OIL & GAS TECHNOLOGIES



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OVERVIEW

Vector Technology Group Acquisition

14-Jan-2013

FREUDENBERG OIL & GAS EXPANDS ITS POSITION AND EXPERTISE IN THE UPSTREAM SEGMENT OF THE OIL AND GAS MARKET

(Weinheim, Germany; Stavanger, Norway; Houston, Texas.) January 14, 2013. 

Freudenberg Oil & Gas is pleased to announce that on January 11, 2013, 100% of the shares of Vector Technology Group, a major global supplier of high integrity sealing solutions for the oil and gas industry, were acquired by parent company Freudenberg Group, headquartered in Weinheim, Germany. The shares were acquired from the private equity firm HitecVision headquartered in Stavanger, Norway. The two groups reached an agreement in December, and the Norwegian anti-trust authority has since formally approved the ownership change.

“The acquisition of Vector is a further step towards strengthening Freudenberg's position in the oil and gas industry,” says Dr. Mohsen Sohi, Speaker of the Freudenberg Management Board.“Freudenberg intends to continue its growth in this field through a combined “buy-and-build” and an organic growth strategy. Vector possesses a high level of technical expertise, especially in the offshore segment. The company fits perfectly with Freudenberg, because of its culture, unique engineered product solutions, continuous innovation and numerous market firsts."

Vector provides proprietary, high integrity connector products with patented metal to metal seal technology for use in offshore oil and gas platforms, floating production storage and offloading vessels, subsea riser, swivel, flow-line and manifold applications and refineries and petrochemical plants. The products core features are its high integrity metal-to-metal sealing and design which minimize weight and space, which directly affect total project cost, installation time and maintenance cost. The products are currently manufactured to 15,000 PSI working pressure and have a proven track record in harsh environment applications where fatigue, high bending and stress loads are primary considerations.

“Vector gives us the opportunity to expand our expertise in developing applications-focused engineered products,” says Richard T. Schmidt, President and CEO of Freudenberg Oil & Gas. “That makes us an even more efficient strategic partner for our customers in the upstream segment of the oil and gas industry.”

Founded in 1978 in Norway as Steel Products Offshore and as Techlok Ltd in 1987 in the United Kingdom, the companies merged to form Vector in 2003. Vector has manufacturing centers in Malaysia, Norway, United Kingdom, and the United States. These manufacturing centers are complemented by technical sales offices in Australia and Brazil. These locations complement Freudenberg Oil & Gas' global presence in Canada, Norway, Singapore, United Arab Emirates, the UK and the US. Almost 50 R&D and design engineers in Europe and North America are developing innovative and customized solutions for major oil and gas end-users and leading Original Equipment Manufacturers (OEMs). In 2012, the company is forecasting sales of more than US$100 million (almost €80 million).

“For Vector, becoming an important part of Freudenberg Oil & Gas is a major step in our evolution. Our innovative products will compliment Freudenberg's core competencies of materials science, process control and manufacturing excellence,” says Catherine Bjaarstad, CEO of Vector Technology Group. Bjaarstad will continue to lead the business once it becomes part of Freudenberg Oil & Gas.

The acquisition of Vector brings Freudenberg Oil & Gas closer to its goal of being the global leader in sealing technology for the upstream oil and gas market. Freudenberg Oil & Gas was formed in 2011 and today consists of seven acquired companies, all with sealing expertise in the oil and gas industry. 


API-16A License for Blowout Preventer Annular Packing Units

20-Jan-2015

Houston, TX USA - January 20, 2015 – Freudenberg Oil & Gas Technologies is proud to announce that its Petroleum Elastomers–Houston manufacturing location has received the American Petroleum Institute (API) 16A license for the manufacture of Annular Packing Units. 

This license gives Freudenberg Oil & Gas Technologies the right to use the official API Monogram™ on Freudenberg Oil & Gas Technologies’ WellProtek™ Annular Units. 
The WellProtek™ product line is manufactured to API’s Q1 9th Edition quality specification and exceeds the test performance standards of API-16A.

WellProtek™ products utilize Freudenberg Oil & Gas Technologies’ internally developed, proprietary elastomers. Design verification tests performed in accordance to API-16A testing standards, and certified by a third party, included both low and high pressure complete shutoff (CSO) testing, low and high pressure pipe mandrel tests (fatigue testing) to maximum rated pressures, drift, temperature and stripping testing. All WellProtek™ Annular Packing Units are factory acceptance tested per API-16A requirements before shipment.

