NewTek Sensor Solutions offers new, custom designs of Submersible Linear Position Sensors constructed of special alloys with chemical resistance to water in depths exceeding 15,000 ft or more and with external pressures up to 20,000psi. NewTek…
Tip #5: Condition Monitoring - If it isn’t broken, let it beContrary to popular belief, machines running smoothly should never be left alone. Regular hydraulic oil sampling will give insight to the overall systems health. Key indicators in the…
Caspian Sunrise, an oil and gas firm focused on Kazakhstan, has completed the acquisition of the Caspian Explorer drilling vessel, marking the company's step into offshore drilling.The company, mostly focused on onshore oil and gas activities…
Norwegian oil company Equinor said Monday that its LNG plant, damaged in a fire on September 28, would be closed for up to a year for repairs.To remind, Equinor earlier this month said it expected to resume operations at the plant that processes…
U.S. oil and gas company Talos Energy has started producing oil from its Bulleit field, in the Green Canyon 21 block in the U.S. Gulf of Mexico.The news of the production startup from the field sitting in 365 meters water depth was shared on Monday by Talos' partner in the block…
U.S. buyout group Carlyle Group Inc is nearing an agreement to acquire Siemens AG's mechanical drive arm Flender, for about 2 billion euros ($2.37 billion), Bloomberg News reported citing sources.Siemens and Carlyle are finalizing terms of the deal that could be announced as early as this week…
Danish offshore wind farm giant Ørsted has signed a deal to sell gas to Polish Polish PGNiG Supply & Trading (PST), under a multi-year contract. Under long-term gas purchase agreements, Ørsted buys some of the natural gas produced by Dansk Underground…
Tip #4: Oil Temperature - Assume that 'running hot' is normalDuring warm summer months, with reasonable certainty, high machine temperatures will follow. This is especially true if using air oil heat exchangers. Dismissing this expectation may allow operators to prevent down time…
Oil and gas company Energean has agreed to buy a Field Support Vessel (FSV) from Prime Marine Energy for $33.25 million.Energean will use the vessel for work in Israel where it is working to bring online the Karish offshore gas field.'The FSV…
Australia’s Santos Ltd said on Thursday third-quarter revenue slid nearly 23%, hit by a drop in realized gas prices because of the COVID-19 pandemic.The country’s no. 2 independent gas producer said sales revenue came in at $797 million for the quarter ended September…
Australian oil and gas company Karoon Energy said Friday that the Brazilian national oil regulator ANP had approved, with conditions, Karoon's acquisition of the Bauna offshore field from Petrobras.The field is located in shallow waters in the Santos Basin in concession BM-S-40…
The number of unsold November-loading Angolan crude cargoes fell further on Thursday, traders said, while the Nigerian market was steady.ANGOLAOnly one cargo of CLOV remains unsold after the other found a buyer on Thursday. Details of the cargo's destination were not known…
Norwegian oil and gas company OKEA has received approval to acquire offshore blocks in the North Sea in Norway containing the Aurora gas discovery.OKEA announced the agreement to buy Equinor’s 40% operated working interest in PL195 and PL195 B…
Spanish green energy company Iberdrola reported 4.7% net profit growth for the first nine months on Wednesday and said it still expected that metric to rise at a mid to high-single digit rate this year.Boasting more than 32GW of renewable generation capacity in markets including Spain…
Baker Hughes Co reported a third straight quarterly loss on Wednesday, as a coronavirus-induced slump in commodity prices continued to hurt demand for equipment and services.Producers have been drilling fewer wells following a collapse in crude…
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