Metrus celebrates 50 years in the business
Metrus has been celebrating its golden anniversary this year. The company was founded by Lothar Seer in 1970 as LS-Mechanic and has produced more than 2,000 …
Business & Management
Abu Dhabi Funds invest USD2.1 billion in Adnoc gas pipelines
Abu Dhabi government institutional investors are paying $2.1 billion for a stake in a natural gas pipelines unit run by Abu Dhabi National Oil Co. Abu Dhabi …
McMenon opens manufacturing unit in Saudi Arabia
UK-based McMenon Engineering Services has launched the first British manufacturing facility of flow and temperature instrumentation in Saudi Arabia. The …
Wood secures USD75m contract with Equinor
Wood has further strengthened its relationship with Equinor by securing a new contract to support the international energy company’s operations at the …
PJ Valves signs two Brazilian FPSO supply deals
PJ Valves (PJV), a specialist manufacturer and supplier of valves for the global energy industry, has been awarded two significant FPSO valve contracts for …
Petrofac management and Board changes, Asfari to retire
Petrofac announced that Ayman Asfari has decided to retire as Group Chief Executive at the end of the year to focus on his family, health and charitable …
Velan announces changes to its Board
Velan announced that Mr. James Mannebach has been appointed Chairman of the Board. The outgoing Chairman of the Board, Tom Velan, will continue to serve as a …
Hyundai E&C, Technip lead groups in bids to expand Vietnam refinery
Two consortiums led by Hyundai Engineering & Construction and Technip Italy are bidding for a $1.8 billion project to upgrade and expand Vietnam’s Dung …
Velan awarded major offshore valve contracts in Asia totaling over USD30 million
Velan Inc.’s wholly owned subsidiary Velan ABV, located in Lucca, Italy, has been recently awarded important contracts for the supply of multiple …
Schlumberger local content collaboration in Qatar
As part of the company’s ongoing commitment to developing local content, Schlumberger has signed a memorandum of understanding with Milaha, a Qatar based …