Agoracom Blog Home

Posts Tagged ‘#enbridge’

FEATURE: Augusta Industries $AAO.ca Discusses Spin-Out Transaction, Clients of Subsidiaries include: #Enbridge $ENF.ca #Shell $RDS #Chevron $CVX #NASA

Posted by AGORACOM-JC at 1:28 PM on Tuesday, October 17th, 2017

Augustalarge

 

Augusta Industries (AAO:TSXV) is a superstar company that very few people small cap investors have ever heard of. More than just lip service, take a quick look at the client rolls of their 2 subsidiaries. Once you do, you’ll understand why Augusta just announced a spin out transaction that will split the subsidiaries into two companies, making shareholders very happy.

SUBSIDIARIES

1]  FOX-TEK – World leading solutions to various sectors including the oil and gas industry. With non- intrusive technologies including: fiber optic sensors and electric field mapping systems; FOX-TEK is able to accurately measure changes that could negatively impact clients’ operations, the list of which includes the following Tier-1 Energy Companies.

2]  Marcon International – an industrial supply contractor servicing the energy sector and a number of US Government entities. Marcon’s principal business is the sale and distribution of industrial parts and equipment to clients that include government departments and global energy companies.

  • Aiming to deliver $25M in additional shareholder value with its Sensor Technologies spin out announcement on September 28th.
  • At the time of “Spin out”, Augusta will own 50 Million shares of Sensor Tech, and 100% of Marcon International,
  • Transaction unleashing the potential for explosive growth through its multinational relationships and state of the art monitoring technology

Augusta is a burgeoning beast in the Oil & Gas service sector with its multi-faceted approach to creating shareholder value for its shareholders.

WATCH OUR RECENT INTERVIEW

INTERVIEW: Augusta Industries $AAO.ca Discusses Spin-Out Transaction, Clients of Subsidiaries include: #Enbridge $ENF.ca #Shell $RDS #Chevron $CVX #NASA

Posted by AGORACOM-JC at 11:00 AM on Wednesday, October 11th, 2017

AGORACOM welcomes Augusta Industries $AAO.ca providing world leading solutions to the oil and gas and structural health monitoring industries

Posted by AGORACOM-JC at 4:58 PM on Friday, September 15th, 2017

Augustalarge

FOX-TEK

A wholly owned subsidiary of
Augusta Industries Inc.

  • Engaged in the development, design, manufacture and supply of systems using fiber optic sensors, related monitoring instruments, and software
  • Clients include Enbridge and The Pembina Institute
  • Marcon’s major clients include Saudi Arabia-Sabic Services (Refining and Petrochemical), Bahrain National Gas Co, Bahrain Petroleum, Qatar Petroleum, Qatar Gas, Qatar Petrochemical, Gulf of Suez Petroleum, Agiba Petroleum and Burullus Gas Co
  • Provides support engineering services related to planning, training, on-site installation, and data interpretation and reporting.

 

CLIENTS INCLUDE


FOX-TEK’s systems serve the needs of the oil and gas, power generation, chemical, mining, and civil structure market sectors, worldwide.

  • Systems can be configured to operate continuously or on an inspection basis.
  • They can also be monitored remotely

Oil And Gas

 

Mining

  • Sensors measure displacement to add value in the areas of critical operations, safety, environmental protection, improved maintenance, and extended lifetime.
  • Systems are built on proven components and know-how in the areas of telecommunications based fiber optics, electronics and optics, and control and signal processing software.

Marcon International

  • Involved in the industrial supply of equipment and parts procuring for its clients which are principally clients in the oil and gas industry and United States government agencies such as the Department of Defense, Department of the Interior, Department of Homeland Security and Department of Agriculture.
  • Provides procurement and support services to existing and new projects worldwide in the energy sector. Initially the company had focused on providing services in the energy sector but moved on to government contracts and government services.

Marcon has two subsidiaries, Marcon USA and Marcon UK, to help enhance and support its logistic and sales operations

  • Servicing the energy sector and a number of US Government entities. Marcon’s principal business is the sale and distribution of industrial machinery and equipment such as cranes, derricks, diesel engines, conveyor systems, oil refining machines, packing machinery, industrial pumps and welding machinery.
  • In addition to departments and agencies of the U.S. Government, Marcon’s major clients include Saudi Arabia-Sabic Services (Refining and Petrochemical), Bahrain National Gas Co, Bahrain Petroleum, Qatar Petroleum, Qatar Gas, Qatar Petrochemical, Gulf of Suez Petroleum, Agiba Petroleum and Burullus Gas Co.

 

 

$AAO.ca FOX-TEK’s Electric Field Mapping (EFM) technology monitors pipe walls for internal corrosion

Posted by Er at 10:52 AM on Thursday, September 7th, 2017

http://www.fox-tek.com/images/fox-tek-logo.gif

It’s highly accurate, it’s non-intrusive, it’s continuous and it goes with the flow.

