Company News

Mechel, Russian mining and metals company, is supplying rebar, structural shapes and hardware rolls for construction of Power of Siberia and Altai gas pipelines.

OneSubsea, a Cameron and Schlumberger company, has been awarded a contract worth more than USD 60M for the Shah Deniz Two development, operated by BP, offshore Azerbaijan.

Sun Valley, supplier of quality processed and raw nuts to European retailers and major blue chip manufacturers, recently purchased a number of bespoke filter systems designed and manufactured by filtration specialist Axium Process. The company, which traditionally used a sheet filter system for removing nutshell debris from oils, was looking for a flexible system capable of filtering from 2000micron down to 50micron that would require only a small footprint as well as being easy to maintain and clean.

Seatronics, an Acteon company and part of its survey, monitoring and data business, has promoted Derek Donaldson from vice president, Asia Pacific, to vice president, Global Operations. Donaldson enters into a new position within the Seatronics Group management structure, reporting directly to the Seatronics Group managing director, Phil Middleton.

Otto Energy announced the appointment of Matthew Allen as managing director, effective 24 June 2015. Matthew will also continue as CEO. Photo courtesy of Citadel Magnus Allen joined Otto in November 2009 as CFO and was appointed CEO in February 2014.

International oilfield services company Expro secured new contracts from Tullow Oil, Africa’s independent oil company.

ArcelorMittal WireSolutions signed three contracts to supply approximately 21,500t of steel fibres to the Doha Metro in Qatar.

Ceona, SURF contractor with deepwater subsea construction capabilities, announced that the company’s executive vice president commercial and business development, Mark Preece, has been appointed as the CEO. Photo courtesy of Ceona Preece takes over from current CEO, Steve Preston, who after 40 years in the industry has decided to retire from operational management and step down.

It is with deep regret and heartfelt sadness that Raccortubi announces the passing away of PierGiorgio Pentericci, President of Raccortubi Group and father of Vice President Luca Pentericci. Over the course of his sixty years at Raccortubi, PierGiorgio Pentericci took the company on its journey from distributor of iron fittings to the stockist and manufacturer of piping materials that it is today.

In 2014, several heat exchangers at an Egyptian Propane Dehydrogenation plant failed unexpectedly and caused a production shutdown.