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Provider: ValuEngine, Inc.
Provider: ValuEngine, Inc.
Provider: Stock Traders Daily
Provider: S&P Capital IQ – STARS Reports

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ABB Ltd and Statoil to Develop Deepwater Subsea Power and Control Technologies

Friday, 6 Sep 2013 08:34am EDT 

ABB Ltd announced that the Company has entered into a joint industry program (JIP) with the Norwegian oil and gas company, Statoil. The program will develop solutions for transmission, distribution and power conversion systems designed to power and control subsea pumps and gas compressors at depths of 3,000 meters and over vast distances. The five year program is pivotal to the development of technologies required to power and control large-scale subsea pumping and gas-compression projects planned for the Norwegian continental shelf, the Gulf of Mexico and other places around the world. 

Company Quote

0.33 +1.60%
11:18am EDT