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.

MRC to acquire assets of Chaparral Supply

MRC Global Inc. (MRC) today announced that it has signed an agreement to acquire the majority of the operating assets of Cherokee, Oklahoma based Chaparral Supply, LLC, a wholly owned subsidiary of SandRidge Energy, Inc.

Exxon Mobil to build U.S. chemical plant

Exxon Mobil Corp. plans to build a multi-billion dollar chemical plant in Texas. Anticipated to be online as early as 2016, the plant would increase Exxon Mobil's chemical production capacity.   North America's largest natural gas producer since the purchase of XTO Energy Inc.

BP to explore Trinidad oil and gas

   BP wholly owned subsidiary has signed an agreement to explore for oil and gas offshore Trinidad and Tobago.

FERC outlines advisory role for EPA rule

The Federal Energy Regulatory Commission (FERC) approved a policy statement which outlined the ways in which it will advise the Environmental Protection Agency on requests for extended deadlines for electric generators to comply with the new mercury and air toxins standards rulings.

Crestview invest USD100 million in Silver Creek

Irving, Texas-based privately-held oil and gas exploration and production company, Silver Creek Oil & Gas, LLC has received a USD100 million investment from New York-based private equity firm Crestview Partners.

Small islands take action to reduce fossil fuel de

  Twenty islands came together for the Achieving Sustainable Energy for All in Small Island Developing States Conference, adopting the “Barbados Declaration”.

MRC announces first quarter results

The largest global distributor of valves, pipes and fittings and related products and services to the energy and industrial sectors, MRC Global Inc. announced it's first quarter 2012 financial results.

Montney shale play attracting investments

   According to a new report by business intelligence expert GlobalData, operators have been making significant investments in competing for valuable areas in Canada's Montney shale play.

Arctic Spirit tanker hauling LNG, TX to Japan

   The bank that ships the most commodities, Morgan Stanley has hired a liquefied natural gas tanker to haul a cargo the 14,500miles from the United States to Japan.

NRC to hold Seabrook nuclear plant meeting

   Nuclear Regulatory Commission authorities will be meeting with the public in Hampton, New Hampshire this week as part of the commission's yearly safety performance assessment of the NextEra Energy Seabrook nuclear power plant.