Tag: oil&gas

Qatar Petroleum, the world’s biggest seller of liquefied natural gas (LNG), is looking to get even larger, investing USD $20 billion into America’s oil and gas fields when rival U.

Now Inc., a spinoff of oil field services company National Oilwell Varco, has announced plans to buy up a company that supplies pipes, valves and fittings to the energy industry. Challenger Industries Inc.

ExxonMobil will add flexibility to process light crudes at its Beaumont refinery, increasing production capacity by approximately 20,000 barrels per day. This expansion will further strengthen ExxonMobil’s integrated downstream portfolio in Southeast Texas.

Last year, new laws in Mexico have made it easier for foreign companies to export gas to Mexico. There’s been more than $10 billion of planned or completed pipeline investments announced by companies such as Dallas-based Energy Transfer Partners LP.

Badger Meter control valves are often used in applications such as oil extraction in ultra-deep oil wells because they are able to overcome difficult challenges associated with these applications. For example, withstanding extreme pressures, wide flow ranges and ultra-low temperatures.

Tourmaline Oil Corp. has entered into a transaction to acquire Perpetual Energy’s interests in the West Edson area of the Alberta Deep Basin. The interests include Perpetual’s land interests, production, reserves and facilities that are currently joint with Tourmaline.

During the World Heavy Oil Congress being held from May 24 to 26, in Edmonton, Alberta, Flowrox, a global leader in heavy-duty industrial valve manufacturing and services, will be exhibiting its new Deposition Watch.

The American Company, GE Oil & Gas, is now using the latest in metal laser sintering hybrid milling machines (metal 3D printers) at its Kariwa plant in Niigata Prefecture, Japan, to manufacture GE’s Masoneilan control valve parts with special configurations for use across various applications across the Energy industry.

According to a new market research report, the control valve market is expected to reach US$10.82 billion by 2020, growing at a CAGR of 6.85 percent between 2014 and 2020. The new report titled, Control Valve Market by Motion (Rotary, Linear), by Component (Valve Body, Actuator, and Others), by Application (Oil & Gas, Chemicals, Energy & Power, Water Management, Pharmaceuticals, Food & Beverages, and Others), & by Geography - Global Forecast to 2020, explains that the need for control valves is also expected to grow proportionately to be able to support this growth.

Enbridge Inc. has asked Canadian regulators for permission to start up a pipeline by late June 2015 that would ship crude oil from Western Canada to refineries in Eastern Canada, a move that had been delayed by concerns over pipeline safety measures.