Oil & Gas Product News Logo

Huge pipeline construction auction scheduled for Columbus, OH

0162/40451_en_a5a99_43074_adp-site-columbus-962x420-copy.jpg

Ritchie Bros., the world largest industrial auctioneer, will host one of the largest pipeline construction equipment auctions ever, selling more than 4,700 items over two days at its site in Columbus, OH. Every single item in the auction will be sold without reserve.

More than 300 companies will be selling assets in the June 27 - 28, 2019 auction, including a complete dispersal for Welded Construction L.P., a pipeline construction company that recently closed after 50 years in the business. Other consignors include Energy Transportation LLC from West Virginia, Michels Corporation from Wisconsin, Contractors Rental Corporation from Michigan, and more.

Equipment highlights include 125 pipelayers, a massive selection of pipeline tools and supplies, 100+ hydraulic excavators, 60+ dozers, 185+ truck tractors, as well as loaders, lifts, cranes, and more. 

"We don't get to hold events like this very often," said Tim Keane, Regional Sales Manager, Ritchie Bros. "This is certain to be the pipeline construction auction of the year, with companies sending equipment from all over. Interested bidders can inspect the items online at rbauction.com and/or come visit our site in Columbus and check it all out for themselves. With this selection, it's definitely something you won't want to miss."

Specific equipment highlights include:

Caterpillar PL83 pipelayers

10 Caterpillar 594H pipelayers

12 Caterpillar PL87 pipelayers

10 Caterpillar 583H pipelayers

Six 2017 Trail King TK110HDG 55-ton tri-axle lowboys

16 Caterpillar D8T dozers

16 Caterpillar 336EL hydraulic excavators

12 John Deere 350G LC hydraulic excavators

Eight 2013 John Deere 470G LC hydraulic excavators

40+ late-model vac trucks (Peterbilt & Freightliner units)

26 Freightliner PX125064ST truck tractors

The Welded Construction equipment package is being sold in partnership with Gordon Brothers, the global advisory, restructuring, and investment firm.

"This is an incredible opportunity for the pipeline industry," stated Jim Burke, Managing Director, at Gordon Brothers. "The complementary nature and quality of the assets that have been consigned to the auction, combined with the outstanding condition of the Welded fleet, have set the stage for a world-class sale event." 

For more information about Ritchie Bros.' June Columbus auction, including an up-to-date equipment list, visit rbauction.com/Columbus.

More from Industry News

Suncor Energy releases 2019 Report on Sustainability

Suncor has released its annual Report on Sustainability which details the company's environmental, social and economic performance. Suncor's perspective on the challenges and opportunities of climate change, and the transition to a low-carbon economy are contained in its third Climate Risk and Resilience Report available within the Report on Sustainability and as a stand-alone downloadable PDF. The annual Report on Sustainability is available both online and as a downloadable PDF.

FortisBC secures first export contract for Tilbury LNG facility

FortisBC has entered into its first term supply agreement to produce liquefied natural gas (LNG) for Top Speed Energy Corp. to export to China. This term supply agreement is an unprecedented development in Canada's LNG export industry and was made possible by the completion of the Tilbury LNG expansion project in Delta, B.C. earlier this year.

New chief executive takes COSIA's helm

Canada's Oil Sands Innovation Alliance (COSIA) is pleased to announce the appointment of Wes Jickling as the organization's next Chief Executive, effective August 6, 2019. The appointment aligns with COSIA's updated strategic plan, focused on accelerating environmental performance through collaborative action and innovation, while sharing its story with Canadians and beyond.

Encana signs agreement to sell Arkoma Basin natural gas assets

Encana Corporation wholly owned subsidiary Newfield Exploration Mid-Continent Inc. has signed an agreement to sell its natural gas assets in Oklahoma's Arkoma Basin to an undisclosed buyer. Total cash consideration to Encana under the transaction is $165 million. The agreement is subject to ordinary closing conditions, regulatory approvals and other adjustments and is expected to close in the third quarter of 2019.  

TC Energy to sell Columbia Midstream assets in US$1.275 billion deal

TC Energy Corporation has entered into an agreement to sell its U.S. midstream assets held by its subsidiary, Columbia Midstream Group, to UGI Energy Services, LLC, a subsidiary of UGI Corporation, for approximately US$1.275 billion (Cdn$1.7 billion). The transaction is expected to close in the third quarter of 2019 subject to closing adjustments and customary regulatory approvals.

Subscribe to our free newsletter

Get our newsletter

Learn more

Shell sells Foothills sour gas assets to Pieridae Energy Limited

Shell announced that it has sold its Foothills sour gas assets to Pieridae Energy Limited, an experienced Canadian operator. The assets include three distinct sour gas plants (Waterton, Jumping Pound and Caroline) and the gas fields which feed them. Combined, they produce approximately 29,000 barrels per day of natural gas, natural gas liquids and condensate. 

Woodfibre LNG signs agreement with foundation customer

Pacific Oil & Gas Limited wholly-owned subsidiary Woodfibre LNG has signed a binding LNG Sales and Purchase Agreement (SPA) with BP Gas Marketing Limited, a wholly-owned indirect subsidiary of BP Plc, for the delivery of liquefied natural gas (LNG) from PO&G's Woodfibre LNG export facility in Squamish, British Columbia. 

Metso introduces new mine tailings management approach

Water conservation, efficient tailings management and responsible mine reclamation are becoming increasingly important for mines to ensure their license to operate. Spearheaded by the launch of the new Metso VPX filter for tailings dewatering, Metso introduces its comprehensive tailings management concept to enable and support environmentally and economically sustainable mining.

