Resident vehicle systems can provide offshore oil and gas operators with standby, emergency support and cost savings through eliminating vessel requirements.
Wood and NERA (National Energy Resources Australia) have formed a partnership on May 5 to develop and deliver a solution for the inspection of critical industrial equipment, particularly for subsea oil and gas infrastructure.
Bosch Rexroth’s subsea valve actuator enables the electrification of subsea production systems not only for the development of greenfields, but also for the modernization of brownfields.
Logan Industries, a hydraulic repair, manufacturing and rental company, has delivered a custom A-frame to TechnipFMC for one of their new state-of-the-art ROVs, which will deploy later this year in the Gulf of Mexico, the company said on May 5.
Dril-Quip Inc. has been presented with a Spotlight on New Technology Award by the Offshore Technology Conference (OTC) on May 5 for its VXTe vertical subsea tree system.
Oceaneering International’s Remotely Operated Survey (ROS) group has successfully completed an integrated rig services campaign for a major operator offshore South America and recorded a milestone 150,000 hours of ROS operations with 99% uptime with no client operations or vessel downtime on May 5.
Oceaneering International Inc. said May 4 that, consistent with its commitment to cost reductions during the ongoing public health and energy market crises, its board of directors has approved voluntary base salary reductions of the executive management team and other members of senior management, effective as of May 1, 2020.
Eighteen technologies from 14 companies from around the world will be awarded this year, including six companies that will be recognized for the Spotlight on Small Business Award.