ROV recovery offshore Malaysia. (Source: Shutterstock)
Forum Energy Technologies (FET) and underwater inspections provider, SAFEEN Survey & Subsea Services, have signed a memorandum of understanding (MOU) to develop electric thrusters for ROVs.
As part of the MOU agreement, the thrusters will be subject to extensive cycle testing to validate functionality, durability and integration capabilities with existing ROV systems.
The development of the thrusters will be overseen by experts from both FET and SAFEEN, driving collaboration through effective communication and coordination of project activities.
The thrusters will be tailored specifically to the requirements of SAFEEN’s submersibles to enhance the performance, efficiency and reliability of their underwater services capabilities.
Recommended Reading
Keeping it Simple: Antero Stays on Profitable Course in 1Q
2024-04-26 - Bucking trend, Antero Resources posted a slight increase in natural gas production as other companies curtailed production.
NOV Announces $1B Repurchase Program, Ups Dividend
2024-04-26 - NOV expects to increase its quarterly cash dividend on its common stock by 50% to $0.075 per share from $0.05 per share.
Initiative Equity Partners Acquires Equity in Renewable Firm ArtIn Energy
2024-04-26 - Initiative Equity Partners is taking steps to accelerate deployment of renewable energy globally, including in North America.
Repsol to Drop Marcellus Rig in June
2024-04-26 - Spain’s Repsol plans to drop its Marcellus Shale rig in June and reduce capex in the play due to the current U.S. gas price environment, CEO Josu Jon Imaz told analysts during a quarterly webcast.
Ithaca Deal ‘Ticks All the Boxes,’ Eni’s CFO Says
2024-04-26 - Eni’s deal to acquire Ithaca Energy marks a “strategic move to significantly strengthen its presence” on the U.K. Continental Shelf and “ticks all of the boxes” for the Italian energy company.