News

DNV GL forges ahead in enabling reduced subsea lead times

21/04/2015 / Best Practice / Components / Manufacturing / News / Steel / Subsea / Supply Chain

Steel forgings are important building blocks for subsea components and are often tailored to meet end-users’ specific requirements. This results in long delivery times and repeated follow-ups throughout the supply chain. With DNV GL’s new Recommended Practice (RP) 'Steel forgings for subsea applications' these requirements are now harmonised. The implementation of the RP will enable reduced lead times, enhanced stock keeping, interchangeability of forgings, and will help to improve and maintain consistent quality.

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Global cleanroom technology market expected to reach US$4.29 billion by 2020

21/04/2015 / Cleanroom / Hygiene / News / Pharmaceutical / Quality / Report / Safety / Technology

According to a new market report published by Persistence Market Research entitled 'Global Market Study on Cleanroom Technology: Consumables to Witness Highest Growth by 2020', the global cleanroom technology market was valued at US$3.15 billion in 2014 and is expected to grow at a CAGR of 5.2 per cent from 2014 to 2020, to reach an estimated value of US$4.29 billion by 2020.

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Shell to acquire BG – Implications for the North Sea

21/04/2015 / Acquisition / Investment / LNG / News / Offshore / Oil & Gas / Production / Shale / Takeover

Shell has announced an offer of a £47 billion (US$70 billion) acquisition of BG – the second biggest oil and gas deal on record after Exxon and Mobil's £51bn (US$75.3bn) merger in 1998. Shell and BG expect to make annual savings of £1.7bn (US$2.5 billion) and the combined company is estimated to be worth £180bn (US$266 billion). The transaction will create the largest independent LNG producer in the world, forecast to produce nearly a fifth of global LNG supply in 2017-18. The other major prize for Shell is BG’s Brazilian oil portfolio of mean total reserves and resources amounting to six billion BOE and gross production expected to peak at 2.6 million BOEPD.

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Sandvik to exhibit solutions to plant corrosion at Global Refining & Petrochemical Summit

21/04/2015 / Hydrocarbons / Netherlands / News / Petrochemicals / Refining / Summit

Sandvik has joined leading industry influencers at this year's 9th annual Global Refining and Petrochemical Summit for downstream industry experts, to help them stay abreast of the latest developments in the refining of hydrocarbons. The conference and expo commenced on 20th April at The Hague, Netherlands and will run until 22nd April.

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Propak East Africa 2015 hailed a 'resounding success'

21/04/2015 / Africa / Conference / Equipment / Exhibition / News / Packaging

The Propak East Africa exhibition and conference took place at the KICC in Nairobi for the second time to great reviews from exhibitors and visitors alike. With 2,235 individual industry professionals visiting the event over three days, the event has cemented itself as the industry exhibition for the East African region. A true portrayal of the industry as it stands in the region, the event hosted exhibitors from 19 different countries, and also ran a full day conference, which showcased various speakers, including Coca-Cola, and a packaging innovation panel discussion.

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