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.

New Director of Global Systems at Flowserve

Mark William Welch accepted the position of Director of Global Systems for Flowserve Corp. on June 5, and will be transitioning from his current position in the upcoming months.

Baker Hughes clinches services contract

Texas-headquartered Baker Hughes, a GE Company (BHGE) has won a major contract to provide a wide range of services to develop Papua New Guinea's first offshore gas field.

US, Canada & Mexico commit to trade alliance

The American Petroleum Institute (API), Canadian Association of Petroleum Producers (CAPP) and the Mexican Association of Hydrocarbon Companies (AMEXHI) have outlined their shared policy positions on further strengthening the competitiveness of the North American energy industry under the North American Free Trade Agreement (NAFTA).

4-port & 6-port rotary selector valves

New Hampshire-based Beswick is introducing miniature 4-port and 6-port rotary selector valves with ¼-28 UNF and 10-32 UNF threads.

Petronas awarded oil & gas block in Mexico

Malaysian state energy firm Petronas recently announced it has been awarded a shallow-water oil and gas exploration block that it will jointly operate with Ecopetrol in the Mexican portion of the Gulf of Mexico (GoM).

SPX FLOW & WTE Wajdi Group to form joint venture

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 introduces new line of safety valves

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.

Significant new oil discovery offshore Mexico

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 drives Americas growth with new hire

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.

US issues permits for three US-Mexico pipelines

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