Industry News

TAP awards EPC contracts for pipeline sections

Valve World Publisher - March 10, 2016

The Trans Adriatic Pipeline AG (TAP) has recently awarded the contracts for the engineering, procurement and construction (EPC) of approximately 760km of cross-country onshore pipeline - 48 inches (1.

Wood Group wins industrial services contract

Valve World Publisher - March 8, 2016

Wood Group has been awarded a new five year framework contract with a five year extension option, valued at approximately USD 120 M, by Babcock International to provide industrial services to a number of its UK sites.

Statoil awarding ISO contract

Valve World Publisher - March 7, 2016

Statoil has awarded the contract for ISO (insulation, scaffolding and surface treatment) maintenance services at Sture and Kollnes to Prezioso Linjebygg AS.

Festo introduces new sensors with IO-Link

Valve World Publisher - February 25, 2016

Festo, supplier of automation equipment, has recently launched two new easy-to-use sensors with IO-Link output that enable engineers to check the status of their processes readily and increase production efficiencies.

MDA to provide surface movement monitoring

Valve World Publisher - February 24, 2016

MacDonald, Dettwiler and Associates Ltd, a global communications and information company, has announced that it has been awarded three contracts with undisclosed customers in the oil and gas sector.

Statoil awards contracts for 3 North Sea Fields

Valve World Publisher - February 22, 2016

Statoil is awarding contracts for Oseberg Vestflanken 2, Johan Sverdrup and Gina Krog for marine operations, marine construction, engineering, procurement and construction (EPC) of an unmanned wellhead platform as well as modifications at the Oseberg Field Centre. Statoil submitted the plan for development and operation (PDO) of Oseberg Vestflanken 2 and the contract awards are subject to government approval of the PDO. The field development will provide 110 million barrels of oil equivalent and will be profitable even in a low oil price scenario.

KPMG reports on 2016 outlook flow control industry

Valve World Publisher - February 19, 2016

KPMG have released a report on merger and acquisition activities in the flow control industry for 2016. Surinderpal Matharu, Head of Flow Control M&A at KPMG (formerly of IMI) was available for comment when contacted by Valve World: “Oil and gas prices, alongside the softening of manufacturing activity in Asia, have created a sense of uncertainty at the start of 2016.

Pöyry secures 5 year contract with Gasum, Finland

Valve World Publisher - February 17, 2016

Gasum and Pöyry have signed a five year framework agreement for engineering and project implementation services to develop, plan and implement Gasum's natural gas projects in Finland. Gasum's aim is to achieve smart and competitive natural gas solutions for Finnish markets.

Emerson protection receives SIL1 rating

Valve World Publisher - February 8, 2016

Operating safety-critical equipment without reliable machinery health insight to issues such as missed or false trips and alarms can keep operations unreliable and increase risk.

Faroe Petroleum gets six new exploration licences

Valve World Publisher - February 7, 2016

Faroe Petroleum, the independent oil and gas company focussing principally on exploration, appraisal and production

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Industry News

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