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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.

Rosenberg WorleyParsons gets Sverdrup contract

Statoil has, on behalf of the Johan Sverdrup licence, awarded Rosenberg WorleyParsons a contract for fabrication of three bridges and two flare towers.

NIBCO aquires Webstone Company

NIBCO INC. has acquired the valve assets of Webstone Company, Inc. The transaction was finalized on May 23, 2016. The new business unit will be named, “Webstone, a brand of NIBCO.

Petrofac secures enhanced North Sea contract

Petrofac has recently decided to build on its provision of reimbursable services for Total E&P UK following the award of an enhanced three-year contract extension on the Alwyn and Dunbar platforms in the Northern North Sea.

FMC Technologies and Technip form new company


Technip (Euronext: TEC) and FMC Technologies, Inc. has announced the formation of the new company that will drive change by redefining the production and transformation of oil and gas.

MRC Global Expands Service to Chemours in the U.S. Gulf

MRC Global Inchas announced that its subsidiary, MRC Global (US) Inc., has been awarded an agreement to be the primary provider of pipe, valve, fitting (PVF) products and services to all U.

Halliburton receives service contract

Wintershall Norge AS has awarded a four-year service contract to support its exploration and development projects in Norway to Halliburton Norge AS.

NMDC to identify mineral potential areas

A MoU was signed recently between NMDC and ISRO's National Remote Sensing Centre opening up the possibilities for NMDC to use ISRO's technology for mineral exploration and a host of other related ventures.

McDermott Awarded Three Offshore EPCI Projects

McDermott International, Inc. has recently declared that it has been awarded three separate projects by a major national oil company for the integrated engineering, procurement, construction, and installation (EPCI) services in multiple fields in the Arabian Gulf.

ASCO’s 362/562 series valves with high flow rates

ASCO has introduced its ASCO 362 and 562 Series of brass and stainless steel spool valves in ¾-inch and 1-inch sizes featuring the industry’s highest flow rates.

Technip’s proprietary equipment to Korean refinery

Technip is awarded a contract by Daelim Industrial Company to provide proprietary equipment for the world’s first commercial HS-FCC™ unit.

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.