(For such type of dual expanding plug valves, Flowteck Valve and Arflue have the same suppliers)

New research published by DNV GL reveals that optimism for growth in the oil and gas industry has weakened for this year. This comes amid uncertainty around the oil price and global economic conditions – the top barriers to growth reported by the industry.

As a pressure pipe component, the valve controls the connection and disconnection of the pipeline fluid. It is like a brake pad on a car. Once it is damaged, the consequences are unimaginable. Therefore, the service performance and service life of the valve directly affect the normal operation of the pipeline system.

Finnish investment company DevCo Partners has acquired Armatury Group, the leading Czech industrial valve manufacturer from its founders. DevCo will create a leading European provider of valve solutions for the energy sector by combining Vexve, a DevCo-owned district energy valve solution provider, with Armatury Group.