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Last updateFri, 05 Feb 2016 4pm

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Is Your Company Ready for The New Reality?

Is Your Company Ready for The New Reality?

Since August, 2015, when VMA’s 201...

Offshore Oil Extraction and Transportation

Offshore Oil Extraction and Transportation

Offshore oil facilities come to the fore...

Back to Basics: Pressure Relief Devices, Part 2

Back to Basics: Pressure Relief Devices, Part 2

In Part 1 of Pressure Relief Devices, wh...

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Industry Headlines

Watson Valve Announces Watson Valve Services, Australia

3 DAYS AGO

Watson Valve Services Inc. announces Watson Valve Services, Australia. Watson Valve will now have the ability to support the supply of its severe service valve products to non-U.S. domestic sites from its Australian based service agent, Process Plants International (PPi) under the name, Watson Valve...

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Velan Makes Changes to Management Team

3 DAYS AGO

Velan recently announced that Executive Vice-President (EVP) Ivan Velan has decided to reduce his work scope, but will remain with the company as Special Advisor to the President, Yves Leduc. Ivan will lead key projects and continue to support the management team.

Martin Allen joined Velan’s ...

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U.S. Oil Inventories Now at Record High

3 DAYS AGO

Several factors have played a part in pushing U.S. crude oil prices below $30 per barrel, including high inventory levels of crude oil, uncertainty about global economic growth, volatility in equity and non-energy commodity markets, and the potential for additional crude oil supply to enter the mark...

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FERC Approves $3.2B Sabal Trail Pipeline Project

3 DAYS AGO

Sabal Trail Transmission, LLC, a joint venture of Spectra Energy Partners, LP, NextEra Energy, Inc. and Duke Energy, received a certificate of public convenience and necessity from the Federal Energy Regulatory Commission (FERC) to construct and operate the Sabal Trail interstate natural gas pipelin...

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U.S. Adds 151,000 Jobs, Unemployment Rate Down to 4.9%

2 DAYS AGO

Total nonfarm payroll employment rose by 151,000 in January, and the unemployment rate dropped 0.1% to 4.9%, the lowest since Feb. 2008. Job gains occurred in several industries, led by retail trade, food services and drinking places, health care and manufacturing. Employment declined in private edu...

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U.S. Factory Orders Down 2.9% in December

3 DAYS AGO

New orders for manufactured goods in December, down four of the last five months, decreased $13.5 billion or 2.9% to $456.5 billion, the U.S. Census Bureau reported today. This followed a 0.7% November decrease. Overall, December orders were 6.6% below where they were one year ago.

Machinery orders...

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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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