Oxford Flow, flow control equipment specialist for oil, gas, industrial process and water industries, has been awarded the Albert Woelfel Best Mechanical Engineering Achievement Award by the American Society of Mechanical Engineers (ASME) at the Offshore Technology Conference (OTC) for its ES axial flow valve
Industry
Premiere signs agency agreement with AlMansoori
Premiere Inc., a Houston-based oilfield service company specialising in safe and efficient delivery of casing and tubing services, has signed an exclusive agency agreement with Abu Dhabi-based oilfield services provider AlMansoori
Endress+Hauser expands silicon pressure sensor facility
Endress+Hauser, the specialist for measurement and automation engineering, has expanded its center of competence for silicon pressure sensors in Stahnsdorf near Berlin, Germany at a cost of more than 12mn euros
Peak oil may be three years away: McKinsey
The energy transition continues to accelerate, with oil demand projected to peak as soon as 2025, according to new research by leading global consultancy, McKinsey & Company
Upstream sector payments to governments to reach US$2.5 trillion in 2022 - Rystad Energy
Sustained high commodity prices and increasing oil and gas supply are set to push upstream sector payments to governments to an all-time high of US$2.5 trillion this year, with Saudi Arabia topping the list in terms of total cash flow to government from the sector, according to Rystad Energy research