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Oil and gas industry announcements: 3 September 2014

Hydrocarbon Engineering,


Accenture has completed its acquisition of Hytracc Consulting, expanding Accenture’s hydrocarbon and revenue accounting services that help oil and gas companies more effectively track, manage and deliver hydrocarbons from the wellhead to the sales meter.

The acquisition, first announced on August 5, includes Hytracc’s 100 skilled staff who provide specialist consulting, software implementation and support services within the hydrocarbon supply chain. Hytracc is a primary supplier of expertise and services for Energy Components, a hydrocarbon accounting solution. As part of Accenture’s energy industry group, Hytracc complements Accenture’s upstream production management solutions, which include hydrocarbon and revenue accounting outsourcing activities.


A team of nine Arup volunteers have travelled to Panama to build a bridge that will connect the villages of Arriba, Teria Nacimiento and EL Caracoral. The suspension footbridge will be 8 m in height and will span a distance of 46 m across the river Ciricito. Currently the river floods four months of the year and cannot be crossed safely so the bridge will provide vital access to local schools, markets and medical facilities.

Arup is working on the project with Bridges to Prosperity (B2P), a not for profit organisation that aims to overcome rural isolation through the construction of footbridges over impassable areas enabling people to access health centres, schools and towns.

CVR Refining

CVR Refining, LP announced on September 2 that its Coffeyville refinery resumed normal operations last week within the time frame the company indicated during its 2014 second quarter earnings conference all. The refinery had been shutdown since July 29 as a result of a fire that damaged its isomerisation unit and distributive controls system.


The US Environmental Protection Agency (EPA) is reducing hazardous air pollutants released into the environment by awarding US$ 598 224 to the New Mexico Department of Environmental Quality. The grant will promote and support sustainability and pollution prevention in the state. Pollution prevention, or reducing pollution at the source, is an integral component to becoming more sustainable over time. Sustainability involves understanding and evaluating environmental performance and impacts, economic productivity, and individual societal needs.’

Hone-All Precision

A family owned engineering firm, which supplies petrochemical, aerospace and defence sub contractors, has been hailed for its exemplary health and safety practices and is now being used as a beacon of best practice for other companies across the UK. Hone-All Precision employs 37 staff and worked with EEF after recognising that it faced a challenge, which was to implement a world class health and safety management system that would meet stringent legislation, but be practical enough for a small business to use on a daily basis.


IHS Inc. has acquired PCi Acrylonitrile, a strategic provider of chemical market insight and consulting services for the global acrylonitrile and derivatives industry. The acquisition further deepens and strengthens the existing IHS Chemical global market coverage in the commodity and engineering plastics and fibres sectors.


Linde North America, Inc. is a corporate sponsor for MassBio’s 20th Annual Golf Classic, a major fundraiser that benefits its sister organisation, the MassBioEd Foundation. The event will be held on September 5 at the prestigious Pinehills Golf Club in Plymouth, Massachusetts.

The MassBioEd Foundation supports science and biotechnology education in Massachusetts through educational programs, workforce development, and lifelong learning. MassBioEd Foundation’s signature BioTeach program provides biotech curriculum, lab equipment and supplies, teacher professional development and mentoring, and student career exploration experiences to 201 schools across the Commonwealth.


Saipem and the Politencnico di Milano have signed a collaboration agreement to create a new visiting chair within the university’s engineering faculty, to be known as the ‘Saipem International Chair.’ The initial agreement, which was signed in the Aula Magna of the Politecnico di Milano, by the Dean, Giovanni Azzone and Saipem’s CEO, Umberto Vergine, is due to last three years starting from the 2014 – 2015 academic year. The chair will be awarded annually to a leading international scholar from the field of energy and plant engineering. Courses taught by the chair will focus on project management and will be conducted in English with the aim of attracting both Italian and international students.

Edited from press releases by Claira Lloyd

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