Exterran Holdings Inc. is separating its international contract operations, international aftermarket services and global fabrication businesses into a standalone, publicly traded company (SpinCo), resulting in two independent companies.
GE Oil & Gas will supply a gas turbine-driven compressor train and mechanical drive technology to Malaysia’s national oil and gas company, Petronas, for a second floating liquefied natural gas (FLNG) facility being developed off the coast of East Malaysia.
Rexnord Power Transmission (RXN) has entered into a definitive agreement to acquire Euroflex Transmissions (India) Pvt. Ltd.
T.F. Hudgins Inc. has completed the acquisition of Jamison Products, a Houston, Texas-based provider of engineered pipeline and filtration products.
Motor-Services Hugo Stamp Inc. (MSHS) has expanded its service facility in New Orleans, Louisiana.
Compressco Partners said its fleet utilization rate was 85% in the third-quarter, sustained by production from the shale plays.
GE Oil & Gas will spend US$60 million to expand and modernize a Lufkin, Texas, foundry that makes iron castings used in pump and power transmission equipment.
Kevin O’Sullivan has moved from president and CEO to chairman of Miratech Group, and Dean Glover has been named CEO.
Exterran Holdings Inc. has reported that its fabrication backlog grew to US$840 million on Sept. 30, compared to US$818 million on June 30 and US$619 million on Sept. 30, 2013.
After receiving the required approvals, Triton has legally finalized its acquisition of GEA Heat Exchangers as part of a so-called closing procedure.