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Don’t miss the ‘International Ultrasonic Testing Online Conference 2021’ (UT-Online 2021). The Conference on ‘Novel methods and applications in ultrasonic testing’ will take place from November 1-30, 2021 and is organised by NDT.net in cooperation with the Ultrasound Institute at Kaunas University of Technology. This online Conference is a special one, it is free of charge and happens on demand. Participants will have the chance to access presentations 24/7 based on their schedule and interests. What can you expect? Participants can expect a broad range of presentations from around the world, mostly recorded and available via screencast or paper contributions in pdf. Discussions will take place over several days in NDT.net’s forum on a dedicated board for the Conference. Participants can join the discussion from anywhere and at any time during the event. Even though the event will run for an entire month, the Conference will provide weekly spotlights on specific themes. Those themes will cover:
In addition to the technical program participants are invited to check out products and videos from Conference sponsors like Olympus Scientific Solutions and Eddyfi Technologies and other companies at NDT.net’s exhibition. Every day one or two presentations will be opened for discussion in the Conference board in NDT.net’s forum. The good thing about on-demand Conferences is that those discussions have the potential to last several days and go into depth. How to register? No registration needed! we keep NDT.net’s spirit of open access also for this event. We invite you to create a MyNDT Profile, this gives you the chance to subscribe to the Conference Forum Board to stay up-to-date, be visible in the Conference discussions and link your comments and questions to your profile. Save the date and join this important event! More information at www.ndt.net/UTonline2021 |
Notice to NRCan NDTCB clients/candidates regarding awareness of and compliance with the COVID-19 and health and safety protocols at training organizations and examination centres:
Prior to booking training courses or examinations clients and examination/certification candidates should verify that they have the most up-to-date information about any local or specific health and safety protocols/requirements in place at the applicable training organization and/or examination centre.
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 Sandvik has signed an agreement to acquire US based DWFritz Automation Inc., a leading global provider of precision metrology, inspection- and assembly solutions for advanced manufacturing. DWFritz Automation designs, builds and supports engineer-to-order high-speed, non-contact metrology solutions and automation systems. The company will be reported in the Metrology division, within business area Sandvik Manufacturing and Machining Solutions."This is in line with our strategic focus to grow organically and through acquisitions in the advanced manufacturing space, with special focus on industrial software, industrial metrology- and additive manufacturing solutions," says Stefan Widing, President and CEO of Sandvik. With DWFritz Automation, Sandvik would expand its current metrology offering and take a leading position in in-line metrology, including a broader position in high-speed, high-volume, non-contact inspection and assembly automation. "By acquiring DWFritz Automation we will be able to expand our metrology and automation offering further. This will not only strengthen our position, but will also enable us to offer full metrology solutions to our customers - which will reduce cost and improve quality significantly in their broader value chain. I look forward to welcoming the DWFritz team to Sandvik," says Kim Hansen, President of the Metrology division in Sandvik Manufacturing Solutions. DWFritz Automation is headquartered in Wilsonville, Oregon, USA - with offices in France and China. The company is a trusted partner of many Fortune 500 customers, with over 2,000 systems installed worldwide. In 2020, the company had about 560 employees, revenues of approximately SEK 720 million (USD 78 million) and an EBIT margin slightly dilutive to Sandvik Manufacturing and Machining Solutions. Impact on Sandvik's earnings per share will initially be neutral. The parties have agreed not to disclose the purchase price. The transaction is expected to close during the second half of 2021, subject to customary regulatory approvals. Article via NDT.org
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Following conclusion of agreement, the company will formally join Eddyfi/NDT and add its NDT solutions to the Group’s product portfolio
Eddyfi/NDT announces today that it has entered into a definitive agreement to acquire Zetec, a subsidiary of Roper Technologies, Inc. (NYSE: ROP). The transaction is expected to close at the end of the year and is subject to customary closing conditions and approvals.
Founded 50 years ago, Zetec is a major player in the non-destructive industry, with global engineering and manufacturing centers in Quebec City, Canada, and corporate headquarters in Snoqualmie, Washington, USA. Furthermore, Zetec is present around the globe, with Centers of Excellence in Houston, Paris, Seoul and Shanghai. With a footprint in major industries such as Power Generation, Aerospace, Defense, Rail and Manufacturing, its advanced NDT solutions contribute to protecting highly critical assets worldwide.
