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Showing posts with label EPD. Show all posts
Showing posts with label EPD. Show all posts

Thursday, June 16, 2011

Parker EPD Unveils Subsea Metrology Systems in GOM

- Parker EPD Unveils Subsea Metrology Systems in GOM

Thursday, June 16, 2011
Parker Hannifin Corp.

Parker Energy Products Division (EPD), a division of Parker Hannifin Corporation, is introducing their subsea metrology and dimensional control services to the Gulf of Mexico oil and gas market.

EPD has demonstrated their success with photogrammetry, surveying and position monitoring services in Northern Europe and Asia Pacific. Recently the division has added technical staff in Houston, Texas to support the metrology service expansion to the Gulf of Mexico.

The first subsea metrology system Parker will utilize in this market is SICAMS®; a single camera metrology system used to obtain accurate subsea measurements (centerline distances, diameters, pitch and roll) of existing structures. With SICAMS®, data can be gathered simply, efficiently, and precisely. Unlike other metrology systems, SICAMS® is revolutionary because it does not require acoustics or a full survey crew. Achieving an accuracy of 1 part in 5,000 is routine with Parker's system, though higher accuracies have been measured. Its state-of-the-art processing capability promises quick calculation and deliverables on-site.

Kristoffer Amdal, Parker EPD's Maritime Business Unit Manager, said, "We are confident that the Gulf of Mexico market will benefit from our metrology services. Accurate dimensional information delivered this fast will definitely prove to be a valuable asset to whatever project our clients need measured, whether it be planning a tooling interface, designing a salvage lift, analyzing physical damage, or even designing retro-fit supports."

The metrology system operates by using multiple photos from many angles to produce an accurate 3D model of the object being measured. In addition, there is a reporting tool built into the processing software which allows for a clearer image to be produced and utilized, therefore providing a more reliable 3D model.

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Tuesday, May 10, 2011

Enterprise Products Partners Reports Strong Q1, Revenue Up 19% YoY

Enterprise Products Partners Reports Strong Q1, Revenue Up 19% YoY



May 10, 2011

Enterprise Products Partners L.P. (NYSE:EPD) reported Q1 EPS of $0.49 today, beating the consensus estimate for $0.44 per share. Revenues for the quarter were up 19% year-over-year to $10.18 billion, easily topping the consensus estimate for $8.86 billion.

Michael A. Creel, president and CEO of Enterprise stated, "Enterprise had a record first quarter to begin 2011. Our 50,000-mile system of natural gas, NGL, refined products, crude oil and petrochemical pipelines continues to operate at record or near record volumes. We are continuing to benefit from production growth in the shale regions as well as increased demand for NGLs by the U.S. petrochemical industry and international markets. With few exceptions, the partnership's diversified mix of businesses had another strong quarter."

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