The ARC Advisory Group recently released new research on the control valve market. Their research revealed that the global market bounced back in 2018 after three years.
The U.S. valve market will expand next year thanks to low cost oil and gas. Tariffs and a potential recession may provide a dampener, but the production of oil at less than USD$30/barrel and production of cheap natural gas and petrochemical feed stocks through hydraulic fracturing has made the U.S.
Asahi/America, Inc., a leader in thermoplastic fluid flow technology for industrial, commercial and environmental applications, has announced the addition of Patrick Higgins to its business development team.
WSP, a Canadian business that provides management and consultancy services to the built and natural environment, was contracted for the design, project management and construction administration to replace 2,000 m of 600 mm watermain and 1,000 m of 450 mm watermain, which supplies the West Woodbridge Elevated Tank near the Region of York, Ontario, Canada.
BP announced it will deploy continuous measurement of methane emissions in its future oil and gas processing projects. Continuous measurement, including the use of such instruments as gas cloud imaging (GCI), will be introduced at all major BP projects worldwide.
Houston-based valve manufacturer, BHGE Masoneilan has been given a contract to provide the heavy-duty severe service angle control valves for CEPSA’s refinery in San Roque, Cádiz, Spain.
Subsea 7 has announced the award of a sizeable contract by Total E&P to Brazil for the development of the Lapa North East field located approximately 300 km off the coast of the State of São Paulo, at 2,150 metres water depth in the pre-salt Santos Basin.The project includes the transport, installation and pre-commissioning of 35 km of flexible pipelines and 20 km of umbilical, connecting 5 wells to the FPSO Cidade de Caraguatatuba.
BP announced that it will soon sell its entire Alaskan business to Hilcorp Alaska, based in Anchorage, Alaska. Under the terms of the agreement, Hilcorp will purchase all of BP's interests in the state for a total consideration of $5.6 billion.The sale will include BP's upstream and midstream business in the state, including BP Exploration (Alaska) Inc., that owns all of BP's upstream oil and gas interests in Alaska, and BP Pipelines (Alaska) Inc.'s interest in the Trans Alaska Pipeline System (TAPS).Bob Dudley, BP group chief executive, said "Alaska has been instrumental in BP's growth and success for well over half a century and our work there has helped shape the careers of many throughout the company.
