Forum Energy Technologies (FET) and underwater inspections provider, SAFEEN Survey & Subsea Services, have signed a memorandum of understanding (MOU) to develop electric thrusters for ROVs.
As part of the MOU agreement, the thrusters will be subject to extensive cycle testing to validate functionality, durability and integration capabilities with existing ROV systems.
The development of the thrusters will be overseen by experts from both FET and SAFEEN, driving collaboration through effective communication and coordination of project activities.
The thrusters will be tailored specifically to the requirements of SAFEEN’s submersibles to enhance the performance, efficiency and reliability of their underwater services capabilities.
Recommended Reading
President: Financial Debt for Mexico's Pemex Totaled $106.8B End of 2023
2024-02-21 - President Andres Manuel Lopez Obrador revealed the debt data in a chart from a presentation on Pemex at a government press conference.
Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
2024-04-26 - Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.
BP’s Kate Thomson Promoted to CFO, Joins Board
2024-02-05 - Before becoming BP’s interim CFO in September 2023, Kate Thomson served as senior vice president of finance for production and operations.
Magnolia Oil & Gas Hikes Quarterly Cash Dividend by 13%
2024-02-05 - Magnolia’s dividend will rise 13% to $0.13 per share, the company said.
TPG Adds Lebovitz as Head of Infrastructure for Climate Investing Platform
2024-02-07 - TPG Rise Climate was launched in 2021 to make investments across asset classes in climate solutions globally.