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.

How Mounting Kits Impact Valve Safety and Reliability

A chain is only as strong as its weakest link. What is the weakest link in your chain? It might be the mounting kit.

Final Investment Decision for Atapu-2 and Sépia-2 Oil Developments

TotalEnergies, together with the operator Petrobras and their partners in the Atapu and Sépia consortiums, have taken the Final Investment Decision (FID) for the second development phase of Atapu and Sépia fields, located in the prolific pre-salt Santos Basin, offshore Brazil.

Phillips 66 to Acquire Pinnacle Midstream from Energy Spectrum Capital

Phillips 66 announced it has agreed to acquire Pinnacle Midland Parent LLC (Pinnacle) from private equity firm Energy Spectrum Capital for cash consideration of $550 million in a strategic move to expand its natural gas gathering and processing footprint in the Midland Basin.

Emerson’s New Digital Valve Controller Wins 2024 Product of the Year Award

Emerson is proud to announce the Fisher™ FIELDVUE™ DVC7K Digital Valve Controller has been named a 2024 Product of the Year winner.

Chord Energy Completes Acquisition of Enerplus

US oil and gas company Chord Energy has finalised its acquisition of Canadian company Enerplus, creating an exploration and production (E&P) company focused on the Williston Basin.

Aethon Energy to Acquire Tellurian Integrated Upstream Assets

Tellurian Inc. and Aethon Energy Management LLC (Aethon) announced an agreement for Aethon to acquire Tellurian’s integrated upstream assets for $260 million, alongside a Heads of Agreement for Aethon to purchase two million tons per annum (mtpa) of liquified natural gas (LNG) from Tellurian’s Driftwood LNG plant.

Pekos Solution For Hydrogen Service

Pekos Valves now offers valves with an advanced technical enhancement guaranteeing tightness and compliance with the stringent fugitive emission standard ISO15848-1 AH endurance CO3.

Devon Energy Appoints John Bethancourt as Chair of Its Board of Directors

Devon Energy Corp. announced that the company’s board of directors has appointed John Bethancourt as independent chair of the board.

Innovative Design and Reducing Emissions

Working to eliminate fugitive emissions is an ongoing process. Companies are developing new and innovative technologies every day to help in the fight against these emissions to reduce the risk to the environment and surrounding individuals.

Curtiss-Wright to Acquire Ultra Energy

Curtiss-Wright Corporation announced that it entered into an agreement to acquire the stock of Ultra Nuclear Limited and Weed Instrument Co., Inc. (“Ultra Energy”), a subsidiary of Ultra Electronics, for $200 million in cash.