Telecommunications Solutions News

While maintaining the integrity of power supply, digitalization and the integration of data have been prioritized in the energy transition process, ensuring a robust telecommunications infrastructure is essential for operational success. A well-designed and integrated telecommunications solution is critical in driving offshore wind operations and plays an integral role in connecting hundreds of physical assets and vessels. ABB Energy industries’ Ian Holden explains.Across the world and in many seas, new technologies are being harnessed to meet our power needs.

Power and automation technology group, ABB, informs it has won three orders worth $60 million for internal and external telecommunication systems for three Statoil projects on the Norwegian Continental Shelf. The three contracts have been signed with leading shipyards in South Korea. ABB will be a system integrator of telecommunications on the offshore installations built for the Aasta Hansteen and Gina Krog fields in the Norwegian sector of the North Sea and for the Mariner field in the British sector.

Broadband Satellite Services Limited (BSS), an investment company based in the North East of England, has completed the acquisition of AND Group & the Satcom Global group of companies. Focused on the satellite communication and telecommunication markets, BSS acquired the two businesses as part of its growth strategy, to expand into all of the key vertical markets within the mobile satellite services sector. The merged group has a geographical footprint covering all of the core markets and revenues of over $100 million. "Combining the network assets of AND Group and Satcom Global fits perfectly within our strategic framework of strengthening our end-to-end solutions capabilities in key areas…

Offshore Production more and more important for Oil and Gas Supply Deep water production from the offshore sector will grow considerably in China and worldwide in order to further secure own supplies. Siemens has developed solutions to improve the reliability of and production time for offshore drilling and production platforms. Siemens is teaming up with Chinese shipyards to build up a reputation as key player in the international offshore market which is currently dominated by countries like Korea and Singapore. Offshore market moves from shallow water jackets to deepwater floaters. The challenges in China lies in the exploration and development of new oil and gas deposits in areas that are more difficult to access, such as in the South China Sea.

PetroCom LLC announced that an affiliate of H.I.G. Capital, a Miami-based private investment firm, has completed the previously announced acquisition of PetroCom. Headquartered in New Orleans, PetroCom is a leading cellular carrier in the Gulf of Mexico and a full-service telecommunications solutions provider for the offshore industry. Last year H.I.G., through its Bayside Capital affiliate, acquired Sola Communications, a leader in the delivery of telecommunications related services for the offshore oil and gas and emergency services markets. In connection with its acquisition of PetroCom, H.I.G. also obtained regulatory approval to combine the PetroCom and Sola businesses. PetroCom is the fifth Gulf area company in which H.I.G. has invested in the past few years.

PetroCom LLC has entered into a binding agreement to be acquired by an affiliate of H.I.G. Capital, a Miami-based private investment firm. Headquartered in New Orleans, LA, PetroCom is a leading cellular carrier in the Gulf of Mexico and a full-service telecommunications solutions provider for the offshore industry. PetroCom President Ken Wright commented, "We are thrilled to partner with a premier private equity firm as we enter our next stage of growth. H.I.G.'s investment represents an important milestone in our Company's history, and their support will enable us to significantly expand our footprint. Earlier this year H.I.G., through its Bayside Capital affiliate…