Company News

Pacific Rubiales Energy Corp. has partnered with EXMAR to develop a LNG export project in northern Colombia. EXMAR is a Belgian-based diversified shipping group serving the international oil and gas industry.

McJunkin Red Man Corporation (MRC) has signed an agreement to acquire Stainless Pipe and Fittings Australia Pty Ltd (SPF). This brings MRC one step closer to realizing the company’s strategic vision to be the world’s leading pipe, valve and fitting (PVF) distribution company for the energy and industrial markets.

The Board of Royal Dutch Shell plc (Shell) has made the final investment decision on the Prelude Floating Liquefied Natural Gas (FLNG) Project in Australia; the company will build the world's first FLNG facility. Moored some 200km from the closest land in Australia, the FLNG facility will produce gas from offshore fields

Sandvik’s wire production facility in Sandviken, Sweden has begun its first production runs after a major fire attacked the facility. The fire took place on 14 April and continued on into 15 April 2011, destroying equipment and damaging parts. The pickling plant within the wire production facility was completely destroyed and some of the wire drawing machines were damaged. No one was injured.  After a complete assessment of the damage, work began immediately on decontaminating, cleaning, repairing and, where applicable, replacing the plant.

Diversified Ulbrich of Canada has launched its new website, www.DiversifiedUlbrich.ca, as part of a continued expansion plan. Widely known in Canada for an extensive inventory of stainless products, the company is also showcasing a new aluminum sheet product line. The new site was created for new and existing clients desiring an online source of information regarding Diversified’s products and services. The site includes tools, quality form downloads, an RFQ submission page and an online quality survey.

G.O. Carlson, Inc., producer of high-performance corrosion- and heat-resistant materials, is celebrating its 75th anniversary this year. The company held a special event to celebrate this milestone at the Cross Creek Resort and Country Club with more than 220 people in attendance including retirees, current employees from both G.O. Carlson, Inc. and Electralloy, and several members of the Travaglini family.

GL Noble Denton has published a new Guideline for the certification of blow-out preventers (BOPs). The Guideline defines the steps to be taken by independent third party certification bodies in certifying the integrity of the asset, which monitors and controls the flow of oil and gas wells. Since the Macondo incident, the oil and gas sector has placed much more emphasis on the inspection and testing of BOPs to ensure compliance with industry standards.

Allegheny Technologies Inc. has completed its acquisition of Ladish Co. Inc., a USD 883 million cash and common stock purchase. The Milwaukee-based company is now an operating unit of ATI’s High Performance Metals division, which includes superalloy and titanium metal producer ATI Allvac and refractory/reactive metals producer ATI Wah Chang.

Lincoln Electric will become the industry’s first international welding equipment manufacturer to add 2D Microsoft® Tag barcodes to its welding products. The Microsoft Tag codes will be featured on the product nameplates of some of Lincoln Electric’s most popular equipment. With a simple scan from a web-enabled camera phone, these codes will help consumers in the pre-sale distributor showroom environment

OAO Severstal has acquired a 25% stake in the Brazilian company SPG Mineração. SPG owns highly prospective iron ore exploration licenses in Amapa, Brazil. The total cost of the deal is USD 49 million, payable in performance related installments with a portion of the amount to be directed to finance the first stage of geologic exploration which aims to re-confirm the attractive geologic potential of the target’s properties.