Oil and gas industry announcements: 2 March 2015

Atlas Copco

Air Kraft Ltd has been awarded the accolade of Atlas Copco Compressor’s Distributor of the Year for 2014. Presenting the award, Paul Clark, the company’s Business Line Manager, Industrial Air Division said, “Air Kraft’s team were consistent performers throughout the year and this award is a significant achievement because it is not based solely on meeting sales targets. Rather, it is assessed on key performance indicators for the whole business and the spread of growth versus that of the pervious year.”

Hempel

Hempel’s HEMPADUR AvantGuart range of products have won the 2014 European Frost & Sullivan Award for New Product Innovation. To be presented on 14 May in London, the award recognises the products’ ability to provide superior anti corrosive protection for iron and steel structures in tough environments. The award recognises the products’ ability to offer reduced corrosion, improved performance in extreme temperatures and superior mechanical strength.

John Wood Group

Wood Group Kenny (WGK) has appointed Bob MacDonald as CEO, effective 6 April. Bob moves into the role from his position as WGK regional director for North Sea. Bob succeeds Steve Wayman who now becomes Wood Group’s head of strategy and development. He is replacing Ali Green who will step down from his current role but will continue to provide support to the team as he transitions out of the business this year.

Plains All American

Plains All American Pipeline, L.P. has announced that it has acquired Legion Terminals, LLC, which owns a crude oil terminal under construction in Johnson’s Corner, McKenzie County, North Dakota. The terminal, which is expected to be in service in Q3 2015, is strategically positioned to serve as a crude oil logistics hub in the Williston Basin. The terminal is located on approximately 60 acres of property and includes 500 000 bbls of crude oil storage, pipeline interconnects, truck facilities and other associated assets. The terminal is permitted for up to 2 million bbls of crude oil storage and 8 pipeline interconnects and 12 truck unloading stations.

Valero

Valero Energy Partners LP has announced that the board of directors of its general partner has approved the partnership’s acquisition of certain businesses from subsidiaries of Valero Energy Corporation. In the transaction, the partnership will receive the outstanding membership interests in Valero Partners Houston, LLC and Valero Partners Louisiana, LLC for total consideration of approximately US$671 million. The transaction is expected to be immediately accretive to the partnership and its unit holders and was expected to close effective March 1 2015.

Edited from press releases by Claira Lloyd

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