alhnaity,
Mind me for asking, What is the purpose of this question? it is really broad subject.
On which side of the (valve) industry you are? End user / valve manufacturer / service company / student?
On which part of the world you are? I personally see segregation (or even mixed up) of standard/reference for North America, South America, Europe, Scandinavian, Middle East, South East Asia, East Asia and Australia?
And finally Downstream or Upstream? What is the expected valve lifetime for your industry?
Oil and gas is not just oil and gas, there is water (brackish, cool, sea), catalyst, H2S, etc. Which all have different 'reaction' with material selection.
Hundreds of matrix should be follow through before selecting A valve.
Regards,
MR
Greenfield and Brownfield have one thing in common; Valve(s) is deemed to "run to fail" earlier shall compared to other equipments