News

Trainer, the Delta Air Lines owned oil refinery had a $63 million loss in November and December caused by Hurricane Sandy.

The American Petroleum Institute (API) and the Association of Oil Pipe Lines (AOPL) have expressed reservations about findings in recent third-party studies that the federal government will consider in potential new mandates for leak detection systems and shutoff valves for pipelines. The Pipeline Safety, Regulatory Certainty, and Job Creation Act of 2011 required PHMSA to provide Congress with reports on pipeline leak detection systems and automatic and remotely controlled valves.

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.

    ValveMan, an online industrial valve retailer specializing in industrial markets, allow users to build, price and purchase their valves directly on the ValveMan website for quick delivery.

Denbury Resources Inc. has announced that it has entered into an agreement to acquire producing property interests in the Cedar Creek Anticline (CCA) of Montana and North Dakota from a wholly-owned subsidiary of ConocoPhillips for $1.05 billion cash.

Curtiss-Wright Corporation has announced that it has acquired the assets of F.W. Gartner Thermal Spraying, Ltd., of Houston, TX.

Subsea 7 S.A. has announced an award to its Mexican joint venture from Pemex. The contract, valued at approximately $140 million, comprises the engineering, fabrication and installation of a 16km pipe, two slug catchers and two cantilever structures for the Line 60 Project in the Bay of Campeche.

In recent months, Metso has received various orders for automated process valves from several customers in the Asia-Pacific region.

Federal lawmakers will examine pipeline safety issues again this year, this time in Charleston at a field hearing scheduled in the wake of last month's near-disastrous explosion of a NiSource natural gas transmission line near Sissonville.  The Dec.

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