Velan Returns to Profit as Backlog Grows and Ownership Change Looms
Velan Inc. reported a solid third quarter for fiscal 2026, with sales holding steady at $71.7 million and gross margins near 38%, while turning around last …
Trends & Forecasts
Atam Valves Clears API Q1 Audit, Eyes Global Expansion with Larger Valve Production
Atam Valves Limited has successfully completed the first audit stage (Q1 Certification) conducted by the American Petroleum Institute (API). The company …
Emerson and HeroX launch challenges to enhance reliability, accuracy and lifespan of flow measurement products.
HeroX, a platform and open marketplace for crowdsourced solutions, today announced the launch of two competitions — The Electrode Code and The …
SLB Unveils Groundbreaking New Agentic AI Technology for the Energy Industry at ADIPEC
SLB announced on November 3rd the launch of Tela™, an agentic AI assistant purpose-built to transform the upstream energy sector. Tela leverages agentic AI …
Velan’s Setback Was All About Timing, Not Demand
Sales at industrial valve firm Velan fell as shipments were pushed into next year, but a hefty order backlog and Middle East progress suggest brighter days …
Turning Engineering Standards into Digital Knowledge: New Research on Valve Design Ontologies
A new academic paper released on arXiv (here the complete paper) proposes a practical framework for translating complex engineering standards, …
Automation key to refinery resilience amid slowing oil demand and market volatility
The International Energy Agency’s latest Oil Market Report demonstrates a structural shift in the industry, accelerating the need for automation and …
New API report highlights broader global adoption of API standards
The American Petroleum Institute (API) released a new report, 2025 API Standards International Usage Report, detailing the growing international influence of …
Manufacturing procurement, operations leaders believe MRO should be a strategic initiative, Verusen survey shows
Verusen, a provider of AI-powered maintenance, repair and operations inventory optimization software, announced the findings of its “Future Strategies …
Valmet explains the impact of API 6D 25th edition
API 6D is one of the oldest and most renowned specifications in the valve industry. It undergoes periodic revisions to address concerns about ever-evolving oil …