Page 18: of Marine Technology Magazine (November 2022)

CEO IN FOCUS CARL TROWELL, ACTEON around the world for certain anchoring purposes. It turns out,

Acteon Group has built and acquired a family of it’s incredibly applicable to ? oating wind. So we’ve slightly brands across the marine and the energy industries. re-engineered it, we’ve looked at a deployment technique, and

What’s next?

we have a product which is equally applicable in both spaces. For us, we have a new structure, working with three divisions

Then 2H, our engineering group, specializes in risers and now on a global scale. That’s been the latest evolution, and umbilicals. In the energy transition they’ve been successful we see the bene? ts of further integration both from technol- taking that expertise and applying it decarbonization of the oil ogy synergies and probably new product development, from and gas industry. bringing those companies closer together. But I think there is a

So they’re taking that expertise, reversing it and coming mega cycle coming of investment and where that lies between up with engineered solutions to, for example, do cold-water offshore wind and oil and gas, we’ll have to see. I think there’s cooling on FPSOs, reducing the energy requirements because room for further consolidation amongst the supply chain. But (by using seawater for the cooling). They’re doing something on the back of the last oil and gas downturn, we have a lot of similar to provide air conditioning into airports and hospitals smaller subscale oil ? eld services business and I think there’s by using deep water. going to be some consolidation there.

Overall, there are a lot that companies and individuals that With respect to the renewables, you’ve got this huge in- grew up engineering in the oil and gas business (now able to vestment cycle coming. We did a recent piece of work and address the challenges associated with the energy transition.) we found out that on a typical offshore wind project, you’ve got almost 10 times as many companies independently con-

The attitudes have changed quickly and I think tracted in the supply chain than you do in an equivalent that’s driven a lot by following the money.

oil and gas project. So we think logic would tell you that

I think there’s something that everyone has to think about, there’s a need there from an ef? ciency and delivery point which is there’s going to be more infrastructure going into of view for consolidation. And there’s also room for there the sea in the next decade from offshore wind than went in to be big global offshore service companies focused on the throughout the whole lifetime of oil and gas. If you just look offshore wind developed because we’re only at the begin- at the number of units, the number of installations, when you ning of this evolution. So you could see the need for bigger start moving to ? oating wind, it’s going to be off the scale of companies to service the industry on a global scale develop- the number of moorings. If you’re in this sector you should ing. And we see ourselves as a platform for future M&A, be be turning your eyes to this because we’re at the beginning of that bolt in to our structure or if we take part in some of the what will be a mega cycle of investment. bigger combination.

Image courtesy Acteon 18 November/December 2022

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