Engineered Equipment News

Subsea Innovation, the supplier engineered equipment and technology used in the installation of subsea equipment for the offshore oil and gas, has announced two high profile contract wins with Royal IHC, as part of a collaborative framework agreement.A press release from the  offshore energy engineering compmany said that  will be supporting their client Royal IHC Limited on the design, development, manufacture and supply of back deck equipment on two projects to be completed throughout 2018 and 2019."For both projects, which include a reel lay project and a J lay project, Subsea Innovation will be producing a range of back deck equipment including Pipeline End Termination (PLET) manipulators…

KENC Oil & Gas, specialists in the design, fabrication and supply of custom engineered equipment, will move to new, larger premises to meet growing demand from the on and offshore industries. From mid-July, KENC’s new headquarters will be at a 450m2 facility nearby the company’s existing address in Oldenzaal, the Netherlands. “This expansion is necessary thanks to the increasing number and size of engineering projects we are completing,” notes company founder Eric Buining. “We design, fabricate and supply increasingly specialized upstream oil and gas equipment. To meet that demand, not only are we expanding our facilities, but KENC’s expert workforce is also growing. Since the company was founded, KENC has shown solid growth.

Chart Industries, Inc., an independent global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases, today announced that Chart Ferox, a.s., a member of its Distribution and Storage (D&S) segment in Europe, has been awarded a contract by Hybrid Port Energy Gmbh & Co. KG (HPE), a subsidiary of Becker Marine Systems Gmbh & Co. KG, to provide LNG fuel storage and processing equipment for an LNG-Hybrid Barge, which will operate in Hamburg's HafenCity. The LNG-Hybrid Barge is a unique project between HPE and cruise liner operators and will provide power to cruise liners…

US-based PaR Systems Inc. acquires UK company Marine Systems Technology Ltd. PaR Systems, Inc. announces the purchase of Marine Systems Technology Ltd., a leading expert in lightweight composites, fire protection and composite engineering, and affiliated company MST Engineering Ltd., designers and manufacturers of marine doors, panels, hatches, scuttles, and other products. Both companies are located in Winsford, United Kingdom. Marine Systems Technology (MST) invented the patented composite technology COMFIRE®, which provides a major advance in passive fire protection at the highest level on military and commercial ships. MST was recently the first company ever to qualify a door to exacting US Navy fire boundary specifications.

MIS Co. Ltd. Inc. (OSE: MIS) reported record fourth quarter and fiscal year revenues of $125.1m and $387.5m, respectively and closes 2008 with a net profit of $8m and a record quarterly net profit of US$8m in Q4. This strong revenue increase and highest ever quarterly net profit is primarily driven by closing increasing volumes of contracts for the New Build Rigs value stream while maintaining MIS' market share in its traditional works value streams: Rig Refurbishment, EPC and Site Projects, Pressure Vessel, Process and General Fabrication and Technical and Safety Services. The first New Build Rig to be delivered by MIS (Hull #104) was completed with the issue of an ABS Class Certificate and formal Acceptance for Delivery Protocol agreed with MIS' client Seawolf Oilfield Services.

Mitsubishi Heavy Industries Ltd. (MHI) of Japan has signed contracts to purchase eMARIAN(TM) materials management software and services from the Process, Power & Offshore division of Intergraph Corporation (Nasdaq:INGR). The contracts cover software and services for installation, systems integration and consulting. Implementation of eMARIAN is underway in MHI's Yokohama Engineering & Construction Center (MCEC) and will be extended to construction sites around the world. The sale includes integration with the MCEC SAP R/3 system for cost control. eMARIAN users include MHI's mechanical and equipment, instrumentation, piping, electrical, civil and structural engineering disciplines.

Better Dredges, Inc., an affiliate of Dredging Supply Company, Inc., recently acquired W&S Dredge Manufacturer, a Michigan-based manufacturer, to expand its dredge product line. Thomas Wetta founded Better Dredges, Inc. (BDI) in 2004 in order to allow Dredging Supply Company, Inc. to offer a mechanically driven dredge line to compliment its existing automated products. BDI was then created to offer a mechanically driven product without sacrificing DSC’s unmatched quality. DSC was not interested in creating a line that would compete with its existing automated products, but instead wanted to produce more options for the industry. Since its origination, BDI has been seeking an opportunity that would enable its growth in this extremely specific market.

Better Dredges, Inc., an affiliate of Dredging Supply Company, Inc., recently acquired W&S Dredge Manufacturer, a Michigan-based manufacturer, to expand its dredge product line. Thomas Wetta founded Better Dredges, Inc. (BDI) in 2004 in order to allow Dredging Supply Company, Inc. to offer a mechanically driven dredge line to compliment its existing automated products. BDI was then created to offer a mechanically driven product without sacrificing DSC’s unmatched quality. DSC was not interested in creating a line that would compete with its existing automated products, but instead wanted to produce more options for the industry. Since its origination, BDI has been seeking an opportunity that would enable its growth in this extremely specific market.