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FROM STEVE NOON DIVISIONAL MANAGING DIRECTOR OIL & GAS DIVISION
Seizing the opportunity in oil and gas
What an incredible time to be in the oil and gas industry. There is tremendous opportunity for growth with the emergence of oil shale production in the United States and the globalisation of shale. The Oil & Gas Division’s upstream products and many services are positioned to seize this amazing opportunity.
Pablo Picasso once said, “Action is the foundational key to all success.” We’ve been in action for some time now with regard to where and how we operate, designing products that meet the needs of our customers enabling us to gain market share in these growth areas.
Our focus in North America has been to broaden our
footprint in the shale areas and in our services offered at those locations. The “need it now” environment in which we work with our customers makes it imperative to be there and offer services that keep production running 24/7.
Globally, we have committed to enter regions with
emerging shale opportunities. It is clear that the next shale development areas will be in places like China, Argentina, Poland and Australasia. Weir Highland, our JV partnership with Shengli Highland, is up and
Our Heritage In Weir’s 140th anniversary year we continue to take a look at our heritage.
1958 — 53 YEARS AGO In Weir terms, SPM is a youngster. The company was formed in 1958 by C.E. Lowrance as a regional contract manufacturer in Texas. Like Weir, it enjoyed a diverse history – in 1964 it was a specialist in high strength lightweight aircraft landing gear.
And
like Weir, it developed focus – that focus being oil. Over the last 50 years, it developed its product range, followed its customers and expanded its footprint. Its fi rst international service centre – in Aberdeen, Scotland – opened in 1990. Part of Weir since 2007, SPM is now a market leader, committed to best in class.
1971 — 40 YEARS AGO Did you know that a former Weir company played a part in the servicing of Boeing 747s? C.F.Taylor (Unity Designs) Limited, was responsible for a large part of the construction of B.O.A.C.’s (BA’s forerunner) maintenance facilities at Heathrow for the fi rst ‘jumbos.’ At that time, 747’s were the world’s largest commercial aircraft and the Weir company designed and provided gantries, special engine lifting gear and other power plant overhaul equipment. Something to think about next time you are sitting on the runway at Heathrow.
Steve Noon Divisional Managing Director Oil & Gas Division
running, offering SPM products to market. China has a huge appetite for energy and the opportunities for the partnership are long term. The launch of SPM’s Destiny™ TWS 2500 frac pump into the market has seen results beyond expectations. Mousetrap, a new heavy duty fl uid end, will be launched at the start of next year. In total, SPM will launch seven products this year from items as large as Destiny to smaller valves. Our commitment to innovation will continue. It’s an exciting time to be in this market and the Oil & Gas Division is constantly in action evolving to be the best in everything we do. We are driven by excellence, propelled by commitment and powered by innovation.
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