Latest Headlines

1. IDEC Upgrades Switches And Relay Sockets With Push-In Technology 1/26/2021

   IDEC Corporation has enhanced their popular HW series of 22mm switches and pilot lights, as well as the SJ/SU series of relay sockets, with new options for push-in wiring technology, continuing the company’s goal of delivering safe, simple, and smart solutions.

2. Quality Companies Acquires Production Management Division Of EPS Companies 1/26/2021

   Quality Companies, an integrated solutions provider, has entered into an agreement to acquire the Production Management division of Expeditors & Production Services, Inc. (EPS Companies).

3. DNV GL Combines Oil & Gas And Power & Renewables Businesses In Response To Energy Transition 1/26/2021

   DNV GL, the assurance and risk management company, will combine its current Oil & Gas and Power & Renewables businesses into one new business area called Energy Systems.

4. Schlumberger Announces Fourth-Quarter And Full-Year 2020 Results 1/22/2021

   Schlumberger Limited today reported results for the fourth-quarter and full-year 2020. Fourth-Quarter Results (Stated in millions, except per share amounts) Three Months Ended Change Dec. 31, 2020 Sept. 30, 2020 Dec. 31, 2019 Sequential Year-on-year Revenue $5,532 $5,258 $8,228 5% -33% Income (loss) before taxes - GAAP basis $471 $(54) $452 n/m 4% Net income (loss) - GAAP basis $374 $(82) $333 n/m 12% Diluted EPS (loss per share) - GAAP basis

5. Government Sector To Remain Biggest Customer For Dredging Equipment & Services: Fact.MR 1/22/2021

   Despite witnessing a downfall in 2020 due to the onset of the COVID-19 pandemic, the dredging market is gradually recovering, and is projected to exhibit steady growth over the coming years. For example, the United States passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which unlocked the Harbor Maintenance Trust Fund (HMTF); this will be invested in the dredging of ports in the near future. Likewise, growing demand from governments around the world for dredging equipment and services is set to give impetus to market growth through 2031.

6. Baker Hughes Secures Order With Petrobras To Expand Digital Capabilities And Reduce Emissions 1/22/2021

   Baker Hughes announced today an order with Petrobras to provide a suite of digital solutions across Petrobras sites in Brazil.

7. Oil And Gas Seals Demand To Decelerate In 2021, Only To Post A Recovery In 2022: New Study 1/22/2021

   The global oil & gas seals market is likely to exhibit significant deceleration, pegged at -6.5% in 2021 over 2020. This downturn is majorly ascribed to the recessionary impact of the COVID-19 pandemic on the oil & gas industry across the world, according to ESOMAR-certified market research company Future Market Insights (FMI).

8. Brüel & Kjær Vibro Introduces VIBROSTORE 100 For Quick And Easy Machine Health Monitoring 1/22/2021

   Brüel & Kjær Vibro Introduces VIBROS Brüel & Kjær Vibro (B&K Vibro), one of the leading worldwide independent suppliers of condition monitoring solutions for rotating machinery, has launched VIBROSTORE 100, a palm sized device that provides vibration level and bearing wear monitoring for balance-of-plant machines at the push of a button.

9. Baker Hughes Company Announces Fourth Quarter And Total Year 2020 Results 1/21/2021

   Baker Hughes Company ("Baker Hughes" or the "Company") announced results today for the fourth quarter and total year 2020.

10. API Statement On Natural Gas And Oil Leasing On Federal Lands And Waters 1/21/2021

    American Petroleum Institute President and CEO Mike Sommers issued the following statement today regarding the Department of Interior’s action impeding natural gas and oil development on federal lands and waters.