GE continues to expand its technology portfolio to address the challenges of offshore drilling and production and the rigors of deepwater drilling. Several GE business units are showcasing their latest products and services for the offshore sector in Booth 3163 at the 2013 Offshore Technology Conference (OTC), which is expected to draw nearly 90,000 attendees. [...]
Across its businesses, ITT Corporation offers an extensive array of essential products and services to its oil and gas industry customers around the world. This week, the company is showcasing its capabilities at the Offshore Technology Conference in Houston, which draws approximately 80,000 attendees from more than 110 countries. ITT’s innovative products include centrifugal and [...]
FMC Technologies, Inc. announced that it has been awarded a two year extension to an existing contract by Island Offshore Management AS (Island Offshore) to provide Light Well Intervention (LWI) services. The LWI services will be performed from Island Offshore’s Island Constructor vessel on wells operated by BP Exploration Operating Company Ltd (BP). LWI services [...]
Scientists at Scripps Institution of Oceanography at UC San Diego, in collaboration with two private industry firms, are developing potentially breakthrough technologies to capture vital information from the world’s oceans. Scripps researchers John Orcutt and Jon Berger have developed a Memorandum of Understanding with Horton Wison Deepwater (HWD) and John Crane Production Solutions (JCPS) in [...]
Forum Energy Technologies, Inc. announced first quarter 2013 revenue of $373 million compared to $363 million for the first quarter 2012. Net income for the first quarter 2013 was $32 million, down from the first quarter 2012 net income of $42 million. Diluted earnings per share for the first quarter 2013 were $0.34, compared to [...]
Trelleborg has, through its business area Trelleborg Offshore & Construction, signed an agreement and finalized the acquisition of the U.K. company Ambler Technologies Ltd. The company develops and produces composite materials that create strictly specified buoyancy and insulation properties in applications used primarily in deep-sea environments. The acquisition provides Trelleborg with access to cutting-edge expertise [...]
FMC Technologies, Inc. announced that it has signed a contract with BP for the manufacture and supply of subsea equipment to support the Mad Dog Phase 2 field development. The Mad Dog Phase 2 field development is located near Green Canyon Block 825 of the Gulf of Mexico, 150 miles (240 kilometers) south of New [...]
To handle the new heavyweight anchors required for rigs operating in extreme depths off Brazil, Rolls-Royce has developed a tailor made solution. Two torpedo anchor-handling systems will be installed on two anchor-handling vessels to be built for the Norwegian shipowner DOF. Brazilian oil giant Petrobras has developed the torpedo anchor to meet the challenges of [...]
With advancements in technologies, Americans will soon be able to tap into energy derived from the ocean. Marine and hydrokinetic (MHK) technologies—which generate power from waves, tides or currents in ocean waters—are at an early but promising stage of development. Many coastal areas in the United States have strong wave and tidal resources close to [...]
Forum Energy Technologies, Inc. announced that, based on currently available information, the company now expects full year 2012 earnings per diluted share of $1.72 to $1.74. This is below the company’s previous guidance range of $1.83 to $1.88. The company indicated the reduction in the expected range for full year 2012 earnings per diluted share [...]
