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OFS - Energy Recovery breaks up with SLB, will grow VorTeq by itsel - July 2020
Five years into a 15-year agreement, Energy Recovery’s licensing deal for Schlumberger’s exclusive use of the VorTeq hydraulic pumping system has ended. The breakup leaves Energy Recovery fully responsible for global commercialization of the VorTeq technology. “At this time, the two parties have different strategic perspectives as to the path to VorTeq commercialization,” Energy Recovery CEO Robert Mao said in a June 29 press release. VorTeq is designed to extend the pump life by......
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