Oil and Gas News


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Jul 30, 2019
Valves
The Weir Group has released its interim results for the first half of 2019, reporting operating profits of £172 million (€187.6 million), an increase of 5%. The Glasgow-headquartered engineering company highlighted a 17% order growth for H1, benefitting from its recent portfolio transformation. The sale of its Flow Control business was completed for an enterprise value of £275 million…
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Jul 29, 2019
Pumps
Upstream pumping equipment provider Weir Oil & Gas has introduced a new frac pump, the SPM® Quintuplex Extended Max (QEM) 5000 E-Frac Pump. The frac pump is the industry’s first continuous duty 5,000-horsepower pump designed for electric or gas turbine-driven applications. Demands at frac sites have increased over the past few years; lateral lengths are now 43% longer, the number of…
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Jul 25, 2019
Pipelines
Natural gas infrastructure provider Williams has acquired and placed into service the Norphlet deepwater gathering pipeline system, constructed by Shell Offshore and CNOOC Petroleum Offshore. The 16-inch pipeline extends 54 miles from the Shell-operated Appomattox floating production system at a depth of 7,400 feet to the Transco Main Pass 261A junction platform, located south of Mobile,…
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Jul 23, 2019
Pipelines
Technology and engineering company Emerson has completed its $48 million (€42.9 million) contract for automation systems and cloud engineering SaaS for BP’s Shah Deniz 2 project in Azerbaijan. It will continue to carry out a five-year services contract to ensure reliable, safe operations at the project, which includes the first subsea development in the Caspian Sea. Emerson will help to…
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Jul 12, 2019
Pipelines
Growing supply of Permian crude means the basin will need extra crude oil takeaway capacity of up to 500,000 barrels per day (bpd) by the end of next decade, according to new research from global natural resources consultancy Wood Mackenzie. A moderate overbuild of pipeline capacity is expected in the early 2020s as the current wave of pipeline investments are completed, with midstream operators…
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Jul 15, 2019
Pumps
Ebara Corporation has completed construction of its new Components Development and Innovation Center, which will play a critical role in the development and testing of dry vacuum pumps and gas abatement systems. The facility, known as the V6 Building, is due to begin full operations in October 2019. With an investment of approximately 1 billion yen (€8.2 million), the facility is located in…
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Jul 19, 2019
Level Monitors
Level measurement solutions provider Emerson has enhanced its Rosemount 5300 Guided Wave Radar Level Transmitter to optimise separation process performance and prevent costly product ingress. The enhancement enables the accurate measurement of a thinner top liquid layer in interface application, according to the company. The Rosemount 5300 is now able to perform measurements to the top of a…
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Jul 16, 2019
Other
Brazilian petroleum company Petrobras has announced the beginning of the non-binding phase related the start of its sale of downstream assets and associated logistics in Brazil. The assets to be sold include the refineries Abreu e Lima (RNEST) in Pernambuco, Landulpho Alves (RLAM) in Bahia, Presidente Getúlio Vargas (REPAR) in Paraná, and Alberto Pasqualini (REFAP) in Rio Grande do…
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