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Industry News

What’s happening and hot in the valve and actuation industry? Mergers and acquisitions, promotions, interesting development in end-user sectors, new project deals and so on.

Oil & gas industry contract value increased in 2022

The oil and gas industry had a y-o-y increase of 3% in overall contract value in 2022, despite a 4% fall in contract volume, says GlobalData.

ONGC, TotalEnergies sign MoU for oil & gas exploration

(ONGC said recently that it has signed a Memorandum of Understanding with TotalEnergies regards deep-water offshore strengths.

Flowserve introduces reduced port flanged ball valves

Flowserve Corporation has announced the release of the Worcester 51/52 Series Reduced Port Flanged Ball Valves.

IMI Saudi Industry’s new facility secures first framework agreement

IMI Saudi Industry LLC’s Damman facility has signed its first Corporate Procurement Agreement with Saudi Aramco.

UltraTech commissions projects

UltraTech Cement Limited has announced the commissioning of 1.30 mtpa cement capacity (Hirmi) and 2.80 mtpa grinding capacity (Cuttack).

Pressbolt expands its position in the Mena region

Pressbolt Middle East has signed an agreement with Adnoc to supply critical industrial products in their procurement pipeline.

Egypt, Jordan sign natural gas facility agreement

Egyptian and Jordanian ministers witness deal to provide natural gas delivery facilities to the industrial city of Quweira in Aqaba, Jordan.

Have you read the January issue of Valve World India & Middle East yet?

The January issue of Valve World India & Middle East is again packed with interesting articles and stories…

Emerson breaks ground on KSA control valve facility

Emerson is building an innovation and manufacturing hub at the King Salman Energy Park in Saudi Arabia, expanding its local capabilities.

HPCL aims to operate expanded capacity of its refinery

Hindustan Petroleum Corporation expects to operate its Vishakhaptanam refinery at an expanded capacity of 15 MTPA from the end of June.