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Oil and gas company announcements: 9 Oct 2014

Hydrocarbon Engineering,


Bechtel has been selected by Louisiana LNG Energy, LLC to provide front end engineering and design for a new midscale liquefaction facility and export terminal in Louisiana, south of New Orleans on the Mississippi River. The design will centre on a modular approach, which shortens the construction schedule and accommodates future expansion.

Jim Lindsay, CEO, Louisiana LNG Energy said, ‘Bechtel brings world class experience in the engineering, design and construction of LNG liquefaction projects coupled with leadership in modularisation and Gulf Coast self perform work.’


Energtek Inc. has been informed that Energtek North Country Inc., (ENCI) has received an important regulatory ruling from the Vermont Public Service Board. The board has exercised its discretion to allow ENCI competitive market forces to control rates, service quality, and reliability for ENCI’s commercial and industrial natural gas customers, especially to small and mid size enterprises, rather than using regulated rates.

As a result, ENCI plans to provide natural gas to commercial and industrial customers via truck delivery in the state of Vermont without Board oversight of its rates, management, or the construction of its proposed natural gas compression facility in Swanton, Vermont.


US Secretary of Energy Ernest Moniz has presented the first James R. Schlesinger Medal for Energy Security to Daniel Yergin, IHS Vice Chairman and Pulitzer Prize Winning energy expert, in a ceremony at the US Department of Energy. Moniz said, ‘Yergin has made unique contributions to the energy security debate. His writings, from The Prise to The Quest, have provided the historical perspective for understanding today’s energy security challenges. His emphasis on energy market structures as a critical energy security consideration is an important part of America’s energy and security policy conversation.’


Intertek is providing important testing, inspection, and measuring services to support the development and production of the new CLOV floating production storage and offloading (FPSO) terminal. The CLOV operation is located 150 km offshore, in deep water depths of 1200 m.


Metso has opened a new service centre in Germany and another in France to support the company’s strategy to grow its valve and field device service business and to strengthen its service capabilities for the petrochemical, oil and gas and pulp and paper industries. Since 2012, Metso has established 10 new valve service centres around the world. By the end of the year, the total number of Metso valve and field device service centres will exceed 40.

Timo Hanninen, VP, Services, Flow Control, Metso said, ‘our target is to continuously improve our service capability and scope of offering to help our customers ensure outstanding long term process performance with high reliability and safety. The new service centres, where overhauls are carried out according to Metso’s accurately defined service procedures, offer our customers the full advantage of the Metso product experience and industry expertise. The products are reconditioned to their original product specifications by our skilled experts and returned to the customers with the same warranty as new products. All our quality and environmental procedures naturally meet the ISO 9001 standard, and our service personnel have ATEX qualifications to ensure the safe use of electrical and mechanical equipment in hazardous areas.’

Onset Financial

Onset Financial is nearing completion on a funding of US$ 20 million in refining equipment for a Texas based energy company. This equipment, spread between several locations across the Southern United States, will be used for refining of various products including petrochemicals, asphalt, and low emission fuels for everyday use.

Libby Lohnes, Vice President of Sales, Onset Financial said, ‘we are thrilled to help our client keep up with the increasing demand for roadways and fuel in a growing America. Securing financing for equipment at multiple locations in different sates can be very challenging. We are excited to provide them with the funding to help fuel their growth.’


Ann-Sofie Nordh has been appointed Head of Investor Relations at Sandvik. Nordh has been with Sandvik since early 2014. Her background comprises 20 years of experience from the financial market, most recently in a position as responsible for Nordea Equities Corporate Services. Previously she was with Nordea Markets and Alfred Berg as an analyst, focusing on Swedish industry groups.

Edited from press releases by Claira Lloyd

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