Policy News
Clariant announced its second quarter and first half year results where continuing operations sales were CHF $1.301 billion, compared to CHF $1.032 billion in the second quarter of last year.
This corresponded to an increase of 29% in local currency, 25% of which was organic, and 26 % higher sales in Swiss francs.
For the fifth sequential quarter, both pricing and volume growth…
Read More »
Read More »
ExxonMobil Corp shareholders have backed the energy company's energy transition strategy - voting against most proposals related to accelerating carbon emission cuts, Reuters reported.
Major oil producers in the US and Europe faced less hostile investor votes tied to climate change this year compared to a year ago as energy security and rising fuel prices overshadowed environmental concerns.
In…
Read More »
Read More »
The UK Government’s new energy bill should revolutionise the UK’s decentralised energy sector with the introduction of long-awaited regulation for heat networks and the establishment of a Future System Operator (FSO) to oversee electricity and gas markets, said the Association for Decentralised Energy (ADE).
The Queen’s Speech has set out the Government’s policies and legislation for…
Read More »
Read More »
bp intends to invest up to £18 billion (€21 billion) in the UK’s energy system by the end of 2030.
The company said this demonstrated bp’s firm commitment to the UK, and helping the country to deliver on its bold ambitions to boost energy security and reach net-zero.
As one of the largest oil and gas producers in the UK, bp intends to continue investing in North Sea oil and gas, while…
Read More »
Read More »
Cleaner and more affordable energy is to be made in Great Britain under bold plans to boost long-term energy independence, security and prosperity.
The UK government’s British Energy Security Strategy sets out how the country will accelerate the deployment of hydrogen, nuclear, wind and solar while supporting the production of domestic oil and gas in the nearer term – which could see 95% of…
Read More »
Read More »
Europe can cut its power sector gas consumption in half, reduce energy costs by €323 billion and increase energy independence by 2030 if it rapidly scales up its renewable capacity, according to a new report from Wärtsilä.
To tackle the energy crisis and enable rapid decarbonisation, the technology company is calling on European leaders to implement a monumental but achievable level of…
Read More »
Read More »
The EU and the US have signed a liquified natural gas (LNG) deal in a bid to reduce reliance on Russian energy.
The new agreement will see the US provide the EU with at least 15 billion additional cubic metres of LNG by the end of the year, the BBC reported.
The bloc has already said it will cut Russian gas use in response to Russia's invasion of Ukraine. Russia currently supplies about 40% of…
Read More »
Read More »
The UK Chancellor Rishi Sunak outlined plans to remove VAT on energy saving materials and technologies which he announced in his Spring Statement.
The Chancellor announced plans to scrap VAT on domestic energy saving measures including insulation, solar panels and heat pumps.
Sunak confirmed that from April VAT is to be scrapped entirely on the installation of a range of energy saving measures…
Read More »
Read More »
Global water technology company Xylem has announced that it will move its headquarters to Washington DC.
Speaking about the relocation, Patrick Decker, president and CEO of Xylem, said, “Washington DC is an important global crossroads for the diverse set of stakeholders who work together towards solving water challenges around the world.
“As a leading global water innovator, we know that…
Read More »
Read More »
Grundfos has announced it is halting all of its production and sales activities across Russia following the invasion of Ukraine.
This decision means that no products will be delivered in Russia, and no new orders will be accepted for the time being.
Ukraine and Russia are both important markets for Grundfos.
The Danish pump manufacturer has a sales company with 30 employees in Ukraine, and a…
Read More »
Read More »
Shell has announced its intention to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and liquefied natural gas (LNG) in a phased manner.
The oil and gascompany will also stop all spot purchases of Russian crude oil. It will also shut its service stations, aviation fuels and lubricants operations in Russia.
Shell CEO Ben van Beurden said:…
Read More »
Read More »
Canada has embarked on an ambitious transformation of its energy system, and clear policy signals will be important to expand energy sector investments in clean and sustainable energy sources, the International Energy Agency (IEA) revealed.
To support those climate and energy targets, governments in Canada have in recent years worked on a number of policy measures, including an ambitious…
Read More »
Read More »
Environmental Defense Fund Europe has welcomed the European Commission's new legislative proposal to reduce methane pollution in the energy sector.
While the package offers important technical measures for operators within the EU, the organisartion said, it was silent on the vast majority of Europe's methane footprint, which comes from imported natural gas.
Jill Duggan, executive director,…
Read More »
Read More »
Europump is partnering with the European Valve Association (CEIR) and the European Compressed Air Association (Pneurop) at their respective annual meetings next year in Brussels.
Running across three days, from 9 to 11 May, the three organisations will deliver a Joint EU Policy Conference.
In updating its New Industrial Strategy proposed in 2020, the European Commission has further indicated…
Read More »
Read More »
Shell has announced plans to move its headquarters to the UK as part of proposals to simplify the company's structure.
The oil giant will ask shareholders to vote on shifting its tax residence from the Netherlands to the UK, according to reports on the BBC.
It also wants to do away with its dual share structure in favour of just one class of shares to boost "the speed and flexibility" of…
Read More »
Read More »
Europump which represents 16 national pump associations in 12 EU member states, Russia, Switzerland, Turkey, and the UK has lent its support to an important industry statement relating to the European Machinery Directive.
The Machinery Directive is an important piece of legislation for the European manufacturing industry.
Since its original publication in 1989, and subsequent revisions up to…
Read More »
Read More »
Wanner International’s new technical centre of excellence in industrial pump development has opened.
The purpose-built facility enables the UK-based company to deliver enhanced service capabilities including system design and custom pump builds and performance testing.
The company has invested in this 5,000ft2 facility to increase capacity to meet the growing global demand for its services,…
Read More »
Read More »
The Association for Renewable Energy and Clean Technology (REA) has said that volatile global gas prices have demonstrated the urgent need to diversify and decarbonise the UK’s domestic energy system.
Industry group Oil & Gas UK said wholesale prices for gas are up 250% since January - with a 70% rise since August.
Exposure to global market prices is of particular concern to the UK, which…
Read More »
Read More »
CONNECT WITH US
Latest Video
Catalyst for Change: Sustainable and Efficient Flow Control for the Chemical Industry
Technology company @ovarro_ltd is expanding its global #channel partner network as utilities worldwide galvanise their efforts to tackle #water loss and strengthen #digital capability.
https://fluidhandlingmag.com/news/ovarro-expands-leakage-and-process-control-partner-network/
#fluidhandling #pumps #pipelines #valves
Bandlock™2 Quick Opening Closures from @GD_Engineering are available in diameters of 90 inches and above, offering the potential to realise significant project savings in engineering time.
https://fluidhandlingmag.com/news/pressure-vessel-access-solutions-to-support-black-powder-filtration-and-pigging-operations/
#fluidhandling #oilandgas #technology #pipeline