(18 November 2014)—Drydocks World (DDW) in Dubai has contracted Wärtsilä to design and supply the propulsion and other equipment for a new harbor tug that will operate on liquefied natural gas (LNG). This will be the first harbor tug in the Middle East region to operate on gas. The order was signed in November.
NEWS
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ERLANGEN, Germany (Nov. 17, 2014) – Siemens, in consortium with Bechtel, was awarded the order for the turnkey supply for Panda Power Funds’ Stonewall Energy Project in Leesburg, Virginia.
HOUSTON (Nov. 17, 2014) – Halliburton Company and Baker Hughes Incorporated announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78.62 per Baker Hughes share, representing an equity value of $34.6 billion and enterprise value of $38.0 billion, based on Halliburton’s closing price on Nov.
ERIE, Pa. (Nov. 17, 2014) – High Pressure Equipment Company (HiP) is celebrating its 60th anniversary in 2014 with an innovative employee leadership program and a commitment to the company’s long-established tradition of excellence.
DALLAS (Nov. 14, 2014) – Flowserve Corporation has announced that it has submitted a binding offer to acquire the equity of SIHI Group B.V., a global provider of engineered vacuum and fluid pumps and related services, from TBG Europe NV for consideration of approximately 298 million euros ($372.5 million equivalent1).
DALLAS (Nov. 14, 2014) – Flowserve Corporation has announced that it has submitted a binding offer to acquire the equity of SIHI Group B.V., a global provider of engineered vacuum and fluid pumps and related services, from TBG Europe NV for consideration of approximately 298 million euros ($372.5 million equivalent1). Closing is subject to standard regulatory approvals and other customary conditions.
ZURICH (13 November 2014)—ABB has won orders from Ansaldo Energia, Italy’s largest supplier, installer and service provider for power generation plants and components, to supply a plant automation system and substation expansion for the new Ain Djasser III gas-fired power plant in the northern province of Batna, Algeria. The plant is operated by Sociéte Algérienne de Production de l'Electricité, Algeria’s largest power generation company.
KYOTO, Japan (Nov. 13, 2014) – Nidec Corporation has announced that the Nidec Research and Development Center has developed a motor-drive system based on a silicon carbide (SiC) inverter.
SCHAFFHAUSEN, Switzerland (Nov. 13, 2014) – Xylem Inc. was presented with a Silver Medal Innovation Award from the German agriculture organization Deutsche Landwirtschafts Gesellschaft (DLG) at the Bioenergy Decentral Fair, which took place at Hanover Fairground, Nov. 11-14. The Xylem team, led by Dr.
CLEVELAND, Ohio (Nov. 12, 2014) – Applied Industrial Technologies continues its growth and expansion of the Applied Maintenance Supplies & Solutions (Applied MSS) business into the company’s Fontana, California, distribution center. This facility will maintain an inventory of tens of thousands of products and ship directly to customers in an 11-state region of the Western U.S.