Franklin announces Technology License Agreement wi
Franklin Valve LP of Houston, TX and Microfinish Valves Limited of Karnataka, India have entered into a Technology License Agreement whereby Microfinish Valves will manfacture and sell the Franklin Duraseal Double Block & Bleed Plug valve in India, Pakistan, Bangladesh, Sri Lank and Myanmar, under the Microfinish brand.
Aker Solutions, Repsol Sinopec Brazil join hands
Aker Solutions' subsidiary Managed Pressure Operations (MPO) will deliver managed pressure drilling (MPD) systems and riser gas-handling services to Repsol Sinopec Brazil.
Fluor Secures FEED Contract for New Chemicals Comp
Fluor Corporation has secured a front-end engineering and design (FEED) contract for Sasol’s world-scale ethane cracker and associated derivative chemicals facility at its Lake Charles Chemical Complex in Louisiana.
Schneider Electric leads ABB & Siemens bid to buy
French company Schneider Electric, is the current front runner to bid for control of UK engineering company Ivensys with a reported bid of USD 5B.
Subsea 7 S.A. awarded contract offshore Brazil
Subsea 7 S.A. has been awarded a contract with a value of approximately US$400 million from Petrobras. The contract is for the operation of the Pipe Lay Support Vessel (PLSV) Normand Seven on a day rate basis for around five years, with operations starting in the fourth quarter of this year.
The vessel has operated for Petrobras for several years and is currently under contract with this client.