Industry News

US drillers have added oil rigs for a fifth consecutive week, according to Baker Hughes Inc. Drillers added three oil rigs in the week to July 29, bringing the total rig count up to 374, compared with 664 a year ago, according to the recent Baker Hughes weekly report.

Mexico's Grupo IDESA, along with its Canadian partner, International Frontier Resources Corporation (IFR), expect to start extracting barrels of crude from the Tecolutla field within months of signing a contract with Mexico's oil regulator, IDESA's Chief Executive Officer said recently.

The first liquefied natural gas (LNG) vessel from the lower 48 US states is on its way to China, according to recent reports.

High pressure valve and pump specialist, Haskel, which is part of the US-based Accudyne Industries, has made three new management appointments as it restructures its business in Sunderland, UK for international growth.

Houston, Texas-based Zahroof Valves Inc. (ZVI), recently announced it has secured Series C funding led by Saudi Aramco Energy Ventures (SAEV), the corporate venturing arm of energy enterprise, Saudi Aramco.

Sealweld Corporation recently launched a “state-of-the-art” training facility for ValvePro, the company’s training program.

Pentair Valves & Controls, a global provider of water flow and energy solutions with branches throughout North and South America, has introduces the new Anderson Greenwood 4000 Series of pressure and vacuum relief valves, compliant with the latest API 2000 standard.

Intergraph Process, Power & Marine (PP&M), part of Hexagon and a provider of enterprise engineering software enabling smarter design and operation of plants, ships and offshore facilities, presented its Golden Valve and Platinum Pipe awards during a ceremony at HxGN LIVE, Hexagon's international conference that was recently held in Anaheim, California.

Wisconsin-based energy and operations efficiency company, Johnson Controls, and Tyco International, which offers safety solutions to various industries, including the oil and gas industry, recently announced the Senior Executive Team that will lead the combined company following the close of their planned merger, which is expected on or around Oct.

CVMR Corporation and Proteus Systems Inc. in a gathering of chemical industry professionals in Toronto, Canada, recently announced the success of their joint venture in providing a new generation of "control valve/flow sensor” in a “one unit fluid flow control system” used specifically for mining/minerals processing market, from beneficiation of ores to slurry flow control.