FMC acquire strategic share of Roxar
2008.11.21 -
Subsea Headlines
FMC Technologies Inc., acting through it`s wholly owned subsidiary FMC Kongsberg Holdings AS, has acquired 25,000,000 shares in Roxar ASA, representing 10.27% of Roxar`s outstanding share capital. Roxar is a strategic supplier to FMC Technologies of components for subsea and other applications and this transaction will strengthen the relationship between the companies.`
Roxar ASA is an international technology solutions provider to the upstream oil and gas industry. The company creates value for its customers with innovative and professionally delivered solutions that increase performance from oil and gas reservoirs and allow the operator to make better decisions with the maximum amount of information.
Applied Acoustics has recently announced the sale of its 50th Easytrak subsea tracking system at Offshore Europe, Aberdeen. The system is one of a pair that has been ordered by CaspianLab in Azerbaijan for use in their operations in the Caspian Sea.
The Tampen Link pipeline for gas export from the North Sea’s Statfjord field to the St Fergus gas terminal in Scotland opened on Friday evening. The field is consequently beginning a new era.
StatoilHydro, as operator of the Troll field, has recommended to its partners to discontinue the Troll Future Development project.
Petrobras Americas Inc. has awarded Aker Kvaerner a contract to supply subsea power cables and control umbilicals to its Cascade and Chinook fields in the Gulf of Mexico. The contract, worth approximately USD 65 million, represents a significant breakthrough for Aker Kvaerner's power cable technology.
StatoilHydro will today, 25th of October, sign a frame agreement with Gazprom to become partner in the Shtokman development, phase 1.
