Last updateFri, 15 Dec 2017 3pm


Emerson Signs Collaboration Agreement with Statoil

Emerson has signed a collaboration agreement with leading Norwegian operator Statoil. The announcement is the latest in a series of partnerships between Emerson and Statoil that has spanned many years and includes high-value contracts on a number of Statoil’s North Sea fields as well as R&D collaborations.

Statoil has been a long-term partner to Emerson and an industry driver for the Big Loop workflow, with projects including the recently completed Total Uncertainty Management program that examined how E&P companies can improve uncertainty management and quantification across the reservoir. 

Metso Receives Four Major Chinese Valve Orders

Metso has received four major valve orders for the oil and gas industry from Chinese petrochemical customers. All orders are for greenfield investments and have been booked in Metso's orders received starting from the first quarter of 2017, with subsequent quarterly bookings in 2017 and continuing to 2018. The total value of the orders and company names are not being disclosed. All the companies are in the top ten petrochemical companies in China. 

REXA President and CEO Sam Lalos Retiring

REXA president and CEO Sam Lalos plans to retire, effective the end of calendar year 2017. During his 40 plus years in the industrial process control equipment manufacturing field, Lalos succeeded in numerous technical, business management and executive functions.

Geoff Hynes has been appointed president and CEO, effective January 1, 2018. Hynes has spent his entire career with REXA and is well prepared to continue his predecessor's legacy. 

Curtiss-Wright Reports Third Quarter 2017 Results

Curtiss-Wright’s sales of $568 million in the third quarter increased $61 million, or 12%, compared with the prior year, reflecting a $41 million, or 8%, increase in organic sales, an $18 million, or approximately 4%, contribution from acquisitions, and a $2 million benefit from favorable foreign currency translation.

Operating income in the third quarter was $97 million, an increase of $20 million, or 26%, compared with the prior year, due to strong performance in each of the segments. Third quarter net earnings increased 39% compared with the prior year, driven by higher operating income and lower taxes. 

MRC Global Delivers for Jemena Northern Gas Pipeline

In July, MRC Global delivered the last of 33,190 tons of pipe for Jemena’s Northern Gas Pipeline in Australia - without a single safety incident. The pipeline is to be constructed between the towns of Tennant Creek in Australia’s Northern Territory and Mt Isa in the neighboring state of Queensland, Australia. The majority of the pipe had been DN300 x 6.4mm API 5L X70 PSL2 with about 5% of the total being 7.9mm “heavy wall” material. The pipe and induction bends were DFBE coated then lined with thin film liquid epoxy, and 1,648 meters of pipe has an additional concrete weight coating applied. It’s the largest single order that MRC Global has ever undertaken in Australia. 

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