Technology improvements driving down Permian Basin oil production costs
Oil production in the Permian Basin has nearly doubled since early 2016 thanks to technology improvements and there are no signs of slowdown in the short- or long-term.
The era of air insulated switchgear has passed
Adjusting to the new normal in the oil & gas industry means increased innovation alongside operational discipline and re-evaluating medium-voltage switchgear applications.
Vertical multi-stage pump for limited space applications
ITT Goulds Pumps' VICR is a vertical multi-stage low flow, high-head pump is a compact pump for high-head applications with limited space.
VFDs: six benefits, energy efficiency
Drives: A growing emphasis on boosting energy efficiency and meeting energy requirements are increasing demand for variable frequency drives (VFDs).
Digital twins support FPS asset integrity management
Strength comes from global performance model integrated with measured data.
Equipment finance sector reporting growth in 2018
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed overall new business volume for August was $8.9 billion, up 14% year-over-year from new business volume in August 2017.
Optimizing pump reliability and performance
Taking a proactive approach and involving an expert maintenance provider can allow offshore platform operators to deliver significant benefits to their business in the long term.
Largest modular cryogenic gas processing plant introduced
Honeywell announced its UOP Russell business has introduced a high-recovery cryogenic gas processing plant that is 50% larger than other pre-engineered plants currently available and is designed to recover more than 99% of high-value ethane from natural gas.
Contract entered for deepwater Gulf of Mexico project
Oceaneering announced it entered into a contract with Subsea 7 to supply an umbilical and flying leads for Shell's deepwater Vito development in the Mississippi Canyon area of the U.S. Gulf of Mexico.
Commercial and industrial lubricant demand in U.S. to rise
Commercial and industrial lubricant demand in the US is projected to grow 1.0% annually thanks to an increase in active oil and gas rigs in the U.S., which use engine oil and fluids for lubrication.