GE acquisition strengthens subsea intervention capability

Offshore staff

OSLO, NorwayGE Oil & Gas (NYSE: GE) has agreed to acquire subsea intervention specialist Advantec.

The acquisition is part of GE’s strategy to address issues affecting the growing number of mature subsea fields, and to strengthen its position as a provider of subsea production equipment and solutions for full life-of-field management.

Advantec, formed in 2005, will operate under the existing name and management team as part of GE’s Subsea Services & Offshore division, continuing to supply products and services directly to existing and new clients.

GE itself is one of Advantec’s largest customers, using the latter’s capabilities in electro-hydraulic subsea controls equipment, system integration and engineering/fabrication to support GE’s installed base of subsea equipment.

Advantec supplies and rents Installation WorkOver Control Systems for subsea intervention tasks.


Share your news with Offshore at

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Shell Leverages Data to Transform from Reactive to Predictive Operations

This 6-page report describes how Shell engaged in a massive project with OSIsoft to transform the...

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...