Electrically speaking, that is.

For the past decade, Electric Field Mapping (EFM) technology—developed by Toronto-based FOX-TEK Canada Inc.—has been helping to keep Enbridge’s pipeline network healthy and fit for purpose by staying “current,” in a manner of speaking.

“If you put your finger in a stream, the water goes around your fingers. And that’s essentially how our EFM technology works,” says Allen Lone, President and CEO at FOX-TEK Canada Inc., a subsidiary of Augusta Industries Inc.

“Based on a continuous EFM monitoring system, we’re measuring the minute changes in electrical current density through a segment of the pipe where our sensor array is mounted,” adds Lone. “If there are any localized changes in the pipe wall—such as metal loss due to corrosion—our EFM system will detect a change in the current density.”

FOX-TEK’s EFM technology, as well as the company’s fiber optic-based optical strain gauges and sensor cable-based leak detection systems, are used all over the world—on anything from tanks and vessels to overpasses and bridges to refineries and electrical towers.

For energy pipelines in particular, EFM is a complementary technology that can be used to supplement a pipeline operator’s inspection and maintenance tactics.

Where a high-tech in-line inspection (ILI) tool has detected a localized area of minor internal corrosion that warrants monitoring, FOX-TEK will install an array of up to 200 wired metal pins, reflecting the size and the shape of the affected area, to monitor changes in the pipe wall’s electrical field.

Significantly, EFM systems are:

  • Built for remote applications, with each pin sensor array fully autonomous through solar-powered battery packs;
  • Continuous, as opposed to monitoring systems that must be manually checked;
  • Non-intrusive, allowing operators to monitor the effectiveness of their pipe cleaning regimens; and
  • Accessible, with wireless data transmission and cloud-based data storage that’s available 24/7 via web-based portals.

Enbridge is continuously looking for opportunities to employ existing technologies, and advance new ones, in the areas of design, construction, operations and maintenance, to keep our pipelines safe.

“Crude oil transmission pipelines are typically at low risk of internal corrosion due to the cleanliness of the transported products, as well as their high flow rates,” says Trevor Place, a senior engineering specialist with Enbridge’s liquids pipelines division. “Nevertheless, over the very long term, there may be periods when accumulated sediment and water have caused corrosion. These locations are easily detected through our in-line inspection programs, and some of these may become suitable for supplemental monitoring using EFM technology.

“Because they’re real-time and continuous,” adds Place, “FOX-TEK monitoring systems are capable of a high level of precision—and they provide validation for our ongoing mitigation activities, like interior cleaning or chemical additives that minimize bacteria and prevent corrosion.”

FOX-TEK’s EFM technology is currently providing continuous monitoring at several locations along Enbridge’s 17,511-mile (28,181-km) North American crude oil and liquids network.

“Because the EFM system is monitoring the actual pipe wall, there really is no better representation of what’s happening inside the pipe,” says Place. “FOX-TEK has been a solid performer for Enbridge for years.”

$AAO.ca Augusta Subsidiary, Marcon Announces New Contracts

Posted by Er at 10:10 AM on Thursday, September 7th, 2017

 

http://www.marconintl.com/images/marcon-logo.gif

  • Contract Awarded to Augusta subsidiary Marcon International
  • Valued at $782,703, future orders total $1,842,098.00 as of August 31, 2017
  • Contracts are with United States Governement

Toronto, Ontario–(Newsfile Corp. – September 7, 2017) – Augusta Industries Inc. (TSXV: AAO) (the “Corporation”) is pleased to announce that its wholly owned subsidiary, Marcon International Inc. (“Marcon”), has been awarded contracts with various departments of the United States government for the supply of instrumentation and equipment. The aggregate value of the new contracts entered into in August is $782,703.00. The current pipeline of orders, including these new contracts, is $1,842,098.00 as of August 31, 2017.

“The Corporation is pleased that it continues to enter into new agreements with various entities of the United States government,” stated Allen Lone, President of the Corporation. ” We are still focusing on adding more contracts to our Sales pipeline and continue to develop our relationship with our clients for future opportunities.”

About the Corporation:

Through its wholly owned subsidiaries, Marcon International Inc. (“Marcon”) and Fox-Tek, the Corporation provides a variety of services and products to a number of clients.

Marcon is an industrial supply contractor servicing the energy sector and a number of US Government entities. Marcon’s principal business is the sale and distribution of industrial parts and equipment.

FOX-TEK provides world leading solutions to various sectors including the oil and gas industry. With non- intrusive technologies including: fiber optic sensors and electric field mapping systems; we are able to accurately measure changes that could negatively impact our client’s operations.

Augusta Industries Inc.
Allen Lone
President, CEO (905) 275-8111 Ext 226 atlone@fox-tek.com