Richard Schmidt, President and CEO of Freudenberg Oil & Gas Technologies said, “Receiving the API-16A certification for our BOP products further highlights our commitment to the industry as a leading sealing technology provider. Through our materials development and product testing capabilities, we continue to develop market leading technologies which exceed industry performance standards and bring value to our customers.”

New Elastomer exceeds API-16A Testing Requirements

01-Oct-2013

Houston, Texas, October 1, 2013 – Freudenberg Oil & Gas Technologies announced today that it has developed new NBR elastomer compounds that have been incorporated into its spherical elements and ram block product offerings.

“Our new NBR compound was used in our 13 5/8 inch Spherical Element and was tested according to API 16A for BOP elastomer components,” said Richard T. Schmidt, President and CEO of the company. “Initial results – witnessed by a third party – have this 13 5/8 inch element exceeding the fatigue test and complete shut off test cycle requirements of the API 16A standard.”

Attendees at the Annual Technical Conference and Exhibition of the Society for Petroleum Engineers in New Orleans, Louisiana can stop by booth 2909 and see a tested spherical element for themselves.

Freudenberg Oil & Gas Technologies established its 14,000 square foot Materials Development & Product Testing Lab in Houston, Texas in early 2012. This lab enables development – and verification – of a nearly unlimited range of sealing solutions. Capabilities of the facility include: mixing custom rubber recipes, product test bunker, test labs for: sour gas, HPHT, thermal cycling, and material properties.

Updated company name debuts at SPE's ATCE show

30-Sep-2013

Houston, Texas, September 30, 2013 – Freudenberg Oil & Gas has changed its name to Freudenberg Oil & Gas Technologies. The company, a business unit of the Freudenberg Group, debuts the updated name today at the opening of the Annual Technical Conference and Exhibition of the Society for Petroleum Engineers, booth 2909.

“Our original name showed the focus that the Freudenberg Group has on the energy industry,” said Richard T. Schmidt, President and CEO of the company. “However, we felt a slight adjustment to our company name would better reflect what we bring to the market as a sealing technologies and solutions provider. By adding ‘Technologies’ we are highlighting the technical solution and material development capabilities that are a core part of our focus and business strategy to serve the upstream oil and gas industry.”

To enable this long-term technology development for the industry, Freudenberg Oil & Gas Technologies established a 14,000 square foot Materials Development & Product Testing Lab in Houston, Texas in early 2012 that enables development – and verification – of a nearly unlimited range of sealing solutions. Capabilities of the facility include: mixing custom rubber recipes, product test bunker, test labs for: sour gas, HPHT, thermal cycling, and material properties.

Freudenberg Oil & Gas Technologies opens new, expanded facility in Wales

25-Sep-2014

Port Talbot, Wales, GB, September 25, 2014 – Freudenberg Oil & Gas Technologies hosted a Grand Opening ceremony Thursday, 18 September, at its new facility in Port Talbot, Wales. The new facility was opened by Edwina Hart, Minister of Economy, Science and Transport, and Dr. Mohsen Sohi, Speaker of the Management Board, Freudenberg & Company.

Over the next few years, the Freudenberg Group will invest £11m in the Port Talbot operation.  The first phase of the project, which was celebrated with the opening of the new facility, was the consolidation of the three original Vector Technology Group sites in Wales into one. The Vector business was acquired by Freudenberg in January 2013, and a search for a new facility was started soon after. This move benefits the business with greater operational efficiencies, a significant investment in new CNC machining capabilities, and additional testing and R&D capabilities.

Backed by a £3m business financing grant from the Welsh Government, the project retains the operations in the area, and creates an additional 60 positions. The total number of staff will rise from 237 to 297 as a result of the investment, and now physically occupies 116,000 sq. ft.

The Minister said, “Freudenberg’s facility in Port Talbot is very impressive and is testament to the company’s commitment to, and investment in, the area and the workforce’s skills and dedication. I am delighted Welsh Government support has enabled the company to develop the facility and increase the workforce to nearly 300 employees. It is a signal of the company’s long term commitment to Port Talbot and its faith in Wales as a great place to do business.”

Dr. Mohsen Sohi recognized the commitment of the local workforce that made investment in the Port Talbot area so attractive. “The addition of the Vector business and its products demonstrates Freudenberg’s commitment to invest and grow its oil and gas business and acquire leading technology companies focused on the upstream oil and gas business.”

Dr. Sohi continued, “The Vector business was established under a commitment to quality, excellence, and innovation – traditions long honored by Freudenberg, as recognized in our own Guiding Principles. By reinvesting in a location with such an established culture of manufacturing and innovation the company shows our plans for the future growth of this business.”

