Flowserve Corp. Company News

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Shell Awards Prelude FLNG Contract
Tuesday, August 13, 2019 Shell Australia has awarded Flowserve a five-year contract.

Flowserve Opens Pump Manufacturing Plant in Coimbatore, India
Friday, March 14, 2014 Flowserve opens a pump manufacturing plant in Coimbatore, India to support local operations and provide pump products for Asia Pacific.

Flowserve Clinches Contract for Shell's Malikai Oil Project off Sabah
Thursday, March 06, 2014 Flowserve clinches contract to supply water injection and liquid transfer pumps for the Shell-operated Malikai oil field project off Sabah, Malaysia.

Flowserve Unveils New IPS Beacon Condition Monitor
Friday, June 15, 2012 Flowserve announces the launch of its new IPS Beacon condition monitoring device at the ACHEMA 2012 World Exhibition Congress on the Process Industry in Frankfurt, Germany.

Flowserve Briefs Operational Changes
Wednesday, January 11, 2012 Flowserve announced a new operational leadership structure, resulting in senior leadership changes, and certain 2011 financial data.

Flowserve Receives Pump Order for ADCO's Bida Al Qemzan Field
Tuesday, November 30, 2010 Flowserve received an for MP1 multiphase pumps from ADCO for the Bida Al Qemzan field development project.

Flowserve Opens Compressor Seals Test Lab in Brazil
Thursday, July 01, 2010 Flowserve has opened an important test laboratory for compressor seals in Macae, Brazil.

Flowserve Builds New Response Centers Internationally
Tuesday, June 29, 2010 Flowserve announced the opening of new Quick Response Centers (QRC) in Quang Ngai Province, Vietnam; Helsinki, Finland; and Martigues, France.

Flowserve Valve to Reduce Cost, Increase Plant Uptime
Tuesday, June 22, 2010 Flowserve introduced the Flowserve Worcester Series 608 three-piece ball valve.

Flowserve Releases New Digital Positioner
Thursday, March 25, 2010 Flowserve has released the Flowserve Logix 3400MD, the newest member of the Logix series digital positioner family.

Flowserve, Shell Successfully Test Subsea Multiphase Pump
Friday, March 19, 2010 Flowserve, in partnership with Shell, has successfully completed factory testing of a twin-screw pump, designed specifically for high-boost subsea multiphase pumping applications.

Flowserve Teams Up with Valbart to Manufacture O&G Valves
Thursday, December 17, 2009 Flowserve has entered into a joint venture agreement with Valbart Srl, an Italian manufacturer of high performance valves.

Flowserve Names Next President, CEO
Monday, August 31, 2009 Flowserve announced that its Board of Directors has named Mark A. Blinn, 47, as its next President and Chief Executive Officer, beginning October 1, 2009 and as a member of the Board of Directors, effective immediately.

Flowserve Declares Quarterly Cash Dividend
Wednesday, August 26, 2009 Flowserve announced that its Board of Directors has authorized the payment of a quarterly cash dividend of $0.27 per share on the company's outstanding shares of common stock.

Flowserve's Pumps to Boost Shell Output Offshore Sabah
Monday, July 27, 2009 Flowserve was awarded an order of approximately $8 million for pumps by Shell Malaysia Exploration & Production to aid in the oil recovery efforts for the St. Joseph field, located in the South China Sea.

Flowserve Wins Pump Orders to Support Petrobras' Plangas Initiative
Tuesday, June 16, 2009 Flowserve's Brazilian subsidiary has received several related orders worth a total $18.4 million from Petrobras

Flowserve Names Freeman VP, Treasurer
Monday, May 18, 2009 Flowserve announced that Dean P. Freeman has been named Vice President and Treasurer.

Flowserve Names VP Financial Planning & Analysis, Investor Relations
Monday, May 18, 2009 Flowserve announced that Paul W. Fehlman has been named Vice President Financial Planning & Analysis and Investor Relations.

Flowserve Reports Record Q1 Earnings Per Share
Wednesday, April 29, 2009 Flowserve Corp. has announced record first quarter results in earnings per share, sales and operating income for the first quarter of 2009.

Flowserve Honored for Growth Excellence
Monday, April 13, 2009 Flowserve has earned a Frost & Sullivan Best Practices Award as the 2009 Global Centrifugal Pumps Growth Excellence Company of the Year.

Flowserve Expands Business in Saudi Arabia with New JV
Tuesday, February 24, 2009 Flowserve signed a joint venture agreement with S&A Abahsain Co, which increases Flowserve's presence in the Kingdom by adding local valve and actuator manufacturing capabilities.

