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DNV GL, the risk management and system assurance company, has launched a venture fund in response to the challenges of the “decade of transformations,â€? which will be defined by the energy transition and the fourth industrial revolution.

2019 has marked a turning point for recovery as TUBACEX order intake demonstrates. Although far from pre-crisis levels it has experienced an increase of 30% in relation to the previous year.

SIJ Metal Ravne signed an agreement for the supply of a complete heat treatment plant with the international technology group ANDRITZ, including two ANDRITZ MAERZ® double-chamber furnaces, a charging machine and high-volume quenching tanks, as well as an automation system.

Nippon Steel Corporation (Nippon Steel) announced that it has reached an agreement with Vallourec S.A. (Vallourec), an important strategic partner in the pipe and tube business, regarding Nippon Steel’s participation in the share capital increase proposed by Vallourec in the form of a rights offering to subscribe to new Vallourec shares, with preferential subscription rights for existing shareholders (the Rights Issue).

Buehler, an ITW company, celebrated the 100th anniversary of its brand Wilson® Hardness. In 1920, Stanley Rockwell and Charles H.

Bechtel National, Inc., has awarded contracts valued at nearly USD 37.8M to Petersen, Inc., to supply engineered stainless-steel containers and a spare melter for Hanford’s Waste Treatment and Immobilization Plant, or Vit Plant.

Siemens has received an order from Belarus to supply equipment for a peak load power plant. The order was placed by the state-run energy provider RUE Minskenergo.

Solar Manufacturing built and shipped two furnaces to Tennessee, for service to the Medical and Additive Manufacturing industries.

In February 19, 2020 edition, Focus Money, a German business magazine reports on Germany’s “companies of the futureâ€?. For the first time, Lindlar-based stainless steel specialist Schmidt + Clemens (S+C) is named as a “Digital Champion – Company with a Futureâ€?.

The upstream sector accounted for the bulk of mergers and acquisitions (M&A) in the global oil and gas industry in 2019, generating some high-value transactions during the process.