Technology

ABS approval awarded to Coltraco Ultrasonics for offshore safety products

Coltraco Ultrasonics have confirmed that they have been awarded ABS Type Approval for two of its leading products used in offshore oil and gas and with navies worldwide

Further supporting the Coltraco Ultrasonics safeship solutions, the innovations have been designed to improve safety at sea for safety critical and high-value assets and infrastructure.

Portalevel MAX is a handheld ultrasonic liquid level indicator for testing cylinder contents of fixed fire extinguishing systems like CO2 and clean agents. UL, RINA, ABS, The Portalevel MAX is in its eighth incarnation and is designed to provide enhanced speed, operation, and performance, especially for high-intensity testing requirements. It is the first UL Approved ultrasonic level indicator that Coltraco Ultrasonics have ever produced.

Portascanner Watertight is a portable ultrasonic watertight integrity indicator for testing the seals of hatch-covers, doors, multiple cable transits and more. RINA, ABS. It has been designed to primarily enhance the ease and accuracy with which critical watertight, airtight or weather tight seals can be inspected for leak sites or areas of reduced compression in the seal.

Eksom announce that Kusile Power Station unit one achieves full load

Last week, Eskom announced that Kusile Power Station’s unit one attained full load, accomplishing yet another key highlight in the power stations history

Quantum and Interica partner to lower cost and increase efficiency of storing oil and gas project data

Quantum and Interica have announced a joint solution which enables oil and gas organisations to add cloud archive storage to their exploration workflows

Amec Foster Wheeler announce take over by Wood Group worth £2.2bn

Amec Foster Wheeler has agreed on a takeover by Wood Group worth £2.2bn (US$2.68bn)

In a deal that will bring together two of the United Kingdoms largest energy service companies, Wood Group and Amec Foster Wheeler have agreed on a multi-billion dollar takeover deal. The deal will create a company with a value of around £5bn (US$6.08bn).

Wood Group hope that they can cut around £110mn (US$134mn) in costs from the combined business. The sectors covered by the new combined business will include the oil and gas, chemical and mining sectors.

On 14 March, the shares in Amec Foster Wheeler increased by 14.7 per cent to GDP 5.61 (US$6.82) per share. The share price of Wood Group also grew by 4.4 per cent to GDP 7.85 (US$9.54) per share.

According to the BBC, Mark Wilson, an analyst at Jefferies, said: "While materially above our Amec valuation, we can see Wood Group consolidating its market-leading UK North Sea business, expanding product lines in the US and possibly increasing the scope for asset sales."

Diesel generators in focus for Export Track 100

A lot of work and careful management are put in to grow a business

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