Edit ModuleShow Tags

Enerflex Assimilates Axip’s Overseas Ops

Former Valerus fleet totals 448 compressors


Published:

Enerflex Ltd. of Calgary has completed its US$430 million purchase of Axip Energy Services’ international contract compression and processing operations, as well as its after-market services business.

The acquisition, which had been announced June 1, did not include Axip’s U.S. assets. Axip is the former Valerus Compression Services. It became a stand-alone company on Jan. 3, following the sale of Valerus Field Solutions to Kentz Corp. Ltd.

Headquartered in Houston, Axip’s international business operations were in Mexico, South America, Southeast Asia and the Middle East.

The acquired assets included a 448 unit compression fleet totaling 285,000 hp (212 MW) with utilization above 90% and an average age of 5.5 years. Other assets include gas treatment facilities in Mexico, Argentina and Peru.

All 173 Axip international employees have joined Enerflex.

Edit ModuleShow Tags

Archive »Archive »

Roberto Chellini

It is with great sadness that we report the passing of Roberto Chellini recently in Florence, Italy. He was 82 years old.

Nat Gas Output Expected To Grow 62%

Worldwide natural gas production is expected to increase 62% by 2040, according to the U.S. Energy Information Administration’s (EIA’s) International Energy Outlook 2016 and Annual Energy Outlook 2016.

Capstone Puts Its Signature On New Order

Capstone Turbine Corp. received an order for two Signature Series microturbines (the C1000S and C600S) for an oil and gas platform off the California coast.

A New Way For Bently

New Way Air Bearings has acquired the assets of Bently Pressurized Bearing Co., Minden, Nevada.

Siemens Invests in Additive Manufacturing

Siemens has acquired 85% of Materials Solutions Ltd., a specialist in additive manufacturing (AM) processing and production, located in Manchester, U.K. The remaining 15% will be held by the founder of the company, Carl Brancher.