Subsea 7 buys into Chiyoda energy consultancy Xodus Group

Subsea 7 buys into Chiyoda energy consultancy Xodus Group

Subsea 7 has strengthened its ties to Japan’s Chiyoda Corporation with the acquisition of a 60% stake in energy consultancy Xodus Group.

Chiyoda will retain a 40% holding, and the two will run the company as joint venture partners. Subsea 7 and Chiyoda have collaborated previously when last year Subsea 7 moved in on the assets of Emas Chiyoda Subsea, which had earlier filed for bankruptcy protection in the US.

Jean Cahuzac, CEO of Subsea 7, commented: “This joint venture further enhances our early engineering engagement in both oil and gas and offshore renewables. Through earlier engagement with our clients we can deliver more cost-effective results, introduce new technology, full lifecycle solutions and integrated services.”   

The two companies said the investment by Subsea 7 will help the development of Xodus, which will continue to operate independently of the parent companies. Xodus provides engineering and advisory services to the energy industry.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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