Drop In Gas Prices Weighs On Outlook For Canadian Drillers
Canadas oil industry earnings are expected to decline 19% over the course of 2023.Falling natural gas prices is one of the main culprits behind the more negative outlook.Still, despite the grim earnings outlook, Wall Street still believes that Canadia…
Using High Chrome Pumps in the Mining Wastewater Industry
Industrial mining is a gritty business, and the pumps used to dewater sites and move slurries bear the brunt of the wear. Slurry pumps with high-chrome iron wear parts are purpose-built to extend the life of integral components even while working with…
U.S. oil industry flags concern about EPA's methane 'super emitter' plan
WASHINGTON, Feb 13 (Reuters) - U.S. oil industry groups said on Monday they are concerned the Biden administrations proposed plan to crack down on methane emissions gives too much power to environmental advocacy groups, by forcing companies to react w…
Oil falls on demand concerns as impact of Russian output cut fades
SINGAPORE, Feb 13 (Reuters) - Oil prices eased on Monday after rising 2% in the previous session as investors shrugged off the impact of Russian output cuts, instead focusing on short-term demand concerns stemming from refinery maintenance in Asia and…
When is a Rigid Coupling Used for Pumps?
When is a rigid coupling used for pumps?A rigid coupling, as the name implies, lacks flexibility, allowing no misalignment between shafts; therefore, their installation is based on tight dimensional requirements and fits. The rigid coupling connects …
Finding Problems With Valves Using Ultrasound & Thermography
Using ultrasound and thermography to identify problems early can extend the lifespan of pipes and valves, prevent catastrophic leaks and increase productivity throughout a plant. Just as vibration monitoring catches developing faults in rotating machi…
New Western measures aim to turn up the heat on Putin’s oil revenues. Analysts are underwhelmed
The West’s latest attempt to ramp up its oil war against Russia may cause some market dislocation, but some energy analysts remain far from convinced that the restrictions will constitute a “transformative event.”An EU ban on Russian oil product im…
How Pulp & Paper Mills Are Becoming More Efficient
Pulp and paper mills are among the world’s worst polluters and consume a large amount of water. However, efforts are being made to become greener.Tightening performance standards and increased regulations have seen stakeholders beginning to green the…
Oil prices edge higher as IEA's Birol talks up China demand outlook
MELBOURNE, Feb 6 (Reuters) - Oil prices inched up in early trade on Monday after falling around 8% last week to more than three-week lows as jitters over major economies outweighed signs of a demand recovery in China, the worlds top oil importer.Brent…
House Republicans pass bill to limit drawdowns on Strategic Petroleum Reserve
WASHINGTON — The U.S. House of Representatives passed a bill Friday aimed at limiting the president’s ability to draw down the nation’s Strategic Petroleum Reserve for any reason other than a “severe energy supply disruption.”The law is meant to …
Asia absorbs big rise in Russian Urals crude exports - sources
MOSCOW, Jan 30 (Reuters) - Asian markets are showing no let up in their demand for Russian oil, absorbing a big rise in seaborne exports of Urals crude this month and helping Moscow cope even as most Western buyers stay away, according to traders and …
Italy's Eni signs $8 billion Libya gas deal as PM Meloni visits Tripoli
ROME/TRIPOLI, Jan 28 (Reuters) - Italian energy company Eni and Libyas National Oil Corporation (NOC) signed an $8 billion gas production deal on Saturday aimed at boosting energy supplies to Europe despite the insecurity and political chaos in the No…
Oil prices settle up; China demand hopes outweigh recession worry
NEW YORK, Oct 21 (Reuters) - Oil prices settled up on Friday as hopes of stronger Chinese demand and a weakening U.S. dollar outweighed concern about a global economic downturn and the impact of interest rate rises on fuel use.To fight inflation, the …
French refinery strike further hits petrol supplies, prime minister says
PARIS, Oct 16 (Reuters) - Petrol supplies at French service stations fell further over the weekend due to a weeks-long strike at oil major TotalEnergies (TTEF.PA), Prime Minister Elisabeth Borne said on Sunday, prompting possible further requisitionin…
EU countries eye deal on more energy measures within weeks
BRUSSELS, Oct 10 (Reuters) - European Union countries will seek a November deal on more emergency measures to tackle high gas prices, officials said, although countries still disagree on what form those measures would take and whether they should cap …
South African state utility reinstates rolling power cuts from Monday
JOHANNESBURG, Oct 9 (Reuters) - South African state utility Eskom said on Sunday it would resume rolling power cuts from Monday till Wednesday during night-time to attend to unplanned breakdowns and replenish generation capacity.The beleaguered state …