FMC Technologies Awarded $64 Million Contract From Pemex|
24 January 2014, Houston (United States)
FMC Technologies, Inc. announced that it has signed a three-year contract with Pemex Exploration and Production for the manufacture and supply of surface wellheads to support its drilling and well maintenance programs in the Gulf of Mexico. The award is expected to result in approximately $64 million in revenue to FMC Technologies if all of the equipment is ordered. The agreement provides assurance that at least 40 percent of the contractual value will be ordered by Pemex during the three-year call-off period.
FMC Technologies' scope of supply includes surface wellheads and production trees, as well as installation and supervision services for Pemex's operations in its Southwest Marine Region of the Gulf of Mexico. The equipment will be supplied from FMC Technologies' operations in Mexico.
"We appreciate the opportunity to extend our support of Pemex," said Johan Pfeiffer, FMC Technologies' Vice President, Surface Technologies. "FMC Technologies has historically played a significant role in Pemex's developments, and this new award expands that relationship."
|Company: FMC Technologies
||Source: FMC Technologies|
Metso investing in a new Neles globe valve technology center in South Korea|
22 January 2014, (Finland)
To respond to the growing global demand for reliable valve technology, Metso has decided to build a new green-field global valve technology center in Chungju, South Korea. The investment will strengthen Metso s control valve and service capabilities for customers in the oil & gas and power industries, both locally and globally. The new facility will be ready to begin global deliveries in September 2014.
In addition to manufacturing, the new center will feature state-of-the-art control valve testing facilities and engineering services to ensure flexible and timely deliveries worldwide. The new center will also house research and development, engineering, and service support units for South Korean EPC companies, which play a major role in many projects worldwide.
||Source: Jussi Ollila (Metso)|
Compact actuators for LNG cryogenic valves |
20 January 2014, Bath (United Kingdom)
The use of LNG (Liquefied Natural Gas) as a cheaper and less polluting alternative to diesel for generators providing the power to remote sites is becoming increasingly widespread. With many thousands of sites throughout the world, oil and gas drilling industry companies are among the operators who have introduced the technique, which involves the use of specialised trailer-based plant to deliver, store and process the gas prior to combustion.
LNG is transported to site in specially designed tankers which also store the liquid gas at the cryogenic temperature of -162 g Celsius. A separate trailer, housing the re-gasification system, normally sits between the tanker and the generator. The main component of the re-gasification system is the vaporiser, which converts the LNG from liquid to gas and feeds it to the point of use. This system, together with auxiliary processes including pressure building in the tanker to improve flow, utilises scores of valves which are typically small, cryogenic and tightly arranged within a compact installation ... (+)