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Flowserve to supply pumps for Shell project in Malaysia
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Business news
WORLD PUMPS
April 2014
United Rentals to acquire Xylem appoints new president and CEO National Pump United Rentals Inc is buying the North American pump rental company National Pump. The US$780 million purchase price is comprised of US$765 million in cash and US$15 million in stock. National Pump is a supplier of pumps for energy and petrochemical customers. Set up in 2007, National Pump had revenues of US$211 million and adjusted EBITDA of US$103 million in the last 12 months. Upstream oil and gas customers represent about 50% of National Pump’s revenues. The business has 35 branches, including four in western Canada. Under the terms of the agreement, United Rentals is acquiring the assets of National Pump & Compressor Ltd, Canadian Pump and Compressor Ltd, GulfCo Industrial Equipment LP and LD Services LLC.
United Rentals plans to double the size of its pump business within five years.
Xylem Inc has named Patrick Decker as its new president and CEO.
Michael Kneeland, president and chief executive officer (CEO) of United Rentals, said: “This transaction is an important step in our strategy to create a company that delivers strong financial returns through the cycle. We have been executing against a plan to strengthen and diversify our business, as demonstrated by our 18 specialty cold starts in 2013 and 13 planned for 2014. National Pump provides an attractive new specialty offering which increases our penetration in growing end markets and advances over time our financial goals of delivering strong free cash flow and improved returns.”
Decker, 49, joins Xylem from industrial services company Harsco Corp, where he was also president and CEO. Before Harsco, Decker served as president of Tyco Flow Control.
www.unitedrentals.com www.npcrents.com
Flowserve to supply pumps for Shell project in Malaysia Flowserve Corp is to provide custom-designed water injection and liquid transfer pumps for Sabah Shell Petroleum Co’s Malikai oilfield project, which is located 110 km off the coast of Sabah, Malaysia. The US company will also supply pumps for seawater lift, firewater, drain caisson, flare knockout drum, circulation and sump services. Built in accordance with ISO 13709/API 610, Flowserve will provide four highly engineered, variable speed drive barrel pumps of super duplex stainless steel
www.worldpumps.com
construction. Two WIK (BB5) multistage double case diffuser pumps will supply high-pressure deoxygenated water for well injection and a pair of HSO (BB5) multistage, double case volute pumps will transport the crude from the field to the processing facility. Flowserve will also deliver six WUC (VS6) vertical, double case, multistage pumps, six Pleuger submersible pumps in super duplex materials and six HPX (OH2) single stage API process pumps for various process services. www.flowserve.com
He succeeds Steven Loranger who has led Xylem since Gretchen McClain left the company last year. A former chairman, president and CEO of ITT Corp, Loranger will remain a member of the Xylem board. “The board of directors selected Patrick because of his leadership
qualities, proven track record leading large global businesses, and extensive knowledge of the water industry,” said Xylem chairman Markos Tambakeras. “Patrick understands the economic and social implications surrounding water, and sees potential in Xylem’s unique portfolio of technology and services to solve the world’s toughest water challenges.” “I am energised to be back in the water industry with Xylem’s strong team, unmatched portfolio and global footprint,” said Decker. www.xyleminc.com
Weir Minerals expands service centre network Weir Minerals Europe is adding three new service centres to its network. The company will establish a new facility in Kazakhstan during 2014, while service centres in Morocco and Italy were launched earlier this year.
Each new facility offers service engineers to help extend the lifecycle of products, alongside a full suite of Weir Minerals products, including pumps, valves, screens, cyclones, rubber, and comminution equipment. www.weirminerals.com
Lewa secures its largest ever order Lewa GmbH is to supply 40 process diaphragm pumps for the development of two huge offshore gas fields in the Persian Gulf. The order, valued at about €30 million, is the largest that Lewa has received to date.
