Shaw to sell Energy & Chemicals Group to Technip
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 opens new R&D lab
Cashco, Inc. has opened a new engineering lab at the company’s headquarters in central Kansas.
Air valves for sea water / offshore application
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.
Westlake Geismar plant restarts
Westlake Chemical Corporation has announced the safe and successful repair and restart of its vinyl chloride monomer unit at its facility in Geismar, Louisiana that was damaged by fire in March.
Technip awarded Mad Dog Phase 2 contract
BP Exploration and Production Inc.