A firm named Birdstop asserts that there is a rapidly growing need for Beyond-Visual-Line-Of-Sight drones to monitor critical infrastructure. With oil fields, farmland, power stations, transit lines, airports, dams, water supplies and telecom at risk, any blind spots can lead to major issues, they say. To that end, Birdstop is striving to usher in a new […]
Refiners Show Strong Financial Profiles
North American refining and marketing companies continue to post robust results due to recovering demand and low inventory levels, according to a new Fitch Ratings report. The report is a relative credit analysis that compares issuers based on their business and financial characteristics. Fitch anticipates limited rating actions across the peer group despite above-midcycle cash […]
North America to Dominate LNG Liquefaction
North America will continue to dominate the global liquefied natural gas (LNG) liquefaction capacity additions, contributing about 59 percent of the total capacity additions between 2023 and 2027, according to GlobalData, a leading data and analytics company. GlobalData’s latest report reveals that North America is expected to witness the highest capacity additions globally, by gaining […]
Sand Conveyor Belt Takes Another Step
Atlas Energy Solutions has selected Voith Turbo to supply a total of 21 TurboBelt 800 TPXL fill control fluid coupling drives (including spares) to power 42 miles of conveyor belt as part of Atlas Energy Solutions’ historic Dune Express project. ELIN Motoren, a Voith company, will also provide 21 customized low noise electric motors for […]
Company Announces $10 Million In Funding for IoT Tech
(BUSINESS WIRE) Amplified Industries (formerly Acoustic Wells), which terms itself an industrial Internet of Things (IoT) solution, recently announced its official launch from stealth with an in-market solution and $10 million in funding. Amplified Industries’ IoT solution empowers onshore asset operators with real-time operations data and control to cut cost, slash emissions, and increase production. […]
Ernst & Young: U.S. O&G Viable
The persistence U.S. oil and gas producers have displayed over the last eight years to improve shareholder returns and build resilience—in operations and capital budgets—is proving U.S. hydrocarbons to be a viable core asset amid the energy transition, according to the Ernst and Young study on U.S. oil and gas reserves, production, and ESG benchmarking, which documents […]
Quantifying Unproven Inventory in the Permian
Enverus Intelligence Research, a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, released on Aug. 29 a new report that quantifies the geologically viable but not yet economically proven inventory in the Permian Basin and investigates the associated impact this undeveloped resource has at the operator level and the supply outlook of the basin. […]
Manufacturer Doubles Down
ValTek LLC, manufacturer of high-performance hydraulic fracturing pumps, parts, and expendables, has expanded its facility capabilities in Odessa, Texas, to bring higher efficiency, increased capacity for parts manufacturing, and improved workplace conditions. Located in the heart of the Permian Basin, ValTek’s facility enhancements span across four buildings and include upgraded equipment offering premium functionality as […]
Oil and Gas on the Rise
Across the oil and gas industry, 1,949 jobs were added in the United States, according to preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to June numbers and analysis by the Energy Workforce and Technology Council (Energy Workforce). Despite preliminary BLS data suggesting an initial loss of 117 jobs, adjusted data showed […]
Factory of the Future Unveiled
Developers of Renishaw’s new Central manufacturing connectivity and data platform say the project is poised to transform the productivity, capability, and efficiency of manufacturing operations. The new data-driven manufacturing solution brings the power of connectivity to the machine shop floor, resulting in efficient, productive operations with optimized processes, reduced downtime, and minimized waste. Renishaw will […]
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