An offshore oil platform in the North Sea. (Source: Shutterstock)
EnerMech announced on Nov. 13 it won a multi-million pound contract to provide flexible hose assembly (FHA) and small bore tubing (SBT) management services for the U.K. assets of an undisclosed major E&P.
The five-year agreement focuses on the management, maintenance and inspection of FHA and SBT systems, ensuring asset integrity, production up-time and operational efficiency.
EnerMech will monitor the condition of the hoses and SBT in accordance with safety and operational standards and manage all necessary repairs and replacements.
“Winning this contract following a competitive tender reinforces the strength of our integrated technical services and our role as a leading provider in the hydraulics market within Europe," David Farquharson, EnerMech's head of hydraulics, said in the press release. "We look forward to working with our client to maximize production up-time and efficiency of assets.”
Recommended Reading
Energy Sector Sees Dramatic Increase in Private Equity Funding
2024-11-21 - In a 10-day period, private equity firms announced almost $20 billion in energy funding. Is an end in sight for the fossil fuel capital drought?
E&P Consolidation Ripples Through Energy Finance Providers
2024-11-29 - Panel: The pool of financial companies catering to oil and gas companies has shrunk along with the number of E&Ps.
Quantum Raises $10B for Oil, Gas, Midstream, Energy Transition
2024-10-29 - Quantum Capital Group raised $5.25 billion for its private equity flagship, Quantum Energy Partners VIII. A source told Hart Energy that most of the firm’s capital has gone into oil and gas because it offers the best risk-adjusted returns.
New Fortress Makes Headway on $2.7B Debt Refinancing
2024-11-26 - New Fortress Energy Inc. anticipates raising approximately $325 million in gross proceeds through the refinancing.
Plains All American Prices First M&A Bond of Year
2025-01-13 - U.S. integrated midstream infrastructure company Plains All American Pipeline on Jan. 13 priced a $1 billion investment-grade bond offering, the year's first to finance an acquisition.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.