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Last updateThu, 19 Oct 2017 5pm

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Market Outlook 2018: A Sunnier Mood with a Few Caveats

Market Outlook 2018: A Sunnier Mood with a Few Caveats

The atmosphere at VMA’s 2018 Marke...

Is it Time to Toss Those Commissions?

Is it Time to Toss Those Commissions?

It’s tough to pinpoint exactly wha...

Cybersecurity for Process Control

Cybersecurity for Process Control

Security for any process plant has alway...

Young Valve Professionals: Megan Johnston

Young Valve Professionals: Megan Johnston

In 2014, VMA's leadership created the Val...

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Industry Headlines

Crude Oil, Petroleum Product Exports Reach Record Levels

Thursday, 19 October 2017  |  Chris Guy

According to the U.S. Energy Information Administration ( EIA ), crude oil exports in the first half of 2017 increased by more than 300,000 barrels per ...

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Industry Headlines

Emerson Agrees to Acquire Paradigm

3 DAYS AGO

Emerson has agreed to acquire Paradigm for a purchase price of $510 million, reflecting a multiple of 13 times expected 2017 EBITDA. Paradigm will be joined with Emerson’s existing Roxar automation software. The acquisition is expected to close within the next 60 days, subject to various regulat...

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ValvTechnologies Receives ISO 15848 Certification

4 DAYS AGO

ValvTechnologies’ EcoPack technology has received ISO 15848-1:2015 certification from Odin Heavy Industries. To earn ISO 15848 certification, ValvTechnologies underwent a stringent evaluation process that included a series of 17 helium leak tests and eight thermal cycles on a fully assembled v...

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Crude Oil, Petroleum Product Exports Reach Record Levels

2 DAYS AGO

According to the U.S. Energy Information Administration ( EIA ), crude oil exports in the first half of 2017 increased by more than 300,000 barrels per day (b/d) from the first half of 2016, reaching a record high of 0.9 million b/d. Petroleum product exports also grew over the same period with propan...

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Energy Intensity in U.S. Manufacturing Decreased

2 DAYS AGO

Energy intensity in manufacturing in the U.S. decreased from 2010 to 2014. U.S. manufacturing overall fuel intensity decreased by 4.4% from 3.016 thousand British thermal units (Btu) per dollar of output in 2010 to 2.882 thousand Btu in 2014. According to the Manufacturing Energy Consumption Survey (M...

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Fed Reports Economy Growth in September, Early October

2 DAYS AGO

Reports from all 12 Federal Reserve Districts indicated that economic activity increased in September through early October, with the pace of growth split between modest and moderate. The Richmond, Atlanta, and Dallas Districts reported major disruptions from Hurricanes Harvey and Irma in some areas a...

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Industrial Production Up 0.3% in September

3 DAYS AGO

Industrial production rose 0.3% in September. The rates of change for July and August were notably revised; the current estimate for July, a decrease of 0.1%, was 0.5% lower than previously reported, while the estimate for August, a decrease of 0.7%, was 0.2% higher than before. Manufacturing output...

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Whistle-Blower: Undersized Valves Could Cause Another Gulf Catastrophe

David Perry, a lawyer for whistle-blower Kenneth Abbott, a former BP contractor, has asked a federal court in Houston to shut down BP’s Atlantis platform until it’s proven to comply with U.S. environmental and safety laws. Abbott was an engineering documentation supervisor on Atlantis.

In his statement to U.S. District Judge Lynn Hughes, Perry said that a specific pressure-relief valve on a 16 inch pipeline which connects Atlantis to shore is “undersized by a factor of 20 to 1.” If that valve were to fail, “it could cause catastrophe.”

Abbott told the U.S. Congress in a June 2010 testimony that, contrary to regulations, almost 90% of Atlantis’ design and construction drawings had not been approved by licensed professional engineers. He said that BP lied about its engineering certifications to get the operating permits for the platform.

Perry alleges that BP’s own service and operations audit showed 150 of 500 pressure relief valves on Atlantis never received proper sizing calculations. He said that some of them were “under-sized by very large amounts” and that Atlantis has experienced lapses in well control when subsea valves opened and closed on their own.

Federal regulators with The Department of the Interior have dismissed Abbott’s allegations, saying that the deficiencies in BP’s documentation did not pose serious safety risks.

For the full story on the Federal lawsuit, visit Bloomberg

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