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Oil and Gas Equipment and Services Deal Market Remains Slow as Debt Offerings Lift Total to $2.6 Billion for March 2015, says GlobalData

Global oil and gas equipment and services deal activity, including capital markets and Mergers and Acquisitions (M&A), increased in overall value from $563.4 million across 29 deals in February 2015 to $3.2 billion from 38 transactions in March, a rise of over $2.6 billion, according to research and consulting firm GlobalData.

The company’s latest equipment and services deals review* states that eight transactions exceeded $100 million in value, accounting for a combined value of $3 billion in March 2015, compared with just two deals in February 2015.

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Industry News

Meriam Process Technologies announces its exclusive distributorship agreement with Kingsway Instruments in Canadian Prairies.

Meriam Process Technologies, a leading supplier of instrumentation and test and calibration equipment used in process industries is pleased to announce that Kingsway Instruments will now be its exclusive distributor in the Canadian Prairies.

Meriam has over 100 years of experience designing and manufacturing process measurement instrumentation for a wide variety of applications. Meriam products are currently available worldwide and their customers can attest to their quality.

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Pipelines
Offshore Technology

Trelleborg Launches Mobile Production Unit for Flexible Coating Applications

Trelleborg’s offshore operation has launched its brand new Mobile Production Unit (MPU) – a portable coating facility that will enable onsite coating of thermal insulation, passive fire and corrosion protection, anywhere in the world.

The unit can be mobilized in a short time frame and sent straight to site to apply coatings such as Trelleborg’s thermal insulation – Vikotherm R2 and Firestop, a jetfire resistant material. This increases project flexibility and reduces the costs and lead times associated with transporting parts to a specialist coating facility.

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Offshore Technology

Rolls-Royce to Showcase Latest Oil & Gas Innovations at 2015 Offshore Technology Conference

The MTU Frac Pack integrates the MTU Series 4000 T95 diesel engine and the ZF 8 TX transmission.
The MTU Frac Pack integrates the MTU Series 4000 T95 diesel engine and the ZF 8 TX transmission.

Rolls-Royce will showcase its latest offshore power and propulsion solutions and MTU engine technologies designed for onshore oil and gas applications at the upcoming 2015 Offshore Technology Conference (OTC), May 4 – 7. The exhibit, located at Booth #4163 at NRG Park in Houston, will feature the MTU Frac Pack and the MTU S83 Frac Bi-Fuel Kit in addition to a Rolls-Royce offshore winch simulator.

The MTU brand is part of Rolls-Royce Power Systems within the Land & Sea division of Rolls-Royce.

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Oil & Gas Product News
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Industry News

Chromalox Announces Acquisition of ProTrace Engineering

Chromalox, a leading manufacturer of advanced thermal technologies, has announced the acquisition of ProTrace Engineering headquartered in Calgary, Alberta, Canada.

ProTrace Engineering offers electrical engineering services, with a focus on providing specialized services in electric heat tracing, temporary construction power and power system protection operations. Adding these capabilities will enable Chromalox to provide front end engineering design (FEED) study services, as well as expand current engineering service offerings, allowing for greater capacity to serve global markets.

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Heavy Oil & Oil Sands

Hydraulic mining shovel designed for simple, reliable and safe operation

The Cat 6020B hydraulic mining shovel features a 22-tonne (24-ton) payload and 224-tonne (247-ton) operating weight and teams with the Cat 777G off-highway truck for optimized loading and hauling.

The 6020B is designed for simplicity and reliability without compromising safety. “Every decision, every design detail was based on the hundreds of comments we received during our customer research,” explains Anita Russwurm, New Product Introduction Manager for the 6020B. “While reviewing this customer input, three common themes emerged. Customers wanted a machine that is safe, simple and reliable. That’s what we designed and what can be seen throughout the machine.”

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Equipment Management & Maintenance

Synthetic ropes pulling more weight in oil sands mining uses

Dragline dump lines can be fitted with synthetic ropes, such as the one above, to reduce maintenance time and effort.
Dragline dump lines can be fitted with synthetic ropes, such as the one above, to reduce maintenance time and effort.

Lifting, pulling, towing – mining operations have many uses for wire ropes on machines and around the pit.

Wire rope has been the standard for mining, including oil sands locations, for many years, and has generally served well in most conditions.

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Instrumentation, Systems & Automation

More Than 2,800 Devices Supplied For Refinery Expansion

Endress+Hauser was the main instrument vendor for a $3.8 billion expansion and modernization project at Refineria de Cartagena in Columbia. The company supplied more than 2,800 flow and level measurement devices to support the project.

The Reficar expansion project added 12 new process units, increasing refining capacity and production from 80 KBD to 165 KBD. The upgraded facility will produce ultra-low sulphur gasoline and diesel from heavy crude oil slate.

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Instrumentation, Systems & Automation

Handheld Pressure Calibrator

The new HPC40 Series handheld pressure calibrator is engineered for “advanced simplicity,” incorporating a number of features that extend the range and functionality of the compact instrument.

The HPC40 Series offers deadweight tester accuracy along with a host of user friendly features that allow the handheld device to deliver laboratory accuracy to an on-site, field usable instrument.

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