Rotork Acquires Masso
Rotork announced it has acquired Masso Ind s.p.a., a manufacturer of shipboard valve remote control systems (VRCS), to enhance its range of flow control products and services for the worldwide marine and offshore industries. Masso VRCS solutions include hydraulic and electro-hydraulic systems that are compatible with most integrated automation systems required for critical safety applications. The Masso product range also includes hydraulic quarter-turn and linear actuators, hydraulic power packs, solenoid cabinets and electro-hydraulic actuators for shipboard applications.
Curtiss-Wright Acquires Nu-Torque
Curtiss-Wright Corporation (NYSE:CW) has acquired substantially all of the assets of Nu-Torque, a designer and manufacturer of electric and hydraulic valve actuation and control devices primarily for U.S. Navy ships. The business will become part of Curtiss-Wright's Flow Control segment. Curtiss-Wright Chairman and CEO Martin R. Benante said, "Nu-Torque also provides the opportunity to expand our presence in the U.S. Nu-Torque was founded in 1980 and acquired in 2002 by Tyco Flow Control, a unit of Tyco International Ltd. With annual sales of approximately $8m, typical applications for the Nu-Torque products are for valve automation of shipboard fluid systems, such as fire main, ballast and various safety systems on numerous categories of Navy combatant ships.
MacGregor Provides Flexible Cement Handling
A new self-loading/unloading cement carrier for Japanese Taiheiyo Engineering Co will feature MacGregor cement handling systems designed to carry three grades of cement at a rated capacity of 1,000t/h. MacGregor, part of Cargotec, has secured a new order for autonomous loading and unloading systems for an 8,700 dwt cement carrier to be built for Japanese shipowner Taiheiyo Kisen Kaisha Ltd. "The totally enclosed cement handling arrangements will ensure flexible, efficient and clean cargo operations," said Anders Berencsy, Sales Manager, Selfunloaders at MacGregor. The 109m vessel will have four cargo holds, each divided into two compartments. The cement handling system is designed to carry up to three grades of cement in each shipment.
Farris, JA Moody Declare Sales Partnership
Farris Engineering, a business unit of Curtiss-Wright Flow Control, announced it has entered into an agreement with marine valve sales and service company JA Mood,. designating them as the Farris Engineering sales representative to the U.S. Navy and commercial marine markets. JA Moody brings to the agreement more than 50 years of experience in flow control products for naval and commercial marine customers with specialized expertise in Navy and other military-specified valves and valve actuation. With five sales offices located in major port cities along the Pacific, Gulf and Atlantic coasts, JA Moody is strategically positioned to represent Farris products aimed directly to the marine market. “Our agreement with JA.
Curtiss-Wright Awarded $14.6M in Contracts
Curtiss-Wright Corporation announced it has been awarded $14.6 million of contracts from Northrop Grumman Newport News to design and manufacture engineered pumps for use on the United States Navy's next generation CVN-21 Class aircraft carriers. The pumps will be manufactured by Curtiss-Wright's Flow Control segment located in Phillipsburg, NJ, and delivered in 2008 and 2009. Construction on the first aircraft carrier is scheduled to begin in 2007, but Curtiss-Wright began development work for the program in 2001 and will provide many of the carrier's long-lead products, including pumps, valves and generator systems. The newly designed CVN-21 is more than 1…
ITT Industries Appoints New President, Specialty Products
ITT Industries, Inc. has appointed Brenda L. Reichelderfer as president of the company's Specialty Products businesses. A 19-year ITT veteran, Reichelderfer was most recently president of the company's Flow Control group, which is part of the Specialty Products segment that is a group of businesses producing a variety of engineered products, including valves and switches for industrial and aerospace applications and products for the marine and leisure markets. Reichelderfer's promotion follows the announced retirement of Richard J. M. Hamilton, who most recently led the Specialty Products segment. Hamilton, who has been with the company since 1971, will remain through the end of the year to assist in Reichelderfer's transition.
World Wide Metric to Exhibit at 2013 International Work Boat Show
World Wide Metric announced they will be exhibiting at the 2013 International Work Boat Show in New Orleans, Louisiana on October 9-11, 2013 at booth #3542. This year they will strive to educate attendees about their products at the show, that include vent head and butterfly valves, hydraulic fittings and tubes, pipe couplings and anticorrosion products. The International Work Boat Show connects attendees to the best resources in the maritime industry all in one convenient location. With more than 1,000 exhibitors and thousands of innovative products, attendees can meet and negotiate face to face with colleagues and suppliers to find new ideas that bring in business and save money.
