TPi January 2020

Business & market news

4Subsea operator acquired by Subsea 7 4Subsea, a provider of technology and services to oil and gas and offshore wind operators worldwide, has announced it has been acquired by Subsea 7, a subsea engineering, construction and services company serving the offshore energy industry.

In a 100 per cent stock buyout, the acquisition will enable further enhancement and scaling of 4Subsea’s know-how, technology and services to a worldwide market. 4Subsea will function autonomously within Subsea 7, maintaining an independent brand and management team and 4Subsea’s Peter Jenkins will continue in his role as CEO of the company. Speaking about the acquisition, Mr Jenkins said: “We are proud and happy to become a Subsea 7 company, as we regard this as an excellent opportunity to scale our technology and services to a larger market. We aim to combine our ability to deliver quick and targeted business value within well intervention, drilling, subsea operations, and offshore wind with Subsea 7’s strong position as a leading player within the subsea and renewables market. “We believe there is significant value to energy operators in combining our services with Subsea 7’s Field Development and Life of Field business. In addition, we can create value within Subsea 7 with the vessel monitoring project, in the same way we have developed digital twins for subsea production and drilling.”

Stuart Fitzgerald

Peter Jenkins

provided to customers, and to improve efficiency within our own operations and delivery. “4Subsea’s experienced team of subsea domain experts and data scientists provides digital solutions to energy operators, reducing operational risk, cost and providing actionable insights. “We are delighted that the 4Subsea team is now part of our group, and we look forward to jointly delivering enhanced value to our customers.” Subsea 7 www.subsea7.com for improved speed control at high extrusion speeds. A high level of connectivity is standard, as well as Industry 4.0 cloud support. Remote service is available via the Internet using the built-in VPN router. ProfiNet communications allow networking with the rest of the extrusion line. Gillard Cutting Technology www.gillardcutting.com

4Subsea will support Subsea 7 in delivering advanced digital solutions to their customers within Life of Field and Field Development contracts and be a key contributor to the ongoing digital transformation of Subsea 7 business delivery. Stuart Fitzgerald, executive VP, alliances and strategy at Subsea 7, said: “We regard the acquisition of 4Subsea as an important opportunity for Subsea 7 to expand its digital capability and offering. “4Subsea digital insights will create value for Subsea 7 in both our services

New extrusion servo cutter launched Gillard exhibited a new extrusion servo rotary cutter on its stand at the K 2019 event, in Düsseldorf, Germany, in October. The Servo-Torq ® Plus extrusion cutter is designed for plastics, rubbers and many non-polymer materials. accuracy. New Siemens widescreen touch panels allow easy operator control of the machine. The Servo-Torq cutters are available with maximum diameter cutting capacities of up to 150mm. All types of plastic and rubber extruded material can be cut with the machines.

The unit combines the latest Lenze brushless AC servo motors with a fully digital multi-axis control system to activate the rotating knife blade. According to Gillard, very high cut rates are possible, with precise cut length

Integral twin-belt Accra-Feed™ caterpillar infeeder/puller machines are provided to match each cutter model. These feature direct drive AC motors and planetary gearboxes

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TUBE PRODUCTS INTERNATIONAL January 2020

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