Industry News

McDermott International has appointed Mr. Gary P. Luquette as the new non-executive chairman of the board of directors.

Southcross Energy Partners acquired natural gas pipelines near Corpus Christi, Texas, along with contracts related to those pipelines.

Parker Hannifin, the motion and control technologies specialist, has extended its range of pilot proportional directional control valves with integrated digital electronics with the new D*1FC series.

It is the 11th year that the ExxonMobil Foundation is offering “Introduce a Girl to Engineering” activities at various sites across the US.

Occidental Petroleum Corporation (Oxy) is currently undergoing strategic review and as a result of this process the Board of Directors have agreed to the separation of Oxy’s California assets into an independent and separately traded company.

Senior executives at Fluor Corporation are being realigned in an attempt to improve the speed of market and client offerings for its commercial businesses.

The portfolio company of CIVC Partners, EN Engineering (ENE), has acquired Russell Corrosion Consultants (RCC).ENE, headquartered in Warrenville, Illinois, offers energy-focused professional services that focus on providing engineering, consulting and automation to the natural gas, liquid petroleum and electric industrial markets.

EPL Oil & Gas executed a purchase and sale agreement to acquire oil and natural gas assets in the shallow-water central Gulf of Mexico (GoM) from Nexen Petroleum Offshore U.S.A.

Kinder Morgan Energy Partners entered into a definitive agreement to acquire American Petroleum Tankers (APT) and State Class Tankers (SCT) from affiliates of The Blackstone Group and Cerberus Capital Management for USD 962M in cash.

It has been announced that D. Bradley McWilliams has been named as the new non-executive chairman of McDermott’s Board of Directors. This follows the recent declaration from Stephen M.