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.

ExxonMobil wins 8 deepwater blocks in Brazil

ExxonMobil has increased its holdings in Brazil’s pre-salt basins after winning eight additional exploration blocks during Brazil’s 15th bid round.

Statoil awards Askeladd development contracts

Statoil is awarding a contract for pipelaying to Subsea 7 and for marine operations to Ocean Installer in the Askeladd field development.

AVK announces the winner of AVK World Water Award

To celebrate this year's World Water Day, AVK invited customers and partners to take part in a global case story contest.

ADNOC awards contracts to Samsung Engineering

Abu Dhabi National Oil Company (ADNOC) has confirmed the signing of two major contracts between ADNOC Refining, a wholly owned subsidiary of ADNOC, and Samsung Engineering Co.

MOGAS appoints new VP Operations

MOGAS Industries, Inc. (MOGAS) announced the appointment of Jose Osuna as VP of operations, who will assume duties and responsibilities previously performed by the vice president of manufacturing, Sam Furman, who will retire after an advisory transition period.

INPEX wins exploration rights for WA-533-P

INPEX CORPORATION (INPEX announced that through INPEX Browse E&P Pty Ltd (INPEX Browse), a subsidiary, it was individually awarded an exploration permit for Release Area WA-533-P (the Block) as Operator in Australia’s 2017 Offshore Petroleum Exploration Acreage Release.

Eni sells EST license to Zhejiang Petrochemicals

Eni has been awarded a contract by Zhejiang Petrochemicals for the license of Eni Slurry Technology (EST), which will be used for the construction of two refining lines.

Black & Veatch is EPC Contractor of the Year

Black & Veatch has been named EPC Contractor of the Year. The award, presented to Black & Veatch at the recent LNG USA Summit 2018 in Houston, cited the company’s advanced capabilities in executing complex projects and coincides with increasing investor interest in flexible, cost-effective LNG solutions that can more quickly move supply to end users.

McDermott bags a BP Trinidad deal

McDermott International, Inc. (MDR) has been awarded a detailed engineering and long lead procurement services contract from BP Trinidad & Tobago, LLC (bpTT) for the Cassia C Compression Platform.

Subsea 7 bags a new contract

Subsea 7 S.A. (SUBCY) was awarded a sizeable contract by Wintershall for the Nova (formerly known as Skarfjell) oil and gas field development.

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.