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VME Lands Contract for North Sea Redevelopment Project
NOVEMBER 14, 2018 (TYLER, TX) – VME has been awarded a contract from McDermott Asia Pacific Sdn Bhd for a Gas Dehydration and Glycol Regeneration Package. The completed equipment will weigh in at 170 tons and will have a gas capacity of 390 MMSCFD. “This project will be fully constructed at VME’s Batam, Indonesia Fabrication Facility […]
VME’s U.S. Operating Division Posts Record Quarter
July 18, 2018 (TYLER, TX) – VME announced record-setting growth and performance for Q2 2018 today for the U.S. Operating Division. The company recorded triple-digit revenue and earnings growth over the same period in 2017 by expanding its customer base and its manufacturing capacity utilization. Greg Jean, Vice President said, “Our upstream customer needs have shifted […]
VME Modularized Well Site Equipment Heading to Colorado, West Texas
APRIL 6, 2018 (TYLER, TX) – Energy equipment company VME continues to gain share in the growing U.S. market for modularized well site construction. Over the last six months, VME has expanded the utilization of their Texas fabrication facility to meet increasing demand, substantially growing their employment of skilled trades and moving to a multi-shift work schedule. While […]
VME Part of History in Molten Sulphur Offloading
November 7, 2017 (TYLER, TX) VME took part in the completion of the first-ever offloading of molten sulphur from an offshore facility to a specialized tanker last week. The Karapan Armada Sterling 3 (KAS3) FPSO, operated by Bumi Armada of Malaysia, carried out the operation which stripped the hydrogen sulfide (H2S) from the sour gas […]
VME Lands Contract for Multiple Sites in Permian
June 13, 2017 (TYLER, TX) – Energy equipment company VME has recently been awarded contracts for multiple modularized wellsite facilities. The company’s North Texas fabrication facility will provide full wellsite piping, pipe racks, separation, measurement, and fluid transfer systems for a multi-well pad drilling program. Compared to traditional wellsite construction methods, VME uses […]
VME Steps Up as United Way Community Pillar
April 26, 2017 (TYLER, TX) VME has joined the ranks of other local businesses, known as Community Pillars, to ensure that the maximum percentage of donations given to the United Way of Smith County go directly to the people served. VME employees have been participating in United Way giving since 2015. Now the company’s SHARE Team (Simply […]
VME Earnings Up 3 Years in a Row Despite Industry Downturn
March 2, 2017 (TYLER, TX) – VME has announced that three-year earnings from 2014 through the end of 2016 continue to exceed expectations. The company demonstrated solid execution of its backlog in 2016, capping a streak of increased profitability in the face of low oil prices. President & CEO Michael Thomas said, “We are pleased […]
VME Helps Habitat for Humanity
September 12, 2016 (TYLER, TX) – Employees of Tyler-based oil & gas equipment manufacturer VME are doing their part this week to help provide housing for deserving East Texans in partnership with Smith County Habitat for Humanity. On Tuesday, one team of VME employees will be working on a Habitat House currently under construction at 1900 […]
VME Ends 2015 with Record Revenue and Solid Profitability for Second Year in a Row
February 1, 2016 (TYLER, TX) – The Tyler, Texas-based company with operations in Malaysia, Singapore, and Indonesia finished 2015 with $120 million in revenue exceeding the previous record in 2014 by 15%. While 2016 is shaping up to be a difficult year for the industry, VME enters the year with a solid backlog of work.
Batam Facility Celebrates HSE Milestone
VME recently celebrated two HSE milestones at its fabrication facility in Batam, Indonesia. On January 28th, VME was honored to receive a safety certificate from its customer Yinson Production and end-user Eni for the achievement of 1,000,000 hours without an LTI on the OCTP Project. Representatives from Eni and Yinson Production were in attendance […]