News

The United States Department of Energy National Energy Technology Laboratory (NETL) has made a Funding Opportunity Announcement (FOA) for subsurface monitoring technological advancements that will facilitate the injection and storage of CO2.

Emerson has acquired ISE Magtech, a company that designs and manufactures level gages and associated equipment for industrial applications. The acquisition will strengthen Emerson Process Management's measurement solutions in the oil and gas, chemical, refining and power generation industries.

   Indiana Gasification's emissions permit to develop a USD$2.

   Husky Energy has launched its CO2 capture and liquefaction project located at its Lloydminster, Saskatchewan facility.

   Statoil has come to an agreement with Seadrill to use the West Aquarius deepwater drilling rig for their exploration activities offshore the province of Newfoundland in Canada in 2012-2013.

Irving, Texas-based privately-held oil and gas exploration and production company, Silver Creek Oil & Gas, LLC has received a USD100 million investment from New York-based private equity firm Crestview Partners.

    The governor of Vermont has signed into law the first state ban on hydraulic fracturing.

The Shaw Group Inc. announced it has entered into a definitive agreement to sell substantially all of its Energy & Chemicals business to Technip. Under the terms of the agreement, Technip will acquire substantially all of the business of the Energy & Chemicals Group for approximately USD 300 million in cash consideration, subject to adjustment based on the Energy & Chemicals Group’s debt and working capital levels at closing. Shaw will retain Energy & Chemicals Group personnel in its Baton Rouge office, which will be integrated into the company’s Plant Services Division, as well as Shaw Consulting International Inc., which will be incorporated into Shaw’s Environmental & Infrastructure Group.

  Cashco, Inc. has opened a new engineering lab at the company’s headquarters in central Kansas.

Air valves are normally required on piping systems, for example, offshore fire fighting systems, to vent air from a pipeline/riser on pump start-up and admit air back into the system under vacuum conditions. Often they are overlooked, yet play a crucial role within a pipe/pump system. It is important that they are correctly specified with their function, size and location to help in ensuring that the system is operating efficiently.