Industry News

What’s happening and hot in the valve and actuation industry? Mergers and acquisitions, promotions, interesting development in end-user sectors, new project deals and so on.

Mikkel contract awarded

Statoil has awarded European Marine Contractors the assignment of laying a pipeline between the Mikkel field in the Norwegian Sea and a subsea template on the Šsgard field's Midgard deposit.

NZ company to build plant in Australia

New Zealand energy company Contact Energy Ltd and its cornerstone shareholder, Edison Mission, have given the go-ahead to a ASD 164 million peaking power plant in Victoria.

New state gas company in Venezuela

Venezuela will create a new state gas company this year to spearhead development of the country's huge natural gas reserves on an equal footing with the strategic oil industry.

ABB awarded wellhead platform contract

ABB, the global power and automation technology group, in partnership with Heerema of The Netherlands, has been awarded a contract by Esso Exploration Angola (Block 15) Ltd (Esso), a subsidiary of ExxonMobil Corporation, to design, build and commission a deepwater tension leg platform for the Kizomba A Project located in the deepwater Block 15 offshore Angola.

Conoco awards Indonesia contracts

Conoco Inc. has awarded two engineering, procurement, construction and installation (EPCI) contracts for the USD 1.6 billion Belanak offshore natural gas development.

Appointments at Danfoss

Soren Gandrup has been appointed the vice president of sales (Europe) of the Danfoss Flow Division.

BASF invests in Ultrason

BASF will significantly increase the production capacity at Ludwigshafen for its high-temperature resistant plastics based on polysulfone and polysulfone ether.

Reinz wins customer satisfaction award

The gasket manufacturer Victor Reinz (Neu-Ulm, Germany) has been awarded the Certificate for Top Customer Satisfaction by the Steinbeis Transfer Center for Product and Processing Evaluation in Mainz, a subsidiary of the Steinbeis Foundation.

Petroleum Argus and Commercial Services Company fo

Petroleum Argus and Commercial Services Company have formed a strategic alliance in the area of natural gas liquids, whereby Petroleum Argus will market and sell the publications of Commercial Services throughout the world.

ABB buys Mexican company

ABB, the global technology group, has acquired FIP SA, a supplier of pressure-containing equipment for oil and gas production in Mexico.