January 2009
News & Resources

Companies in the news

Vol. 230 No. 1 Emerson Process Management announced the opening of its new Asia Flow Technology Center in Nanjing, China. The center expand

Companies 
Vol. 230 No. 1

Emerson Process Management announced the opening of its new Asia Flow Technology Center in Nanjing, China. The center expands production capacity and services for Emerson’s flow metering and measurement technologies that serve the oil and gas, refining, petrochemical and other industries. The 12,500-sq-m facility will manufacture measurement technologies, including Micro Motion Coriolis flow and density meters, Rosemount vortex and magnetic flowmeters and Daniel ultrasonic and differential pressure flowmeters. The center is located in Nanjing’s Jiangning Science Park.

Halliburton’s new Stim Star Borneo vessel is a self-propelled barge designed to
work both in the offshore oil and gas fields and in the rivers and deltas of Indonesia.
The vessel is fully equipped to handle all phases of production stimulation including
acidizing, acid fracturing, proppant fracturing, sand control and conformance treatments. In addition, it is equipped to provide well intervention services using coiled
tubing. Slickline and electric line capabilities can be added when required. At 200 ft in
length and 66 ft wide, the vessel has an operating draft of 10.5 ft offshore and 9 ft in
delta areas. Above-deck storage capacities is 5,200 gal acid, 4,400 gal of additives and 350,000 lb of proppant. Below deck, capacities are almost 3,500 bbl of process and completion fluid and over 4,700 bbl of drill water. Maximum fracturing rate is 18 bbl/ min. with sand and 25 bbl/min. with clean fluid.

Fusion Geophysical LLC announced the formation of FusionGeo Inc. to combine its global businesses with those of 3DGeo Inc. The merger will integrate the imaging technologies of 3DGeo into Fusion’s Lagniappe platform, while capitalizing on Fusion’s global network of partner companies.

French-based geophysical company CGGVeritas has made a voluntary exchange tender offer for 100% of the shares of Wavefield Inseis ASA, a Norwegian pure-play seismic company. Wavefield operates a fleet of eight seismic vessels and develops geophysical equipment based on fiber optic technology. CGGVeritas will offer eligible Wavefield shareholders one newly issued CGGVeritas share for each seven Wavefield shares, for a total transaction value of about $395 million. The proposed acquisition follows the settlement of a merger dispute between Wavefield and TGS-NOPEC Geophysical, in which Wavefield agreed to pay TGS $12.5 million.

Mustang Engineering and J P Kenny, both part of international energy services company John Wood Group PLC, will provide the front-end engineering design for ConocoPhillips’ Greater Ekofisk Area Development 2/4 Z, a 40-slot wellhead platform located in about 230-246 ft of water in the Norwegian sector of the North Sea. Mustang will design the jacket and topsides, estimated to be 7,400 mt, and J P Kenny will design the subsea flowlines and pipelines across the Greater Ekofisk area. The engineering is expected to be complete by year-end 2009.

BJ Services Co. announced that its Process and Pipeline Services division. has expanded its fleet of liquid nitrogen storage tanks in Australia and Dubai. Liquid nitrogen is integral to nitrogen purging, gas stripping and helium leak detection. The company purchased 16 new tanks, valued at US$1.2 million, in Perth, Western Australia, to support commissioning service contracts for several major clients operating in Australia. This increases BJ’s tank fleet in Australia to 41 units. The company also added its largest nitrogen pump unit to its Middle East fleet. Based permanently at the BJ base in Dubai, the 660,000-ft2/hr trailer-mounted nitrogen pump unit features a tractor unit and integral 3,000-gal liquid nitrogen tank, which can pump and vaporize nitrogen at 11,000 ft2/min.

General Robotics Ltd. (GRL) has supplied a ROVolution simulator to Northeast England-based CTC Marine Projects, a subsidiary of Trico Marine Services Inc. that specializes in the trenching of subsea pipelines and cables. The simulator will be used for general ROV pilot training and in practicing trenching plough deployment. CTC is using ROVolution as a general ROV pilot training tool to train pilots across all their ROVs and associated equipment. With sonar and instruments, the ROVolution behaves like a real ROV across a range of scenarios, making the operational and training environments similar.

Canrig and Epoch Well Services have merged to create a drilling technology company offering an extensive and diverse product line. The company, headquartered in Houston, is known as Canrig Drilling Technology Ltd. Originally founded in Calgary over 20 years ago, Canrig is a manufacturer of drilling equipment including top drives, automated catwalks, floor wrenches, control systems and intelligent accessories. Epoch is a supplier of drilling data, analysis and reporting systems and software.

Plymouth, Mich.-based Simrit Oil & Gas LLC, a wholly owned subsidiary of Freudenberg-NOK General Partnership, announced the acquisition of the assets of Petroleum Elastomers of Houston, a manufacturer of specialized custom sealing components for the oil and gas industry. Petroleum Elastomers molds a wide range of elastomeric products but is widely known for its blowout preventer ram packers and spherical packing elements for extreme conditions.

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