Companies in the News
Weldbend Begins Installation of ‘Biggest’ Tee-Press
Michael Hammer, Mike Rowe, Kevin Coulas and Jimmy Coulas during a tour of the Weldbend manufacturing facility near Chicago. (Photo: Wellbend)
Weldbend Corporation, manufacturer of carbon steel fittings and flanges, began installation has begun at its manufacturing facility near Chicago, on the largest cold-form tee-press in the Americas and Western Europe.
The equipment will significantly expand Weldbend’s capabilities, forging up to a 20-inch XS tee with material grades including Y70. Currently, the company can cold forge a 6-inch tee. Weldbend’s products are used in mechanical systems and oil and gas pipelines.
“We believe this is the largest investment by an American fittings manufacturer in this type of production equipment in recent years,” said Weldbend President James Coulas.
The equipment weighs 1.2 million pounds and contains five miles of wire. Its concrete foundation includes 80,000 pounds of rebar.
MAN Energy Solutions and OHI opened an oil and gas service workshop in in Rusayl, Oman. The one-stop shop was built as a joint venture between MAN and its local agent OHI Petroleum and Energy Services (OPES). The company’s activities include exploration for oil and gas, production of power and consumable water.
Sentinel Energy Services, an energy-focused special purpose acquisition company (SPAC) led by former Schlumberger CEO Andrew Gould, is merging with full-cycle infrastructure services Strike LLC. The combined entity, named Strike Inc., is valued at about $850 million and is expected to begin trading on the NYSE in the first quarter of 2019.
Coastal GasLink Pipeline selected Rigstar as its telecommunication provider. The contract to support 10 camps and associated
Comments