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Mitsubishi-Hitachi Metals Machinery (MHMM) – an MHI group company – and Siemens AG reached an agreement that MHMM will acquire Siemens’ 49% stake in Primetals Technologies.

MetalMiner has long been a hub for daily global metals market news coverage. The industrial metals research firm now has launched its MetalMiner Insights platform, uniquely combining historic and current metals pricing with its forecasting and data analysis capability, to help industrial buying organizations make better metals buying decisions.

TCI Precision Metals recently announced the installation of the new OMAX 80X waterjet machining center. The new machine is faster and more accurate compared to any abrasive jet waterjet in the industry, which will help TCI Precision Metals shorten customer lead times, provide greater cutting efficiency, and reduce prices for the waterjet cutting services.

Equinor and the Johan Sverdrup partnership consisting of Lundin Norway, Petoro, Aker BP and Total, started production from the giant field in the North Sea, and NOK 40 billion below the original estimates in the Plan for development and operation.

Sverdrup Steel announced a contract award for global frame agreement with Aker Solutions. Aker Solutions provide subsea production equipment, offshore field design, ranging from concept studies and front-end engineering to subsea production systems.

Vallourec’s Supervisory Board met recently under the chairmanship of Vivienne Cox to discuss the succession plan for the Management Board whose terms of office expire on 15 March 2020.

Hilco Industrial, in partnership with National Machinery Exchange Inc., have announced the sale of a well-maintained Stainless Steel Coil Grinding & Polishing Line from Excelsior Steel Processing LTD.

Triangle Tube, the original innovator of the residential fire tube boiler, announces the appointment of five new technical staff member to it’s growing support team.

Sandvik Materials Technology has received a large order for advanced tubes for the oil and gas industry; OCTG tubes. The order was booked in the third quarter of 2019 and is valued at about 400 million SEK with deliveries scheduled as from the first half of 2020.

Equinor and its partners AkerBP and Wellesley Petroleum have found gas in the Ørn exploration well south-west of the Marulk field in the Norwegian Sea.