ABB Wraps Up Sale of Cable Business to NKT

ABB has completed the divestment of its high-voltage cables and cable accessories businesses to NKT Cables.

The divestment was announced in September 2016. As part of the strategic partnership, ABB and NKT Cables will work together on future project opportunities and R&D.

We are pleased to close the divestment with NKT Cables, an experienced specialist in this market, with a long and successful history in the high voltage cable industry. This transaction is combining two highly complementary cable portfolios and is expected to lead to higher competitiveness and even better service for our global customers,” says Claudio Facchin, president of ABB’s Power Grids division. “We look forward to building on our new business relationship in the long-term strategic partnership between ABB and NKT Cables.”

ABB’s cable system and the cable accessories business offers turnkey solutions including design, engineering, supply, installation, commissioning and service. It employs around 1,000 people, and has manufacturing and R&D capabilities for high-voltage submarine and underground cables in Karlskrona, Sweden. The cable accessories business is located in Alingsås, Sweden.

The transfer of assets also includes a new cable-laying vessel, currently under construction.

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

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