NETZSCH celebrates 50th anniversary of North American operations

NETZSCH Pumps North America, LLC, experts in solutions designed specifically for difficult pumping applications, announces it is celebrating its 50th anniversary in business. As a mid-sized, family-owned German company, NETZSCH manufactures machinery and instrumentation with worldwide production, sales, and service. The global company began its North America operations as a one-person office 50 years ago, and has since grown to more than 180 employees, with over $75 M in revenue for its three North American business units, Analyzing & Testing; Grinding & Dispersing; and Pumps & Systems. NETZSCH marked the milestone year with a gala celebration, held May 11, 2019 at the historic SunnyBrook Ballroom in Pottstown, PA.

Stork Consortium awarded 4-year turnaround framework agreement by Ecopetrol in Colombia

Fluor Corporation announced that Stork, part of Fluor's Diversified Services segment, together with its consortium partners, was awarded a 4-year framework agreement for plant turnaround services by Ecopetrol S.A. for its Barrancabermeja and Cartagena refineries in Colombia. The Colombia-based consortium includes Stork as the international lead partner, Rampint as the local partner in Barrancabermeja and Servimant as the local partner in Cartagena. The agreement also includes two extension options for an additional two years each. Both refineries supply fuel to meet Colombia's national and export product needs. Fluor booked the undisclosed contract value in the second quarter of 2019. 

Subscribe to our free magazine

Get Our Magazine

Paper or Digital delivered monthly to you

Subscribe or Renew Learn more

Three ways electrical technology improves oil and gas plant reliability and availability

As electrical machinery evolves and matures at an exponential pace - alongside increasingly available power grids to supply them - the oil and gas (O&G) landscape is witnessing major change. This is a positive shift as electrification not only meets ever tougher demands for lower global emissions, but also ticks boxes for improving O&G's availability and reliability. What's more, alongside greater productivity for operators, it adds up to greater safety for plant workers and the wider public too.

Pembina partners with Ducks Unlimited for prairie wetlands

A landmark gift from Pembina Pipeline Corporation is ensuring working landscapes across the Canadian Prairies also work for conservation. Its $1-million investment in Ducks Unlimited Canada's (DUC) Revolving Land Conservation Program will protect approximately 2,000 acres (809 hectares) of important wetland habitat. At the same time, communities across Alberta and Saskatchewan will benefit from a host of environmental benefits. The joint announcement was made and celebrated by Pembina and DUC at a ceremony held at one of DUC's conservation project sites located east of Camrose. 

CIRCOR initiative targets integrated solutions for oil and gas

CIRCOR Industrial Valves, a leader in designing and manufacturing flow control technology, features its commitment to ONE CIRCOR, ONE Solution, an initiative to provide the right solution for each customer by effectively drawing on the technical capabilities of CIRCOR's trusted brands, like Leslie Controls, Spence, RTK, Nicholson, and more. With a broad range of products to match to requirements and the technical expertise to design optimized systems for specific customer applications, CIRCOR engineers and provides integrated critical steam solutions for process industry, oil and gas, district energy and power systems.

Subscribe to our free newsletter

Get our newsletter

Learn more

Encana provides interim update on strength of operations

Encana Corporation has provided an update on its share buyback program and disclosed its intention to execute a substantial issuer bid (SIB) to fulfill its previously announced 2019 share buyback. In addition, the Company signed an agreement to exit China, strengthened its production outlook for the second quarter of 2019 and reiterated its original capital investment plan.

Oil sands forecast shows production increase but lower annual growth: IHS

Canadian oil sands production is set to enter a period of slower annual production growth compared to previous years. Nevertheless, total production is expected to reach nearly four million barrels per day (mbd) by 2030 - nearly one million more than today, according to a new 10-year production forecast by business information provider IHS Markit.

CAPP says Canada can play a key role on world stage if Canadians 'vote for energy'

Canada's next federal government has an opportunity to help define a strategic, long-term vision for the growth of Canada's oil and natural gas sector, one that promotes jobs and a healthy economy for all Canadians, while being part of the solution to meet growing global energy demand with responsibly developed energy, according to the Canadian Association of Petroleum Producers (CAPP).

nVent introduces new standardized design for mineral insulated heating units

nVent Electric plc has introduced a new standardized design for its nVent RAYCHEM Mineral Insulated (MI) heating units; industry-leading equipment designed to provide superior freeze protection and process temperature maintenance for high-power, high-exposure industrial heat-tracing applications. The new heating units ensure greater operational reliability and corrosion resistance in harsh environments.

AltaGas celebrates grand opening and first cargo from Ridley Island propane terminal

AltaGas Ltd. has celebrated the grand opening of its Ridley Island Propane Export Terminal (RIPET), located in Prince Rupert, British Columbia - the first marine export facility for propane in Canada. The facility began introducing propane feedstock in mid-April, and the first shipment departed the terminal on May 23, 2019 bound for Asia.

Capital spending shifts and increased free cash flow generation included in Husky five-year plan update

With a focus on generating increased free cash flow, the updated Husky Energy five-year plan shows reduced capital spending to achieve an annual average of $3.15 billion for 2019 - 2023 versus the previously planned 2018 - 2022 annual average of $3.5 billion. Total capital spending over the 2019 - 2023 five-year period is reduced by about $1.7 billion, with total free cash flow before dividends expected to reach $8.7 billion at a flat $60 US WTI planning price.

Subscribe to our free magazine

Get Our Magazine

Paper or Digital delivered monthly to you

Subscribe or Renew Learn more