The two companies on Jan. 23 sealed a partnership for global distribution of sensor technology to the oil and gas industry. By combining sensor engineering competence, domain expertise and technologies for effectively ensuring the lifespan of subsea assets, the partnership will support operators and vessel owners in reducing risk and operational cost.
Under the deal, 4Subsea’s autonomous, retrofittable sensors will be available to the global oil and gas industry via Ashtead Technology. Additionally, 4Subsea will explore utilizing Ashtead’s acoustic sensors for further developing their services offering to the market
Ashtead will further enhance its inspection, maintenance and repair services by adding 4Subsea’s sensors to its portfolio and gaining access to 4Subsea’s domain experts within subsea production, well intervention and drilling. 4Subsea will strengthen its position in the global sensor market with hardware and digital services delivery through Ashtead’s extensive sales and distribution network including facilities in Aberdeen, Abu Dhabi, Halifax, Houston and Singapore.
“Ultimately we believe this partnership will support operators in reducing both risk and costs associated with operating subsea fields,” Peter Jenkins, CEO of 4Subsea, said.
Rockdale Marcellus, which filed for bankruptcy in September, was formed with the acquisition of Shell’s operated Marcellus properties in Tioga, Lycoming and Bradford counties in Pennsylvania.
Calgary, Alberta-based Encana now expects to deliver annual general and administrative savings of at least $150 million from the Newfield Exploration deal.
"None" of Icahn's nominees "possess skills, experience or expertise that are additive or superior to our existing directors," wrote Occidental CEO Vicki Hollub and Chairman Eugene Batchelder.