In line with its expansion strategy, Dover purchased Accelerated Companies for $430 million, subject to a customary adjustment for working capital, to bolster its position in the U.S. shale market.

Headquartered in The Woodlands, Texas, Accelerated Companies' core offerings include electric submersible pumps (ESP), hydraulic jet pump systems, gas lift systems, surface pumping and modular process systems for filtration, separation, heating and other fluid handling operations.

International energy consultancy Xodus Group announced the launch of a global subsea engineering company in partnership with major oil and gas contractor Saipem and mid and downstream oil and gas giant Chiyoda Corporation. The new organization plans to challenge the largest tier one subsea engineering companies for a share of the global market.

GE announced an expanded working relationship with Intel and Cisco to seamlessly connect the growing number of machines, systems, and edge devices to the Industrial Internet regardless of manufacturer. These co-innovations will allow operators to integrate Predix, GE's software platform for the Industrial Internet, into existing infrastructure.

To demonstrate that CO2 pipelines can be operated safely and to ensure the risks are well understood, industry stakeholders have asked DNV GL to initiate a Joint Industry Project (JIP) "CO2 Subsea Releases - Small Scale Experimental Programme''. Several major operators have already joined the 'Sub-C-O2' JIP including National Grid, ENI, and Petrobras, but there is still time for others to join.