Flowserve Appoints Rosene Chief Sustainability Officer
Tuesday, February 17, 2009 Flowserve has named Lars E. Rosene as chief sustainability officer in addition to his current role leading global communications and public affairs.

Flowserve Technology Extends Field Life of Ursa/Princess by 10 Years
Wednesday, December 10, 2008 Flowserve's deep water injection centrifugal pumps will inject high pressure into the sea bottom field at Shell's Ursa/Princess Waterflood project to force out otherwise unrecoverable oil.

Flowserve Signs on to Supply Products, Services to Saudi Aramco
Monday, November 24, 2008 Flowserve Corporation has signed a 10-year strategic supplier agreement with Saudi Aramco which includes Flowserve's entire range of flow control products and value-added services.

Flowserve Nods Payment of Quarterly Cash Dividend
Friday, August 15, 2008 Flowserve authorized the payment of a quarterly cash dividend of $0.25 cents per share on the Company's outstanding shares of common stock.

Flowserve Continues to Grow Presence in Asia-Pacific Region
Monday, March 10, 2008 Niigata Worthington, a premier manufacturer of certain Flowserve pumps and other rotating equipment, reported sales of approximately $64 million in 2007.

Flowserve and China's Sinopec Sign Strategic Cooperation Agreement
Monday, February 25, 2008 "This is a very important strategic agreement for Flowserve considering Sinopec is one of the largest crude oil and natural gas producers in China, the leading petrochemical producer and distributor in China."

Flowserve Wins Major Pump Order for Pearl GTL Project
Thursday, December 06, 2007 Flowserve has won major pump orders for the fully integrated Pearl GTL facility being developed by Qatar Petroleum and Shell on the eastern coast of Qatar in Ras Laffan Industrial City.

Combined Efforts Help Create Compressor Dry Gas Seal Retrofit Program
Monday, November 05, 2007 WGLIT and Flowserve have entered a cooperation agreement to establish a compressor dry gas seal retrofit program.

Bjorge Acquires Aker Kvaerner's Topside Pumps Activities
Monday, April 23, 2007 Bjorge ASA has signed an agreement with Aker Kværner Subsea AS to acquire its activities within topside pumps.

Flowserve Resumes Regular Quarterly Dividends
Friday, March 02, 2007 The board of Flowserve Corp. has authorized the payment of a quarterly cash dividend of 15 cents per share on the company's outstanding shares of common stock.

Flowserve Announces Record Third Quarter 2006 Bookings
Tuesday, October 10, 2006 Flowserve Corp. reported third quarter 2006 bookings increased to about $900 million, surpassing the previous third quarter record of $794 million set in 2005.

Flowserve to Repurchase $2 Million in Stock
Monday, October 02, 2006 Flowserve's board of directors has authorized the company to repurchase up to 2 million shares of its outstanding common stock, beginning after its planned November filing of its third quarter 2006 Form 10-Q with the SEC.

Flowserve Launches the Logix 3400IQ
Wednesday, September 20, 2006 Flowserve announces the launch of the Flowserve Logix 3400IQ Foundation Fieldbus digital valve positioner.

Flowserve Dedicates Shop Near Shanghai
Monday, August 07, 2006 Flowserve Corp., a leading provider of fluid motion and control products and services, held a dedication ceremony Monday at its new pump, valve and seal manufacturing facility in Suzhou, China.

Flowserve Announces Record Q2 Bookings
Wednesday, July 12, 2006 Flowserve Corp. on Wednesday reported second-quarter bookings of approximately $900 million for 2006—an unprecedented second-quarter figure for the company. The Dallas-based firm also repaid $25 million of debt during the period.

Flowserve Acquires HydroTechnik Olomouc
Tuesday, June 20, 2006 Flowserve Corp. has acquired HydroTechnik Olomouc, s.r.o., a privately held mechanical seal manufacturer based in Olomouc, Czech Republic. Terms of the deal were not disclosed.

Al Rushaid/Flowserve to Build Middle East's Largest Pump Facility
Tuesday, June 06, 2006 Al Rushaid Group and Flowserve have agreed to build the largest original equipment manufacture (OEM) pump repair, manufacturing and training facility in the Middle East.

Flowserve Names Kling Chief Operating Officer
Tuesday, July 06, 2004 Flowserve Corp. named Lewis M. Kling to the newly created position of chief operating officer.