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The plan is part of a wider effort to diversify the economy and develop production for value-added petroleum products.
The number is up from the company’s 2016 estimate, according to Reuters. The wire service also reported that $134 bn will go to drilling and well services and another $78 bn to maintain oil output potential.
In November, Saudi Aramco announced that it would collaborate with…
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Major water technology company Xylem has entered into a definitive agreement to acquire all the issued and outstanding shares of Pure Technologies. The transaction has been unanimously approved by Pure’s board of directors, who now recommend the company’s shareholders vote in favour of the transaction.
The agreement will see Xylem acquire all issued and outstanding shares for CAD…
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Simplifying processes meant more efficiency and speed in operation.
Designed for the short-term storage of treated sludge, JP Concrete has completed six Cake Pads for Anglian Water, the first company to achieve 100% compliance under the Biosolids Assurance Scheme.
Totalling 580m in length of CL Agri 214 (2140mm high) pre-cast concrete wall panels, the new Cake Pads prevent liquids from escaping…
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Aesseal we’ll be exhibiting its CAPI range in booth 1413 at the Turbomachinery & Pump Symposia in Houston, Texas.
The Aesseal CAPI range is primarily utilised to suit the requirements of the oil, gas and petrochemical industries. The CAPI Type A, B and C seal range offers the user a range of API engineered sealing solutions to suit all application requirements. The category 1,…
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The new flowmeter is adapted to serve larger connections and provide visual verification of oil flow.
Titan Enterprises reports how it developed an adapted version of its OG5 flowmeter for a leading supplier of mobile rock crushers to monitor oil flow to the rotating cylinder bearing mechanism at the heart of their system. Industrial crushers are used in a wide range of materials…
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German chemicals giant BASF has announced that it is discussing a potential merger of its oil and gas activities with those of DEA, which belongs to Luxembourg-based investment fund LetterOne.
DEA was purchased by Russian billionaire Mikhail Fridman’s Luxembourg-based investment fund LetterOne in 2015 for €5.1bn, just before oil prices collapsed.
In an announcement made today (24…
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Trelleborg Sealing Solutions have launched a unique rotary seal which aims to achieve strong performance and reliability when running at greater speeds and higher temperature.
The new Turcon Roto Glyd Ring V is a double-acting rotary seal primarily intended for double-acting pressure applications within severe working conditions that require extended rotary service. According to a statement from…
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SNC-Lavalin has announced the agreement of a contract with Ecopetrol in Colombia for conceptual, basic and detailed engineering on high and medium complexity projects through to 2020.
Founded in 1911, SNC-Lavalin is a global, fully integrated professional services and project management company. It provides a broad range of project solutions, including capital investment, consulting, design,…
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Producers Midstream will use UOP Russell modular cryogenic equipment to process 200 million standard cubic feet per day of natural gas at its gas processing facility in the Delaware Basin in western Texas, according to a statement. UOP Russell is a wholly owned subsidiary of Honeywell.
Cryogenic units extract high-value natural gas liquids (NGLs) from natural gas streams by refrigeration to…
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Scientists in the US are developing an analysis tool to more accurately predict how sulphur compounds in crude oil might corrode equipment. The research aims to address a major safety issue for fluid handling in the oil industry.
According to a statement from the US Department of Energy, the results of the ongoing research at the Stanford Synchrotron Radiation Lightsource (SSRL) will contribute…
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A comprehensive map of all interbasin transfers (IBT) in the US has been created by researchers from the department of Civil and Environmental Engineering at Carnegie Mellon University (CMU).
IBTs are man-made transfers of water between naturally occurring watershed basins that are used to distributed water resources based on supply and demand, according to a statement from the CMU College of…
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A leading UK gasket manufacturer is set to unveil a new hi-tech production facility designed to supply the water treatment industry with innovative sealing products.
J.A. Harrison’s new, £2.8million (€3.2 million) installation houses the technology, machinery and manufacturing processes to create specialised sealing products for water treatment plants. It also incorporates a…
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Water technology company Xylem has reported a positive third quarter of 2017.
The newly published results show strong revenue, orders and earnings growth for the US based company. Xylem generated $1.2 billion in the third quarter, a 33% increase for the period year-on-year. The reported net income for the period was $105 million, or $0.58 per share. Adjusted net income for the quarter was $119…
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The oil and gas industry expects more new jobs to be created than lost over the next twelve months, according to newly published research from NES Global Talent and oilandgasjobsearch.com. If true, it’ll be the first time since 2014 the industry has had a net increase in jobs.
It is estimated that 440,000 jobs have been cut in the oil and gas sector worldwide since oil prices crashed in…
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The upcoming Aquatech Amsterdam (31st October – 1st November) exhibition will see a number of major companies coming together to share success and insights concerning industrial action on water sustainability.
Leading companies from across the oil & gas, food & beverage, paper, chemicals and pharmaceuticals industry will provide details of their water sustainability innovations in…
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Researchers have developed a mechanism for detecting molecular hydrogen at room temperature, using green light to illuminate a nanocrystalline composite sensor based on zinc and indium oxides.
A study detailing the research from scientists at the Moscow Institute of Physics and Technology has been published in the journal Science Reports.
Tracking atmospheric pollution remains a vital concern in…
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A Task Group Leader has been appointed for the American Society for Testing Materials team that will aim to develop an industry-wide standard for the safe transfer of liquefied gases using ship shore links (SSL).
Andrew Stafford, a technical director at Trelleborg’s marine systems operation, will head-up the ASTM’s new ‘Standard for Liquefied Gas Ship Shore Links’…
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From 31 October to 3 November 2017, Aquatech, Amsterdam will take place in the city’s RAI Exhibition and Convention Centre. The ‘world’s oldest and largest’ trade show on water technology, the event attracts companies from around the globe, including a host of major pump and valve manufacturers.
In a sign of just how popular the show has become since its first edition in…
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