July 2020, Vol. 247, No. 7
Companies in the News
Companies in the News
Ithaca Acquisitions Holdings has acquired the former pipe fabrication assets of The Shaw Group from McDermott International. Ithaca said it would rename itself Shaw Acquisitions Holdings and operate the business as Shaw. Founded in Baton Rouge in 1987, Shaw’s operations include seven manufacturing facilities in the United States, the United Arab Emirates (UAE) and Bahrain. It is led by CEO Mike Childers and Chief Operating Officer Sachin Singh.
Koch Engineered Solutions said it has acquired a majority stake in DarkVision Technologies and made a significant investment to fund R&D and growth of the Vancouver-based industrial imaging company. DarkVision has been focused on upstream solutions, but Koch sees an opportunity to expand its nondestructive testing expertise to midstream and other end markets.
Williams announced that it has reached a tieback agreement with LLOG Exploration Offshore to provide offshore oil and gas gathering and production services for the Taggart development at Williams’ Devils Tower Spar.
In addition to gathering and production handling at its Devils Tower Spar, 140 miles southeast of New Orleans in the Mississippi Canyon area of the Gulf of Mexico, Williams will provide onshore gas treatment and processing services to support the Taggart development.
Williams said it will leverage its existing infrastructure to gather Taggart crude and natural gas production through Williams’ Mountaineer and Canyon Chief pipeline systems. Natural gas will be delivered to Williams’ Mobile Bay Processing Plant, and the natural gas liquids will be fractionated and marketed at the Baton Rouge Fractionator (Williams 33% owner) in Louisiana.
Taggart is expected to come online in early 2022, and the reserves are expected to produce approximately 27 million barrels over eight years.
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