A bearing arrangement for a fluid machinery application employing an axially locating bearing. The axially locating bearing includes: a first angular self-aligning contact bearing arranged next to a second angular self-aligning contact bearing. Each of the first angular self-aligning contact bearing and the second angular self-aligning contact bearing includes a set of rolling elements arranged in a row and interposed between a respective curved inner raceway and an associated curved outer raceway. Each roller is a symmetrical cylindrically-shaped roller having a curved raceway-contacting surface. Each roller is inclined respective to the axial direction of the shaft by a respective contact angle. The rollers support an axial force and a radial force. The axially non-locating bearing position is arranged spaced apart from the axially locating bearing position, as seen in the axial direction. Examples of fluid machinery applications include: a wind turbine, water turbine or a propulsion turbine.