Marine link
 
Articles - Offshore Oil - History

Hitec To A c q u i r e M a r i n e Consulting G r o u p

Hitec AS announced its intention to make an offer for all outstanding shares of Marine Consulting Group AS (MCG). The offer has been recommended by the board of MCG, and the four major shareholders have sold their 50.3 percent holdings.

The reason for the acquisition is the significant synergy effects perceived related to technology, market and products. With access to each other's technology, the two companies believe they will be able to develop new products, both jointly and separately. Hitec's multi-purpose remote control unit, for example, combined with MCG's technology, will result in simplified and more user-friendly systems. With access to Hitec's software and control systems, MCG will be able to increase the technological content in its products — a factor that will strengthen the company's competitive position.

Marine Consulting Group is a supplier of systems for offshore transfer of crude oil. The company's systems for oil transfer consist of the Bow Loading System (BLS), the Stern Discharge Systems (SDS), and the combined loading and offloading Stern Loading and Discharge system (SLDS). The company's STL (Submerged Turret Loading) concept represents its most important area of business. The STL system was developed in the spring of 1992 in cooperation with Statoil and Marintek. The company has exclusive worldwide rights to the production and distribution of ship-related parts of the STL technology. MCG has delivered more than 20 systems for loading and offloading shuttle tankers and floating storage vessels. Multi-Fluid specializes in instruments for multi-phase metering.

The multi-phase meter makes it possible to accurately measure water, gas and oil flows from wells, without separating the different components.

UDS is a Norwegian company with special competence in the design of remotely controlled subsea operations. Hitec's remote control technology together with UDS' subsea experience, it is believed, will provide the necessary foundation for becoming a leading supplier of advanced subsea vessels and robots in the future.

For more information on Hitec AS Circle 9 4 on Reader Service Card




Offshore Oil History

Atlantic Marine Celebrates Dedication Of Glomar Explorer
Biollinger Adapts To Address Changing Markets
Daewoo Receives $185 Million Order From Chevron
Dubai Wins FSO Conversion; Dalian Completes Graving Dock
Entomology for the millennium: Options for the bugs
GLO Solicits Commenb On Oil Spill Legislation
Global Marine Significantly Extends Its Deepwater Capabilities With Two Newbuilds
Marcon International Sells Vessels For Canadian Marine, Hornbeck
More Horsepower, More Business
New Cat Engines Offer Fuel Savings, Low Emissions for OSVs
Oceaneering Completes FPSO Conversion
Oil Ma|ors Rally To Support Offshore Energy Center
Oil Morkof Umerlointios J o What Else Is Now?
Oil Price Instability Slows Offshore Euphoria
OPA ' 9 0 Implementation
PC Operator Workstation Uniquely Suited For Maritime Use
San Diego Firm To Develop Oregon Site For Shipbuilding
SCANDINAVIA. A Region Of Technology Drivers
Seabulk Acquires Eight More Crewboats
Seabulk Offshore Ltd. Modernizes Offshore Supply Vessel Fleet
Seabulk Offshore Ltd. Modernizes Offshore Supply Vessel Fleet
Shifting Tides Continue To Produce Uncertainty
Taming The Ether: The Task Of Linking Hibernia To civilization
The Irish Sea Pioneer: A New Generation Of Giant Liftboat
The Storm Before The Calm?
The Year In Review
Tsuneishi Wins Contract To Build 125,000-DWT Shuttle Tanker
Ulstein Supplies Revised Thrusters, K-Series Engines
Weathering The Storm. National Weather Service Modernization to provide the maritime industry with improved weather prediction
Workboats Northwest Builds USCG-Certified "Near Shore1' Oil Spill Control Vossol
 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright