Industry News

North Carolina-based manufacturer SPX FLOW has signed an agreement to form a joint venture (JV) with the WTE Wajdi Group dedicated to the service of all rotating and static equipment for oil and gas, industrial and power customers in Iraq.

SMC Corporation, a global pneumatics manufacturing company with US headquarters in Noblesville, Indiana, has introduced its range of VP544/744-X555/585 dual residual pressure release valves with soft start-up function, designed to meet ISO13849-1 standards for safety.

Premier Oil, together with its joint venture partners Talos Energy (Operator) and Sierra Oil & Gas, recently announced that the Zama-1 exploration well in Block 7, offshore Mexico, has made a world class oil discovery.

PJ Valves (PJV), manufacturer and supplier of valves for the global energy industry, has appointed Kevin Schumacker as Business Development Manager of its Americas operations in Houston, Texas where he will be responsible for implementing the company’s regional growth strategy.

The United States has announced that it has issued permits to NuStar Logistics, L.P., a subsidiary of American pipeline operator NuStar Energy L.

Lietuvos Duju Tiekimas (LDT) – the state-owned Lithuanian gas trader – has signed an agreement to purchase LNG directly from the US for the first time.

General Electric Co. (GE) has announced that Russell Stokes, current president and chief financial officer (CEO) of GE Energy Connections, has been appointed president and CEO of GE Power.

Halliburton, one of the world's largest oil field service companies with headquarters in Houston, Texas has announced the appointment of Christopher (Chris) Weber as executive vice president (VP) and chief financial officer (CFO), effective June 22, 2017.

BP, a world leading integrated oil and gas company with numerous locations in the US, and Reliance Industries Ltd. will invest as much as USD $6 billion to restart work in Indian oil and gas blocks after eight years, in an area off the South Asian country’s east coast where both companies have faced trouble boosting production.

The American Petroleum Institute (API) has appointed Megan Barnett Bloomgren as its new Vice President (VP) for Communications.