More specifically, following the closing of the transaction, Zetec will formally join Eddyfi Technologies, a business unit of Eddyfi/NDT. “For over 10 years, we have achieved great success in the NDT market by focusing on specialized NDT technologies. Through innovation and a customer-focused approach, we are a driving force in our industry. We believe that the acquisition of Zetec will complement our market coverage and expertise and allow new opportunities to emerge. I look forward to the game-changing ideas our joined forces will bring to the industry” says Pierre-Hugues Allard, President of Eddyfi Technologies.
Credit Suisse acted as financial advisor to Eddyfi/NDT. McCarthy Tétrault and Foley & Lardner LLP served as its legal advisors.
Article via Eddyfi
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Summary
Demand uncertainty, energy transition hit oil, gas investments
Global oil demand to reach pre-pandemic levels early 2022 -execs Long time before alternative energies can meet oil demand -exec A lack of investment in new oil and gas supplies, amid a shift in focus to cleaner fuels, is likely to drive price volatility in the next decade as demand for traditional energy sources grows, senior industry executives said.
Global energy investment saw its biggest fall on record in 2020 when the COVID-19 pandemic hammered demand, while a push for energy transition to meet greener targets pulled more funds into renewable resources.
The International Energy Agency (IEA) too has called on investors to stop funding new fossil fuel projects to reach net zero emissions by mid-century, even as industry participants remain split on forecasts for peak oil demand.
Underinvestment in the global oil and gas sector could lead to tighter supplies at a time when demand is set to recover, senior executives at Vitol (VITOLV.UL), Trafigura (TRAFGF.UL), Hess Corp (HES.N) and Equinor (EQNR.OL) cautioned.
“It seems likely that rather than falling, global oil demand is set to continue to rise as new markets and consumers emerge,” Ben Luckock, co-head of oil trading at Trafigura said at the annual APPEC 2021 conference.
“That raises the prospect of potential cycles of higher prices for traditional forms of energy.
“Whilst that might be beneficial to oil producers in the short term, it also means significant costs to the global economy which is in nobody’s long-term interest,” Luckock added.
PRICE SPIKES A sharp rebound in global demand for energy, power and metals has already led to a supply crunch and a surge in prices.
Gas prices in Europe and Asia are at or near record highs, while those in the United States are at seven-year peaks. Coal prices are at record levels and Brent breached $80 per barrel, highest since 2018.
The Organization of the Petroleum Exporting Countries (OPEC) and its allies still have a cap on oil production, while a lack of investment has limited output from the group’s top two African producers. read more
But the spare capacity may be challenged next year “if we do not see an accelerated pace of investment in the U.S. sector and … rapid rapprochement between the U.S. and Iran”, Vitol’s Asia CEO Mike Mueller said.
He was referring to global talks to revive a nuclear deal with Tehran that could lead to more Iranian supplies.
Several executives said investment in fossil fuel sources was needed to avoid shortages and price swings.
“We’re in a period where we have been investing too little coming back from COVID,” said Eirik Waerness, Equinor’s senior vice president and chief economist.
“That is probably exacerbated by a lot of uncertainty regarding what the energy transition will be, so there will be a wait-and-see attitude here in terms of also going into new types of investment in the energy transition.”
But it will take a long time before new energy sources can compensate for global demand, he added.
DEMAND OUTLOOK Executives at the conference said they expect global oil demand to reach pre-pandemic levels by early next year, in line with a bullish forecast from OPEC.
BP (BP.L) and TotalEnergies expect oil demand to peak in the next decade.
“Depending on where the climate-energy transition goes, there is probably peak demand laying out there somewhere,” said Greg Hill, Hess Corp’s president and chief operating officer.
“I think it’s much further out than what a lot of the pundits are thinking right now,” he added.
He noted that even in the IEA’s sustainable development scenario, oil and gas account for 46% of the global energy mix in 2040.
“The world needs cheap affordable energy. We want to be in that space,” Hill said.
