Cameron is selling its centrifugal compression division to Ingersoll Rand (IR) for US$850 million as part of a long-term business strategy to focus on its core markets.
U.S. natural gas exports to Mexico were a record 2.5 Bcfd (70.8 x106 m3/d) on July 24 and averaged 2.3 Bcfd (65.1 x106 m3/d) from June through August, more than double the pipeline flow in 2010.
USA Compression Partners LP, Austin, said its fleet horsepower has increased 38.9% to 1.3 million hp (1000 MW), compared to the same period last year, aided in part by its acquisition of 138,000 hp (103 MW) from S&R Compression in August 2013.
Compressco Partners of Oklahoma City reported that its average compressor fleet utilization rate was 85.3% during the second quarter, compared to 82.6% in the same period of 2013.
Natural Gas Services Group of Midland, Texas, said its second quarter revenues rose to US$22 million, up from US$20.3 million in the corresponding period of 2013, due to a 16% gain in rental revenue.
Natural gas production from the Marcellus Shale in in West Virginia and Pennsylvania has soared to 15 Bcfd (425 x 106 m3/d) from 2 Bfcd (56 x 106 m3/d) only 4 years ago, according to the U.S. Energy Information Administration (EIA).
Exterran Holdings Inc. said its earnings before interest, taxes, depreciation and amortization were US$161.1 million for the second quarter 2014, compared to US$144.8 million for the first quarter and US$176.1 million for the second quarter 2013.
Sulzer has completed an agreement to acquire both Grayson Armature businesses, Grayson Armature Large Motor Division Inc. and Grayson Armature Orange Texas Inc.
ElectraTherm has partnered with ConocoPhillips to capture waste heat from a compression station at Cessford, Alberta, and generate 90kWe of electricity.
The U.S. Department of Energy plans to establish energy efficiency standards for new natural gas compressors as part of a program to reduce methane leaks from natural gas pipelines.