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.
EIA said that nearly midway through the summer storage injection season (the beginning of April through the end of October), it projects a record build of 2.6 Tcf (73 x 109 m3) will bring stocks to 3.4 Tcf (96 x 109 m3) by the beginning of winter.
CDM Resource Management LLC is expanding its Greeley, Colorado, facilities to meet growing demand for compression services in the Niobrara Shale play of Colorado and Wyoming.
The U.S. Energy Information Administration (EIA) has reported that although the number of natural gas-directed drilling rigs is particularly low at 250 rotaries, gas production has grown 5% year-over-year.
Southwest Research Institute (SwRI) has received a US$1.8 million contract from the U.S. Department of Energy to develop, build and test a linear motor reciprocating compressor (LMRC).
Compressco Partners L.P. is buying Compressor Systems Inc. (CSI) from Warren Equipment Co. for US$825 million. The deal is expected to close in early August.