In the following video, National Oilwell Varco (NOV) and ULSTEIN present what they describe as the “next generation of modern offshore vessels.”
According to the caption of the video published on Ulstein’s YouTube channel “this is the standard for future offshore construction.”
The vessel platform used is the ULSTEIN designed Deepwater Enabler.
The 160.0 m long Deepwater enabler is a Multi-purpose Offshore construction vessel of a highly flexible design that can, according to Ulstein, be customized to meet client’s specifications and requirements.
The construction vessel is designed for various offshore operations. With a simplistic customization process it can be used to install and maintain offshore wind turbines, as well as for flex-lay, well intervention and slim hole drilling operations for the offshore oil and gas industry.
If February this year, Toisa placed an order for a construction vessel of the Deepwater Enabler design. The vessel will be built by South Korea’s Hyundai Heavy Industries.
See the video below:
November 6, 2012-Houston–
NOV’s gift will be used to establish the National Oilwell Varco Computational Engineering Laboratory and to conduct contractual research for UH’s subsea engineering program and NOV.
The computational lab will be used to perform detailed computational calculations on complex subsea equipment that must operate under high-temperature and high-pressure oil and gas conditions that occur in ultra-deep subsea reserves.
The lab also will support the subsea engineering curriculum and students, enabling them to complete capstone design projects using the latest in computational subsea engineering tools.
Recently, UH received the state’s approval to offer the nation’s first subsea engineering graduate program, which will teach the scientific and technical skills necessary to create the first generation of formally trained subsea engineering specialists. UH already offers a certificate program in subsea engineering, which also is the only such program in the United States.
“NOV has made an important investment in UH’s efforts to build a premier graduate program in subsea engineering. We are grateful to NOV for recognizing the value of this ambitious energy initiative,” said Matthew Franchek, founding director of UH’s subsea program and a mechanical engineering professor.
“The subsea engineering graduate program is part of UH’s ongoing efforts to support the area’s energy sector,” Franchek said. “With NOV’s help, this program will produce students with the skills needed to overcome the unique challenges of deepwater exploration.”
The Texas Higher Education Coordinating Board approved UH’s proposal to provide a graduate subsea engineering program, which is expected to begin in fall 2013.
Formed in partnership with the world’s leading energy engineering companies, the master’s program will include classroom lectures and hands-on software education for subsea systems design. Recognized experts in the industry will teach the courses.
Offshore oil and gas reserves are increasingly important sources of energy. Some experts believe that billions of barrels of oil and trillions of cubic feet of natural gas lie within federally controlled waters in the Gulf of Mexico alone. But these massive reserves lie underneath 10,000 feet of water, presenting unprecedented engineering challenges such as freezing temperatures, corrosive seawater and immense water pressure.
A subsea engineer is responsible for the design, installation and maintenance of the equipment, tools and infrastructure used in the underwater phase of the offshore oil and gas drilling and production.
Last year, UH began its subsea engineering certificate program in response to the oil industry’s increasing need for these skilled engineers. It was the first of its kind in the U.S. Subsea engineering typically has not been considered a distinct discipline in the U.S., but a number of universities abroad offer degree programs in the field.
The new subsea graduate program will dovetail into UH’s growing petroleum engineering program, which two years ago established an undergraduate degree program in addition to its graduate curriculum.
About the University of Houston
The University of Houston is a Carnegie-designated Tier One public research university recognized by The Princeton Review as one of the nation’s best colleges for undergraduate education. UH serves the globally competitive Houston and Gulf Coast Region by providing world-class faculty, experiential learning and strategic industry partnerships. Located in the nation’s fourth-largest city, UH serves more than 39,500 students in the most ethnically and culturally diverse region in the country.
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National Oilwell Varco, Inc. and Robbins & Myers have entered into an agreement under which National Oilwell Varco will acquire Robbins & Myers, Inc. (NYSE:RBN) in an all cash transaction that values Robbins & Myers at approximately $2.5 billion.
Under the agreement, Robbins & Myers’ shareholders will receive $60.00 per share in cash in return for each of the approximately 42.4 million shares outstanding (“the Transaction”.) The Boards of Directors of National Oilwell Varco and Robbins & Myers have unanimously approved the transaction, which is subject to customary closing conditions, including the approval of two-thirds of Robbins & Myers shareholders. Closing would be expected to occur in the fourth quarter of calendar 2012.
Robbins & Myers’ largest shareholder, M.H.M. & Co., Ltd, which owns approximately 10% of the outstanding common shares of Robbins & Myers (“Common Stock”) has agreed to vote its Common Stock in favor of the Transaction in accordance with the terms of a support agreement entered into in respect of the Transaction. The support agreement will terminate in the event the merger agreement is terminated in accordance with recommendation of the Board of Robbins & Myers.
Mr. Pete Miller, Chairman, President and CEO of National Oilwell Varco, remarked, “Robbins & Myers has many complementary products with those National Oilwell Varco currently offers the industry. I am particularly enthusiastic about the prospect of incorporating their downhole tools, pumps and valves into National Oilwell Varco Petroleum Services & Supplies and Distribution & Transmission segments. We feel that our combined manufacturing infrastructure and portfolios of technology will further advance our presence in the oil and gas markets we serve. We are extremely excited about this combination and look forward to welcoming a very talented group of employees into the National Oilwell Varco family.”
Mr. Pete Wallace, President and Chief Executive Officer of Robbins & Myers commented, “Robbins & Myers Board of Directors believes that the proposed transaction with National Oilwell Varco represents a compelling value for our shareholders. This transaction allows Robbins & Myers to join forces with an industry leader that will enable its business segments to fully capitalize on their respective strategies, enhance leadership positions in niche applications, and execute growth plans at a faster pace. We have worked hard to create a focused business with reduced complexity and a culture of continuous improvement, all based on improving customer productivity and profitability. This is the right time for this transaction and I believe National Oilwell Varco is the right partner to take us to the next level of performance.”
National Oilwell Varco is a worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production operations, the provision of oilfield services, and supply chain integration services to the upstream oil and gas industry.
Robbins & Myers, Inc., headquartered in Houston, TX, is a leading supplier of engineered, application-critical equipment and systems for global energy, chemical and other industrial markets. The company provides products and services for upstream oil and gas markets, along with a portfolio of industrial process and flow control products. Robbins & Myers has 3,400 employees and operates in 15 countries.
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