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Oil & Gas news, June 2011

Schlumberger is buying the remaining 47.25% equity stake in Norwegian multiphase subsea pump and meter supplier Framo Engineering AS from Frank Mohn AS.

 

ITT Corp has signed a seven-year strategic partnership agreement with Saudi Arabian Oil Co (Saudi Aramco) to provide products and services, including pumps

 

Colfax Corp is closing its plant in Portland, Maine, with production of its Portland Valve products moving to the company’s facilities in Warren, Massachus

 

Sulzer Pumps has opened a new service centre for engineered and pre-engineered pumps in Al Khobar, Saudi Arabia to serve the local petroleum, power generat

 

The Weir Group plc is acquiring a majority interest in the South Korean valve business formerly operated by HIM Tech Co Ltd.

 

Amarinth has completed its new test facility at the pump company’s Rendlesham site in the UK, providing additional capacity to handle its ever increasing o

 

Lee Products, a UK producer of fluid control components has developed a high pressure relief valve designed for flow control applications that require a hi

 

Finland’s AxFlow Oy has bought the Finnish pump service and piping contractor TM-Palvelu Oy.

 

HMS Group company Hydromashservice has successfully conducted acceptance tests of new trunk pipeline pump units to be installed in the Purpe-Samotlor and E

 

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The mechanical seal company is investing almost US$16 million.

 
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Warburg Pincus is acquiring the centrifugal pump manufacturer from funds advised by BC Partners Advisors LP and The Carlyle Group.

 
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Ingersoll-Rand plc to spin off its Industrial segment (Ingersoll Rand Industrial) and combine it with Gardner Denver Holdings Inc.

 
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