PARIS – Technip has begun a restructuring plan and has accelerated its cost reduction in response to the decrease in oil prices.
HOUSTON – Shandong Offshore (Bidco) has agreed to acquire drilling contractor Northern Offshore (OSE: NOF) for around NOK 1.3 billion ($165 million).
Assuming shareholder approvals, the acquisition should be completed during the first half of August.
It is very easy for companies to fall into a habit of “this is how we have always done it” or “if it ain’t broke don’t fix it.” There are many articles, motivational posters, white papers, blogs and cartoons all across the online media world outlining the downfall of stagnation in business. There are also many more advocates for innovation now compared to previous decades, most likely due to all of the content pushing innovation on us.
Via: Cody Warner, Deep Trekker Inc.
MMT, specialists in high-resolution marine surveys, has successfully completed offshore integration trials of their new high-speed remotely operated vehicle with Sonardyne International’s SPRINT inertial navigation system.
The 2,000 meter rated vehicle, named Surveyor Interceptor, has been developed by MMT to improve the speed and efficiency of seabed mapping and pipeline inspections surveys. Its revolutionary design features a hydrodynamic hull and powerful drivetrain enabling the vehicle to travel at up to six knots, around 50% faster than conventional Work-class ROVs. The accuracy of SPRINT complements the vehicle’s state-of-the-art imaging and mapping sensors, resulting in improved survey data quality and substantially reduced ‘cost per kilometer’ of surveys.
Aker Solutions has notified employees at its subsea services facility in Ågotnes, Norway, that it has become necessary to adjust the plant’s workforce capacity because of a decline in activity in the Norwegian market.
HOUSTON – Fugro has successfully completed a year-long wellhead monitoring project for BP Americas Inc. measuring BOP stack motions and calculating wellhead fatigue in the Gulf of Mexico.