Industry News

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.

Colfax Fluid Handling introduced an Active Valve Control option to its Smart Technology CM-1000 Series intelligent sea water cooling system controller.

Potable water tanks or reservoirs often depend on a typical common inlet/outlet to maintain drinking water quality.

Emerson has signed an agreement to purchase Virgo Valves and Controls, a ball valves and automation systems manufacturer based in Pune, India.

Crane ChemPharma & Energy will participate in the Coking Conference and Exhibition to be held between September 30 and October 4, 2013, at New Delhi, India.