Aquaterra Energy & James Fisher Launch Integrated Global Decommissioning Partnership

Aquaterra Energy, a leading provider of intelligently-engineered products and services for well access and offshore developments and James Fisher and Sons plc (James Fisher), a global provider of specialist marine and energy solutions driving offshore energy forward, have formed a strategic global partnership to streamline offshore decommissioning delivery. The collaboration provides operators with a single, integrated route to plan and execute well abandonment and infrastructure removal programmes more efficiently, with fewer interfaces and greater execution certainty.

Under the partnership model, Aquaterra Energy is leading front-end engineering and well access solutions, while James Fisher through its energy division is delivering subsea operations and offshore execution expertise. Together, they offer a more coordinated alternative to traditional decommissioning models, connecting early planning, engineering, well access and offshore execution under a clearer delivery framework. This gives operators fewer handovers, stronger accountability and greater certainty from initial scope development through to execution, while retaining the flexibility to adapt as project requirements evolve.

The collaboration will operate globally, with initial focus on the North Sea, APAC and the Middle East – regions where significant number of offshore wells and infrastructure are approaching permanent abandonment. In the UK Continental Shelf alone, the North Sea Transition Authority reports 153 wells past decommissioning consent deadlines, with £44 billion still to be spent on decommissioning. In Australia, government modelling estimates offshore decommissioning liabilities could reach approximately £48 billion over the next 30-50 years and globally, more than 2,500 offshore structures are expected to require decommissioning by 2040. This growing workload is driving demand for more efficient delivery models.

Matt Marcantonio, Head of Engineering at Aquaterra Energy, said:

“Decommissioning programmes are increasingly moving away from simple, isolated scopes. The next generation of projects will require tight engineering control, early integration and the ability to adapt quickly as conditions change. By aligning our expertise with James Fisher from the outset, we can shape more efficient scopes, prevent downstream redesign and ultimately reduce offshore duration. We see this as a way to give operators the confidence to take on decommissioning programmes that are becoming more technically demanding and commercially pressured, while keeping the agility needed to respond as projects evolve.”

Mark Stephen, Product Line Director – Decommissioning & CFE at James Fisher Energy, commented:

“What operators are looking for now is delivery confidence, predictable execution, fewer interfaces and teams who already understand how to work together. By combining our subsea operations capability with Aquaterra Energy’s early engineering and well access expertise, we can remove many of the common friction points that slow projects down offshore. This model gives operators a scalable, field-proven approach that directly supports safer, more efficient execution as global decommissioning activity accelerates.”

The partnership will operate on a project-by-project basis, with team composition determined by scope, including the use of cross-trained crews to reduce the number of people offshore (POB) and lower overall exposure to risk.

Each company remains independent, working within an agreed framework to ensure early collaboration and aligned delivery. The partners are already engaging with operators on upcoming decommissioning opportunities across multiple regions.

Unique Group Appoints New Chief Executive Officer

Unique Group, global leaders in subsea technologies and engineering, has announced the appointment of Giovanni Corbetta as the new Chief Executive Officer (CEO), effective from July 1, 2026.

Giovanni brings more than three decades of leadership experience across the offshore energy, subsea, marine services, engineering, and defence sectors. Throughout his career, he has successfully led businesses across Europe, the Middle East, Asia and the Americas, building a strong track record in operational excellence, business transformation, acquisition integration, and sustainable growth.

Giovanni Corbetta, newly appointed Chief Executive Officer of Unique Group

Most recently, he held several senior leadership roles within James Fisher & Sons plc, including Strategic Advisor to the CEO, Head of Business Excellence, Managing Director of the Marine Contracting Division and Managing Director of JFD. In these positions, he was responsible for offshore and subsea operations, production and manufacturing, engineering services, project delivery, and international business performance.

Prior to this, Giovanni held senior leadership positions within DOF Subsea, Hallin Marine and Saipem where he gained extensive experience managing complex global operations and delivering critical engineering projects in demanding marine environments.

His technical and operational expertise spans subsea technologies, marine services, diving operations, offshore engineering, manufacturing, project execution and international operations management.

Commenting on the appointment, Harry Gandhi, Chairman and Founder of Unique Group, said: “Giovanni’s combination of global leadership experience, deep industry expertise and proven ability to drive operational excellence make him exceptionally well positioned to lead Unique Group into its next phase of growth. He demonstrated a strong alignment with the values that have shaped our company for more than three decades, and we are delighted to welcome him to the team.”

Giovanni added: “I am honoured to join Unique Group at such an exciting point in its journey. The company has built an outstanding reputation for innovation, customer focus and technical excellence, supported by a culture rooted in trust, integrity and entrepreneurship. I look forward to working closely with our talented teams around the world to build on these strong foundations, strengthen our market position and continue delivering value for our customers, partners and stakeholders.

Giovanni’s appointment reflects Unique Group’s commitment to continued growth, innovation and operational excellence while maintaining the values, entrepreneurial spirit and customer-centric approach that have been central to the company’s success since its founding in 1993.

With extensive industry experience and a strong cultural fit, Giovanni is well positioned to lead Unique Group through its next phase of development, building on the company’s established reputation as a trusted partner to customers across the offshore energy, subsea, marine and defence sectors.