A Morgan Stanley subsidiary has applied to the U.S. Department of Energy for a permit to export up to 60 Bfcy (1.7 x 109 m3/y) of compressed natural gas (CNG) gas from a proposed terminal near Freeport, Texas.
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.