Industry News

What’s happening and hot in the valve and actuation industry? Mergers and acquisitions, promotions, interesting development in end-user sectors, new project deals and so on.

AIMS

Alco Valves Group moves to new headquarters

Alco Valves Group has completed a move to new headquarters at Gooder Lane, Brighouse, West Yorkshire, UK. The company, which currently has centers in Canada, the US, Singapore and Dubai, began work on the 8.
AIMS

New loss estimating risk tool for oil & gas sector

Aon Global Risk Consulting, the risk management consulting arm of Aon, which has locations throughout North and South America, in collaboration with research agency TNO, has launched a new modelling tool for the oil and gas sectors.
AIMS

Dave Sauber joins Marathon Petroleum Corp.

Marathon Petroleum Corp. (MPC) recently announced the appointment of Dave Sauber to the position of Vice President of Human Resources and Labor Relations, effective February 1st, 2017.
AIMS

Dragon Products assisting oil production companies

Dragon Products, Ltd., a leading manufacturer of mission critical products serving the energy and industrial industries, is expanding its frac equipment rebuilding efforts to help oil production companies meet new market demand.
AIMS

US to sell 8 M bbls of crude oil reserves

The US Department of Energy (DOE) recently issued a Notice of Sale for crude from its Strategic Petroleum Reserves, with bids for 8 million barrels of light, sweet oil due by January 17th.
AIMS

Cobalt completes drilling on North Platte #4 well

Cobalt International Energy has completed drilling operations on the North Platte #4 appraisal well in the US Gulf of Mexico.
AIMS

API welcomes nomination of Rick Perry

American Petroleum Institute (API) President and Chief Executive Officer Jack Gerard welcomed the nomination of former Texas Governor Rick Perry to serve as the Secretary of Energy, and called on the nominee to make LNG exports a top priority at the Department of Energy.
AIMS

Shell appoints new CFO

Royal Dutch Shell, a global oil and gas company with locations throughout the Americas, has announced the appointment of Jessica Uhl as the company’s new Chief Financial Officer (CFO), effective 9 March 2017.
AIMS

Atwood Oceanics awarded drilling services contract

Atwood Oceanics, Inc., a leading offshore drilling contractor headquartered in Houston, Texas, recently announced that one of its subsidiaries has agreed to a one-well drilling services contract with Woodside Energy Ltd.
AIMS

BP increases its oil and gas reserves

BP, whose US headquarters are located in Florida, has agreed to buy stakes in gas-heavy exploration areas off the coast of Mauritania and Senegal from Kosmos, a Dallas-based energy company, days after announcing the long-awaited renewal of an onshore oil concession in Abu Dhabi.