Better Flow Control for Multi-pump Applications
The VACON 100 FLOW is an AC drive designed to improve flow control for multi-pump applications in which several pumps are used in place of a single one. Multiple pump solutions help lighten the load by spreading it across several pumps, thus offering greater energy efficiency and system redundancy – if one pump fails, the others can take up the additional load. For operations in which demand fluctuates throughout the course of the day, such as a municipal water system providing peak water consumption in the morning and minimal usage at night…
USN Chooses Hoffer System for Energy Dashboard
Hoffer Flow Controls, Inc. recently received a new contract from the U. S. Navy Sea Systems Command to supply fuel flow measurement systems as a part of the U.S. Navy’s Energy Dashboard Program. Hoffer fuel measurement systems are currently incorporated into the “Energy Dashboard Proof-of-Concept System” aboard several of the US Navy DDG51 class ships. The new contract will expand significantly the number of ships equipped with these systems. The “Energy Dashboard” uses an integrated condition assessment system…
Subsea J/V Launched by Cameron & Schlumberger
The joint venture company, OneSubsea, is to manufacture and develop products, systems and services for the subsea oil and gas market. This new company intends to offer a step change in reservoir recovery for the subsea oil and gas industry through integration and optimization of the entire production system over the life of the field. The integration of the production system will be accomplished by combining superior reservoir knowledge and wellbore technologies, with industry leading subsea technologies, all together delivering enhanced productivity, reliability and integrity. Cameron and Schlumberger have 60/40 ownership of the joint venture, respectively, and the transaction is subject to regulatory approvals and other customary closing conditions.
Norvestor to Become PG’s Largest Shareholder
Norvestor VI, L.P., a fund advised by Norvestor Equity AS, announced it has signed an agreement to invest in Ing Per Gjerdrum AS including its subsidiaries PG Hydraulics AS and PG Construction AS. The transaction is expected to close end of October 2014, subject to customary approval from the Norwegian Competition Authorities. Following the acquisition, Norvestor will become the largest shareholder in PG with about 63 % of the shares, while the remaining shares will be held by Mads Gjerdrum and Roy Norum. The company had revenues of NOK 552 million in 2013.
Alfa Laval Debuts FlowSync
Flow optimization of the separator feed increases protection from cat fines while decreasing energy use. The new Alfa Laval FlowSync is a single solution for automatic flow control, unique in its ability to steer multiple separator feeds simultaneously. Alfa Laval FlowSync is an automatic control system that synchronizes the oil feed to Alfa Laval separators with the engine load. By matching the flow of fuel to the engine’s needs, it increases retention time in the separator bowl, giving the separators the best possible conditions for doing their job.
Metso Improving Offshore Energy Safety
Metso introduces new solutions for improved safety in upstream offshore industry. New stainless steel version of Metso's intelligent safety valve controller Neles ValvGuard offers market leading pneumatics capacity, extensive safety valve testing capabilities and enhanced online condition monitoring features resulting in improved safety and availability at offshore platforms. To complement its Smart Product offering for offshore customers Metso has released stainless steel versions…
CPL Introduces Offshore Service
Control Products of Louisiana (CPL) a subsidiary of Paradigm Services LP introduces offshore services; leveraging their position as a leading source for remanufactured Fisher Control Valves, for onshore and offshore repair, and servicing all types of valves and process instrumentation as well as new and used parts replacement. CPL uses in-house resources to develop engineered solutions for aerodynamic as well as hydrodynamic severe service applications. "We have the best technicians and decades of experience -- now we are able to operate anywhere our services are needed," said David Douglas, President of Paradigm Services LP, parent company for CPL.
Significant Contract Win for EFC
Electro-Flow Controls (EFC), an Aberdeen-based leading designer and manufacturer of instrumentation, monitoring and control systems for the global oil and gas industry, has secured a contract worth over $900,000 with Helix Well Ops (UK). The provider of life-of-field services and development solutions has contracted EFC to design and supply riser handling and additional storage solutions for the company’s Well Enhancer vessel. Bob Will, EFC managing director said: “EFC offered its conceptual design service…
Norwegian Epic Drydocks at Damen Shiprepair
On Sunday, 27 September, Norwegian Cruise Line’scruise vessel,Norwegian Epic, entered Damen Shiprepair Brest for a scheduled refit and maintenance programme. The vessel will remain in Brest’s largest drydockuntil18 October. The yard, besides executing the repair and maintenance works, provides all necessary logistic services to Norwegian Cruise Line’sarranged contractors. “This isn’t just another mega-class cruise ship”, explains Robert Diepenbroek, Managing Director at Damen Shiprepair Brest.Norwegian Epic is cruising reimagined with innovations never before seen at sea.