The Lewa pump systems will be installed on 13 wellhead and two tie-in platforms (drilling and conveyor) and used at operating pressures of 140 to more than 500 bar to inject monoethylene glycol (MEG) and sulfur solvent. www.lewa.com
Business news
WORLD PUMPS
April 2014
United Rentals to acquire Xylem appoints new president and CEO National Pump United Rentals Inc is buying the North American pump rental company National Pump. The US$780 million purchase price is comprised of US$765 million in cash and US$15 million in stock. National Pump is a supplier of pumps for energy and petrochemical customers. Set up in 2007, National Pump had revenues of US$211 million and adjusted EBITDA of US$103 million in the last 12 months. Upstream oil and gas customers represent about 50% of National Pump’s revenues. The business has 35 branches, including four in western Canada. Under the terms of the agreement, United Rentals is acquiring the assets of National Pump & Compressor Ltd, Canadian Pump and Compressor Ltd, GulfCo Industrial Equipment LP and LD Services LLC.
United Rentals plans to double the size of its pump business within five years.
Xylem Inc has named Patrick Decker as its new president and CEO.
Michael Kneeland, president and chief executive officer (CEO) of United Rentals, said: “This transaction is an important step in our strategy to create a company that delivers strong financial returns through the cycle. We have been executing against a plan to strengthen and diversify our business, as demonstrated by our 18 specialty cold starts in 2013 and 13 planned for 2014. National Pump provides an attractive new specialty offering which increases our penetration in growing end markets and advances over time our financial goals of delivering strong free cash flow and improved returns.”
Decker, 49, joins Xylem from industrial services company Harsco Corp, where he was also president and CEO. Before Harsco, Decker served as president of Tyco Flow Control.
www.unitedrentals.com www.npcrents.com
Flowserve to supply pumps for Shell project in Malaysia Flowserve Corp is to provide custom-designed water injection and liquid transfer pumps for Sabah Shell Petroleum Co’s Malikai oilfield project, which is located 110 km off the coast of Sabah, Malaysia. The US company will also supply pumps for seawater lift, firewater, drain caisson, flare knockout drum, circulation and sump services. Built in accordance with ISO 13709/API 610, Flowserve will provide four highly engineered, variable speed drive barrel pumps of super duplex stainless steel
www.worldpumps.com
construction. Two WIK (BB5) multistage double case diffuser pumps will supply high-pressure deoxygenated water for well injection and a pair of HSO (BB5) multistage, double case volute pumps will transport the crude from the field to the processing facility. Flowserve will also deliver six WUC (VS6) vertical, double case, multistage pumps, six Pleuger submersible pumps in super duplex materials and six HPX (OH2) single stage API process pumps for various process services. www.flowserve.com
He succeeds Steven Loranger who has led Xylem since Gretchen McClain left the company last year. A former chairman, president and CEO of ITT Corp, Loranger will remain a member of the Xylem board. “The board of directors selected Patrick because of his leadership
qualities, proven track record leading large global businesses, and extensive knowledge of the water industry,” said Xylem chairman Markos Tambakeras. “Patrick understands the economic and social implications surrounding water, and sees potential in Xylem’s unique portfolio of technology and services to solve the world’s toughest water challenges.” “I am energised to be back in the water industry with Xylem’s strong team, unmatched portfolio and global footprint,” said Decker. www.xyleminc.com
Weir Minerals expands service centre network Weir Minerals Europe is adding three new service centres to its network. The company will establish a new facility in Kazakhstan during 2014, while service centres in Morocco and Italy were launched earlier this year.
Each new facility offers service engineers to help extend the lifecycle of products, alongside a full suite of Weir Minerals products, including pumps, valves, screens, cyclones, rubber, and comminution equipment. www.weirminerals.com
Lewa secures its largest ever order Lewa GmbH is to supply 40 process diaphragm pumps for the development of two huge offshore gas fields in the Persian Gulf. The order, valued at about €30 million, is the largest that Lewa has received to date.
The Lewa pump systems will be installed on 13 wellhead and two tie-in platforms (drilling and conveyor) and used at operating pressures of 140 to more than 500 bar to inject monoethylene glycol (MEG) and sulfur solvent. www.lewa.com