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.

Grundfos names new VP of Water Utility

In this role, Morrison will have complete P/L responsibility, including sales and operations. He will report directly to Jonathan Hamp-Adams, General Manager of Grundfos USA.

USA natural gas production levels have increased

USA natural gas production levels in the lower 48 states increased nearly 1 percent in July 2016, and averaged 73.3 billion cubic feet per day (Bcf/d), ending a five-month production decline, according to analysis from IHS Markit, a world leader in critical information, analytics and solutions.

Aramco to co-fund compressor valve development

Zahroof Valves Inc. (ZVI) has secured Series C funding for a next phase of expansion from Saudi Aramco Energy Ventures and existing investor NGP Energy Technology Partners.

Tecolutla field crude production will soon start

Mexico's Grupo IDESA, along with its Canadian partner, expects to start extracting barrels of crude from the Tecolutla field within months of signing a contract with Mexico's oil regulator, IDESA's chief executive officer said on Friday.

New PESA Advisory Board member

Hoover Container Solutions’ chairman and CEO, Donald Young, has been nominated and elected to the Petroleum Equipment & Services Association (PESA) Advisory Board for a three-year term.

IDESA & IFR to extract crude from Tecolutla

Mexico's Grupo IDESA, along with its Canadian partner, International Frontier Resources Corporation (IFR), expect to start extracting barrels of crude from the Tecolutla field within months of signing a contract with Mexico's oil regulator, IDESA's Chief Executive Officer said recently.

US LNG vessel passes canal, destined to China

The first liquefied natural gas (LNG) vessel from the lower 48 US states is on its way to China, according to recent reports.

US oil drillers add rigs for 5th week in a row

US drillers have added oil rigs for a fifth consecutive week, according to Baker Hughes Inc. Drillers added three oil rigs in the week to July 29, bringing the total rig count up to 374, compared with 664 a year ago, according to the recent Baker Hughes weekly report.

Haskel promotes global growth with new management

High pressure valve and pump specialist, Haskel, which is part of the US-based Accudyne Industries, has made three new management appointments as it restructures its business in Sunderland, UK for international growth.

Zahroof secures funding from Saudi Aramco

Houston, Texas-based Zahroof Valves Inc. (ZVI), recently announced it has secured Series C funding led by Saudi Aramco Energy Ventures (SAEV), the corporate venturing arm of energy enterprise, Saudi Aramco.