India wants to build up a State-owned oil giant
Indian Finance Minister Arun Jaitley declared the will of the Asian Country to create one giant oil company by merging many or all the various State-owned oil …
Business & Management
Saudi Aramco shelves investment decision for Rapid project
Saudi Aramco allegedly suspends plans for a partnership with Petronas, Reuters cites industry sources. The project with an estimated volume of $ 27 billion …
SPX Flow builds plant to serve European market
SPX Flow has recently expanded production capabilities by opening a new manufacturing campus in Poland. The US based company manufactures and markets hygienic …
Pentair announces acquisition of Union Engineering
Pentair plc announced that it has completed the acquisition of Union Engineering A/S, headquartered in Fredericia, Denmark. Union Engineering specializes in …
South Africa’s Gunric Valves acquired by AVK
AVK Holding Southern Africa confirmed that on the 27th December 2016, it acquired the assets, IP and brand name of Gunric Valves. AVK Holding South Africa will …
The Weir Group has decided to relocate its Delta Industrial valves manufacturing operations
The Weir Group PLC has decided to relocate its Michigan-based Delta Industrial™ valves manufacturing operations to an existing manufacturing facility in St, …
Shell exits third Saudi project after ending Sabic venture
Saudi Basic Industries Corp. agreed to buy out Royal Dutch Shell Plc’s 50 percent stake in a petrochemical joint venture for $820 million, marking the third …
Metso announces new distributor model for Italy
Metso has decided to change its distribution model for Italy. As of January 1, 2017, there will be three exclusive distributors covering the whole of Italy. …
Clarke Industrial Engineering announces agreement with Curtiss-Wright Corporation
Clarke Industrial Engineering (Clarke) announced it has entered into a licensing agreement with Curtiss-Wright Corporation (Curtiss-Wright), whereby Clarke’s …
A giant is born as FMC and Technip combine
Texas and France came together Tuesday as FMC Technologies of Houston and Technip of Paris completed their merger, creating the world’s largest offshore …