February 2026 Equinor awarded SLB OneSubsea an EPC contract to upgrade the Gullfaks subsea compression system with advanced subsea modules and safety technologies, supporting high-integrity pressure protection and asset reliability in offshore operations.
January 2026 Valmet completed the acquisition of Severn Group, strengthening its flow control and critical valve portfolio used in safety instrumented systems, including High Integrity Pressure Protection System (HIPPS) applications.
September 2025 Yokogawa Electric and Sinopec Engineering Group signed a Memorandum of Cooperation to collaborate on global EPC projects, expanding the deployment of advanced industrial automation, safety instrumentation, and process protection systems.
June 2025 Yokogawa Electric released the next-generation CENTUM VP Integrated Production Control System, enhancing safety, reliability, and integrated process control for oil & gas, chemical, and energy facilities where HIPPS solutions are widely deployed.