Industry News

  Mexico is due to import a total 100Mf3/d (2.83Mm3/d) LNG via the Manzanillo and Altamira terminals for approximately one year to guarantee natural gas supply to the country, Alejandro Martínez Sibaja, director of state oil company Pemex's gas subsidiary PGPB said at the BNamericas Mexico Energy Summit in Mexico City.

Oregon State University has started construction on a USD 4.8 million facility to test a new nuclear energy technology that could be safer, more efficient and produce less waste than existing approaches.

  BTM, a leading manufacturer of carbon steel, high yield and alloy butt weld fittings for the energy and petrochemical industries has announced tot heir customers they have become a wholly owned business of Precision Castparts Corp (PCC). PCC is a Fortune 500 public company that specializes in supplying complex metal components and products.

Hess Corporation has announced that it will pursue the sale of its terminal network in the United States. Hess also announced that it will complete its exit from the refining business by closing its Port Reading, New Jersey refinery. “By closing the Port Reading refinery and selling our terminal network, Hess will complete its transformation from an integrated oil and gas company to one that is predominantly an exploration and production company and be able to redeploy substantial additional capital to fund its future growth opportunities,” said John Hess, Chairman and CEO. The terminal network is located along the U.S.

US valve manufacturer, Val-Matic have introduced their AWWA Swing Check Valve which is said to incorporate design features in order to provide energy savings, ease of maintenance and extended valve life.

Curtiss-Wright Corporation has announced that it has acquired the assets of F.W. Gartner Thermal Spraying, Ltd., of Houston, TX.

Statoil has acquired close to 70,000 operated net acres in the liquid rich part of the central Marcellus area. "The US unconventional plays hold a substantial resource base and represent an increasingly important part of future energy supplies,” said Statoil US onshore senior vice president, Torstein Hole.

Valero Terminaling and Distribution Co. (VTDC), a subsidiary of Valero Energy Corporation, and TGS Development LP have formed a 50-50 joint venture and started construction on a new marine terminal on the lower Sabine-Neches Waterway near Port Arthur, Texas.

Exelon has completed the sale of three Maryland coal-fired power plants to Raven Power Holdings LLC, a portfolio company of Riverstone Holdings LLC.

Linde North America has concluded a successful trial of its new liquefied natural gas (LNG) mobile refuelling unit which is designed to allow customers to test the workability of using the gas as a viable alternative to vehicle fuels such as diesel.