REINACH, Switzerland – Endress+Hauser announced the alignment of partnerships with Angus Measurement Services, TechnipFMC and its sales and service representative, Vector Controls. The automation companies will collaborate to bring added value to the oil and gas industry, assisting customers with transition to the digital oil field.
HVALSTAD, Norway - Liquid handling and pump specialist PG Flow Solutions has promoted chief operating officer (COO) Steve Paulsen to the role of chief executive officer (CEO).
Paulsen succeeds Roy Norum , who moves into the role as executive vice president for sales & business development, overseeing the group’s sales, marketing and business development activities globally.
SADDLE BROOK, N.J. - PumpMan Holdings, a Soundcore Capital Partners, LLC portfolio company, successfully completed the acquisition of the assets of Brooklyn, New York-based Federal Pump. Serving New York City's five boroughs and parts of New York State for more than 90 years, Federal Pump manufactures pump systems and provides service & repair in the metro area.
PHILADELPHIA, Pa. - Bartlett Bearing Company Inc. announced the opening of their sixth sales/distribution facility in Grain Valley, Missouri, set to open on January 15, 2018.
FORT WAYNE, Ind. - Franklin Electric Co., Inc. announced that it has acquired Valley Farms Supply, Inc. of Lansing, Michigan for $9 million. Valley Farms is a professional groundwater distributor operating three locations in Michigan and one in Indiana. Valley Farms has approximately $28 million of consolidated annual sales.
Virtual power plant gives utilities the upper hand
HOUSTON – Penn Virginia Corporation announced that it has entered into a definitive agreement to acquire assets in the Eagle Ford Shale, primarily in Gonzales and Lavaca Counties, from Hunt Oil Company (“Hunt”) for $86 million in cash, subject to customary post-closing adjustments. The company anticipates the acquisition will close on or before March 1, 2018, with an effective date of October 1, 2017.
The winners of the very first Oil & Gas Engineering Product of the Year awards have been identified as some of the best products introduced between January 2016 and July 2017. Trelleborg is the first company to win the Oil and Gas Engineering Product of the Year Gold Award for its newly developed Standardized Buoyancy Module.
GRAY, La. – On Nov. 1, Danos’ materials management service line supporting Royal Dutch Shell’s (Shell) onshore and offshore production operations in the United States achieved an important safety milestone: 1 million man-hours without an Occupational Safety and Health Administration (OSHA)-recordable incident.