Article via EnergyNow
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CAMBRIDGE, Ontario, August 19, 2021--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) today announced a contract from Bruce Power valued at approximately CA$40 million to supply four moderator heat exchangers.
The contract, which will be executed by subsidiary BWXT Canada Ltd. at its Cambridge, Ontario facility, involves engineering and fabrication of these specialized components. Moderator heat exchangers are large components that remove heat from the moderator system of CANDU® nuclear reactors.
Engineering work associated with the contract has commenced, with fabrication expected to start later this year. The first two moderator heat exchangers will be delivered in 2024, with the remaining two units scheduled for delivery in 2025.
"These components are designed for reliable, long-term operation to help Bruce Power continue to provide Ontario with non-emitting, stable and cost-effective electricity for many years to come," said John MacQuarrie, president of BWXT’s Nuclear Power Group. "This contract, along with several others we have with Bruce Power, is sustaining a very significant number of highly skilled jobs for our Cambridge operations."
BWXT Canada Ltd. has over 60 years of expertise and experience in the design, manufacturing, commissioning and service of nuclear power generation equipment. This includes steam generators, nuclear fuel and fuel components, critical plant components, parts and related plant services.
Forward Looking Statements
BWXT cautions that this release contains forward-looking statements, including statements relating to the performance, timing, impact and value, to the extent contract value can be viewed as an indicator of future revenues, of the moderator heat exchangers contract. These forward-looking statements involve a number of risks and uncertainties, including, among other things, modification or termination of the contract and delays. If one or more of these or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, please see BWXT’s annual report on Form 10-K for the year ended December 31, 2020 and subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. BWXT cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Article via Businesswire.
Contacts
Media Contact
Natalie Cutler Director, Communications, BWXT Canada Ltd. 519-620-5288 nacutler@bwxt.com Investor Contact Mark Kratz Vice President, Investor Relations 980.365.4300 investors@bwxt.com |
NDT.net is pleased to announce the "International Ultrasonic Testing Online Conference 2021 (UT-Online 2021)", organised in cooperation with the Ultrasound Institute at Kaunas University of Technology. The on-demand online Conference on “Novel methods and applications in ultrasonic testing” will run from November 1-30, 2021. It will take place on NDT.net, the largest open access portal in NDT. Of course, this event, like all services of NDT.net, will be free of charge, for the authors and the audience. This Conference is an 24/7 online event, no hassles about time zone conflicts or technical glitches that may occur in live conferences. Authors will upload their contributions in advance and participants can visit sessions and contributions based on their needs, interests and schedule. Interaction can last several days and go into depths, as this will take place in a forum discussion board. All presentations and panel discussions will also be stored in NDT.net’s Open Access Archive (ISSN 1435-4934) and will be accessible for a lifetime. To keep the spirit of a live event, we will also organise a live Panel Discussion and participation opportunities. This part will offer a chat function for the audience. In parallel to the technical program companies will present products in showcases and videos in a virtual exhibition. Call For Papers We invite all authors to submit their valuable contributions from both academia and the industry. All submissions will be reviewed by our international review committee.
Important Dates
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Jesse Garant Metrology Center (JGMC) is now approved to provide Computed Tomography (CT) services for Pratt & Whitney Canada (P&WC). This is the first company that P&WC has provided approval to globally.
“We’re extremely happy to provide services to Pratt & Whitney Canada. With our highly capable technical staff and robust processes, we can now assist P&WC in their high level of reliability that they are known for around the world,” says Jesse Garant, owner of JGMC. JGMC has achieved CTM Code C Certification enabling them to provide CT services for safety-critical components for P&WC. About Jesse Garant Metrology Center Ten years ago as a manufacturing consultant in industry, Jesse Garant recognized the advantages of using computed tomography as a viable NDT method to inspect parts and assemblies. In 2009, Jesse Garant Metrology Center was launched with the initiative to provide easy access to a rather expensive and complicated technology. Today, their inspection services along with an experienced staff of quality engineers, is recognized as one of the most diversified and experienced 3rd party CT scanning labs in North America. The company’s robust processes which adheres to industry standards, provides accountability that engineers and part manufacturers have come to trust. Visit jgarantmc.com for more information.
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