oil lift

oil lift

[′ȯil ‚lift]
(mechanical engineering)
Hydrostatic lubrication of a journal bearing by using oil at high pressure in the area between the bottom of the journal and the bearing itself so that the shaft is raised and supported by an oil film whether it is rotating or not.
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When you have people who do not have the oil lift it from your area to their place, and then bring it back to you, it becomes a problem.
International Resource News-October 19, 2011--Dover Corporation acquires Oil Lift Technology(C)1994-2011 ENPublishing - http://www.enpublishing.co.uk
Speaking at the fifth Middle East Artificial Lift Forum (Mealf 2009) in Bahrain, he said the need to maximise production in oil wells meant that the oil lift industry was largely immune to price fluctuations.
Speaking at the fifth Middle East Artificial Lift Forum (MEALF 2009), he said that the need to maximise the production of oil wells meant that the oil lift industry was largely immune to price fluctuations.
Speaking at the forum, he said that the need to maximise the production of oil wells meant that the oil lift industry was largely immune to price fluctuations.
18 October 2011 - US components and equipment maker Dover Corp (NYSE:DOV) on Tuesday announced the acquisition of Canadian progressive cavity pump products maker Oil Lift Technology for an undisclosed purchase price.
The free on board price of crude oil lifted in July was $66.15 per barrel, a increase of 2.08 per cent from $64.80 in June.
As a result, there has been an increase in the barrels of oil lifted and so under the operating services and option agreement ('Services Agreement') announced on 21 June 2019, this small increment to production means the first income for the Company.
The Free on board (FOB) price of Murban crude oil lifted in June was Sh6,480 per barrel, a decrease of 10.44 per cent from Sh7,235 per barrel in May 2019.Over the same period, the mean monthly US dollar to Kenya shilling exchange rate depreciated by 0.68 per cent, from Sh101.2 per dollar in May, to Sh101.89 per dollar in June.
While the government is paying by crude oil lifted by the contractor, rumours have it that the quantity has been reduced and made conditional on the Korean contractor obtaining an additional $2 billion in external financing.
stocks jumped on Monday as a surge in the price of oil lifted energy stocks.
However, the FTSE 100 Index closed up 1.3%, or 78.9 points to 5990.4, as oil lifted above 32 US dollars on brighter hopes for global trade.