News

McJunkin Red Man Corp recently announced the signing of an asset purchase agreement for the acquisition of the operations and assets of the legacy distribution business of Valve Systems and Controls (VSC).

Exxon Mobil Corp’s U.S. marine affiliate, SeaRiver Maritime, Inc, has signed a letter of intent with Aker Philadelphia Shipyard for the construction of two U.S. flag, crude oil tankers in partnership with Samsung Heavy Industries.

Rentech Inc.’s proposed St. Joe Renewable Energy Center, one of the world’s first biomass integrated gasification combined cycle (BIGCC) projects, has received a final air permit from the Florida Department of Environmental Protection.

Curtiss-Wright Corp has signed a contract with Progress Energy to provide a safety-related Inadequate Core Cooling Mitigation System (ICCMS) to support the extended power uprate at the utility's Crystal River Unit 3 nuclear power plant in Florida. The new protection system uses only analog technology to perform safety functions, while providing modern computer-based online performance monitoring through an isolated, non-safety monitor. This combination of analog and digital technologies is designed to simplify the licensing process and reduce cyber-security concerns because no software is used to perform the safety-related functions of the system. Curtiss-Wright's Flow Control segment will build the new system at its Idaho Falls, ID facility.

Texas Governor Rick Perry has signed the first law in the U.S. which requires companies drilling and developing shale plays across the state to publicly disclose hydraulic fracturing components.

Promation Engineering PA/O-PD/O Quarter-Turn Electric Spring Return Actuators feature a robust, industrial design for use with all ball and butterfly valves or dampers with load equipments ranging from 450 to 2300 lbs.

OPTI Canada Inc. has entered into an agreement with CNOOC Luxembourg S.à r.l, an indirect wholly-owned subsidiary of CNOOC Ltd, pursuant to which indirect wholly-owned subsidiaries of CNOOC Ltd, will acquire

U.S.-based Trans-valve has released the Series T-315 all stainless steel ball valves which are designed for critical service to 6000 psi.

Petrobras has announced that it has acquired 50% of the capital stock of BSBIOS Indústria e Comércio de Biodiesel Sul Brasil S.A. through its wholly-owned subsidiary Petrobras Biocombustível S.A. – Pbio. The company,

CRANE Energy Flow Solutions® recently announced the new location of its head office in The Woodlands, Texas.  The new 20,000 sq/ft space will accommodate nearly 100 employees.