#Norway #Oslo #Hexagon Agility #TITAN 450 #Oilfield Services

Hexagon Agility Secures Major Order for TITAN 450 Modules

In a significant step towards energy transformation in the oil and gas industry, Hexagon Agility has announced a new order for its Mobile Pipeline® TITAN 450 modules from a top-tier U.S. Oilfield Services company. This strategic acquisition, valued at approximately USD 11.2 million (around NOK 127 million), sets the stage for a shift in how energy is sourced and utilized in one of the most demanding sectors in the world.

This order comes at a time when the need for more sustainable and cost-effective energy solutions has never been greater. The Mobile Pipeline® system will allow this oilfield services provider to transition their well completion equipment from diesel fuel to cleaner natural gas. This switch is not only expected to significantly cut carbon emissions but also reduce overall operating costs, benefiting both the environment and the company's bottom line.

The Significance of a Cleaner Transition

The oil and gas industry has been facing increasing pressure to adopt more sustainable practices. Natural gas, due to its lower carbon footprint compared to diesel, is becoming the preferred alternative in energy-intensive applications, especially in remote and rugged locations where Oilfield Services often operate. Hexagon Agility’s Mobile Pipeline modules play a critical role in this transition, offering a reliable energy supply that is both efficient and environmentally friendly.

Mark Babcock, Senior Director of Sales for Mobile Pipeline at Hexagon Agility, expressed the company’s commitment to fostering these transformations. He stated, “We remain committed to driving energy transformation. Launched a year and a half ago, the TITAN 450 has set a new standard in maintainability and uptime reliability.” This dedication is evident in the performance and safety record of the modules, with over 2,100 units currently deployed globally.

Order Details and Future Plans

Deliveries of the TITAN 450 modules are scheduled to commence in the second quarter of 2025, marking an exciting upcoming phase for Hexagon Agility as they continue to expand their influence in the clean energy sector. This collaboration reinforces their standing as a leader in providing innovative, reliable solutions that cater to the evolving needs of the global energy market.

Hexagon Agility’s range of products, including lightweight Type 4 composite natural gas cylinders and renewable natural gas fuel systems, highlights their dedication to creating streamlined processes for clean gaseous fuel transportation. Their technologies not only facilitate a reduction in greenhouse gas emissions but also help businesses lower their operational costs, thus merging economic benefits with environmental responsibility.

For more information, interested parties can contact Berit-Cathrin Høyvik, Senior Director of Communications at Hexagon Composites, or David Bandele, CFO of Hexagon Composites, via the details provided in their press release.

As the world looks toward a sustainable energy future, Hexagon Agility’s initiatives with the TITAN 450 exemplify how strategic decisions and innovative technology can pave the way for a greener tomorrow in the oilfield services industry. The commitment to cutting carbon emissions while enhancing efficiency is a testament to the ongoing changes within the energy landscape and the role companies like Hexagon Agility will play in shaping this future.