ABB and Canyon Offshore sign cable co-operation agreement
ABB, the leading power and automation technology group, has signed a cooperation agreement with Canyon Offshore for trenching services to support ABB’s subsea high-voltage cable installation projects.
“Subsea cables are increasingly being deployed for interconnections and offshore wind integration projects,” said Martin Gross, head of ABB’s Grid Systems business, within the Power Systems division. “This collaboration will further strengthen ABB’s project capability in this specialized and growing market.”
Established in 1996 and now part of Helix Energy Solutions Group Inc, Canyon Offshore has established its credentials as one of the most innovative and reliable marine contractors in the world with specialized solutions for underwater and unmanned services in extreme environments. The company has an expanding fleet of purpose-built trenching vessels and access to a large fleet of dynamically positioned vessels capable of responding to extreme weather conditions.
A new study published today by analysts Douglas-Westwood The World Deepwater Market Report 2008-2012 forecasts that nearly $25 billion will be spent annually in deepwater capital expenditure by 2012. Speaking at the Deep Offshore Technology International Conference 2007, Stavanger, today, John Westwood, Douglas-Westwood MD commented that “the deepwater oil & gas industry is set for continued growth through to 2012, with over 30% growth forecast for the 2008-2012 period when compared with the previous five years.
The Arctic will become increasingly important, not least because of oil and gas, believes Norwegian foreign minister Johan Gahr Støre. But Norway will not be planting a flag at the North Pole.
BP is today announcing proposed plans for important changes to its North Sea organisation, headquartered in Aberdeen, designed to secure a long-term future for the company's oil and gas business in the UK.
GE Energy announced today it has completed the acquisition of Sondex plc to further expand its capability and expertise in oil & gas drilling and wireline technology.
ODIM ASA has reached agreement today on acquiring ABAS Crane of Aukra and Aker Brattvaag Winch in Søvik for a total of NOK 80 million. These two companies deliver such products as special cranes, lifting systems and specialised electrical winches for ships and offshore installations