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ExxonMobil Develops cMIST Technology to Dry Natural Gas
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Exxon Mobil Corporation (XOM - Free Report) recently declared that it has developed a technology – cMIST – that dries out natural gas using a patented absorption system inside pipes and replaces the need for conventional dehydration tower technology.
This technology can be deployed at both land-based and offshore natural gas production operations. The new technology, developed and widely field-tested by the company, better eliminates the water vapor present during the production of natural gas. The use of the dehydration technology to remove water vapour – usually with large and expensive dehydration towers – decreases corrosion and equipment interference, in turn, helping to ensure the safe and efficient transport of natural gas through the supply infrastructure and finally to consumers.
cMIST decreases the size, weight and cost of dehydration, reducing surface footprint by 70% as well as the total dehydration system’s weight by 50%. No doubt, this has substantial added benefits on offshore applications.
Exxon Mobil’s cMIST technology depends on a proprietary droplet generator to break up conventional solvent into tiny droplets that become well dispersed in the gas flow. This increases the surface area for the absorption of water from gas. Subsequently, an inline separator, which unites the water-rich glycol droplets and moves them to the outside wall of the pipe for effective separation from the dehydrated natural gas, is used. The water-rich glycol is restored using a conventional system and is sent back to the droplet generator for reuse. The droplet generator utilizes the energy from the flowing natural gas to form droplets of the right size.
Exxon Mobil has licensed cMIST technology to the Chemtech division of Sulzer, a leading player in separation technologies, to enable deployment across the oil and gas industry.
Exxon Mobil’s Houston-based Upstream Research Company and New Jersey-based Exxon Mobil Research and Engineering division develop a range of innovative technologies targeted at producing energy more proficiently. The two organizations employ over 1,000 PhD scientists and engineers.
Shares of Exxon Mobil have gained 20.1% over the last one year, while the Zacks categorized Oil & Gas-International Integrated industry has gained 33.2%, in the same time span. The announcement is expected to positively impact the stock price.
Exxon Mobil currently has a Zacks Rank #3 (Hold). Some better-ranked players in the same space include Braskem S.A. (BAK - Free Report) , Suncor Energy, Inc. (SU - Free Report) and Noble Midstream Partners L.P. . All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Braskem posted a positive earnings surprise of 107.79% in the last reported quarter.
Suncor Energy posted a positive earnings surprise of 300.00% in the preceding quarter. It had an average earnings surprise of 40.55% in the four trailing quarters.
Noble Midstream Partners posted a negative earnings surprise of 77.78% in the last reported quarter.
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ExxonMobil Develops cMIST Technology to Dry Natural Gas
Exxon Mobil Corporation (XOM - Free Report) recently declared that it has developed a technology – cMIST – that dries out natural gas using a patented absorption system inside pipes and replaces the need for conventional dehydration tower technology.
This technology can be deployed at both land-based and offshore natural gas production operations. The new technology, developed and widely field-tested by the company, better eliminates the water vapor present during the production of natural gas. The use of the dehydration technology to remove water vapour – usually with large and expensive dehydration towers – decreases corrosion and equipment interference, in turn, helping to ensure the safe and efficient transport of natural gas through the supply infrastructure and finally to consumers.
cMIST decreases the size, weight and cost of dehydration, reducing surface footprint by 70% as well as the total dehydration system’s weight by 50%. No doubt, this has substantial added benefits on offshore applications.
Exxon Mobil’s cMIST technology depends on a proprietary droplet generator to break up conventional solvent into tiny droplets that become well dispersed in the gas flow. This increases the surface area for the absorption of water from gas. Subsequently, an inline separator, which unites the water-rich glycol droplets and moves them to the outside wall of the pipe for effective separation from the dehydrated natural gas, is used. The water-rich glycol is restored using a conventional system and is sent back to the droplet generator for reuse. The droplet generator utilizes the energy from the flowing natural gas to form droplets of the right size.
Exxon Mobil has licensed cMIST technology to the Chemtech division of Sulzer, a leading player in separation technologies, to enable deployment across the oil and gas industry.
Exxon Mobil’s Houston-based Upstream Research Company and New Jersey-based Exxon Mobil Research and Engineering division develop a range of innovative technologies targeted at producing energy more proficiently. The two organizations employ over 1,000 PhD scientists and engineers.
Shares of Exxon Mobil have gained 20.1% over the last one year, while the Zacks categorized Oil & Gas-International Integrated industry has gained 33.2%, in the same time span. The announcement is expected to positively impact the stock price.
Exxon Mobil currently has a Zacks Rank #3 (Hold). Some better-ranked players in the same space include Braskem S.A. (BAK - Free Report) , Suncor Energy, Inc. (SU - Free Report) and Noble Midstream Partners L.P. . All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Braskem posted a positive earnings surprise of 107.79% in the last reported quarter.
Suncor Energy posted a positive earnings surprise of 300.00% in the preceding quarter. It had an average earnings surprise of 40.55% in the four trailing quarters.
Noble Midstream Partners posted a negative earnings surprise of 77.78% in the last reported quarter.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>