News

Technip has been awarded engineering and procurement contracts by Westlake Chemical Corporation for the expansion and modernization of the ethylene cracking furnaces and the recovery section of Westlake’s ethylene plant in Calvert City, Kentucky.

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.

ASCO Numatics have introduced two intrinsically safe solenoid valves with Ex ia IIC T6 certification. The solenoid operators are designed for use on the 327 range of direct operated solenoid valves and are available in epoxy coated aluminium or stainless steel.

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.

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

    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.