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.

Shell awards EFA to MRC

MRC Global Inc., one of the largest global distributor of pipe, valves and fittings to the energy industry, announced that it has signed a five-year global Enterprise Framework Agreement (EFA) with Shell for the distribution of valves and automation services. The global EFA covers Shell's upstream, midstream and downstream project and maintenance, repair and operations (MRO) requirements in North America, Europe, Asia, Australia, the Middle East and Africa.

Aquatech awarded contract for Turkmenistan project

Aquatech, a global leader in water purification for industrial and infrastructure markets, has been awarded a contract to design and supply a wastewater recycle system in a gas field development project in Turkmenistan.

CVS appointed as an ASCO distributor

ASCO Numatics recently appointed Control Valve Solutions (CVS) as an Offshore Specialist Distributor. The agreement will see ASCO Numatics providing valve sizing, selection and engineering support to CVS, which will enable them to offer a value added service to the offshore industry around their valve piloting solutions.

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.

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.