Forum Taps Gaut as CEO
Houston based Forum Energy Technologies, Inc. announced Monday that C. Christopher Gaut will return to the role of Chief Executive Officer to replace outgoing CEO Prady Iyyanki. Gaut will continue to serve as Chairman of the BoardGaut, a seasoned oil and gas industry executive, has served as a member of Forum’s Board of Directors since 2006 and as Chairman since 2010. In addition, he previously served as Forum’s Chief Executive Officer from 2010 to May 2017.“Forum is a strong company with tremendous talent and significant upside potential. It is a privilege to be asked to lead the
Forum is Building a Submarine Rescue Vehicle
Forum Energy Technologies, Inc. (FET) said it has received an order from Submarine Manufacturing and Products, Ltd. (SMP) to supply a submarine rescue vehicle (SRV), a work-class remotely operated vehicle (ROV) and associated launch and recovery systems. The ROV and SRV will be delivered in 2019 and 2020, respectively, and integrated by SMP with additional equipment for delivery to a navy in the Far East.The SRV, an onboard piloted rescue submarine, is similar to Perry’s design of rescue vessels, and will incorporate a unumber of high-tech subsea vehicle technologies. The SRV will be capable of
Forum Energy Technologies Launches Electric ROV Range
Forum Energy Technologies, Inc. has launched its new electric remotely operated vehicle (EROV) range. Designed and manufactured in-house at Forum’s Kirkbymoorside Yorkshire facility, the XLe Spirit is the company’s first of a new generation of electric ROVs. The vehicle is the smallest in the new range but is powerful enough to perform subsea maintenance and repair work with the use of its optional electric or hydraulic five function manipulator arm. The vehicle’s self regulating power feature compensates for tether losses ensuring a constant and stable power
ROV Sales for Forum Subsea Announced
Forum Subsea Technologies a subsidiary of Forum Energy Technologies, Inc. has announced a strong start to the year with three recent sales awards in Russia and Norway. The deals will see the firm supplying four of its Remotely Operated Vehicles (ROVs) to academia and the aquaculture industry. These wins are in line with the company’s continued growth strategy to diversify into new ROV markets across the globe and complement its work in the oil and gas and renewables sectors. The first sale is to an academic research facility in Russia. Awarded through Forum’s local
Ashtead Technology, Forum Energy Technologies Complete Joint Venture
Ashtead Technology said it has completed its joint venture with Forum Energy Technologies, Inc., effective January 3, 2018. As part of the transaction, Forum Energy Technologies contributed its subsea rentals business, which traded as Forum Subsea Rentals, creating an independent provider of subsea survey and remotely operated vehicle (ROV) equipment rental services. “With a fleet of 19,000 assets valued in excess of $139 million, and the ability to service all major subsea hubs, we become a business of significant scale and enhanced capability that is well placed to
Dynacon, Scantrol Partner to Provide Active Heave Compensation
A launch and recovery systems (LARS) manufacturer has teamed up with a supplier of active heave compensation (AHC) control systems to offer AHC functionality. Dynacon, a Texas-based business line Forum Energy Technologies, Inc., is a manufacturer of handling systems for remote operational vehicles (ROV) and has supplied more than 250 ROV LARS Systems and almost 500 ROV winch systems. Scantrol is an independent supplier of control systems and has specialized in AHC. More than 1,000 vessels worldwide are deployed with a Scantrol system onboard. Together, the companies will offer
VisualSoft Selected for Cable-laying Vessel NKT Victoria
Forum Energy Technologies, Inc. has announced a new contract that will see pipeline and cable survey software installed on the advanced cable laying support vessel NKT Victoria. Two VisualSoft Four Channel High Definition Digital Video Systems (VisualDVR MCHD) will be supplied to iSURVEY Group, a provider of survey and positioning services to the global oil and gas and telecommunications sectors. The first vessel installation for the newest system in the VisualSoft range, is to be utilized on the NKT Victoria in the Moray Firth. The NKT Victoria (DNV-GL Class) is a 140m x 30m
Forum Signs Comanche Deal with Baltic Diver Germany
Forum Energy Technologies, Inc. has announced the sale of two Sub-Atlantic Comanche ROVs to international diving contractor Baltic Taucherei- und Bergungsbetrieb Rostock GmbH (Baltic Diver Germany). The deal, supported by distributor Scholz Ingenieur Bϋro, will see both systems delivered at the beginning of May 2017 following an optimized manufacturing schedule. The Forum Sub-Atlantic Comanche was chosen due to its high thrust-to-weight ratio and compact laydown requirements which make it ideally suited for the operating environments expected by Baltic Diver. Baltic Diver general manager
Forum Brings Multiplexer Technology to Rental Market
Forum Subsea Rentals, a Forum Energy Technologies business, has announced that new multiplexer video and data acquisition technology is available to their global rental market following significant investment in MacArtney’s EMO range. The acquisition of DOMINO-7 Mk II and NANO-MUX multiplexers has been made in response to a growing demand for compact, lightweight designs which deliver enhanced operational efficiencies while supporting a complex array of subsea sensors. The investment not only expands Forum’s extensive range of multiplexers, it brings the newest kit - the NANO-MUX- to
February 2024
