Industry News

ASCO Numatics has introduced its Numatics 501 Series directional control valve. The general-purpose automation valve is designed for directional control and piloting applications requiring compact size, high flow capability, and energy savings.

Bechtel and Gulf Island Fabrication, Inc. will collaborate in the offshore market in the Gulf of Mexico and around the world.

Air Liquide will invest around EUR 40M in a new Air Separation Unit (ASU) that will supply Klabin, Brazil’s biggest paper manufacturer, with oxygen. The new ASU will supply more than 160t of oxygen per day to Klabin’s new factory located in Ortigueira, as well as to Klabin’s other site in Telêmaco Borba, both located in the state of Paraná.

Safety valve manufacturer LESER presented its pressure relief valve for concentrated solar power plants at the CSP exhibition in Las Vegas in June. Parabolic trough systems, which are currently the most widely installed concentrated solar power system, require safety valves to secure the heat transfer fluid (HTF) which can reach up to 150–400°C.

Quantum Energy has announced that it has entered into a fully executed Letter of Intent (LOI) to purchase 400 acres of land near the city of Baker in Fallon Country, Montana.

Baker Hughes appointed Greg Brenneman, chairman of CCMP Capital Advisors, (CCMP Capital), and W.H. "Bill" Easter III, retired chairman, president, and CEO of DCP Midstream, to its Board of Directors.

Stolt-Nielsen announced that Stolt-Nielsen Gas, SunLNG Holding and LNGaz have agreed to form a new start-up focused on the development of small-scale LNG liquefaction and logistics services in Bécancour, Québec, Canada.

James P. Harty will be the new Global Market Manager for the energy management market at Bal Seal Engineering, Inc. The position, based in Houston,Texas, will include oil and gas, power transmission & distribution, and alternative energy.

Hemisphere Energy Corporation announced its expanded capital expenditure plans for the remainder of 2014 as a result of the recently closed USD 10M financing.Hemisphere plans to drill up to 10 additional wells in the remainder of 2014, bringing the total number of wells for the year up to 13.

Daybreak Oil and Gas (Daybreak), a Washington corporation, announced the successful drilling of its ninth consecutive successful oil well at the Twin Bottoms Field in Lawrence County, Kentucky. The Gerald Grove H-10 well was drilled to a measured depth (“MD”) of 4,512ft.