UK-Japan Firms Tie Up in Offshore Energy

Engineering giants Chiyoda Corporation and UK-headquartered Subsea 7 are to tie up in offshore energy development, according to Nikkei Asian Review on 30 June.

The British seabed-to-surface engineering, construction and services contractor has a global presence but seeks to expand into new regions through working with the Japanese engineering company.

Subsea 7 has experience in underwater construction projects in the North Sea, the United States and Brazil while Chiyoda has built liquefied natural gas plants and oil refineries in Qatar and Saudi Arabia.

The partnership is expected to help Subsea 7 diversify its plant business while supporting the finances of Chiyoda’s offshore development business.