Tag: industry outlook

As valve operators, end users develop their own standards and regulations to ensure valves are complying with international best practices as well as raise the bar for the required minimum of optimum design versus product quality to ensure they are ready to operate and function.

Valves are significant components of an operating facility where isolation is required.

Valve World Americas had the pleasure of speaking with George Booth, Chairman of Gebflow Control Co. (GEBCO) to learn about the evolution of the valve industry’s distribu­tion channels.

A number of events during the past decade has set the table for significant changes to the oil and gas industry segment moving forward. These occurrences began with the 2010 Deep-Water Horizon spill, followed by the oil crisis of 2014 – 2018, the greater pressure stemming from the global warming situation and culminating with the Corona Virus pandemic.

With the new government administration in the United States, strong measures to fight climate change are being implemented throughout different sectors. The Joe Biden administration’s climate change policy will target reducing carbon emissions to achieve net zero greenhouse gas emissions by 2050.

The phrase ‘new normal’ is very popular at the moment. In the oil and gas (O&G) sector, we have had to adapt to many a new normal over the years. ‘Lower for longer’ was meant to be the new normal with prices in the USD $60-70/bbl range, before they went much lower than that.

The spreading of coronavirus disease 2019 (COVID-19) and lockdowns that started from Wuhan, China in January led to a severe economic contraction in the second quarter of 2020.

Recently various industries have seen drastic changes in the technology being used to perform daily tasks. As someone who has been working in the chemical industry for 30 years, Bill Patrick has witnessed the evolution of how projects, training, and day-to-day tasks have changed with the introduction of new technology. An Improvement Leader for Piping Technology at Dow Inc., Patrick has seen this technology in action, and has also been able to use and gain experience in this changing environment

A growing issue in the valve industry is choosing convenience over quality. More often, valves are being chosen for the wrong reasons and are being used for the wrong applications.

Traditionally, valve actuation has been less well publicized and potentially construed as less important in the world of flow control than valves. But that is changing, and at an accelerating rate. This article will explore market drivers, significant developments and emerging trends that are behind this refining focus on valve automation.