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.

Sovereign Oil Corp begins reworking KS wells

newsitemGlobalgroup Investment Holdings, Inc. announced that its subsidiary Sovereign Oil Corp has begun re-working O&G wells in Kansas.

GE acquires PRESENS

newsitemGE announced the acquisition of PRESENS, a provider of pressure, temperature and flow measurement solutions. The acquisition expands GE’s portfolio of sensing solutions and will be part of the company’s Measurement & Control business within GE Oil & Gas.

Petrofac awarded two projects for Petro Rabigh II

Petrofac, the international oil & gas service provider, has been awarded two engineering, procurement and construction (EPC) contracts for Petro Rabigh's Phase II petrochemical expansion project.

US LNG market balloons

newsitemNorth America is witnessing a fresh surge of natural gas production, which is encouraging investors to pump money into the industry, says a new report by natural resources expert GlobalData. The report states that the increase in shale gas drilling has made the US less dependent on LNG imports, and the region now plans to export some of its own natural gas production. The US has witnessed a huge increase in shale gas production, and consequently, the price of natural gas in the country has decreased, in turn attracting even more investors and LNG consumers. Significant commercial production of shale gas is being attained by the Barnett shale play in East Texas, the Fayetteville shale play in northern Arkansas, the Haynesville shale play in northern Louisiana, the Woodford shale play in eastern Oklahoma, the Antrim in upper Michigan, the Bakken in North Dakota and the Marcellus shale play stretching into western Pennsylvania, western New York and West Virginia.

Equatorial Guinea deepens Chinese ties

newsitemEquatorial Guinea, the third-largest crude-oil producer in Sub-Saharan Africa, is seeking to deepen ties with Chinese energy companies as the country works to improve power infrastructure and increase output of crude and natural gas. Equatorial Guinea has approached China Petrochemical Corp., known as Sinopec Group, about building a 20,000-barrel-a day refining and petrochemical complex in the country, which later could be expanded to 60,000 barrels a day, Gabriel M.

Bechtel awarded EPC contract for TX plant

Bechtel announced the company is part of a consortium awarded the engineering, procurement, and construction contract to build a natural gas-fueled, combined-cycle power plant for Panda Temple Power, LLC, an affiliate of Panda Power Funds.

Keyuan engages research on oil price fluctuation

newsitemKeyuan Petrochemicals Inc. independent manufacturer and supplier of various petrochemical products in China, announced that it has engaged with Shanghai East China University of Science and Technology and Ningbo Institute of Technology, Zhejiang University to study on improving our production efficiency and expanding our product diversity in order to reduce adverse effect by oil price fluctuation and outside industry environment. In the first six months of 2012, the international extreme fluctuation of oil price has caused substantial negative impact on the whole petrochemical industry and most petrochemical companies including Keyuan.

ABO obtained certificates DVGW and AD 2000

The Czech Republic based industrial valves manufacturer, ABO valve, obtained two important certificates DVGW and AD 2000. These certificates widen the company certificates’ collection which already includes e.

New office bearers of CII division

The Valves and Actuator Division of the Confederation of Indian Industry (CII) is represented by the leading manufacturers of Industrials valves and actuators used in various sectors such as power, oil & gas, chemicals, fertilizers, pharmaceuticals, water, steel, cement, etc.

Technip awarded contract for Balnaves field

Technip was awarded by Apache Energy Ltd a subsea installation contract worth approximately EUR 50M for the Balnaves oil field development, located in the Carnarvon Basin, offshore North Western Australia.

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.