Butterfly Valves Present in the LNG Industry
Co-Ax Valves Inc. is a global manufacturer of valve technology for demanding markets. With the founding of Quadax Valves Inc.
Weir Flow Control becomes Trillium Flow Technologies
Trillium Flow Technologies (Trillium), formerly Weir Flow Control (WFC), announced the completion of its sale from The Weir Group PLC (Weir) to First Reserve, a leading global private equity investment firm exclusively focused on energy.
Texas Researchers Revisit Methane Hydrates
Research from the University of Texas in Austin has shown that injecting air and carbon dioxide into methane ice deposits buried beneath the Gulf of Mexico could have the potential to unlock natural gas energy resources, while also trapping the carbon dioxide underground.The study was published in the journal Water Resources Research, which used computer models to simulate what would happen when mixtures of carbon dioxide and air were injected into deposits of methane hydrate, a water-rich, almost ice-like chemical compound that forms in high-pressure and low-temperature environments, like the Gulf of Mexico and the Arctic circle.
Weir Changes Name to Trillium Flow Technologies
Weir Flow Control has changed its name to Trillium Flow Technologies. This change follows the completion of the sale of The Weir Group’s Flow Control division to First Reserve.The Weir Group sold the Flow Control division to First Reserve, a global private equity investment firm focused exclusively on energy, for an enterprise value of £275 million.Trillium Flow Technologies’ new website said the company “will continue to provide mission critical valves, pumps and aftermarket services in oil and gas, power generation, water and wastewater, and general industry.” The company will provide support for design, installation and operation, as well as a global footprint and supply chain and aftermarket parts and service.The plan to sell the division was first announced in April 2018, alongside the acquisition of ESCO, which strengthened Weir’s position in global mining markets.
BP Backs a Faster Shift to a Low Carbon Energy System
Prior to BP's annual general meeting (AGM), Helge Lund, BP's Chairman, wrote an article in the Financial Times, explaining why the oil company is in favor of the Climate Action 100+ resolution and why the company aims for a quick transition to a low carbon energy system.
He mentioned during the company's annual meeting, activists will gather and protest outside the city's exhibition center so the company will call on its stakeholders to support the Climate Action 100+, in hopes of achieving greater transparency from BP, and to showcase how the company's strategy is in line with the 2015 Paris agreement.
"We recognize that the world is on an unsustainable path.