INDUSTRY UPDATE
Fluor – JGC joint venture wins LNG Canada Phase 2 EPC contract
50.000 valves in stock.
siekmann-econosto. de
VALVE WORLD EXPO Hall 01 / Booth C58 01.— 03. December 2026 Messe Düsseldorf
A joint venture of Fluor Corporation and JGC Corporation has been selected to deliver engineering, procurement, fabrication, construction, and commissioning for Phase 2 of the LNG Canada export facility in Kitimat, Canada. The joint venture, operating as JGC Fluor BC LNG II JV and comprised of Fluor Canada Ltd( 50 %) and JGC Constructors( No2) BC Ltd( 50 %), received notice to proceed following LNG Canada’ s final investment decision( FID).
Fluor will recognize its US $ 7.5 billion share of the multibilliondollar contract in the third quarter of fiscal 2026. Phase 2 will include construction and commissioning of an additional liquefied natural gas( LNG) storage tank and two new liquefaction trains, doubling the facility’ s production capacity to approximately 28 million tonnes per annum. The expansion will enhance processing, storage, and shipping capabilities at the Kitimat site.
Select Water Solutions acquires Pilot Water in $ 700m deal
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Select Water Solutions is acquiring Pilot Water Solutions, a private water midstream company operating in the Delaware Basin, in a transaction valued at $ 700 million plus up to USD 15 million in contingent consideration. The deal combines USD 600 million in cash and USD 100 million in Select Water Class A common stock. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions and regulatory approvals, including expiration of the waiting period under the Hart-Scott-Rodino Act.
Pilot Water’ s infrastructure platform includes approximately 2.7 million barrels per day of active permitted disposal capacity, 0.9 million barrels per day of undeveloped permitted disposal capacity, and more than 700 miles of pipeline. More than 80 % of Pilot Water’ s annual revenue is backed by long-term contracts with an average tenor of more than seven years, including approximately 480,000 barrels per day of minimum volume commitments and 306,000 dedicated acres.
94 Valve World November 2026 www. valve-world. net