Forum Sells Its Stake in Ashtead Technology
stake in Ashtead Technology in January 2018 as part of the transaction which resulted in a merger between Forum’s subsea rentals business and Ashtead. The merger created the industry’s largest independent provider of subsea survey and remotely operated underwater vehicle (ROV) equipment rental services.Ashtead chief executive Allan Pirie, said, “Since the joint venture with [Forum], we have completed two acquisitions and further expanded our global asset fleet in support of our customers, delivering solid growth as a result.”Pirie said continued investor support will enable Ashtead
Ashtead Invests $3.9 Mln in Its Rental Fleet
a range of industry suppliers including Teledyne, Sonardyne, R2Sonic, EdgeTech and Geometrics, in order to fully support customer projects. The announcement follows the recent completion of Ashtead’s joint venture with Forum Energy Technologies to provide subsea survey and ROV equipment rental services. The combined business, trading as Ashtead Technology, now boasts a fleet of 19,000 assets worth in excess of £100 million supported by 120 staff from its facilities in Aberdeen, Abu Dhabi, London, Houston and Singapore. “Prevailing market conditions are driving a greater willingness
ATLAS MARIDAN to Offer AUV Rental Services
ATLAS MARIDAN ApS. of Rungsted Kyst (Denmark), a subsidiary of the German naval systems supplier ATLAS ELEKTRONIK, has launched an autonomous underwater vehicle (AUV) rental service. The opportunity to rent ATLAS ELEKTRONIK’s latest unmanned underwater technology shall support customers within the offshore oil and gas, renewable energy, UxO and naval markets. The AUV SeaCat has recently finalized its serial maturity process and concluded certifications covering a wide range of requirements for system robustness, environmental conditions, navigational accuracy and transport safety.
Ashtead Technology, Forum Energy Technologies Complete Joint Venture
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 support our customers’ project requirements,” said Allan
Odfjell Well Services Nets Major Contracts
Odfjell Drilling says that its well service division, Odfjell Well Services, has entered into a new contract with Statoil for tubular running services and rental services on the Norwegian continental shelf. During the last six months Odfjell Well Services has secured new contracts with a total estimated turnover of USD 250 million. Statoil has awarded Odfjell Well Services a frame agreement for Tubular running services with a duration of six years from January 2015 plus 2x2 years options. The agreement covers Tubular running services on a selection of Statoil’s installations on the Norwegian
MTR100: Aquatec House
time reporting), a comprehensive range of suspended sediment loggers and profilers (optical and acoustic), and marine mammal deterrents for fishing and construction (targeted at porpoises, dolphins and similar toothed whales). Aquatec design custom products and systems, and offer consultancy and rental services. In the research sector Aquatec maintains strong links with universities and research institutions around the world, and is a prominent partner in collaborative research, complementing its internal, market-led product research and development program. (As published in the July/Aug 2014 edition
Sonar Equipment Services Renamed Subsea Technology & Rentals
. The company can now compliment their equipment supply with skilled offshore engineers to attend vessel mobilizations and support worldwide operations. Through partnerships with manufacturers and other suppliers, such as EdgeTech, Innova and Neptune Oceanographics, STR provides sales as well as rental services and is well positioned to provide procurement guidance for a range of subsea technology.
LAGCOE Announces 2013 Officers
operations in many of the shale plays across North America. Prior to this, Arceneaux was President of Wellbore Energy Solutions, a company he and his partners founded, Executive Vice President with Offshore Energy Services, and he served in various sales and management capacities with Oil & Gas Rental Services after graduating from the Northeastern Louisiana University (now University of Louisiana Monroe) in 1978. Steve Maley has been named 2013 LAGCOE Chairman Elect. Maley has been on the LAGCOE Board of Directors since 2005 and has served as an exhibit judge and Executive Committee member throughout
February 2024
