Weir Group close to selling pumps and valves business unit for about $390 mln
Engineering company Weir Group is close to selling a unit, which supplies pumps and valves to power and oil and gas industries, for more than 300 million …
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Toyo awarded petrochemical project in Russia
Toyo Engineering Corporation has been awarded a contract to build a 650,000 t/y ethylene and polyethylene plant located in Ust-Kut, Irkutsk region, Russian …
Proserv acquires SGC Metering from Petrofac
Proserv has announced the acquisition of SGC Metering from Petrofac. SGC Metering is a specialist in the design and manufacture of flow computer metering …
Eni’s CEO looking at possible new investments in Iraq
The Deputy Prime Minister of Iraq, Mr. Thamir A. Al Ghadhban, and the Chief Executive Officer of Eni, Claudio Descalzi met in Baghdad yesterday. Eni’s …
Claxton expands Norwegian base in response to industry demand
Claxton, a leading supplier of engineering and services for shallow-water, jackup-depth markets in subsea services group Acteon, has opened a new office in …
Interventek launches Revolution PowerPlus safety valve technology
Subsea oil and gas engineering firm, Interventek, will unveil the development of the industry’s first subsea shear-and-seal safety valve powered by an …
Chevron to buy $350 mln Texas refinery from Petrobras
Chevron announced that it has signed a Share Purchase Agreement with Petrobras America to acquire all the outstanding shares and equity interests of Pasadena …
TechnipFMC awarded a large contract for ExxonMobil refinery expansion project in the USA
TechnipFMC has been awarded a large (between $500 million and $1 billion) reimbursable contract by ExxonMobil for detailed engineering, procurement, and …
Gazprom looks to attract $14 billion for Russia’s biggest gas processing plant
Gazprom is in discussions with banks as it looks to attract in 2020 project financing of $14 billion for the construction of its Amur gas processing plant, …
Circor announces sale of non-core reliability services business for $85 million
Circor International announced the sale of its Reliability Services business to an affiliate of RelaDyne LLC, a leading provider of lubricants and industrial …