NOV Snaps Up Kongsberg’s Subsea Products Division

Kongsberg Oil & Gas Technologies has signed a purchase agreement with a subsidiary of National Oilwell Varco (NOV) regarding the sale of Subsea Products.

According to Kongsberg, the sale includes Thor Tie-In, Weaklink, Pipeline Structures (typically PLEM, PLETS, Wyes, Tees, Foundations, Spools, Jumper), Adjustable Pipeline Supports, GRP Protection Covers, Hot Tap systems, Installation and Repair Tools, Pig Launchers, Pig Tracking Systems, Subsea Storage Units and Subsea Cooler.

Technology and employees of Subsea Products will be transferred to NOV at closing, which is estimated for August 31, 2016.

Financial details surrounding the deal have not been disclosed.

Share this article

Follow Subsea World News

Events>

<< Aug 2017 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Kuwait Oil & Gas Show

Kuwait Oil & Gas Show is the Kuwait International Fair Ground in Kuwait City, Kuwait. This event showcases product from Chemicals & Dyes, Electronics & Electrical Goods, Hand, Machine & Garden Tools, Petroleum, Oil & Gas, Power & Renewable Energy industries. More info

read more >

SPE Offshore Europe 2017

Attending SPE Offshore Europe, recognised by offshore E&P professionals as Europe’s leading E&P exhibition and conference, will ensure…

read more >

Offshore Site Investigation & Geotechnics Committee 8th International Conference “Smarter Solutions for Future Offshore Developments”

The conference series, which has run since 1979, offers a unique opportunity for geotechnical engineers, geoscientists and academics…

read more >

Oil & Gas Indonesia 2017

Oil & Gas Indonesia (OGI) is an exhibition focused on Oil and Gas Exploration, Production and Refining and showcases the largest exhibition…

read more >