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.

Addison Machine wins sizing mill award

Addison Machine Engineering has been commissioned to manufacture an AM-8000-PSU Sizing Mill.

Regent and Millennium sign power accord

Regent Energy Corporation has executed a contract with Millennium Energy Ventures (MEVCO), a private Houston-based venture capital and project development company, to develop an electric plant with 500mw generating capacity (estimated cost USD 250 million) on Regent's Horseshoe Gallup lease in San Juan County, New Mexico.

Pemex investments

Pemex is to invest Pesos1.473bil in total this and next year.

SIPOS Aktorik GmbH exhibits at Interkama 2001

SIPOS Aktorik GmbH will be exhibiting its enhanced SIPOS 5 Flash series of electric actuators and its new control system SIMA for PROFIBUS DP compatible actuators at the Interkama 2001 exhibition in Düsseldorf, 24–28 September 2001.

Roman co-generation plant

Total Gas Power Ventures SA. (part of the Total Fina Elf group), Sviluppo Impianti Termoelettrici SpA (Sondel, Montedison Group) and ERG Petroli (part of the ERG group), are to form Roma Energia Srl to realise a co-generation combined-cycle power facility with a capacity of about 800mw, to produce electric and steam-powered energy.

Kitz appoints UK distributer

Kitz Corporation of Europe SA has announced the additional appointment of RPV as an Authorised UK Distributor for Cast Low & High Alloy Steel Gate, Globe & Check Valves.

Power plant for Virginia

The Fluvanna, County Board of Supervisors, Viriginia, USA, approved Competitive Power Ventures' plans to build a 520mw electric power plant in the county.

Jakarta to award oil exploration rights

Indonesia plans to award oil exploration rights at the end of this month for up to nine blocks and would open new areas for tender in August.

Clough awarded new Thai contracts

Through its strategic alliance with Unocal Thailand Ltd and Unithai Shipyard and Engineering Ltd, the Clough Group has been awarded its second tranche of contracts in seven months to design and build wellhead platforms and subsea pipelines for Unocal in the Gulf of Thailand.

TECHNIP wins gas award for Azerbaijan

TECHNIP has won from BP the Front End Engineering Design (FEED) for the Shah Deniz offshore production and drilling facilities, located some 80km offshore in the Caspian Sea.