Industry News

ArcLight Capital Partners announced Wednesday it has acquired a 25% equity interest in the Gulf Coast Express Pipeline (GCX) from a Phillips 66 affiliate for $865 million.

ExxonMobil has purchased several shipments of naphtha for its newly launched petrochemical complex in southern China, Reuters has reported.

Flowserve Corporation has launched the Worcester Cryogenic series of reduced-port, quarter-turn floating ball valves for the liquefied natural gas (LNG), hydrogen and other industrial gas sectors.

IMI has secured a multi-million Euro deal to supply seven anti-surge valves to a major production facility in the North Sea.

Petrobras has signed a long-term LNG purchase and sale agreement with British company Centrica.

Oxford Flow, the flow control equipment specialist, has secured its largest order to date, valued at nearly $1 million USD, for its ES stemless axial flow valves.

Aalberts IPS developed the Apollo v-port ball valve, which is designed to handle higher fluid velocities and increased pressure drops when the valve is in partially open positions.

ONEOK, Inc. and MPLX LP have entered into definitive agreements to form joint ventures to construct a new large-scale 400,000-barrel per day (bpd) liquefied petroleum gas (LPG) export terminal in Texas City, Texas, and a new 24-inch pipeline from ONEOK's Mont Belvieu, Texas, storage facility to the new terminal.

Imperial announced that the board of directors has approved the appointment of John Whelan as president.

Valtorc introduces the series 390 stainless steel flush bottom tank valve release, which features a number of port configurations including standard, full port pipe and full port tube dimensions.