Product news

At 2016’s Offshore Technology Conference, Materion Corp. will introduce two ToughMet products engineered to improve the reach, reliability and accuracy of oil and gas equipment components.

Monday's oil price decline came in the wake of another cut in the US rig count which further brings activity down for a fifth straight week.

The latest contract award from Statoil will see Wood Group deliver subsea field concept engineering for the Snorre expansion project.

Halliburton has announced that the conference call scheduled for Monday, April 25, 2016, to discuss the first quarter 2016 financial results is postponed until Tuesday, May 3, 2016.

The two companies will join forces to enhance safety, reduce risk and increase visibility of asset condition across on and offshore assets.

Siemens has announced the market launch of the Simatic Energy Suite engineering tool for energy management in automation systems.

The company’s software solutions facilitate better fleet management and information sharing between ship and shore.

AVEVA announced that AVEVA Engage™ is supported on Microsoft Surface Hub™.

The first 1010 m coiled tube reel is to be symbolically delivered in October 2016 to meet the needs of offshore oil and gas customers.

Thordon Bearings has developed a bespoke modelling tool capable of calculating the amount of operational oil prevented from leaking into the world’s oceans with each installation of a seawater-lubricated propeller shaft bearing.

The company has also announced its intent to maintain quarterly dividend of US$0.15 per share in Q2 2016.

Mr. Punkaj Gupta has been appointed as Simba’s new CEO in the wake of a private placement financing agreement.

The new field services will support a lifecycle approach which is expected to deliver significant cost savings.

The vertical sump pump that will mounted on the bow of the FPSO Pioneiro de Libra and is IP66 rated to protect against heavy seas washing over it.

At the Barents Sea Conference in Hammerfest today, Statoil presented a new subsea concept that is designed to reduce cost and increase efficiency. The concept is called Cap-X.