FlowTimes - March 2010
Your Update on Flow, Temperature, and Pressure Measurement from Flow Research
Editor: Dr. Jesse Yoder; Volume 11, Number 1 - ISSN 1350-7204
Welcome to FlowTimes! This issue updates you on some important new developments in the world of flow. It also brings you up-to-date on some of our new and upcoming market studies. As you will see, the push for energy and the search for oil and gas is having an impact on the world of flow, and it is impacting our projects as well.
From July - December 2009, I did quite a lot of traveling to the Middle East and Europe. This travel was mainly connected to research we are doing for our upcoming study on gas flow measurement. I found the Middle East to be a fascinating place, with massive natural supplies of both crude oil and natural gas. Besides Dubai and Abu Dhabi, I visited Saudi Arabia, Qatar, and Oman. You can read more about my trip, and find out our upcoming study schedule, in the Letter from the President.
2. Environmental Requirements Boost Thermal Flowmeter Sales. The new age of environmental awareness, together with the Kyoto Accord and and greenhouse gas initiatives, has resulted in a rewriting of the rules on greenhouse gas emissions. There is suddenly a demand to measure greenhouse gases in applications that formerly may have gone unnoticed. Many of these applications present opportunities for thermal flowmeters. These new environmental requirements are helping boost the sales of thermal flowmeters. You can find out more in our new study, The World Market for Thermal Flowmeters, which is hot off the press! Find out more at www.flowthermal.com.
Technologies Acquires Multi Phase Meters. Houston,
Texas (September 24, 2009) -
For comments on the meaning of this acquisition, see our Market Barometer,
Q3 & Q4 2009.
Exxon to Acquire XTO Energy.
Texas (December 14, 2009) -- Exxon Mobil Corporation (NYSE: XOM) and XTO
Energy Inc. announced today an all-stock transaction valued at $41
billion. The agreement, which is subject to XTO stockholder approval and
regulatory clearance, will enhance ExxonMobil’s position in the
development of unconventional natural gas and oil resources.
the terms of the agreement, approved by the boards of directors of both
companies, ExxonMobil has agreed to issue 0.7098 common shares for each
common share of XTO. This represents a 25 percent premium to XTO
stockholders. The transaction value includes $10 billion of existing XTO
debt and is based on the closing share prices of ExxonMobil and XTO on
December 11, 2009. For more, go to www.flowtimes.com/Flowtimes/March_2010/Exxon.htm.
For an in-depth analysis of the meaning of this acquisition and other
acquisitions in the natural gas industry, see the Energy Monitor for Q3
& Q4 2009.For information on the Energy Monitor, go to www.worldflow.com.
Research will soon publish a study on the worldwide vortex flowmeter
study is scheduled for delivery in February 2010, and is called The
World Market for Vortex Flowmeters, 4th Edition. We plan to
reveal how the market has changed since the American Petroleum Institute
(API) approved its standard for the use of vortex flowmeters for custody
transfer applications. This approval occurred in January 2007. For
more information, including an updated study overview, go to www.flowvortex.com.
This website also has links to nine articles on vortex flowmeters,
including one published in the June 2009 issue of Flow Control.
6. Here is our study schedule for this year (drum roll please). By becoming a Founding Sponsor for these studies, you can participate in the research and also receive a significant discount:
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