Forum Energy Technologies said June 8 that Wuxi Haiying-Cal Tec Marine Technology Co. Ltd. will represent Forum for the sale of the company’s extensive range of remotely operated vehicles in China, including its recently launched XLe Spirit electric ROV.
The vehicle, which recently completed a successful sea trial in Norway, is the first of a new generation of electric observation class ROVs. It is the smallest in the new range, and powerful enough to perform subsea maintenance and repair work.
“We continue to see strong demand for our products in China and the wider Asian market, and recognized the need for a local partner to support our long-term growth strategy,” Kevin Taylor, vice president of subsea vehicles at Forum Energy Technologies, said.
“It’s important that we work with the best and most well-respected partners in-country and Wuxi Haiying-Cal Tec Marine Technology Co. Ltd. provides us with another strong channel to complement our existing framework across the academic, survey and energy markets.
“This agreement ensures that our clients in China receive the same streamlined and consistent support they are accustomed to around the globe. We look forward to engaging with new and existing companies through this partnership to grow our foothold in China and deliver our world-class range of reliable ROVs.”
Recommended Reading
Hess Midstream Subsidiary to Buy Back $100MM of Class B Units
2024-03-13 - Hess Midstream subsidiary Hess Midstream Operations will repurchase approximately 2 million Class B units equal to 1.2% of the company.
Plains All American Names Michelle Podavin Midstream Canada President
2024-03-05 - Michelle Podavin, who currently serves as senior vice president of NGL commercial assets for Plains Midstream Canada, will become president of the business unit in June.
Matador Completes NatGas Connections in Delaware Basin
2024-03-25 - Matador Resources completed natural gas pipeline connections between Pronto Midstream to San Mateo Midstream and to Matador’s acreage in the Delaware Basin.
Targa Resources Ups Quarterly Dividend by 50% YoY
2024-04-12 - Targa Resource’s board of directors increased the first-quarter 2024 dividend by 50% compared to the same quarter a year ago.
Pembina Declares Series of Quarterly Dividends
2024-04-10 - Pembina Pipeline Corp’s board of directors declared quarterly dividends for series 1, 3, 5, 7, 9, 15, 17, 19, 21, 22 and 25.