Richard T. Schmidt, President and CEO of Freudenberg Oil & Gas Technologies said, “This investment in Wales will enable the business to grow, remain competitive and become more efficient. It marks our company’s long-term commitment in Wales.  Having the additional financial commitment from the Welsh Government was extremely important and highlights its continued support to major industries in the area.”

The demand for products engineered and manufactured by Vector Technology Group has increased in recent years beyond the capacity of the original footprint, which had already grown to occupy three separate sites across the Baglan Industrial Estate.

Working with the Welsh Government, Freudenberg made the commitment to invest and expand in the area, taking over a vacant factory also on the Baglan Industrial Estate.

The Vector Product line of Freudenberg Oil & Gas Technologies is major single source supplier of high integrity sealing solutions for the most demanding industrial applications, including: offshore platforms, FPSOs, flowlines and subsea installations. The main Vector Products are the ROV-operated OPTIMA Subsea Connector, the SPO Compact Flange and the TECHLOK Clamp Connector. The high level of technical expertise, broad industry knowledge and problem solving capabilities of the Vector Products line have earned industry-wide recognition, helping to build close working relationships with customers whilst delivering high quality products and customized solutions on-time.

Vector OPTIMA®, Vector SPO® and Vector TECHLOK are registered Trademarks of Freudenberg Oil & Gas Technologies

Freudenberg Acquires Bluesky Process Solutions

01-Jul-2015

Weinheim, July 1, 2015 – The Freudenberg Group is strengthening its position as a global supplier for the upstream oil and gas market. The Freudenberg Oil & Gas Technologies Business Group has acquired the business of BlueSky Process Solutions, Ltd., Stoney Creek, Ontario, Canada, effective June 30, 2015. BlueSky is a designer of differentiated seal products, specifically for the upstream oil and gas segment.

“As a long-term oriented technology group, we are continuing to enhance our oil and gas business,” says Dr. Mohsen Sohi, Freudenberg Group CEO. “Even if the industry is currently facing a challenging time, we continue to have confidence in this market.”

“The acquisition of BlueSky enables us to broaden the product range for our customers,” explains Richard T. Schmidt, President and CEO of Freudenberg Oil & Gas Technologies. BlueSky develops high integrity connectors that are complimentary to the Freudenberg Oil & Gas Technologies’ Vector product line in this segment. BlueSky offers proprietary, patented products – products whereby the company owns the intellectual property rights, such as the RotaBall™ swivel connector, the FlexBall™ connector and the AlignLock™ misalignment flange. In addition BlueSky’s BlueLock™ connector is compatible with Freudenberg Oil & Gas Technologies’ Techlok™, a two-piece, four-bolt connector, and enjoys a strong position in the Canadian market.

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About Freudenberg Oil & Gas Technologies
Freudenberg Oil & Gas Technologies is a global solutions provider of innovative sealing solutions and differentiated sealing products to the global oil and gas industry. The company is focused on the exploration and production (upstream) segments. Over 700 associates serve a wide range of customers including oil and gas producing companies, original equipment manufacturers (OEMs) and engineering and service companies that provide technologies, equipment and services for producing oil and gas from land-based, offshore platforms and subsea installations around the world. The Business Group generated sales of more than €153 million in 2014 from its operations in Australia, Brazil, Canada, Malaysia, Norway, Singapore, the United Arab Emirates, United Kingdom, and the United States of America. www.fogt.com www.fogt.com

About the Freudenberg Group
The Freudenberg Group is a family company offering its customers technically challenging product solutions and services. The Group develops and manufactures seals, vibration control components, filters, nonwovens, products for surface treatment, release agents and specialty lubricants, medical and mechatronic products. Especially for mid-size companies Freudenberg develops software solutions and IT services.

 

Consumers can find modern Freudenberg household products in the shops under the brand names of vileda®, O-Cedar®, Wettex®, Gala®, SWASH® and Marigold®. The Freudenberg Group employed more than 40,000 people in about 60 countries and generated sales of more than €7 billion in 2014 (including pro rata consolidation of 50:50 joint ventures). For further information, please go to www.freudenberg.com

Freudenberg Oil & Gas Technologies Acquires Scott-Matrix

30-Aug-2012

Houston, Texas, August 30, 2012 - Freudenberg Oil & Gas announced that it has acquired Scott-Matrix Ltd., a Newcastle, UK based manufacturer of elastomeric sealing solutions for the oil and gas industry. Scott-Matrix is known for its custom manufacturing service for a wide range of products for the upstream oil and gas segment.

