Archive | July, 2017

Exxon Profit Nearly Doubles, but Falls Short of Expectations

(Reuters) – Exxon Mobil Corp (XOM.N), the world’s largest publicly traded oil producer, said on Friday its quarterly profit nearly doubled on surging margins at its operations outside the United States, but results fell shy of Wall Street’s expectations. Shares of Irving, Texas-based Exxon fell about 1.9 percent in premarket trading to $79.30. While Exxon’s […]

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The New CAT® MD6310 Rotary Blasthole Drill

ADVANCED SCALABLE TECHNOLOGY FOR THE NEW CAT® MD6310 ROTARY BLASTHOLE DRILL IMPROVES DRILLING EFFICIENCY AND PRODUCTIVITY Building on the solid legacy of the MD6420C, the new Cat® MD6310 blasthole drill offers substantial technology, efficiency and productivity improvements. A key advantage of the machine, Cat Electronics delivers advanced troubleshooting for efficient drill operation and scalable automation. The […]

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PESA Advisory Board Member Kirk Shelton, NOV, Shares Leadership Expertise

  PESA Emerging Leaders Committee hosted its bi-monthly leadership forum with PESA Advisory Board Member Kirk Shelton, President, NOV Completion & Production Solutions, National Oilwell Varco. Leadership forums allow member company high performers to interact with industry executives through open dialogue structured around a targeted theme. In this forum, Shelton shared his six pillars of […]

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Regulatory Action: Non-Jones Act Vessels and BLM Methane Rule

In the final days of the Obama Administration, U.S. Customs and Border Patrol (CBP) published a notice to change long-standing interpretations of rules for vessels transporting equipment used by the offshore oil and gas industry. If finalized, the notice would restrict the use of certain “non-Jones Act” vessels from performing a variety of functions (laying […]

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New Volvo PL3005E Rotating Pipelayer Increases Power and Lifting Capacity

As the latest addition to the lineup of Volvo E-Series rotating pipelayers, the PL3005E boasts impressive improvements to power, productivity and efficiency versus predecessor models, all on a 360-degree excavator-based platform. Equipped with the Volvo D8J Tier 4 Final engine, the PL3005E offers a 6 percent increase in horsepower, 8 percent increase in max torque […]

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2017 Bakken Oil Conference

BISMARCK, ND – The 3rd Annual will begin Monday, July 17th at the Bismarck Events Center in Bismarck, North Dakota. Produced by BBI International and North American Shale magazine, the event is expected to draw 400+ shale oil industry professionals, including representatives from major operating producers, completion companies and active drillers. The event will include nearly 70 exhibitors, making this […]

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The Oil Sands Trade Show and Conference is Coming Back This Year to Fort McMurray Stronger Than Ever

  The Oil Sands Trade Show and Conference is coming back this year to Fort McMurray stronger than ever after the event was postponed a year ago. The aim of the show is to support the industry that supports Alberta’s economy and it’s an opportunity for businesses to connect to the community where the Alberta […]

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GE, Baker Hughes Complete Merger

GE Oil & Gas and Baker Hughes completed their planned merger, which will create an entity that offers GE’s digital solutions and Baker Hughes domain expertise as oilfield services provider.                                                   […]

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