News

Fluor Corporation announced it was awarded an engineering, procurement and construction management contract by The Dow Chemical Company for a propylene production asset project in Freeport, Texas.

GE Oil & Gas has signed a record deal of nearly $1.1B (USD) with Brazilian energy company Petrobras. This is the world's largest subsea wellhead production contract.

Nostra Terra, the AIM quoted oil and gas producer, with a growing portfolio of horizontal and vertical drilling projects in the USA, is pleased to announce that drilling has begun on the second development well in the Verde Prospect, located in Colorado. This is the second well in the prospect where the first well reached payout in 9-months.

Evergreen Pacific Partners announced on September 12 that it has purchased a majority stake in PAC Stainless, LTD.

  Hal Kvisle has been named President and Chief Executive Officer for Talisman Energy. Kvisle is the former President and Chief Executive Officer of TransCanada Corporation and current director of Talisman Energy. Kvisle has more than 35 years of experience in domestic and international oil and gas, midstream and pipeline operations and has created substantial value for shareholders during his tenures at TransCanada Corporation and Fletcher Challenge Energy.

  Chevron Corporation has announced that its subsidiary, Chevron U.S.A. Inc., has agreed to acquire 246,000 net leasehold acres in the Delaware Basin in New Mexico, a part of the Permian Basin, from Chesapeake Energy Corporation.

The Carlyle Group L.P. And Sunoco Inc. have completed the formation of the Philadelphia Energy Solutions joint venture that will operate the Philadelphia Refinery, which has a processing capacity of 330,000 barrels of crude oil per day.

Tallgrass Energy Partners LP entered into a purchase and sale agreement with Kinder Morgan Energy Partners LP (KMP) to purchase Kinder Morgan Interstate Gas Transmission, Trailblazer Pipeline Company, the Casper-Douglas natural gas processing and West Frenchie Draw treating facilities in Wyoming and KMP's 50% interest in the Rockies Express Pipeline (REX).

The Canadian Nuclear Safety Commission (CNSC) Joint Review Panel (JRP) has said that it will issue a Nuclear Power Reactor Site Preparation License to Ontario Power Generation Inc. (OPG) for its new Darlington nuclear site power plant project for a 10 year period.

The new PVA slim-line air-operated butterfly valves with integral cast hose connection ends from Chalwyn are ideal for fitting into the short hoses between the intercooler and manifold of modern trucks including Scania, MAN and Mercedes Benz. High temperature seals on both the main disc and pneumatic actuator make these valves suitable for installations where the compressed air post turbo- charger can reach up to 120°C. The new valves are initially available in three sizes: 2.8”, 3.5” and 5.5”.