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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.

China signs west-east pipeline deal

China has signed a deal with foreign oil giants to pipe gas from far western deserts to the eastern metropolis of Shanghai in a USD 20 billion project to sate a thirst for energy and cut use of dirty coal.

Biopharmaceutical plant in Montreal

DSM will invest EUR 7 million in the basic engineering for a new biopharmaceutical plant in Canada.

Refinery expansion project in Abu Dhabi

Technip-Coflexip has been awarded, by Abu Dhabi Oil Refining Co., a lump-sum turn-key contract worth about USD 480 million for the expansion of the Ruwais Refinery to modernise the existing facilities and to add new units for the production of unleaded gasoline and low sulphur gas oil.

Qatar-UK gas supply deal

Exxon Mobil Corp. and Qatar Petroleum have signed an agreement to supply liquefied natural gas from Qatar to Britain.

Electricity boost for Iran

Iran is contemplating the establishment of new power houses to produce 28,000 mw by 2011, according to Hossein Mahmoudzadeh, managing director of Iran's Energy development Organization.

Hydrogen in Antwerp

Air Liquide will invest in a hydrogen-production unit on BASF’s site at the port of Antwerp, Belgium.

New deepwater technology company

Conoco and Aker Kvaerner have announced the establishment of a new company, DeepWater Composites AS, that will manufacture and sell composite products for use in the deepwater oil and gas industry.

Tyco streamlines

Tyco International Ltd is streamlining its corporate operations.

Technip-Coflexip wins Juno offshore award

Technip-Coflexip wins Juno offshore award Technip-Coflexip has announced that Coflexip Stena Offshore Ltd, one of its UK entities, has been awarded the pipelines and subsea EPCIC (Engineering, Procurement, Construction, Installation and Commissioning) contract from BG International (NSW) Ltd, for its Juno development in the Southern UK North Sea.

Devon Energy announces discovery

Devon Energy Corporation announced today a discovery on the Cascade prospect in the deepwater Gulf of Mexico.