Industry News

Industry news in the valve and actuation sector serves as a vital information reservoir that keeps various stakeholders — including manufacturers, distributors, end-users, and industry analysts — abreast of the latest developments, innovations, and trends shaping the landscape.

The industry news category within the valve and actuation sector encompasses a wide array of updates including technological advancements, market trends, regulatory changes, project announcements, and organizational developments among others. This category is quintessential in helping professionals navigate the dynamic and competitive environment of the valve and actuation industry.

WorleyParsons gets new contract

Refining NZ has awarded WorleyParsons a five year framework agreement for performance of engineering, procurement, shutdown and construction management services (EPCm) at the Marsden Point Refinery (Refinery).

Proserv Middle East wins multiple awards

Energy services company Proserv has recently been awarded a series of contracts worth a combined value of more than USD 11M for its production control new-build and after-market services in the Middle East.

Saipem awarded EPCI contract by ExxonMobil

Saipem has been awarded a new EPCI contract for the SURF package of the proposed Liza project operated by Esso Exploration and Production Guyana Limited, an affiliate of ExxonMobil.

Petrofac secures USD 70M contracts

Petrofac has secured a series of contract awards worth more than USD 70M for engineering, operations and maintenance services in Iraq.

TechnipFMC gets an EPC contract

TechnipFMC has been awarded by Zakum Development Company an Engineering, Procurement and Construction contract (EPC3 project) for a sulfate reduction plant on West Island located offshore Abu Dhabi, United Arab Emirates (UAE).

Petrofac enhances Iraq presence with new contracts

Petrofac has secured a series of contract awards worth more than USD 70M for engineering, operations and maintenance services in Iraq.

Interventek launches 20K in-riser valve

Aberdeen-based well intervention technology specialists, Interventek Subsea Engineering, have pushed the boundaries of oil and gas industry capability with the launch of their latest new product, an ultra-high pressure, high temperature (HPHT) version of their Revolution safety valve for in-riser landing string systems.

Amec Foster Wheeler wins BP framework contract

Amec Foster Wheeler has been awarded a global framework contract by BP International to provide engineering, procurement support and project management services for pre-FEED, and FEED work across a range of projects.

MRC Global awarded contract with PBF

MRC Global Inc. (MRC) announced that its subsidiary, MRC Global (US) Inc., has been awarded an agreement to be the provider of pipe, valve and fitting (PVF) products and services to PBF Energy Company LLC (PBF).

BP awards EPC contract to Schlumberger

OneSubsea, a Schlumberger company, has announced the award by BP of an engineering, procurement and construction (EPC) contract to supply the subsea production system for the Mad Dog 2 development in the Gulf of Mexico.

Industry News

In the ever-evolving landscape of the valve and actuation industry, the role of timely and comprehensive industry news cannot be overstated. Serving as the nexus of vital information, industry news acts as a guiding beacon for stakeholders at every level, offering insights into market trends, technological advancements, and regulatory shifts that shape the industry’s trajectory. From unveiling innovative product launches to analyzing market dynamics and spotlighting seminal projects, industry news is an indispensable tool in navigating the complex and dynamic world of valve and actuation technology. As industries transition towards a future marked by digitalization and sustainability, staying updated with the latest industry news ensures that professionals remain at the forefront of developments, fostering growth, innovation, and collaboration in a sector central to modern infrastructure and technology.

The industry news category serves as a central hub that amalgamates various types of information critical to the valve and actuation industry. It fosters a well-informed community, promotes knowledge sharing, and facilitates strategic decision-making, thus playing a pivotal role in steering the industry towards growth and innovation. Keeping abreast of industry news helps stakeholders adapt to the rapidly evolving industry landscape and seize emerging opportunities.