Global Subsea Processing Market by Component 2003-2017

Global Subsea Processing Market by Component 2003-2017

Expenditure on subsea processing systems is increasing rapidly and is expected to total some $5.1 billion over the 2008-2017 period. The prospect of improved recovery and production is driving operator uptake. so much so that in 2009 we could see as many seabed pumps installed as were installed in total over the 2003-2007 period. Full text

GE Oil and Gas acquire Hydril from tenaris

2008.04.02 - Subsea Headlines

GE's Oil & Gas business today announced the successful completion of its acquisition of Hydril Pressure Control from Tenaris.

Hydril Pressure Control is one of the world's leading suppliers of pressure control equipment used in the oil and gas drilling industry, with a special focus on deep and ultra-deepwater applications. Its product lines include Blowout Preventer (BOP) systems, parts, and repair and field services to maintain its installed base of products.

The business is headquartered in Houston, Texas and employs over 750 people globally, who will join the GE Oil & Gas team of 10,500 professionals operating in more than 70 locations worldwide.




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