Iraq to nationalise West Qurna 2 oilfield operations, Chevron and Quantum bid for Lukoil
The Iraqi cabinet has approved nationalising the petroleum operations in the West Qurna 2 oil field, in accordance with the provisions of a service contract …
Valve Industry
Emerson Named IIOT Company of the Year
Emerson announced it has been named the “2026 Industrial IoT Company of the Year” in the 10th annual IoT Breakthrough Awards. With its 2025 acquisition of …
AVK announces the acquisition of PetrolValves S.p.A.’s manufacturing site for triple offset valves
AVK Industrial Solutions S.r.l., announces the acquisition of PetrolValves S.p.A.’s manufacturing site of triple offset valves in Piacenza, Italy. AVK …
Valmet Supplies Control Valves for Electric Boilers at Tampere’s Lielahti Power Plant
Valmet has supplied Neles™ RE segment control valves for electric boilers and district heating accumulators at the Lielahti power plant operated by Tampereen …
GEA to Acquire Denmark’s Hydract, Adds Water-Hydraulic Valve Technology to Portfolio
GEA has entered into an agreement to acquire Hydract A/S, a Denmark-based specialist in water-hydraulic process valves. The transaction is expected to close by …
Baker Hughes secures liquefaction equipment contract for Commonwealth LNG
Energy technology company Baker Hughes has secured a contract to supply the liquefaction equipment for Commonwealth LNG, a 9.5 million tonnes-per-year …
Technip Energies completes acquisition of Ecovyst’s Advanced Materials & Catalysts business
Technip Energies (PARIS:TE) announces completion of its acquisition of the Advanced Materials & Catalysts (AM&C) business from Ecovyst Inc. (NYSE: …
Saipem: new offshore contract for Sakarya gas field development worth approximately 425 million USD
Saipem has been awarded a new offshore contract by Turkish Petroleum OTC for additional activities as part of the extension of the third phase of the Sakarya …
Aramco Awards SLB Long-Term Contract to Support Kingdom’s Unconventional Gas Production Growth
Global technology company SLB has been awarded a five-year contract by Aramco to provide stimulation services for its unconventional gas fields. This award is …
Valmet to buy US industrial valve company Severn for $480m
Valmet, a global technology leader serving process industries based in Finland, has entered into a deal to acquire Severn Group, a well-established industrial …