07272017Thu
Last updateWed, 26 Jul 2017 7pm

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TAQA Awards Schlumberger EPCIC Contract for Otter Field

OneSubsea, a Schlumberger company, has been awarded an engineering, procurement, construction, installation and commissioning (EPCIC) contract for a subsea multiphase boosting system by TAQA for the Otter field in the UK North Sea. OneSubsea leverages Cameron flow control, process technologies and manufacturing & aftermarket capabilities.

Through the EPCIC contract, OneSubsea and its Subsea Integration Alliance partner, Subsea 7, will supply and install a subsea multiphase boosting system including topside and subsea controls, as well as associated life-of-field services. The project will result in a 30-km subsea tieback to the TAQA-operated North Cormorant platform. This will be the longest subsea multiphase boosting tieback in the UK North Sea. 


Crane Co. Reports Second Quarter Results

Crane Co. reported second quarter 2017 earnings of $1.14 per diluted share, compared to $1.15 per share in the second quarter of 2016. Excluding Special Items, second quarter 2017 earnings per diluted share were $1.17, compared to $1.21 per share in the second quarter of 2016.

Second quarter 2017 sales were $703 million, down -1% compared to $712 million in 2016. Core sales increased slightly and acquisitions contributed $6 million, which were more than offset by a $14 million, or -2%, impact from unfavorable foreign exchange, and a small divestiture impact. 

Badger Alloys Joins VMA as Associate Member

This week the Valve Manufacturers Association (VMA) welcomes Badger Alloys as an official associate supplier member. This is VMA’s fourth new member in 2017.

Located in the heart of Milwaukee and founded in 1966, Badger Alloys offers single source capabilities for custom castings. The company pours more than 200 different alloys and includes a sand foundry, pattern shop and machine shop to offer customers fully integrated services. 

Thermodyn Joins VMA as Associate Member

This week the Valve Manufacturers Association (VMA) welcomes Thermodyn Corporation as an official associate supplier member. This is VMA's third new member in 2017.

In 1979, Thermodyn began business with the dual purpose of selling A.W. Chesterton products and manufacturing high-temperature elastomers for the expansion joint industry. Today, that is still its main focus. Thermodyn has a complete line for the expansion joint, gasket and fluid sealing industries. 

MRC Global Renews Integrated Supply Agreement with NiSource

MRC Global (US) Inc., has extended its contract to provide integrated supply services and gas distribution products including pipe, valve and fitting (PVF) products and services to NiSource Inc. MRC Global has provided products and services to NiSource since 2004.

"We value that NiSource has continued to entrust us with their business," MRC Global president & CEO, Andrew R. Lane, said. "A highly integrated supply relationship like the one we share with NiSource, requires a high level of partnership and focus for both parties. We are proud to have the opportunity to leverage our PVF distribution expertise to support NiSource with further process enhancements that MRC Global provides through integrated supply." 

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