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.

McDermott awarded Pemex Drilling Platform

newsitemOne of McDermott International, Inc. subsidiaries has been awarded a contract for the new Ayatsil-B drilling platform for PEMEX Exploracion y Produccion in the Bay of Campeche Ayatsil field.

Jacobs awarded contract for phosphate project

Jacobs Engineering Group Inc. (JEC) was awarded a contract by Saudi Arabian Mining Company (Ma'aden) to provide a bankable feasibility study/front end engineering design for its Umm Wu'al Phosphate Project in the Sirhan-Turaif region, the Kingdom of Saudi Arabia.

Drilling contracts worth NOK 30 billion

On behalf of relevant licensees, Statoil has awarded contracts for drilling services on as many as 18 fixed installations on the Norwegian continental shelf (NCS).

Hydropower contracts in Canada awarded to Alstom

Alstom has been awarded three contracts at hydroelectric power sites operated by Canadian utilities Hydro-Québec and Manitoba Hydro totaling approximately EUR 40 million. For the first two projects, the company will supply new runners for units C-1 and C-3 at the 38-unit, 1900 MW Beauharnois Generating Station.

Sterling Resources announces North Sea asset swap

Sterling Resources Ltd. is pleased to announce the execution of an agreement with Enquest PLC under the terms of which Sterling will acquire Enquest's 10% interest in its F-Quad and L-Quad licences in the Dutch North Sea, and Enquest will acquire Sterling's 50% interest in the Cairngorm licence (Block 16/3d) in the UK North Sea.

Fluor JV wins contract from Tengizchevroil

Fluor Corporation’s joint venture with WorleyParsons, the Kazakh Institute of Oil and Gas (KING) and KazGiproNefteTrans Engineering Company (KGNT EC) was awarded a contract by Tengizchevroil, LLP (TCO) for its Wellhead Pressure Management Project in Kazakhstan.

Newly developed EPT-Series

Flowbus has developed the newly extended canted yoke mechanism for expanding product line of actuator by reflecting increased demands for valve specifications.

Tap Oil gets extension of Accra contract

Tap Oil Limited reports that the Ministry of Energy, Ghana has granted a 12-month extension of the Initial Exploration Period under the Petroleum Agreement in respect of the Offshore Accra Contract Area.

MRC announces first quarter results

newsitemMRC Global Inc. announced its first quarter 2012 financial results. Sales of USD 1.383 billion were up 39% from USD 992 million in the first quarter of 2011.

Statoil in Ghana farm-in

Statoil has entered its first acreage in Ghana, farming into a deepwater licence operated by Hess.

The Deepwater Tano/Cape Three Points (DWT/CTP) licence was awarded to Hess Corporation (Hess) in 2006 and lies just south of the licence containing the Jubilee field offshore Ghana.

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.