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TechnipFMC awarded a large iEPCI contract

TechnipFMC (FTI) has been awarded a large integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Aker BP (AKRBP) for its Utsira High development. The contract brings together three projects that will tie back to the Ivar Aasen and Edvard Grieg production platforms. TechnipFMC will engineer, procure, construct, and install the subsea production systems, controls, […]

Transocean announces USD 400M contract award

Transocean has won a contract worth upwards of USD 400M for its ultra-deepwater drillship Dhirubhai Deepwater KG2 for operations offshore Brazil. Transocean confirmed the Dhirubhai Deepwater KG2 has been awarded a 910-day contract by a mystery national oil company for work offshore Brazil. The estimated USD 392M order backlog, which equates to a day rate […]

DeZURIK’s valves for wastewater treatment plant

DeZURIK is proud to be a supplier of valves for the Montreal Wastewater Treatment Plant expansion in Australia.. The plant is currently the third largest in the world, and when this 10-year expansion is complete, it will be the biggest ozonation facility in the world. DeZURIK valves going into the facility include 36” & 48” […]

Baker Hughes collaborates with Arcelor Mittal

The Arcelor Mittal 3D project, launched in 2019 in Dunkirk, France, involves capturing carbon dioxide contained in the blast furnace using a chemical solvent and extracting the CO2 and reducing the pressure. This process allows the CO2 to be re-used in the furnaces or stored, and yields heat that can be used to reduce the […]

Metso Boosts

The KSB Group supplied valves for a new steam power plant is currently being built in Barh, in the Indian State of Bihar. The complete order comprised 6,580 gate valves, globe valves and check valves as well as other types of valves worth a two-digit million Euro. About one third of these valves are manufactured […]

Idex Corporation

Flowserve Corporation, a provider of flow control products and services for the global infrastructure markets, has submitted a binding offer to acquire the equity of SIHI Group, a global provider of engineered vacuum and fluid pumps and related services, from TBG Europe for consideration of approximately EUR 298M. Flowserve anticipates funding the transaction with cash […]

Arcelormittal Awarded

Oswal Industries Limited (OIL), an Indian manufacturer of gate, globe, check, ball, cryogenic, and pressure seal valves, has won a USD 1.5 Million export order for an Exxon Mobil LNG Project in the US. OIL will supply cryogenic valves covering the size range of 3” to 24” and pressure rating of 150# to 600#. The […]

Purchases by OEMs

Next year former Soviet Union countries will spend just under $4 billion for industrial valves. .Russia accounts for the majority of the purchases. The Ukraine has significant purchases. Due to the problems with Russia and concern about Russian gas supply, Ukraine is building two large coal gasification plants. Each plant will have more than 10,000 […]

Oil Prices

East Asian purchases of valves for nuclear power plants will boost the market for valves in the nuclear industry to over $2.4 billion by 2017.In 2017 China and other East Asian nuclear valve purchasers will spend $755 million. This represents over 30 percent of the anticipated total purchases in 2017. Western Europe expenditures will exceed […]

KSB invests

The KSB Group is investing €12 million in its La Roche-Chalais factory in the west of France to strengthen and extend the company’s position in the global cryogenic valve market