As tensions in the Middle East escalate, futures prices fall; employment data is on tap
U.S. Stock Index Futures fell on Wednesday, as geopolitical tensions and a port strike in the United States kept investors on edge before data that was expected to shed some light on the state of the economy and its monetary policy trajectory.
Russia is considering limiting metals exports to the West
In response to Western sanctions, Russian President Vladimir Putin suggested this week that Moscow limit exports of metals or other commodities in which Russia has a large share on global markets. Putin mentioned uranium and nickel as well as titanium…
Putin: Russia should restrict exports of uranium and titanium
On Wednesday, Russian President Vladimir Putin stated that Moscow could consider limiting the exports of uranium and titanium in order to retaliate against the West. In comments made to government ministers via televised broadcast…
EthosEnergy Opens Aberdeen Sustainable Facility
EthosEnergy is modernizing its operations in Aberdeen with the opening of a new, sustainably focused and larger Accessories and Components site.The new site is 40,000 square feet and offers repairs and overhaul for gas turbine and aero engine accessories, components and fuel nozzles.
Ampyx Power, NLR to Join Wind Energy Solutions
The Dutch Topsector Energie-TKI Wind op Zee recently awarded a subsidy to Dutch wind energy technology developer Ampyx Power and the Netherlands Aerospace Centre (NLR).The two organizations are undertaking a joint project aimed at…
dena Launches Global Alliance Power Fuels
The Deutsche Energie-Agentur (dena) – the German Energy Agency – and partners from industry have launched the Global Alliance Power Fuels. The aim of this international alliance is to open up global markets for synthetic fuels based on renewable energy sources.
Hardide Coatings Invests in North America
Surface coating technology company Hardide Coatings has appointed Mark Hanania as Business Development Engineer based in Houston to help drive growth in the oil, gas and energy sectors throughout North America.Strong growth in demand…
Fronius Updates its Welding Systems Portfolio
From the automotive and component supply industry to machine and plant construction, and also the oil and gas industry: mechanized welding processes are indispensable in all metal-working sectors. Fronius Perfect Welding therefore…
Teledyne Bags OTC Technology Award
Teledyne Marine was recognized by the Offshore Technology Conference (OTC) with a 2018 Spotlight on New Technology Award for the FlameGuard P5-200. Each year, OTC recognizes innovative technologies with the Spotlight on New Technology Award…
New HT/HP Subsea Valve Coating Developed and Deployed
An international collaboration between Hardide Coatings and Master Flo Valve Inc (MFV) has developed a new solution to protect high temperature, high pressure (HT/HP) subsea choke valves. The valves are the first of their kind to feature the Hardide-T coating…
Shell Plans 400 Job Cuts in the Netherlands
Royal Dutch Shell Plc plans to cut more than 400 jobs in the Netherlands, mainly at its major projects and energy technology operations, as the oil giant shifts its business model in response to lower oil prices, according to an internal document seen by Reuters.
Trelleborg Acquires Automated Dynamics
Trelleborg said it has, through its business area Trelleborg Sealing Solutions, signed an agreement to acquire the U.S.-based privately-owned Automated Dynamics, a specialist manufacture of advanced composite components. The transaction…
UEC Presents Industrial Gas Turbine Equipment in Algeria
Russian United Engine Corporation (UEC) (www.UECrus.com), a company offering solutions for development, mass production and maintenance of gas turbine engines for customers engaged in oil and gas, power generation and aerospace, as well as marine and railways…
EnerMech Forms US Partnership with Hydratron
EnerMech has signed a distributorship agreement with Pressure Technologies Plc owned company Hydratron which covers North, South and Central America. In addition to providing sales and technical support for Hydratron’s range of high pressure and flow control products…
ExxonMobil, Princeton Launch Energy Research Projects
In association with their partnership focused on energy technologies, ExxonMobil and Princeton University have selected five research projects that center on solar and battery technologies, plasma physics, Arctic sea-ice modeling…
Moyo, Austin Join Chevron Board
Chevron Corporation announced that Dr. Dambisa Moyo and Dr. Wanda Austin have been elected to Chevron's board of directors. Dr. Moyo's appointment is effective October 11, 2016; she will serve on the company's Audit Committee. Dr.
ROCOL, TTS Syncrolift Ink Lubricants Supply Deal
Global technology leader and lubricant manufacturer, ROCOL, has secured a key agreement with the world’s leading shiplift company. TTS Syncrolift, which manufactures 90% of all shiplifts worldwide, has appointed ROCOL as its recommended lubricant manufacturer.
America's Secret Weapon
This presidential election has the country captivated. As many commentators have pointed out, the primaries are more focused on personalities than policy. While the parties focus on who is going to represent them in the fall, I want…
Alberta to Fly Oil via Airships, It Says on April Fools
Canada's oil-producing province of Alberta, stymied by the U.S. decision to block the Keystone XL pipeline and by other market access problems, said on Friday it will use zeppelins to bring its products to markets around the world.
Mitcham Acquires L-3’s Klein Associates
Geophysical equipment supplier Mitcham Industries, Inc. has acquired L-3 Communications Klein Associates, Inc., a designer, manufacturer and worldwide distributor of sonar and waterside security systems to military and commercial customers, effective January 1, 2016.
