June Company News, Mergers and Acquisitions

The founders of Texas ReExcavation, LC, a Houston‐based oilfield services company, have acquired GSPE Engineering, Inc. and formed T-Rex Engineering & Construction, LC.

The new company will focus on the construction of offshore oil and gas equipment including build‐to‐specification Pipeline End Terminals and Manifolds (PLETs / PLEMs), Umbilical Termination Assembly (UTA) frames, Pig Launchers, Process Piping, In‐line Sleds (ILS), Manifolds, Jumpers, Spreader Bars and other related equipment. Gary A. Sidwell, PE, SECB, founder of GSPE Engineering, Inc. (GSPE), has been named President of the new group.

Cortec Manifold Systems (CMS) purchased Technical Control Systems (TCS), an Array Holdings division, previously located in Oklahoma City, OK, in January 2009. CMS took on the TCS entire line of products, including compact ball valves, check valves, sub-sea ball valves and drilling diverted valves.

J-W Operating Company has consolidated the manufacturing divisions of J-W Power Company, J-W Measurement Company and J-W Wireline Company into an entity to be known as J-W Manufacturing Company. The manufacturing facilities, located in Bristow, OK; Casper, WY; Farmington, NM; and Sherman, Kilgore and Longview, TX, specialize in manufacturing natural gas compression packages, gas measurement packages, measurement buildings, wireline trucks, and other ancillary oilfield equipment.

Paul N. Stephenson has been appointed president of J-W Manufacturing Company.

Interpipe recently commissioned a pipe coating line with a capacity of 250,000 tons/yr, at the Interpipe NTRP mill in Dnepropetrovsk, Ukraine. Equipment for the pipe coating line was supplied by Venjakob, Germany. The new coating will protect pipes from corrosion and will be applied to different types of pipes with diameters ranging from 73 – 178 mm. The protective ultra-violet coating placed on the pipes has a quick drying capability of 0.5-2 seconds. The paint setting also has an air purification system that keeps the workshop atmosphere unpolluted, does not contain varnish and is entirely safe for workers.

Duncan Pell, commercial director of Interpipe said, “The new protective coating will help to preserve the quality of pipes during both their long-term storage and transportation. This protection during transportation is particularly crucial for the supply of goods to long-distance markets such NAFTA and the Middle East.”

National Oilwell Varco (NOV) has acquired ASEP Group Holding B.V. and Anson Limited. ASEP, based in the Netherlands, develops and manufactures well service equipment, including wireline units, cranes, coiled tubing equipment, pressure control products, and automation products and has operations in nine countries. UK-based Anson manufactures flowline equipment, manifolds, valves, swivel joints, hammer lug unions, and wellheads, which will complement NOV’s Mission pump and fluid expendables products.

CC Technologies, acquired by DNV in 2005, is changing its name to that of the parent company, DNV. The company’s services will be combined with DNV’s professional services designed to improve business performance. DNV provides world-class expertise in technology, operations, management and risk through a network of 300 offices in 100 countries with over 7,000 employees.