News

Ensco plc took delivery of the seventh and final rig in the ENSCO 8500 Series® at the Keppel FELS shipyard in Singapore, where all the rigs in the series have been built.

Globalgroup Investment Holdings, Inc. announced that its subsidiary Sovereign Oil Corp has begun re-working O&G wells in Kansas.

GE announced the acquisition of PRESENS, a provider of pressure, temperature and flow measurement solutions. The acquisition expands GE’s portfolio of sensing solutions and will be part of the company’s Measurement & Control business within GE Oil & Gas.

Managed Pressure Operations International Ltd. (MPO), a provider of technologically advanced managed pressure drilling systems is expanding its delivery of the innovative Non-Stop Driller (NSD) Continuous Circulation (CC) system, announced Charles Orbell, President and CEO. By maintaining constant bottom hole pressure and enabling continuous hole cleaning during connections, the NSD continuous circulation system prevents well bore ballooning, stuck pipe incidents and connection gas buildup significantly reducing non-productive time.

Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, is pleased to announce the appointment of the Italian engineering company CSTI Srl as engineering contractor for the Rapagnano Gas Field and a related funding contract. Sound Oil has appointed CSTI to undertake the surface and facilities engineering for the Rapagnano project and has also signed an associated funding contract with CSTI.The Rapagnano field, located in the Fermo Province (Marche), onshore Italy, was discovered in 1952 and produced 4Bscf gas from the Pliocene interval until 2001, when the well was shut down because of water influx from the upper of two separate gas-bearing reservoirs.

In Germany, one of Europe’s leading power producers has chosen Flowrox pinch valves for their coal power plant.

Curtiss-Wright Flow Control Company announced that it is expanding the manufacturing operations of its Farris Engineering and Benshaw business units in China with a move to a new, state-of-the-art facility in the Wuqing Development Area located between Tianjin City and Beijing, China’s capital.

From January to May 2012, China’s output of valves hit 2.629 million tons, up 14.6% year-on-year, according to the new industry report China Valve Industry, 2011-2012, published by Research in China.

Fluid and metering technologies company IDEX Corporation has acquired Matcon Group Ltd., a provider of material processing solutions for high-value powders used in the manufacture of pharmaceuticals, food, plastics, and fine chemicals.

Furmanite Corporation, a large provider of valve services, has acquired certain assets and operations of Crane Energy Flow Solutions' Houston Service Center.