Archive | May, 2017

Industry Experts and Major Energy Firms are Set to Present at the 2017 Bakken Oil Conference

                  Produced by BBI International and North American Shale magazine, the annual Bakken Conference & Expo will provide attendees with a comprehensive overview of the Bakken’s current state. BISMARCK, ND – BBI International announced this week the agenda for the annual Bakken Conference & Expo, North Dakota’s largest […]

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Saudi Arabia Signs $50 Billion Worth Of Oil Deals With The U.S.

U.S. companies signed billions of dollars worth of deals with Saudi Arabia’s oil and gas industry during President Donald Trump’s visit to the Kingdom over the weekend, boosting bilateral business ties while the oil market continues to follow the shale-OPEC rivalry. The US$110 billion worth of U.S.-Saudi defense capability deals made up for much of […]

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“ Navigating a Market in Transition ” PESA Annual Meeting 2017

PESA members collaborate with top industry leaders and keynote speaker Karl Rove, Former White House Deputy Chief of Staff & Senior Advisor to President George W. Bush   Please save the date for PESA’s 2018 Annual Meeting April 25-27 at The Ritz Carlton Reynolds, Lake Oconee in Greensboro, GA. The 2017 PESA Annual Meeting held April […]

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Oil Price Commentary: A Positive Week Ahead for Oil Price

Last Week Oil Market Data: Crude Oil Price Movement: Oil prices moved higher last week on support from OPEC production cut extension, decline in U.S. crude oil production and draw-down in U.S. crude oil and gasoline stockpiles. Brent crude and WTI closed the week up by more than 5 percent to around $53.80/bbl and $50.85/bbl […]

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The New CAT® MD6250 Blasthole Drill

RUGGED DESIGN, INTEGRATED TECHNOLOGY LOWERS OWNERSHIP COSTS AND IMPROVES DRILLING EFFICIENCY FOR THE NEW CAT® MD6250 BLASTHOLE DRILL   The new Cat® MD6250 blasthole drill delivers optimum drilling efficiency in single- and multi-pass applications for both rotary and down-the-hole (DTH) modes. Featuring automated operation, the drill runs within ideal operating parameters for maximum bit life, […]

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IVS 2017 – Industrial Valve Summit

IVS 2017 – Industrial Valve Summit: the most important international event dedicated to industrial valves is back again   Milan, 15th May 2017– On 10th May in Milan, at the offices of theEuropean Commission, the press conference relevant to the opening of the second edition of the IVS – the Industrial Valve Summit – took […]

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Oil Rises 2% After Saudi and Russia Back Longer Supply Cut

  Oil jumped more than 2 percent to its highest in more than three weeks on Monday, topping $52 a barrel after Saudi Arabia and Russia said that supply cuts need to last into 2018, a step toward extending an OPEC-led deal to support prices for longer than first agreed. Energy ministers from the world’s […]

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OPEC Risks Lower for Longer – Bloomberg

  Oil is set for its first weekly gain in a month after EIA data showed U.S. inventories dropping the most this year. But it’s an unexpected surge in U.S. production that’s set to derail OPEC’s plans of phasing out its output cutting regime by June. Bloomberg’s Will Kennedy reports on “Bloomberg Daybreak: Europe.” (Source: […]

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Anadarko Announces Leadership Changes

                                                                  Anadarko Announces Leadership Changes Daniel E. Brown Named EVP, International and Deepwater Operations Bradley J. Holly Named EVP, U.S. Onshore Exploration and […]

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Schlumberger Launches New Fluid Mapping-While-Drilling Service

SpectraSphere service uniquely enables the understanding of reservoir properties while drilling for improved reservoir characterization, well placement and reduction in overall well construction cost HOUSTON, May 3, 2017—Schlumberger today launched the new SpectraSphere* fluid mapping-while-drilling service at the 2017 Offshore Technology Conference. The service is the industry’s first to deliver downhole fluid composition during drilling […]

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PESA Supports Texas Energy Day

On March 22, 2017, Kevin Crowley, President & CEO, Forged Products and Bob Ryan, Deputy General Counsel, Stallion Oilfield Services led PESA’s delegation to the first-ever Texas Energy Day. About 500 participants from across the oil and natural gas industry descended on Austin to highlight to legislators, regulators and other key stakeholders, industry’s economic and […]

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