Tubemaker Tenaris is not very optimistic about a recovery in demand for its steel tubular products from the oil and gas industries in the near future, its CEO Paolo Rocca said during a conference call on Thursday. The executive stressed ...
The global distributed fiber optic sensor market was valued at $585 million in 2013, and projected to approach $1.5 billion in 2018 with 70% of sales associated with the oil and gas segments. But now a revised market forecast, ...
Tags: fiber optic sensor, Oil Price, smart sensing
New reports from two analyst companies have confirmed continued rapid growth in demand for solar photovoltaics (PV) in the US, partly as a result of a looming tax credit deadline for utility-scale projects. The second reason is a sharp ...
BASF/Wintershall and Gazprom have already been cooperating successfully for a quarter of a century: The two companies laid the foundations for their cooperation in autumn 1990 with a long-term agreement to market Russian natural gas in ...
Tags: BASF, Gazprom, natural gas
When the oil price crashed last year, many assumed that the earliest casualties would be the small, nimble American companies that specialise in getting “unconventional” oil out of shale, tar-coated sand and the like. After all, ...
Tags: Oil Price, falling price
George Osborne has delivered his sixth Budget, and the last of the current Parliament. The key points are as follows: Economy The UK grew 2.6% in 2014, faster than any other advanced economy but lower than 3% predicted in December ...
Tags: George Osborne, Sixth Budget
Underground natural gas storage capacity should be expanded to increase the nation's strategic energy reserves and ensure supply, said a senior official from China Petrochemical Corp (Sinopec), the country's biggest refiner. Sun Jian, ...
Tags: Underground Gas, Energy Security'
The U.S. Environmental Protection Agency (EPA) is inviting small businesses, governments, and not-for-profit organizations to participate as Small Entity Representatives (SERs) for a Small Business Advocacy Review (SBAR) Panel. The panel is ...
Tags: gas production, Construction
Graco Inc. has agreed to acquire the stock of Pennsylvania-based High Pressure Equipment (HiP) company for $160 million. The acquisition of HiP is subject to customary regulatory review and Graco expects to complete the transaction in the ...
Global steel giant ArcelorMittal has announced that its European unit is providing 310,000 mt of hot rolled coils (HRC) from its production site in Bremen, Germany, more than one third of all the hot rolled coils needed for the Trans ...
Tags: oil, gas industry, Metallurgy
Flow instrumentation manufacturer AW-Lake Company has reshaped its management team in response to growing business needs. Mark Iverson has been promoted to General Manager of the company, reporting to Flow Division President, John McKenna. ...
Tags: AW-Lake Company, Business Needs
Reliance Industries Ltd (RIL), India’s biggest private sector company, is implementing a project to source 1.5 MMTPA of ethane from US to feed its crackers in India. RIL has executed storage and capacity agreements for liquefaction ...
Tags: RIL, 1.5 MMTPA of Ethane, Textile
ShawCor Ltd. has completed the acquisition of all of the outstanding shares of Desert NDT LLC , first announced on May 8, 2014, for a total consideration of approximately $260 million, subject to adjustment for changes in working capital. ...
Tags: ShawCor, acquisition, Construction
Swedish high-technology engineering and steelmaking group Sandvik has announced that it has signed a new five-year strategic alliance agreement with the global pipe and tube producer Tenaris on the exclusive joint supply of ...
Tags: Sandvik, Tenaris, Metallurgy, Mineral
Despite its many advantages, natural gas is losing ground globally to its rivals while buyers and sellers struggle to agree on what constitutes a fair price, the International Energy Agency said in a report published Tuesday. In its ...
Tags: Natural Gas, Coal