Category: ClockSpringNRI Corporate News

Continued educational opportunities for infrastructure rehabilitation and structural strengthening professionals.

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TECtalks

With many trade shows and conferences still canceled or being delivered virtually, many infrastructure rehabilitation and structural strengthening professionals are struggling to access the continuing education they need to maintain their professional development hours (PDH) requirements.

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Geosynthetics features GeoTree Case Study – Lake Francis Dam maintenance with GCCM

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The Yuba Water Agency in Yuba County, Calif., was established in 1959 to reduce flood risk and provide a sustainable water supply to the people of the region. Yuba County has historically endured devastating floods, due in part to Gold Rush-era hydraulic mining practices that washed millions of cubic yards of debris into the Yuba River, raising the riverbed and increasing the flood risk.

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Wind Point Partners Acquires and Combines Clock Spring and Neptune Research

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ClockSpring

Wind Point Partners, a leading Chicago-based private equity firm, announced today it has entered into definitive agreements to simultaneously acquire and merge Clock Spring Company, Inc. and Neptune Research, LLC, two leading providers of high-performance repair and rehabilitation products for global critical infrastructure. The combined business will be named ClockSpring|NRI.

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ClockSpring|NRI Expands with Acquisition of AVT

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The AVT EZ Valve, an insertion valve, can be used within a range of applications across many industries such as oil refineries and water utility networks.

New valve technologies add advanced products for critical infrastructure

HOUSTON, July 10, 2018 /PRNewswire/ -- Clock Spring Company, Inc. (ClockSpring|NRI), the world's leading manufacturer of products for pipeline and pipe work repair and overhaul solutions, today announced the acquisition of Advanced Valve Technologies, Inc. (AVT), a manufacturer of advanced industrial valve products with minimally invasive compact fittings.

"ClockSpring|NRI's vision is to repair and rebuild critical infrastructure with innovative and safe solutions that are easy to install and cost-effective to deploy," says ClockSpring|NRI CEO and President Matthew Boucher. "Acquiring a company like AVT that aligns with our safety values and high standards for product innovation and quality will allow ClockSpring|NRI to provide superior products to address flow issues in markets including water and gas."

Ranked among the industry's most innovative solutions, AVT's award-winning EZ™ Valve is designed with a built-in isolation gate that allows the valve to be installed under pressure in challenging conditions. AVT products are safe and easy to install for emergency line repair and maintain pipeline integrity throughout the installation. The company's in-house engineering team has developed pioneering equipment that includes valve insertion tools, tapping machines, and a mechanical in-line stopper system for repairing and reinforcing vital pipelines.

"Innovation is an AVT cornerstone, and the reception for our products has been exceptional," says AVT President Kevin Murphy. "Our combination with ClockSpring|NRI broadens our global reach and ensures that AVT will have a more profound impact on ensuring critical infrastructure is managed and maintained safely and sustainability."

"AVT shares ClockSpring|NRI core values in developing engineered solutions for complex integrity issues. With the AVT acquisition, ClockSpring|NRI is adding essential technology for improving safety and ensuring service for critical infrastructure," Boucher says.

About ClockSpring|NRI

ClockSpring|NRI helps drive global economies by ensuring critical infrastructure is managed safely and sustainably. The company's composite pipeline repair products have been deployed in 75 countries. All our products are easy to install, cost effective to deploy, and durable for decades. ClockSpring|NRI solutions also include Snap Wrap, Pipe Support, Contour, Contour WA, Crack Arrestor, Casing Spacer, Black Diamond, and DiamondWrap as well as training services. 

Industry Needs A New Approach To Safety

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Matthew Boucher, President and CEO

Clock Spring Company, Inc.

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E&P

There is an enormous amount of legislation and a long list of regulations that govern safety requirements for offshore oil and gas operations.

Much of what exists today was born out of offshore accidents that resulted in fatalities—the capsizing of the Ocean Ranger offshore Newfoundland that took the lives of all 84 people onboard and the series of explosions that destroyed the Piper Alpha platform in the North Sea offshore Aberdeen, resulting in 167 deaths.

These were very sobering events to which industry responded accordingly. Each fatal accident led to more guidance being developed to address the dangers of offshore oil and gas operations.

Over the years, countless manhours and millions upon millions of dollars have been invested to develop programs that focus on behaviors and processes to improve safety. But despite the time and effort that has been invested to improve worker safety, the oil and gas industry is still a dangerous one.

Statistics published by the U.S. Bureau of Labor Statistics in 2017 show that of the fatal injuries for the mining, quarrying, and oil and gas extraction industry in 2016, 71% were in the oil and gas sector. While statistics indicate the industry is improving, the number of deaths is still high.

Clearly, more work needs to be done.

It is time to step back and get a different perspective—to re-think the industry’s approach to safety and reimagine how safety could be addressed to reduce lost-time incidents and eliminate fatalities.

Automation is one way of removing people from risky activities. Another is having workers interact with dangerous environments remotely, which has led to a renewed focus on developing unmanned facilities. Advancing technologies also have the potential to reduce accidents. An example is a recent announcement by the Oil & Gas Technology Centre in the UK, Total E&P, and taurob in partnership with Technische Universitaet Darmstadt, which are working collectively over the next 18 months to introduce to the North Sea the first robot to work offshore.

These improvements have required heavy investment, but others are not cost intensive and could be adopted easily. One of these is the use of composites to carry out offshore repairs, an approach that eliminates the hot work and heavy lifting traditionally used and replaces them with an option that removes risky activity from riser and process piping repairs offshore.

These are the kinds of safety milestones the industry needs.

The focus has to shift from legislating safety to eliminating variables that can lead to accidents and injuries, adopting ways of working that take dangerous tasks out of the equation.

It is said that the definition of “insanity” is repeating the same mistakes and expecting different results. As an industry, we can do better than that.

Ingenuity, innovation and creative thinking will lead to better ways of working and the development and adoption of materials that allow variables that lead to accidents and injuries to be eliminated.