TechnipFMC, Magma Global join forces on Hybrid Flexible Pipe
TechnipFMC has agreed the terms of a collaboration agreement with Magma Global Ltd. to develop a new generation of hybrid flexible pipe (HFP) for use in offshore applications. HFP is expected to provide increased strength and fatigue performance, while also achieving dramatic weight and cost reductions, for subsea fluid transport applications. As part of the collaboration, TechnipFMC is purchasing a minority stake in Magma Global. Barry Glickman, President of Engineering, Manufacturing & Supply Chain at TechnipFMC, stated, “I am very pleased that we have reached this agreement with Magma
Two Named to NSRI Board
of the Robert Gordon University and a member of the PILOT steering group on technology leadership. His original venture - Water Weights, was established in 1985, and now forms part of Imes Group, employing over 240 staff with an annual turnover of $26 million. Martin Jones is chief executive of Magma Global Ltd, which he founded in 2010 to manufacture high quality carbon fiber pipe for subsea exploration and production. In 1991, Jones founded Ad Valorem, a specialist consultancy providing financial services, regulatory advice and corrective action, which was acquired by Money Extra. He went on to found