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.

GEH and Lockheed sign nuclear deal

GE Hitachi Nuclear Energy (GEH) has formed an alliance with Lockheed Martin, thereby securing a digital control system supplier for its advanced nuclear reactors. 

US 2012 budget prioritizes renewables, nuclear

U.S. President Obama’s $29.5 billion Department of Energy (DOE) budget for fiscal year 2012 cuts back on subsidies to fossil fuel energy and increases funding for renewable and nuclear energy technology research.

Rosengren new president and CEO of Wärtsilä

Wärtsilä has appointed Bjorn Rosengren as the new President and CEO of Wärtsilä Corporation. Rosengren will resign from his current position at Atlas Copco and assume his new position on 1 September 2011.

Valve World Americas Conference Registration open

Registration is now open for the first Valve World Conference to be held in the Americas.  This premiere event is setting precedent in format as well as location - by having the conference made up of plenary sessions and workshops rather than presentations of papers.

Oliver Valves boosts RCAF memorial campaign

RAF Stations Leeming and Linton on Ouse, once home to the Canadians, have set up a fundraising project to create a lasting national memorial to all Canadian airmen and women that fought with the allies during the Second World War.

Copano to build NGL pipeline

Copano Energy, LLC has formed a 50/50 joint venture with a subsidiary of Energy Transfer Partners to construct, own and operate a 12-inch NGL pipeline in order to facilitate deliveries of mixed NGLs to Formosa Hydrocarbons Co., Inc.

Process control webinar

Engineered Software, Inc. is offering a new webinar to provide an overview of process measurement and controlling of industrial piping systems.

US Navy Awards Austal LCS Contract

The U.S. Navy has awarded Austal a contract for construction of up to 10 Littoral Combat Ships (LCS). Contract for the first vessel is valued at $432.1 million with options for nine additional vessels over the following five years.

Mukherjee new commercial director of SAIL

Shuman Mukherjee is the new commercial director of Steel Authority of India Limited (SAIL), effective 23 December 2010.

Exxon Mobil buys Petrohawk Shale assets

Exxon Mobil has agreed to pay $650 million for Petrohawk Energy Corp.'s natural gas wells and pipelines in the Fayetteville Shale, Arkansas.