LR Acquires Capstone Engineering

Tuesday, October 04, 2005
Lloyd’s Register Americas, Inc. has acquired Capstone Engineering Services, Inc. and Capstone Software Systems, Inc. The acquisition will be renamed Lloyd’s Register Capstone, Inc. and will strengthen the Lloyd’s Register Group’s integrity services business and provide its oil and gas business with a broader base in the Americas. With the addition of Capstone software, RBMI, the Lloyd’s Register Group strengthens its position by enhancing its world-class, risk and asset management services, and its client-focused, software solutions.

Capstone, a Houston-based company, has been helping clients improve process plant reliability and equipment integrity by providing a set of integrated consulting services and the most comprehensive risk-based inspection (RBI) software on the market. Capstone’s technology utilises risk-based models and inspection planning rules to optimise the inspection and maintenance of process-facility assets.

Capstone’s RBMI software is a fully-integrated, software application used to implement risk-based inspection for all categories of static equipment. This application is the industry’s first integrated software package that manages the full cycle of RBI, including the generation of dynamic inspection plans and updating of risk after an inspection is completed. The RBMI software complies with the requirements of Recommended Practice (RP-580) for RBI, and the latest editions of American Petroleum Institute (API) Inspection Codes.

Over the last several years Capstone has developed an asset performance management (APM) system, integrating existing management systems, maintenance, reliability engineering, technical integrity, and risk management for physical assets. APM assists clients in achieving their business objectives and contributes significant value to the organisation while driving the overall performance of physical assets, resulting in improved safety, availability, and profitability. Strategically changing and institutionalising how assets are managed within the organisation will create a competitive advantage while providing world-class results.

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Diamond Offshore Shares on the Rise

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices,

Italian Pleads Guilty to Marine-hose Price-fixing in US

A former executive of Parker ITR Srl pleaded guilty on Thursday to conspiring to rig bids for marine hose and was sentenced to two years in prison, the U.S. Justice Department said on Thursday.

Ecochlor Raises $10m for BWT Maket

Ecochlor, Inc. announced that it has completed a $10 million equity financing to support its growth into the burgeoning ballast water treatment market. Since its formation in 2001,

Finance

ExxonMobil Donates $13.4 Million to 'United Way of Greater Houston'

ExxonMobil employees and retirees raised a record $13.41 million for the United Way of Greater Houston during its 2013 community campaign, which was the largest

Diamond Offshore Shares on the Rise

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices,

Ecochlor Raises $10m for BWT Maket

Ecochlor, Inc. announced that it has completed a $10 million equity financing to support its growth into the burgeoning ballast water treatment market. Since its formation in 2001,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1196 sec (8 req/sec)