On the block: OMV launches Asia-Pacific sales plan
OMV has launched a process to consider selling off its E&P assets in Asia-Pacific.The company has asked interested parties to submit expressions of interest as a first step. A second step would be the submission of binding offers.The sale should t…
Oil steadies on China growth hopes
Feb 28 (Reuters) - Oil prices were steady in Asian trade on Tuesday, supported by hopes a solid economic rebound in China will drive up fuel demand, offsetting worries about further U.S. interest rate hikes potentially hurting demand in the worlds big…
China's new coal plant approvals surge in 2022, highest since 2015 -research
SINGAPORE, Feb 27 (Reuters) - China approved the construction of another 106 gigawatts of coal-fired power capacity last year, four times higher than a year earlier and the highest since 2015, driven by energy security considerations, research showed …
Emergency Dewatering Needed to Repair Failed Culverts
In one of the largest dewatering projects west of the Mississippi River in 2020, immediate work was needed to remove and replace failed culverts running underneath the main runway at McChord Airfield— culverts that were starting to impact the runway …
Exclusive: Russia plans deep March oil export cuts, sources say
MOSCOW/LONDON, Feb 22 (Reuters) - Russia plans to cut oil exports from its western ports by up to 25% in March versus February, exceeding its announced production cuts in a bid to lift prices for its oil, three sources in the Russian oil market said.R…
Mineral Concentrators & Mineral Processing
How does one decide when a valve or pump is not ideal and hindering operations? The decision to change is often hard and costly to make. However, the decision to not make a change may be more costly due to high operating expenses. In every pipeline, …
Temporary Engineered Solutions for PFAS Removal
For most construction contractors, the discovery of per- and polyfluoroalkyl substances (PFAS) during a dewatering project is not only unwelcome, but also intimidating. These so-called forever chemicals are thought to cause serious health problems, fr…
Oil prices little changed, nurse last week's losses on improved supplies
SINGAPORE, Feb 20 (Reuters) - Oil prices were little changed in early Asian trade on Monday, after settling down $2 a barrel on Friday, as rising supplies in the United States and forecasts of more interest rate hikes cooled optimism over Chinas deman…
Oil slightly lower on mixed U.S. economic data, crude stocks growth
NEW YORK, Feb 16 (Reuters) - Oil prices settled slightly lower on Thursday after trading in a narrow range as the market weighed mixed U.S. economic signals and prospects for a Chinese demand recovery with a build in U.S. crude stockpiles.Brent crude …
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…