ARLINGTON, TX: May 26, 2021 – Oil States Industries, Inc. (OSI) is pleased to announce that during the first quarter of 2021, it has entered into a Letter of Intent (LOI) with Green Minerals AS for a Deepsea Mineral Gathering project. The LOI covers a front-end engineering & design (FEED) study as the first step to delivering a complete Harsh Environment Deepsea Mineral Gathering System for the Norwegian waters.   RiserTec™, an independent division of OSI specializing in riser system engineering and associated global riser analysis (GRA), will lead the FEED study. RiserTec has extensive knowledge and experience of numerous...

ARLINGTON, TX: May 25, 2021 – Oil States Industries, Inc. (OSI) is very pleased to confirm that the company was selected in the first quarter of 2021 by Allseas to supply a Deepsea Minerals Riser System for their deepsea nodule collection vessel, the Hidden Gem.   The project includes the design and manufacture of a deepwater riser system to collect polymetallic nodules in the extremely remote Pacific Ocean Clarion Clipperton Zone.  These nodules contain high concentrations of minerals utilized in electric vehicle batteries, solar panels, and other systems which support the energy transition.   RiserTec™, an independent division of OSI,...

HOUSTON, May 19, 2021 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE: OIS) announced that it was presented with a Spotlight on New Technology® Award by the 2021 Offshore Technology Conference (OTC) for its Merlin™ Deepsea Mineral Riser System. The award recognizes Oil States for their technological advances in support of the developing deepsea minerals industry. Oil States has adapted its Merlin™ riser and connection system technology to support this rapidly developing industry of deepsea minerals gathering. Oil States’ President and Chief Executive Officer, Cindy B. Taylor, stated, “We are proud and honored to receive a Spotlight on New Technology® Award from OTC. Our Merlin™ Deepsea Mineral Riser System provides a robust, fast make-up, hands-free, automated...

Lingshui 17-2 is a deepwater gas field located in the South China Sea, near China’s Hainan Province. With water depths of up to about 1,500 meters, the field is the first ultra-deep project developed by China National Offshore Oil Corporation (CNOOC) in the region. “We are pleased to work with CNOOC and enable the development of the Lingshui gas field with the supply of the first-ever deepwater steel catenary riser FlexJoint™ assembly packages for China,” said Jeff Jewitt, project manager. “The execution of this global project involved bringing together scopes of supply from international suppliers as well as six different...

Oil States Industries is very pleased Cosmos Shoji Co Ltd, Japan have chosen OSI to supply an Automated Hands-Free Deepsea Mining Riser System. The system is based upon Oil States’ field-proven, industry-leading Merlin™ Connector, and designed for rapid deployment in water depths of up to 6,000 meters. Deepsea Mining projects can be located in extremely remote areas, often a four- or five-day sail from the nearest shore.  System reliability therefore is critical.  OSI’s non-helical Merlin Connector is easier to reliably automate, faster to deploy, and with no moving parts is not subject to the many mechanical issues typically found in...