new structure will see James Fisher Subtech consolidate its subsea offering to leverage its specialist expertise working in extreme environments. The move will bring together the technical expertise of James Fisher Marine Services and Subtech to support oil and gas majors, renewables developers and marine civils contractors alike in pushing the boundaries of what is possible to accelerate the energy transition.
Giovanni Corbetta, Managing Director of James Fisher Subtech explains: "Accelerating trends within the energy industry, particularly the energy transition brought on by the climate emergency, present an opportunity for the group to focus on what it does best – providing expertise for the extremes. Complexity is where we excel, helping to deliver the world’s most complex, technically demanding, and environmentally challenging energy projects in construction, operations, maintenance and decommissioning. By realigning our business, revitalising the leadership team and reinvigorating our culture of trust, integrity and operational excellence, there will be no project too complex for us to deliver on.”
Established in 1847, James Fisher has operated in the oil and gas sector for over 20 years supporting clients to take developments further offshore and into deeper waters in over 40 countries. The company’s realignment, along with its network of trusted industry partners, will unlock new synergies to position James Fisher as a comprehensive, tier two solutions provider. Clients will also benefit from enhanced cost, risk and schedule management underpinned by streamlined supply chain management and professional services.
Talking of the opportunities for the company Jonathan Parkes, Divisional Strategy, Sales & Commercial Director of James Fisher Subtech remarks: "The need for cost effective, creative solutions that assist oil and gas operators to produce more from hard-to-reach and lower profit fields represents a significant growth area for the industry which will require specialist solutions providers that have the capability to execute complex, technical energy projects in harsh environments.
"There is also a marked increase in renewable investments being made by oil and gas supermajors which makes a compelling case for us to consolidate our experience to serve across the energy space. All complex infrastructure projects share the need to be delivered, operated, maintained and decommissioned in a way that is safe, on time and to budget while taking advantage of the latest technologies and digital innovation. James Fisher is here to do just that, delivering excellence in execution at every stage in the project lifecycle with pioneering spirit.”
Alongside providing expertise for the construction of infrastructure projects, James Fisher Subtech will also bring its specialist expertise to bear to optimise operations and maintenance in extreme environments. With social distancing due to COVID-19 ongoing, the Group will continue to support clients to innovate new ways of working safely including remote working, digital twin and Internet of Things capabilities, digital asset integrity techniques and upskilling of technical and local content teams.