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TC Energy Shareholders Approve Spinoff of South Bow
June 7, 2024
TC Energy said its shareholders voted to approve the spinoff of the company’s liquids pipelines business and elected TC Energy’s board of directors at its 2024 annual and special meeting of shareholders. TC Energy shareholders voted in favor of the
TerraSource Global Acquires Peninsula Iron Works
June 7, 2024
TerraSource Global has acquired Peninsula Iron Works (PIW). PIW is a premier refurbisher, rebuilder, and parts manufacturer for capital equipment and large assemblies across the mining, metal products/fabrication, steel recycling/making, building products, and industrial equipment industries. PIW services include new
Key Energy Services Acquires Endeavor’s Well Servicing Division
June 7, 2024
Key Energy Services has acquired substantially all the assets of the well servicing division of Endeavor Energy Resources in an all-cash transaction. Key will continue support Endeavor’s well servicing needs in the Permian Basin with these assets. “We are excited
Saltchuk to Acquire Overseas Shipholding Group for $950 Million
June 7, 2024
Overseas Shipholding Group and Saltchuk Resources have entered into a definitive merger agreement where Saltchuk has agreed to acquire OSG in a transaction that values the company at an aggregate equity value of approximately $653 million and a total transaction
Seadrill to Sell Three Jackups Rigs for $338 Million to Gulf Drilling International, Qatar
June 7, 2024
Seadrill Limited has entered into a definitive agreement to sell three jack-up rigs — the West Castor, the West Telesto, and the West Tucana (Qatar Jack-Up Fleet) — and its 50 percent equity interest in the joint venture that operates
Sulzer Collaborates with TechnipFMC on CO₂ Pumps for Subsea Oil and Gas Separation
June 7, 2024
Sulzer Flow Equipment has been selected by TechnipFMC to collaborate in developing new subsea CO₂ pump solutions for new technologies. Petrobras’ revolutionary high pressure separation technology, HISEP®, enables the separation of CO₂-rich natural gas from oil at the seabed. The
Senator Capito Introduces Resolution to Block Biden’s Plan to Shutter American Power Plants
June 7, 2024
U.S. Senator Shelley Moore Capito (R-W.Va.), Ranking Member of the Senate Environment and Public Works (EPW) Committee, led 43 of her Senate colleagues in introducing a formal challenge to the Biden administration’s regulations intended to shut down American power plants
ABB Transforms Flow Measurement in the Field with Ethernet-APL Connectivity
June 7, 2024
ABB is bringing the benefits of ethernet communications to flow measurement with the integration of Ethernet-APL (advanced physical layer) connectivity in its flowmeters for the first time. The new FSS400 Swirl and FSV400 Vortex flowmeters now offer possibilities for simplified
Wood Mackenzie Appoints Xizhou Zhou as EVP and Head of Power and Renewables Business
June 7, 2024
Wood Mackenzie has appointed Xizhou Zhou as EVP and head of Power and Renewables. “Xizhou is a recognized leader in our industry and brings a wealth of experience and expertise to Wood Mackenzie. His leadership acumen, combined with his strategic
iNPIPE PRODUCTS Unveils New Pipeline Blockage Detection, Valve Performance Product Acoustek
June 6, 2024
North Yorkshire based iNPIPE PRODUCTS has launched a new pipeline blockage and leakage detection product which, using acoustic reflectometry technology, detects blockages, obstructions or leaks. Acoustek is believed to be the first product of its type on the market which
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