Orbital Energy Group announces sale of Orbital Gas Systems Ltd., to competitor, nZero Group
Orbital Energy Group and nZero Group announced that they have entered into a share purchase agreement under which Orbital will sell its UK gas business, Orbital Gas Systems Ltd to nZero Group.
Effective immediately, nZero Group will assume operations of Orbital’s UK and European business, including sales and distribution of the GasPT Technology. Orbital retains potential licensing and royalty rights to certain GasPT projects. Excluded from the Agreement is Orbital’s proprietary VE Technology, which will be licensed to nZero Group for European and Asian distribution.
“This transaction is yet another step in Orbital Energy Group’s transformation to a diversified infrastructure services company as we move forward with an aggressive and disciplined strategy to tap into the increasing secular demand trends in the electric power, telecommunications, and renewable industries,” said Jim O’Neil, Vice Chairman and CEO of Orbital. “I want to thank the employees of Orbital Gas UK for their past service to OEG and congratulate nZero Group for completing this compelling, strategic transaction.”
Matt Allen, Managing Director of nZero Group stated, “This deal represents a significant step forward in our strategy to become a key contributor in the UK net zero energy transition by bringing under common ownership two of the UK’s leading measurement and control partners across the natural gas, low carbon hydrogen, petrochemical, and waste to energy sectors. Common ownership of Orbital-UK and Thyson Technology Limited, an nZero Group subsidiary company, will invigorate the exceptional talent and manufacturing capability of both businesses creating an environment that promotes the sharing of knowledge and best practices leading to improved performance and a sustainable future together for the long-term benefit of our customers, partners, and loyal staff. I would like to thank OEG for this opportunity and the local Orbital-UK management for their support.”
The gas processing/LNG sector is investing in new technologies to mitigate carbon emissions from both operations and its supply chain.
Industry Focus: Maximizing the performance of your ETRM system
-Teresa Kroh, Brad York
Energy trading and risk management (ETRM) systems are vital for the support of business processes associated with trading energy commodities such as crude oil, refined products, natural gas, natural gas liquids (NGLs) and electric power, as well as facilitating the movement and delivery of those energy commodities and associated risk management activities.
-Oz Rodriguez, Catriona Penman
More than 100 participating countries at the 26th UN Climate Change Conference of the Parties (COP26) signed the Global Methane Pledge, in which they agreed to take action to reduce methane emissions at least 30% by 2030 vs. 2020 levels.
Optimizing Gas Distribution: Accounting for Changeovers, Regulators, and More
Gas distribution systems are critical to the effective operation of many industrial facilities around the world. Despite the importance of these systems, however, opportunities to improve their performance and cost-effectiveness are often missed or misunderstood. Increasing changeover pressure may seem like a good way to improve system flow, for example, but it often does so at the expense of bottled gas. Adding regulators may help you control supply pressure, but it also adds cost to your system. So, how do you know what the ideal gas distribution setup is for you?
Attend this webinar to:
- Gain a basic understanding of the fluid dynamics that affect pressure control in gas distribution systems, learning to interpret flow curves and recognize phenomena like lockup, droop, and supply pressure effect (SPE)
- Learn how inlet pressure affects regulator performance and when to specify certain regulator types and configurations to effectively control gas system pressures
Understand the inherent trade-offs between gas utilization and flow capacity and how to select both the right changeover pressure and automatic changeover panel design for your operations.
May 4, 2021 10:00 AM CDT