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Last updateFri, 18 May 2018 4pm

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Forum Energy Technologies Announces CFO Succession

Pablo MercadoForum Energy Technologies, as part of its continued succession planning process, has appointed Pablo G. Mercado to serve as senior vice president and CFO effective March 1, 2018. James W. Harris, the outgoing CFO, has been leading the Drilling and Subsea segment since September 2017 and will transition full-time to that operating role, serving as Forum’s executive vice president – Drilling and Subsea.

Mercado joined Forum in 2011 as vice president, corporate development and has held positions with increasing responsibility. Most recently, he served as senior vice president – finance, with oversight of Forum’s corporate development, investor relations, accounting, tax and treasury functions. Prior to joining Forum, he was an investment banker in the Oil and Gas Group of Credit Suisse Securities (USA) LLC where he worked with oilfield services companies. 


Emerson and Total Sign Long-Term Global Agreement

Emerson has signed a long-term global agreement with Total S.A. to provide all Total geoscientists with access to Emerson’s Paradigm exploration and production (E&P) software portfolio. In late 2017, Emerson acquired Paradigm, which combined with Emerson’s existing portfolio, makes Emerson the largest independent provider of E&P software to the oil and gas industry.

With the new agreement, Total will also become an active member of the new OpenDB Consortium, Emerson’s E&P Software initiative to build a next-generation database using industry standard formats. By participating in the consortium, Total will be able to contribute directly to the design and implementation of the database and influence future technological developments. 

ASCO Announces 2018 Engineering Scholarship Program

Emerson has begun accepting applications for the 2018 ASCO Engineering Scholarship program. Emerson will award two $5,000 scholarships to U.S. engineering students, provide $1,000 grants to their college’s engineering departments, and host the students at "The Amazing Packaging Race" at PACK EXPO International in 2018.

Applications are now being accepted and may be submitted until the program deadline of April 10, 2018. Details and forms are available at www.asco.com/scholarship.

 

CPV Manufacturing Awarded Three International Contracts

Admiral Valve, LLC dba CPV Manufacturing has been awarded three exclusive contracts with companies located in mainland China, Indonesia and Taiwan.

Qingdao Shengyi Crotech Co. Ltd., China has awarded CPV Manufacturing a contract to design and produce valves for Yangkuang Group, a coal chemical industry project.

Toyo Engineering, Korea, and CPV Manufacturing have signed an agreement to supply valves for PT Chandra Asri Petrochemical in Indonesia.

Also, Diekson Industrial, Taiwan has contracted CPV Manufacturing to build valves and fittings for their client Formosa Plastic Group. 

Emerson Automating North Sea FPSO Vessel

Emerson has completed its multi-year, $90 million automation project for BP’s Glen Lyon floating production, storage and offloading (FPSO) vessel west of Shetland. Emerson is now providing ongoing operational support services to help BP achieve its goal of producing 200,000 barrels a day from the North Sea by 2020.

Emerson has served as the main automation contractor for the Glen Lyon, which is expected to produce 130,000 barrels of oil a day at plateau. As part of an additional five-year contract, Emerson will provide ongoing operational support services, remote monitoring and predictive maintenance technologies for the Glen Lyon and BP’s other North Sea mega project Clair Ridge, which is due to come on stream this year. 

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