Schlumberger, Cameron Merger Complete
Schlumberger Limited (NYSE:SLB) announced today that it has closed its merger with Cameron International Corporation. As previously announced, each Cameron stockholder is entitled to receive 0.716 shares of Schlumberger common stock and $14.44 in cash, in exchange for each Cameron share. Schlumberger has issued approximately 138 million shares pursuant to the merger. As a result, former Cameron stockholders own approximately 10% of Schlumberger’s outstanding shares of common stock.
World Wide Metric Introduces Garlock Gaskets
World Wide Metric Announces the Addition of Garlock Gaskets. World Wide Metric has recently added gaskets to our wide variety of products. Recently partnering with Garlock, a well known provider of high-performance fluid sealing products for the world’s processing industries, Garlock 5500 Gaskets are now available in full face and ring type in metric JIS and DIN flange configurations. The Garlock 5500 provides a tight seal that offers great stability with minimal weight loss. As well as a reduced creep relaxation with an improved retention providing optimal seal ability. Garlock 5500’s non-oxidizing fibers withstand continuous operating temperature of up to 550°F (290°C), and maximum spike of 800°F.
Simmons UK Double Up on Oil & Gas Deals
Simmons & Co in Aberdeen completed 14 deals in 2012 valued $2.3-billion, more than double the 2011 total value. The corporate finance advisers to the energy sector have played a significant role in many of the most prominent transactions that took place across the oil and gas service sector in 2012 including deals subsea, well services, drilling and completions sectors. Colin Welsh, chief executive officer at Simmons said: "Getting the best result for our clients in the current environment has been challenging because the market dynamics keep changing as new buyers emerge and the sector becomes more geographically diverse. It helps that we focus exclusively on energy because our market intelligence is always current".
Neil Mackintosh apponted President of INTECSEA
WorleyParsons announced the appointment of Neil Mackintosh as INTECSEA president, following the retirement of Uri Nooteboom. Mackintosh will join INTECSEA on July 8, 2014 and be based in Houston, Texas. Departing president Uri Nooteboom will assist Mackintosh with his transition until the end of August and be available as an advisor to Neil thereafter. Nooteboom joined INTECSEA in 1990. Over the years he has taken on leadership roles of increasing responsibility and in 2010 was named president of INTECSEA. Incoming president Neil Mackintosh joins INTECSEA from Genesis Subsea (Technip) where he recently served as Senior Vice President. Prior to Technip, he held multiple commercial, technical and operational leadership roles with McDermott, Flow Control and Cameron.
PPG Appoints Sklarsky
PPG Industries said Frank S. Sklarsky will join the company as executive vice president for finance, effective April 15, reporting to Chairman and CEO Charles E. Bunch. Also, effective August 1, Sklarsky will be named PPG executive vice president and chief financial officer. David B. Navikas, currently PPG senior vice president, finance and chief financial officer, will continue in his current role until August 1, and will then continue as senior vice president in a senior leadership role that will be announced later. Most recently, Sklarsky was executive vice president and chief financial officer, Tyco International, Ltd., a global provider of security, fire protection and flow control solutions with revenues that exceeded $17 billion.
JA Moody Acquires Pima Valve
Acquisition expands operational capabilities to include design and manufacturing and demonstrates commitment to U.S. based manufacturing sector. Moody says that it will provide a broader suite of products for its marine and commercial customer base. JA Moody, a privately held family business with its headquarters in Malvern, PA, that has been distributing valves and actuators to the U.S. DOD and commercial entities for 65 years, today announced that it’s parent company has completed the acquisition of Pima Valve.
Williams Commissions New Offshore Platform
A unit of Williams has announced that it has commissioned a new production handling platform in federal waters approximately 60 miles south of Mobile Bay, Ala. Gas production from approximately 35,000 acres of federal leases is dedicated to the platform. Construction of Williams' Canyon Station -- a fixed-leg platform in 300 feet of water in East Main Pass Block 261 -- was completed on schedule at the end of June. The jacket was installed in October 2001, followed by the deck and all of the topsides equipment in May 2002. Phil Wright, president and chief executive officer of Williams' energy services unit, said, "The deck is set, the generators are running and we're raring to go.