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ECT - 18 May 2018

Report: Cummins, Kohler Among Finalists For GE Engine Business

Bloomberg News is reporting General Electric Co. has narrowed the list of bidders for its US$3.5 billion industrial gas-engine business. Bloomberg, citing people familiar with the matter, reported that Cummins Inc. and...
Laby-GI Compressor

Burckhardt Compression Returns For A Revamp

Burckhardt Compression has received a contract from Golar Management to revamp a Laby-GI compressor operating on a floating storage regasification unit (FSRU) near Jamaica. The compressor has spent the past 10 years...
Shale Plays

EIA: Nat Gas, Oil Production To Increase From May To June

The U.S. Energy Information Administration (EIA) anticipates an uptick in oil and natural gas production from May to June from seven key fields. In its Drilling Productivity Report, natural gas production is...

Temporary Power Outage For Siemens

Siemens announced it will temporarily shut down its Power and Gas (PG) division as the company seeks to regain its footing in the marketplace. The recent announcement underscores the difficulties the company...

EIA: Oil, Gas Prices Rising Faster Than Expected

The U.S. Energy Information Administration (EIA) has revised its crude oil and gasoline forecast for the rest of 2018. The EIA now believes that Brent crude oil prices will average $71 per...

VDMA Sees Slight Improvement

The Compressors, Compressed Air and Vacuum Technology association of VDMA, the German engineering association, forecast slight improvement in the economic activity for the year, following mild growth in 2017. The forecast...