Neway at Valve World 2024

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.

ABB awarded wellhead platform contract

ABB, the global power and automation technology group, in partnership with Heerema of The Netherlands, has been awarded a contract by Esso Exploration Angola (Block 15) Ltd (Esso), a subsidiary of ExxonMobil Corporation, to design, build and commission a deepwater tension leg platform for the Kizomba A Project located in the deepwater Block 15 offshore Angola.

Conoco awards Indonesia contracts

Conoco Inc. has awarded two engineering, procurement, construction and installation (EPCI) contracts for the USD 1.6 billion Belanak offshore natural gas development.

Appointments at Danfoss

Soren Gandrup has been appointed the vice president of sales (Europe) of the Danfoss Flow Division.

BASF invests in Ultrason

BASF will significantly increase the production capacity at Ludwigshafen for its high-temperature resistant plastics based on polysulfone and polysulfone ether.

Reinz wins customer satisfaction award

The gasket manufacturer Victor Reinz (Neu-Ulm, Germany) has been awarded the Certificate for Top Customer Satisfaction by the Steinbeis Transfer Center for Product and Processing Evaluation in Mainz, a subsidiary of the Steinbeis Foundation.

Petroleum Argus and Commercial Services Company fo

Petroleum Argus and Commercial Services Company have formed a strategic alliance in the area of natural gas liquids, whereby Petroleum Argus will market and sell the publications of Commercial Services throughout the world.

ABB buys Mexican company

ABB, the global technology group, has acquired FIP SA, a supplier of pressure-containing equipment for oil and gas production in Mexico.

TransAlta awards contract for scrubber additions

TransAlta Corporation (Calgary, Alberta) has awarded a consortium of Stone & Webster, a division of the Shaw Group, and Alstom Power the engineering and construction contract for a USD 200 million project to instal two flue gas desulphurisation (FGD) units on two 730mw coal-fired units. Civil construction began in 2000.

Conoco awards contract to Honeywell

The Industrial Control business of Honeywell has signed a USD 5.3 million contract with Conoco Inc. to provide general automation contract services for the energy company’s gas-to-liquids semi-works facility currently under construction in Ponca City, Oklahoma.

Bayer to build chemical base in Shanghai

German chemical company Bayer will invest about DEM 7 billion to set up a chemical base in Shanghai.

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.