Hy-Tech Engineered Solutions announced on Oct. 15 the acquisition of Blaz-Man Gear and Gear Products & Manufacturing; both Chicago based companies specializing in the manufacture and distribution of custom gears and power transmission gear products.
The addition will triple Hy-Tech’s capacity in gear production, as well as bring new expertise to expand into more complex spiral and straight bevel gear design and manufacture. Hy-Tech offers over 20,000 replacement parts for many recognized leading OEM brands.
Offshore operations in the Gulf of Mexico will thrive with improving economics, while in the shale fields ... not so much; a new generation of leaders takes over following the retirement of a slew of industry icons, and just in time to tackle investor pressure on ESG issues, continuing consolidation and the pursuit of capital; and then there's the 2020 U.S. presidential election, in which the subject of energy is likely to play a prominent role.
BP’s shift to becoming a net-zero company uncovers an eventual transformation of its upstream oil and gas business.
Sinking oil prices are turning distressed U.S. energy companies, such as Gastar Exploration, Parker Drilling and Waypoint Leasing, into takeover targets for opportunistic private investors.