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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Chevron Suffers Loss, Plans Job Cuts

Chevron Corp. reported a first-quarter loss as slumping oil prices continued to drag down revenue. The company said that it is "on target" to lay off a total of 8000 workers by the end of 2016,

China COSCO to be First through the Expanded Panama Canal

China COSCO Shipping has won the draw for its container vessel Andronikos to make the ceremonial first transit through the Expanded Panama Canal during the waterway’s inauguration on Sunday, June 26.

Sellick Equipment to Open New Facility

On April, 20, 2016, at the young age of 97 years, Walter Sellick along with sons Howard Sellick - President, David Sellick - Vice President and grandson Colin Sellick - Systems Manager,

Finance

Oil Price Bottoming Depends on Global Growth - IEA chief

International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have bottomed but that would depend on global economic growth. Asked if oil prices had reached a bottom,

ExxonMobil 1Q Profits Plunge 63%

Highlights   * Earnings of $1.8 billion decreased 63 percent from the first quarter of 2015.   * Earnings per share were $0.43 assuming dilution.   * Cash

Shipping, Key Ingredient of EU’s Africa Agenda

The African economy has become one of the most promising global growth markets. Shipping is taking care of the largest part of international trade and in Africa

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
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: 0.0976 sec (10 req/sec)