Industry News

Helix Energy Solutions Group, Inc. announced that it has entered into a five-year contract with BP to provide well intervention services to BP in the US Gulf of Mexico with Helix’s deepwater well intervention semisubmersible vessel, the Q5000, currently being constructed in Singapore.

The Brazilian government has stated that the country will need to increase its installed capacity by 110GW in the next 15 years to meet the country's rising energy demands.

French marine engineering company GTT is seeking a partnership with Brazil's HRT Participações and federal energy major Petrobras to monetize natural gas produced in remote Amazon fields. According to GTT, LNG provides the ideal solution for Brazil's gas logistics problems amid rising demand from thermoelectric power plants.

The Bimba Manufacturing Company has announced the introduction of the Low Power Isonic® V2 Valve. Building on their previous strengths with the Bimba|Meadʼs line of Isonic® solenoid valves, the new Low Power Isonic® V2 valve provides increased versatility for unparalleled performance.

  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.