National Crane has developed a tractor-mounted version of its popular NBT30H-2, the NBT30H-2 TM. The 30 USt machine was created as a response to the company's Voice of the Customer feedback program, an integral part of The Manitowoc Way. It went from concept to production in just eight months and was designed by a cross-functional team of experts from Manitowoc's Lift Solutions team and National Crane's Truck Modification Center, as well as the company's engineering team. The primary application for this machine will be oil field applications, but it will also be viable for everyday taxi crane service.
Originally developed for areas where pumps could not be used, the Red Goose uses product velocity to sample petroleum products from pipelines at flowing conditions. There are no moving parts during operation. No pump is ever needed for gasoline, diesel fuel, jet fuel or other refined petroleum products.
As hydraulic fracturing activity ramps up in colder locations across the United States to meet growing energy demand, harsher temperatures and environmental conditions remain a challenge. Providing the market with a cold-weather solution, Dow Microbial Control, a business unit of DowDuPont Specialty Products, has launched two new products within its AQUCAR Water Treatment Microbiocides portfolio: AQUCAR TN 250 LT Water Treatment Microbiocide and AQUCAR 7140 LT Water Treatment Microbiocide.
The National Energy Board (NEB) has released a hearing order setting out next steps and schedule as well as requests for information from Trans Mountain and Federal Authorities required for its reconsideration of aspects of the Trans Mountain Expansion Project pertaining to project-related marine shipping.
Prairie Provident Resources Inc. is pleased to announce the closing of its previously announced bought deal financing and strategic private placement, each led by Mackie Research Capital Corporation for total gross proceeds of $5.5 million, including exercise of the over-allotment option under the Bought Deal Financing.
PDC Logic LLC, an industry leader in high-performance drilling and completion bits, has gone through a major rebrand, including a new name. The company has announced that PDC Logic is now. The change comes on the heels of ownership and management changes that have led to expanded growth initiatives for the company, which has strong roots in the oil and gas industry spanning more than six decades.
Building on 20 years of customer feedback, the all-new range of DirectSense II smart probes are being introduced by GrayWolf. These cutting-edge air monitoring probes accommodate from two (2) up to eight (8) plug-and-play smart sensors into a single hand-held, desktop or wall-mounted housing. Choose from 25 different indoor air quality, green building, industrial hygiene and HVAC parameters including; TVOCs (PID), Carbon Dioxide (NDIR), Carbon Monoxide, Ozone, Nitrogen Dioxide, Ammonia, Sulfur Dioxide, Chlorine, Hydrogen Sulfide, %RH, °C/°F and many others.
Pepperl+Fuchs' PMI inductive positioning technology combines the ruggedness of an inductive proximity sensor with the precision of a position measurement and angular positioning system. The patented technology ensures highly accurate measurements, and the ability to use simple steel actuators is designed to maximize the flexibility of your application.
NewTek Sensor Solutions introduces the RV series of RVDT Rotary Position Positions that offer highly accurate angular displacement measurement of rotating elements such as quarter-turn ball and butterfly valves, actuators, throttles and dancer arm tensioners used in industrial machine-to-machine applications. With a shaft that rotates a full 360° with no stops and virtually no friction, these AC-operated rotary position sensors measure shaft angle position over a nominal range of ±30°.
Kruse Energy Auctioneers, a Ritchie Bros. solution focusing on energy equipment-related auctions, recently sold a Loadcraft 2000HP SCR drilling rig at its event in Odessa, TX for US$5.5 million, making it the most expensive drilling rig the company has ever sold. The high bidder for the rig was Scandrill Inc., an onshore drilling contractor operating in the Permian Basin, Louisiana, and Texas. Scandrill Inc. currently has 15 rigs in operation.
International Petroleum Corp. and BlackPearl Resources Inc. are pleased to announce that they have entered into an agreement under which IPC will acquire all of the shares of BlackPearl based upon a share exchange ratio of 0.22 shares of IPC for each BlackPearl share. Based upon a volume weighted average price (VWAP) of the IPC Shares for the last thirty days, this represents an acquisition price of CAD 1.85 per BlackPearl share representing a premium of 42% to the closing price of the BlackPearl Shares on October 9, 2018 or a premium of 49% to the VWAP of the BlackPearl Shares for the last 30 days. The acquisition remains subject to shareholder approvals of both IPC and BlackPearl and certain regulatory approvals, with completion expected in December 2018.
Abu Dhabi National Oil Company (ADNOC or the Group) and Baker Hughes, a GE company have signed a strategic partnership agreement, that will enable and support the growth and development of ADNOC's subsidiary, ADNOC Drilling, into a fully-integrated drilling and well construction provider. As part of the agreement, BHGE will acquire a five percent stake in ADNOC Drilling. The transaction values ADNOC Drilling at approximately $11 billion. BHGE will be the sole provider of certain proprietary leading edge and differentiated equipment and technologies related to the integrated drilling offering, supporting ADNOC Drilling's growth. Together, ADNOC and BHGE will deliver more competitive well completion times, greater drilling efficiencies and better well economics, and will capitalize on new business opportunities as ADNOC Drilling grows through its new expanded offering.