Arrow Engine updates the A54 - Galileo Technologies
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
BAKER HUGHES EURO GAS GAS ENGINES BIG STEPS IN LNG HYDROGEN BACKBONE INITIATIVE SPECIFICATIONS AT-A-GLANCE A KHL Group publication JUNE 2021 | VOLUME 26 | ISSUE 5 www.compressortech2.com Arrow Engine updates the A54 FERC Galileo enters U.S. assesses compression fleet GHG emissions industry BP’s big investment in Permian infrastructure
COMPANY NEWS GALILEO COMPRESSION New player enters U.S. compression fleet industry “We felt like with natural gas prices on the rise in the near horizon, this would be a good time to offer a compression service rental Manufacturer of Cryobox & CNG stations now provides fleet.” compression services. By Keefe Borden Location is key advantage The plant’s proximity to the Marcellus gives A steady increase in natural gas prices hydrogen filling stations. it a competitive advantage that other leasing and the expectation among some What Galileo has not done, until now, is companies do not have, Foster says. It’s analysts that the prices will hold to compete in the U.S. compression fleet not cost effective to ship compression has made the U.S. natural gas market more business, a highly competitive niche market. equipment from Midland, Texas to the attractive on an international scale. More Compression is a near universal need Marcellus because freight is more than the investors are looking at the market, and among upstream and midstream operators. rental rate would cost over an extended some of them are expanding here. Some prefer to own and maintain their period. Galileo Technologies, a global own equipment, but a significant portion of In addition, it recently opened a satellite compression manufacturer and service the energy market prefers an asset-light plant in Midland, Texas for service, repair, provider with more than 30 years of approach, one which allows them to rent parts and overhaul. The company also has an experience, is one of those companies. It equipment owned by someone else. office in Arcadia, California to manufacturer recently launched Galileo Compression USA, “What we do see is an opportunity is the the CNG product line. That office also doubles which is led by Ronald J. Foster. compression fleet business, especially in a as a parts distribution center. Galileo Technologies is a global company couple of the basins that we think we would Another competitive advantage for Galileo with headquarters in Buenos Aires, Argentina be very attractive in with our location in the Compression is that the company makes but with a presence in more than 70 Northeast that gives us a great competitive its own compression package unit using countries. It has been operating in the U.S. advantage into the Marcellus,” Foster said. proprietary technology, including a frame for more than 10 years in various segments of the energy industry outside of the Galileo’s MP1600 compression leasing industry. Compression The company has a plant in Middlesex, Package. New Jersey that manufactures Cryobox, a 600-horsepower, four-stage compressor used to take natural gas from the wellsite and converting it to liquefied natural gas (LNG) for transport to power producers, primarily utilities. Galileo also has a robust business in California making compressed natural gas (CNG) filling stations. Galileo makes a dispensing system for vehicles running on CNG complete with a point-of-sale terminal. In Europe, the company recently launched 46 | COMPRESSORTECH2 | JUNE 2021
COMPANY NEWS GALILEO COMPRESSION everything at its plant, with the exception of the engine. “We’re trying to cut out all of that and make sure we maintain the entire integrity of the package,” he said. ESG focus The concerns of producers and midstream operators are evolving and, over time, ESG has become more important. Galileo’s focus has shifted along with its clients Galileo’s MX1000 Compression Package. “The U.S. oil & gas compression market is radically changing as its participants are that matches the engine sizes produced by approach,” he said. increasingly shifting to asset-light, high- major manufacturers. The result is greater Galileo Compression’s clients are E&P technology solutions with an ESG focus,” efficiency and lower fuel burn. The modular producers and midstream operators who said Osvaldo del Campo, CEO of Galileo construction of the units makes it flexible, need compression services and want to keep Technologies. minimizing maintenance costs and reducing an asset-light balance sheet. It has units Part of the timing for entering the U.S. downtime, he said. from 100 horsepower to 2000 horsepower market right now is finding the right person that can be used for a single well gas lift to to lead into a competitive niche marketplace. Manufacturer of technology a multiple pad gaslift and high-horsepower Foster will oversee the company’s Galileo uses state of the art technology and gathering stations among others. compression sales and fleet operations in proprietary modular compression to offer a Galileo Compression is a compression North America. He has more than 40 years of full line of service applications with modern services fleet, he said. Its clients are not energy services experience with companies SCADA monitoring. leasing a compressor, but a compression such as Halliburton and Dresser Industries. “We are a manufacturer of technology service that includes the unit, its He also has about two decades of senior first and foremost, so before launching manufacture, fluids, installation, service management and executive experience in into the U.S. with a dedicated compression and maintenance. “You’re going to rent the oil and gas compression industry. Most business, we wanted to have our our service, not a piece of equipment,” he recently, he was senior vice president and manufacturing and service footprint securely said. “That’s what we’re focused on in the chief marketing officer at CSI Compressco in place to support the growth,” he said. compression business. We want to tell you G.P. Prior to the acquisition of Compressor “We’re not new to the U.S., we’re just new to ‘don’t worry about the box, worry about how Systems Inc., Foster served as president the compression fleet service business.” fast that meter is spinning.’ We’re going and board director for Compressco If a client’s needs change, Galileo to arrange to have the equipment on site, Partners LP. CT2 Compression does not have to spend a huge installed, started and maintained.” sum to reconfigure a given unit. “We can do Galileo Compression’s ability to it very, very cost effectively with our modular manufacture its own units give it a competitive advantage, he said. Galileo does not buy a frame from brand X, an engine from brand Y, a cooler from Z, a panel from someone else and then assemble all the parts together in a fabrication yard. It makes Galileo’s 600 horsepower, four- stage Cryobox compressor under construction in Middlesex, New Jersey. JUNE 2021 | COMPRESSORTECH2 | 47
You can also read