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Pipelines

Drilling & Production

IIoT-based pump solutions benefit from energy-saving goals

Frost & Sullivan's recent analysis of the North American Positive Displacement (PD) Pumps Market finds that key verticals, including food & beverage (F&B), pharmaceuticals, municipal, and industrial water and wastewater management, are focusing on plant modernization. They aim to achieve energy-saving goals and meet strict environmental regulations imposed by local bodies to drive the PD pumps market in North America. The market is estimated to reach $2.74 billion by 2025 from $2.38 billion in 2020, up at a compound annual growth rate (CAGR) of 2.8%. However, due to the COVID-19-induced economic recession, the market performance is likely to slow down in 2021 but cross pre-COVID levels by 2022.

Waterous Energy Fund makes successful takeover drive for 57 million shares of Osum Oil Sands

Waterous Energy Fund has successfully completed the offer by its subsidiary, WEF Osum Acquisition Corp. to acquire up to 57,000,000 common shares of Osum Oil Sands Corp. at a price of $3.00 per share, following the expiry of the mandatory 10-day extension period at 11:59 pm (Vancouver time) on March 12, 2021. 21,531,295 additional Osum Shares were deposited and not withdrawn during the extension period, which, together with the 45,747,068 Osum Shares deposited at the expiry of the initial deposit period on March 1, 2021, total 67,278,363 Osum Shares deposited under the Offer.

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Subsea positioning solutions released by Alliance Sensors

H. G. Schaevitz LLC, Alliance Sensors, announces its SSx-7 series of LVIT subsea position sensors. Available in full scale ranges from as short as 1 inch (25 mm) up to 36 inches (900 mm), these devices are constructed of AISI 316 stainless steel to operate at depths of 10,000 feet (3,000 meters). The SSx-7 body style easily fits into an SAE O-ring port in the end of a hydraulic cylinder and is terminated with the popular micro-circular subsea connector. Offered with common analog voltage or current loop outputs, standard SSx-7 series position sensors are good solutions for many subsea applications like:

  • Choke actuators in a PBOF environment
  • BOP sealing or shearing ram positions
  • Annular BOP seal compression piston 
  • ROV electric and hydraulic actuators
  • Hydraulic cylinder position sensing 

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Environmental

Offshore Technology

Software & IT

Cloud-based upstream document management introduced by Quorum Software

Quorum Software, a leader in digital transformation for the oil and gas industry,  announced the release of myQuorum DynamicDocs, a cloud-based document management system purpose-built to make oil and gas operators more secure, agile and compliant. As part of the myQuorum platform, DynamicDocs will play a central role in helping Quorum customers evolve document-based business processes to deliver more value and streamline workflows.