Last updateThu, 25 Feb 2021 11pm

Velan Announces Resignation of CFO, Designates Interim CFO

Rejean Ostiguy hasresigned as Velan’s chief financial officer, having accepted a leadership opportunity at a privately owned company. Velan has commenced a search to identify the company’s next CFO. John Ball, executive vice president, global finance, and former CFO from 2005 until May 2020, will assume the role of CFO on an interim basis.

Baker Hughes Secures Order with Petrobras

Baker Hughes announced an order with Petrobras to provide a suite of digital solutions across Petrobras sites in Brazil. The order, booked in the fourth quarter 2020, will further expand Petrobras’ digital capabilities following a third quarter 2020 order for a three-year frame agreement across multiple Baker Hughes Digital Solutions product lines.

Baker Hughes will support Petrobras’ thermal plants; refineries; gas treatment units; production plants; offshore platforms; and floating production, storage and offloading units (FPSO) with its technologies, ensuring the latest regulatory requirements are achieved. The order includes flare monitoring and calibration technologies, cybersecurity and remote monitoring services, and interconnected machinery protection systems and sensors.

Emerson Receives 2021 IoT Breakthrough Award

Emerson has received the “IoT Analytics Platform of the Year” award for its Plantweb Optics Analytics software. The honor, part of the 5th annual IoT Breakthrough Awards, recognizes Emerson’s analytics software that uses artificial intelligence and machine learning to improve reliability, safety and sustainability while optimizing production for industrial manufacturers.

The IoT Breakthrough Awards program recognizes innovators, leaders and visionaries from around the globe in a range of IoT categories, including Industrial IoT, Enterprise IoT, Consumer IoT, Connected Home and more. This year’s program attracted more than 3,850 nominations from companies all over the world.

MSS Publishes Revised Standard for Pressure Testing of Knife Gate Valves

The Manufacturers Standardization Society (MSS) of the Valve and Fittings Industry announces that SP-151-2021, Pressure Testing of Knife Gate Valves, has been revised and published by MSS.

Standard Practice (SP)-151 was originally published in 2016 for the purpose of providing a uniform means of testing knife gate valves commonly used in the "full open" and "full closed" type of service for isolation (not control). The standard establishes requirements and acceptance criteria for shell and seat closure pressure testing of resilient, non-metallic (e.g. ceramic), and metal-to-metal seated knife gate valves of all types. SP-151 continues to be maintained under the consensus of MSS Technical Committee 409, Knife Gate Valves.

Curtiss-Wright Appoints Robert F. Freda Treasurer

Curtiss-Wright Corporationannounced that, as part of its formal succession plan, its Board of Directors has named Robert F. Freda as Treasurer, succeeding Harry S. Jakubowitz, who plans to retire after a distinguished 18-year career with the company, with the past 15 years as Treasurer.

In his new role, Freda will assume control of the treasury and tax functions and report directly to K. Christopher Farkas, Curtiss-Wright's CFO. Freda has served as assistant corporate controller, as well as an officer of the company, since June 2017. Previously, Freda held the position of director of finance since 2006.

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