
ABB Names Björn Rosengren as CEO
The Board of ABB has unanimously appointed Björn Rosengren, as Chief Executive Officer. He will join ABB on February 1, 2020 and succeed CEO, Peter Voser, in this role on March 1, 2020. At that time Peter Voser will revert to his position at ABB solely as Chairman of the …

Aker Solutions and FSubsea to Create FASTSubsea to Boost Subsea Oil Recovery
Multiphase subsea pumping technology has the potential to increase oil recovery rates by more than 20 percent, but cost, space limitations and sometimes complex solutions mean multiphase pumps are installed in fewer than 30 of the world’s 1,500+ offshore fields. With FASTSubsea, this is about to change. The new company …

ABB Lands Major Deal for Nine Heavy Lift Vessels Servicing Kazakh Oil Field Expansion
2018-06-05 – Dalfsen, Netherlands: ABB Ability™ Marine Advisory System – OCTOPUS marine software will map the safest and most efficient routes for a fleet of heavy lift vessels servicing the expansion of a giant oil field in Kazakhstan. ABB has secured a series of contracts for nine heavy lift vessels …

Valhall Flank West – Industry Collaboration Writes the Future of Offshore
ABB Oil & Gas will supply the Electro, Instrument, Control, and Telecom (EICT) solutions to the Valhall Flank West unmanned wellhead, as part of Aker BP’s Wellhead Platform Alliance. “Aker BP’s Wellhead Platform Alliance is a major advance for this industry, and proof that through innovating together, we can make …

ABB: Subsea Variable Speed Drive Successfully Tested Under Water
Test simulated harsh water environment to subsea variable speed drive (VSD) and proves reliability of concept as Joint Industry Project team pushes boundaries of traditional product development. The first full scale prototype of a subsea variable speed drive has been successfully tested in a sheltered harbor in Vaasa, Finland, taking …

ABB: Merits of Subsea Long Step-Out Systems for Future Hydrocarbon Recovery Revealed
ABB’s latest white paper explores the potential for using long step-out systems to power subsea pump and compressor applications as a way to economically and safely recover hydrocarbons. The features, advantages and benefits of applying a long step-out system to subsea pumping and compression applications is detailed in a new …

ABB Unveils Model to Transform Big Data into Actionable Insights
New approach resolves problems quicker and increases productivity by improving the interaction between people, information, and operations – first installations show up to 55 percent maintenance reduction and 30 percent reduction in operational expenditures. ABB introduces a new model for its process industries customers to increase productivity and profitability by …

ABB: Ability AssetInsight Enables Cost-Effective Predictive Maintenance
ABB AbilityTM AssetInsight gathers siloed data collected from equipment, transforming it into valuable information that can be acted upon and shared across the organization. The new ABB AbilityTM AssetInsight gives oil, gas and chemicals decision makers a clearer, real-time picture of the health of their operating equipment via a web …

ABB: Next Gen Intelligent Projects Execution Set To Shorten Delivery Time and Lower Cost
Intelligent Projects – A series of hardware, software and process enhancements combine to shorten project schedules, cut costs and minimize risk when executing large scale oil, gas or chemical installations. The next generation project execution model launched by ABB cuts the design, engineering, installation and commissioning time of typical large, …

ABB: Digitalization Helps Companies Thrive in ‘New Normal’ of Low Oil Prices
ABB shows how digitalization can transform oil, gas and chemical operations, bringing greater profitability in tough times. ABB today releases a white paper detailing how existing market dynamics and challenges are forcing a massive change in the oil, gas and chemical (OGC) industries’ approach to technology. Quoting from a range …