UniversalPegasus International received TransCanada Corporation’s Gold Medal for exceptional safety performance on the Keystone Cushing Pipeline project. In a ceremony on May 4, 2011, UPI’s President and CEO, John M. Jameson, along with Michael Queen, vice president of Corporate Safety, and Hans J. Kast, Keystone project director, accepted the award on behalf of the UPI team.
Completed earlier this year, the Keystone Cushing Extension Project extends the first phase of the Keystone pipeline system. The extension is a 36-inch diameter pipeline of approximately 298 miles from Steele City, NB to the storage and distribution facilities in Cushing, OK, a major crude oil marketing, refining and pipeline hub. The extension also included the construction of four new pump stations as well as expansion of the pumping units for 22 of the existing 23 pump stations constructed during the first phase of the pipeline system. UPI was an integral part of the team that executed these first two phases of the project and will remain so for the next two major phases of the Keystone XL Expansion, a 1,661 mile expansion to the Keystone pipeline system.
Vermeer Corporation has signed an alliance agreement with Pioneer One Inc., of Mooresville, IN, to offer contractors access to the Pioneer One line of rock tooling solutions through the global Vermeer dealer network.
Vermeer’s Dave Wisniewski said, “This agreement provides our customers with access to a proven rock boring system that can enhance rock boring productivity.”
Caterpillar Inc. and Bucyrus International, Inc. received notification from the United States Department of Justice (DOJ) that it has closed its investigation into Caterpillar’s planned acquisition of Bucyrus. The clearance will allow the acquisition, valued at approximately $8.6 billion (including net debt), to proceed as soon as all other conditions to closing have been satisfied. The transaction is expected to close in mid-2011.
“We were very pleased to hear this positive news from the Department of Justice about this strategic acquisition,” said Caterpillar Chairman and CEO Doug Oberhelman. “Since we announced our plan to acquire Bucyrus last November, we have continued to hear from our customers that this complementary expansion of our mining product range is what they have been looking for from Caterpillar. This will position us to better serve the increasingly complex requirements of those customers,” Oberhelman added.
McJunkin Red Man Corporation (MRC) has agreed to acquire Stainless Pipe and Fittings Australia Pty Ltd (SPF), as part of its strategic vision to be one of the world’s premier pipe, valve and fitting (PVF) distribution company to the energy and industrial markets. Effective as of closing, SPF will operate as MRC SPF. The acquisition will enhance MRC’s global project capabilities. The transaction, which was expected to close by the end of June, is subject to customary closing conditions.
Headquartered in Perth, Western Australia, SPF has seven locations across Australia as well as Korea, Italy, the United Kingdom and United Arab Emirates. SPF’s 430,000 sq-foot facility in Perth would become MRC’s premier pipe, fittings and flange (PFF) stocking and distribution center for Australasia.
KHE Group B.V. (Koop Group) from the Netherlands and Habau GmbH from Austria reached agreement on a sale of 100% of the shares in the Nacap group of companies that will result in all activities of Nacap being combined within the Habau Group.
The existing business plans of Nacap will serve as the basis to further expand the pipeline business in the Habau Group. The activities of Nacap, which has 3,000 employees, will be continued under the Nacap name operating out of the head office in Eelde, The Netherlands. Pipeline activities of Habau in Europe (PPS) and South America (Conduto) will, together with Nacap, be integrated in one energy cluster to create a global pipeline contracting company. In particular, the horizontal directional drilling expertise of Nacap will become part of the Habau Group’s portfolio. The combined company will employ over 6,500 people.
Knight Oil Tools has named Matthew Scott corporate account representative. He will be based in the company’s Dallas/Ft. Worth office.
Michael Baker Jr., Inc., an engineering unit of Michael Baker Corp., has set up a Pittsburgh-PA based oil and gas pipeline engineering services group to serve the Marcellus Shale midstream and greater northeast U.S. downstream pipeline markets. The group will be led by Robert Morgan.
Western Pacific Crane & Equipment has named Robert Johnson as president. Johnson will oversee all operations for Western Pacific Crane & Equipment, a newly formed affiliate of the Lanco Group of Companies.
As an authorized distributor, Western Pacific Crane & Equipment will sell, service and provide product support for Manitowoc, Grove and National Crane products to customers in California, Oregon, Washington, Alaska and Hawaii, as well as western Canada, Guam and the Marshall Islands.
ShawCor Ltd.’s pipecoating division, Bredero Shaw, has received a contract in excess of US$60 million from Welspun Corp. Limited, to provide pipeline coatings and related products and services for the Zawtika Development Project operated by PTTEP International Limited.
The contract will be executed at Bredero Shaw’s facility in Kabil, Indonesia.The contract involves coating approximately 335-km of 10- to 28-inch pipe that will be protected with three layer anticorrosion coating and concrete weight coating.