Category Archives: Industry News

OPEC’s production cuts and climbing oil prices

By: IBISWorld Procurement Research Analyst, Ashley Cruz With oil prices finally on the rise, businesses that rely on petroleum products should be looking ahead to hedge against price growth and volatility Although much of 2016 has been a year of suspense and surprises, there were several late-in-the-game decisions that have…

Weir’s SPM QEM 3000 frac pump delivers in Canadian market

Canyon Services Group logs more than 1,000 pumping hours, purchases fleet of pumps Fort Worth, Texas-based Weir Oil & Gas (Weir), one of the world’s largest supplier of pressure pumping equipment to the upstream market, today announced significant milestones in the evolution of the SPM® QEM 3000 frac pump: reaching…

E3 Consulting Serves as Independent Engineer for Wolf Midstream’s Acquisition of Access Pipeline System

E3 Consulting® (E3) served as independent engineer to lenders for Wolf Midstream’s recent acquisition financing of 50 percent ownership interest in Access Pipeline (Access) from Devon Corporation. Access is a dual pipeline system with pumping and measurement facilities used for transportation of diluent and bitumen blend between heavy oil extraction facilities…

Halliburton turns to IBM Cloud to help evaluate development decisions for oil and gas fields

Migrating reservoir simulation to the IBM Cloud allows Halliburton to substantially reduce time to simulate the effects of development decisions in oil and gas fields On 20 April 2016, IBM announced that Halliburton has adopted IBM Cloud to run its sophisticated reservoir simulation software to help it better understand how complex…

Montana Petroleum Association announces new executive director

The Montana Petroleum Association (MPA) announced on January 26, 2016 their new executive director. Former State Senator, Alan Olson has been charged with leading Montana’s oil and gas industry into another busy year.  Olson has extensive, firsthand experience in energy policy, oil and gas operations, and advocating for a business…

NETZSCH announces revolutionary TORNADO® T2 rotary lobe pump

Redesigned to increase reliability, maintenance and performance, while reducing total cost of ownership NETZSCH Pumps North America, LLC, experts in solutions designed specifically for difficult pumping applications, announces its innovative newly redesigned TORNADO® T2 rotary lobe pump. Self-priming and valve-less, the new TORNADO® T2 is a positive displacement pump ideal…