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Innovating While Drilling®

Forsys Subsea aims to reduce subsea CAPEX by 30%

Declining returns due to increasing costs in deepwater projects were a thorn in the eye of operators long before $50/bbl oil. But now, more than ever, trimming CAPEX requirements has become essential to make certain projects economic. To help address this challenge, oilfield service companies FMC Technologies and Technip are teaming up to streamline subsea design, delivery and maintenance through a new joint venture called Forsys Subsea.

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GE releases new remote collaboration software to improve asset reliability inspections

GE Oil & Gas announced the release of InspectionWorks Connect, a remote collaboration software platform for the nondestructive testing (NDT) and inspection industry. InspectionWorks Connect provides real-time access to live inspection video and data from anywhere in the world, which enables smarter, faster decision-making, improves inspector productivity and reduces training costs.

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