The oil and natural gas industry is the largest consumer of the artificial lift systems market, as it improves production efficiencies of existing oil reservoirs.
Baker Hughes is field trialling a new adaptive production system which the global services firm delivers 300% greater oil production and 200% higher natural gas production compared with its previous artificial lift offering for unconventional plays.
Downhole monitoring specialist Zenith Oilfield Technology has launched what it claims is "groundbreaking" technology to eliminate a problem that apparently affects more than 15% of downhole monitoring systems associated with electric submersible pumps.
ABERDEEN company RMS- pumptools has added six new recruits to its growing workforce, which has now seen 16 people join in the past year, taking the total to 72.