“Acquiring Scott-Matrix Ltd (SM) is consistent with our strategy to provide innovative sealing solutions and differentiated seal products to customers in the upstream segment of the oil and gas market,” said Richard T. Schmidt, President and CEO of Freudenberg Oil & Gas. “Their commitment to customer service and good management practices, demonstrated by their ISO 9001:2008 accreditation, is parallel to our objective at Freudenberg Oil & Gas to be the global leader in sealing technology for the upstream oil and gas market.”

This acquisition compliments the company's core competencies of Materials Science, Process Control and Manufacturing Excellence.

Under the agreement signed today, Scott-Matrix founder David Scott and the current staff will remain with the company.

New Test Facility

23-Jan-2012

Freudenberg Oil & Gas has opened a 14,000 square foot Materials and Products Testing Facility in Houston, Texas, USA.

This state-of-the-art facility includes five labs fully equipped for standard tests, and many customer-specific requests. Capabilities include:
 

  • Thermal Cycling Lab
  • HPHT Lab (15,000 PSI at 430°F)
  • Material Properties Lab
  • Sour Gas H2S / Customer Media Lab
  • Product Testing Lab
  • Mixing Lab (Phase II build out - Q3 2012)


This broad-spectrum facility will perform an unprecedented level of in-house verification testing and analysis for Freudenberg Oil & Gas sealing solutions, and for customized specifications upon request.

“Our new facility is designed to address the latest challenges faced by operators, OEMs and engineering and service providers in the upstream oil and gas industry,” said Richard Schmidt, President & CEO of Freudenberg Oil & Gas. “We are capable of performing standard tests in a complete range of temperatures and pressures, as well as customized tests for our customers' specified requirements.”

 

 

Materials development lab achieves additional accreditation

18-Nov-2015

Freudenberg Oil & Gas Technologies’ Materials Development and Product Testing Lab facility recently achieved the International Standard ISO/IEC 17025:2005 accreditation for testing and calibration laboratories.

“Attaining this accreditation highlights once again our continual commitment to being the premier technical sealing solution provider to the upstream oil and gas industry,” says Richard T. Schmidt, President and CEO of Freudenberg Oil & Gas Technologies (FO&GT).
“This achievement reinforces our technical foundation supporting our internal material development processes and new product development capabilities for our customers.”

Freudenberg Oil & Gas Technologies opened the Materials Development and Product Testing Lab in January 2012. Building on the nearly century-long material and sealing expertise of parent company Freudenberg Group, the facility develops sealing solutions specifically for upstream oil & gas applications.


The facility’s product testing capabilities, in combination with the development of proprietary materials, have helped bring innovative sealing solutions to the upstream market, including:

  • Gazguard ® - line of proprietary elastomers that meets NORSOK M710 standard requirements for both sections: RGD and H2S aging

  • WellProtek ™ – line of API-16A annular packing units which meet and exceed original equipment requirements per API 16A, 16AR and 53S standards

  • Unitized Seal-lok ™ – proprietary sealing solution tested up to 600° F, and pressures to 15,000 psi per ISO14310, V0 specification; designed for applications where traditional multi-component type seal stacks and bonded seals are currently used

  • Base Resistant Elastomers (BRE) – proprietary elastomers developed to address extreme applications; for use in downhole tooling technology

FOGT Supports Houston Rodeo Run and Education Initiative

07-Mar-2016

HOUSTON – On February 27th, Freudenberg Oil & Gas Technologies’ Houston-based employees, family members and friends, participated in the 29th annual ConocoPhillips Houston Rodeo Run. For the first time, Freudenberg was a Gold Spur Level sponsor of the event, which allowed Freudenberg to be prominently displayed on all Rodeo Run promotional materials, signage, and giveaways.

The Rodeo Run is the kick-off event to the month-long Houston Livestock Show and Rodeo schedule. The event is completely supported by volunteers, allowing all registration fees from the ConocoPhillips Rodeo Run to go to the Houston Livestock Show & Rodeo Educational Fund, which provides college scholarships for Texas students. 

Through the participation of approximately 10,000 runners in the 5K and 10K race events, 55 of them from Freudenberg, the ConocoPhillips Rodeo Run continued its tradition of making college dreams a reality for Texas students by raising approximately $350,000 for the Houston Livestock Show and Rodeo™ (HLSR) Educational Fund. This brings the Rodeo Run’s 29-year total giving to $4.8 million.
 
Freudenberg Oil & Gas Technologies participation in the ConocoPhillips Rodeo Run is part of our focus on wellness, which encourages our associates to maintain healthy habits.