Home Newsletters ECT - 20th May 2019

ECT - 20th May 2019

Occidental Wins Bid For Anadarko

Anadarko Petroleum Corp. has announced that it has entered into a definitive merger agreement with Occidental Petroleum Corporation under which Occidental will acquire all of the outstanding shares of Anadarko for...

Chart To Buy Harsco Air-X-Changers Business

Chart Industries, Inc. announced it has entered into a definitive asset purchase agreement to acquire the Industrial Air-X-Changers business of Harsco Corp. for $592 million in cash. The transaction is expected...

CSI Compressco’s Fleet Exceeds 1 Million Hp

CSI Compressco LP’s operating fleet grew to 1,017,452 hp (759 MW) during the first quarter of 2019, surpassing a million for the first time. Utilization was 87.2% up from 84.2% a...

Exterran To Merge Houston Compressor Plants

Exterran Corp. is consolidating its two Houston compression manufacturing/fabrication plants as it continues to reject low-profit orders. By the end of the year, the 12001 North Houston Rosslyn Road facility will be...

USAC Sees Market Shifts In 2020

Eric Long, president and CEO of USA Compression Partners (USAC), sees steady demand for new compression for a year and perhaps longer. He said lead times for the major components of packages...

Siemens Spinning Off Gas And Power Division

Siemens will spin off its Gas and Power (GP) division in the hopes of meeting medium-term growth and profit targets by clearly focusing its portfolio on dynamic growth markets and efficiency...
Enerflex logo

Enerflex Coasts On Order Backlog

Enerflex Ltd. had net earnings of C$17 million for the first quarter of 2019, up from C$10.9 million in the same period of 2018, as it continued to work down its...
Zahroof

Zahroof, Burckhardt Align To Serve GCC Nations

Zahroof Valves and Burckhardt Compression Services have formed a partnership that allows Burckhardt to offer Zahroof products in the Gulf Cooperation Council (GCC) nations, such as Saudi Arabia, the United Arab...

Archrock Sees Strong Demand Ahead

Archrock Inc., the nation’s largest contract compression firm, grew its contract operations revenue 13% and its average operating horsepower 8% during the first quarter of 2019, compared with the same period...

GCA Providing Five Scholarships

The Gas Compressor Association (GCA) is offering up to five US$2000 scholarships to interns, employees, spouses of employees or children of employees of GCA member companies. The scholarships will count toward a...