News

CIRCOR International, a leading provider of valves and other highly engineered products for energy, oil & gas, power generation and aerospace markets, announced financial results for the first quarter ended March 31, 2013.

Mechanical engineering group EnerMech announced at OTC in Houston that it has invested more than USD 20.2M as it steps up its drive to cement its presence in the US and Mexico. A recent move to a new 50,000 sq ft workshop, office and storage facility near to Houston’s Energy Corridor has been followed with a USD 14 million investment in new Process, Pipeline and Umbilical (PPU) equipment and in opening a base at Villahermosa, Mexico. For the Aberdeen headquartered company, the lure of the Gulf of Mexico and its deepwater projects is strong and the strategic investment is already paying off with confirmation of a number of PPU contracts in 2014 worth up to USD 9.3M. The headcount stands at 40 but Vince Kouns, president of EnerMech’s US operation, expects that to grow to 120 by the end of 2013 with turnover more than trebling from USD 6.2M – USD 23.3M, and trebling again to USD 78M in 2015. The company has a lengthy connection to Houston through respected hydraulics specialist Norson Power which was acquired in 2010 and Kouns, along with VP Alan Sweeney is focussed on replicating that success in PPU, cranes and lifting, equipment rental, valves and training services.

Fluor Corporation has been awarded a contract by The Dow Chemical Company to execute a significant portion of its U.S.

COOPER® Valves has moved from a 10,000 sq. ft. manufacturing warehouse and a separate office building to a 60,000 sq.

  Monday, June 24, 2013 9:00 am to 5:00 pm 1 day prior to the start of Valve World Americas Expo & Conference 2013 George R.

Tenmat Ltd, a specialist manufacturer of highly technical composite materials, has announced that they have won the Queen’s Award for Enterprise for Outstanding Achievement in International Trade for the second year in a row.

Anadarko Petroleum Corporation’s Phobos-1 well in the deepwater Gulf of Mexico encountered approximately 250 net feet of high-quality oil pay in Lower Tertiary-aged reservoirs. “Our 2013 Gulf of Mexico exploration program is off to an outstanding start, as Phobos marks our third significant deepwater success this year,” said Anadarko Sr.

Exploration’s East Texas assets Gastar Exploration has entered into a definitive agreement to sell its East Texas assets to Cubic Energy for USD 46M, subject to customary closing adjustments.

GE Oil & Gas introduced the LNG In A Box system, a small-scale, plug-and-play, re-deployable liquefied natural gas (LNG) fuelling solution that can help accelerate the use of natural gas as a cost-effective, cleaner transportation fuel.

Petroamerica Oil announced the initial test results for its Las Maracas-8 well on the Las Maracas Field, Los Ocarros Block, Colombia.