Industry News

Baker Hughes on Monday announced a partnership with Frontier Infrastructure to accelerate the development of the latter's large-scale carbon capture and storage (CCS) and power solutions in the United States.

ConocoPhillips announced it has entered into an agreement to sell its interests in the Ursa and Europa Fields and Ursa Oil Pipeline Company LLC to Shell Offshore Inc. and Shell Pipeline Company LP, subsidiaries of Shell plc, for $735 million subject to customary closing adjustments.

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.