News

88 Energy raises funds for 2021 Alaskan drilling program

Perth-based 88 Energy Ltd. has raised $10.07 million (Aus.) from investors for its planned 2021 drilling program, including two Project Peregrine wells on the North Slope of Alaska. Project Peregrine was recently acquired in an off-market takeover of XCD Energy Ltd. Preparations are being finaliz... Read More

Baker Hughes: US rig up 10 units to 320

The US drilling rig count increased 10 units to reach 320 rigs working for the week ended Nov. 25, according to Baker Hughes data. The count is down 482 units from the 802 rigs working this time a year ago. The rig count was released 2 days early due to the US holiday on Nov. 26. The number of ri... Read More

EIA Raises 2020 Oil Price Forecasts

The U.S. Energy Information Administration (EIA) has raised its 2020 average spot price forecasts for both Brent and West Texas Intermediate (WTI) oil. According to its latest short-term energy outlook (STEO), which was released on Tuesday, the EIA now sees Brent spot prices averaging $41.42 per ... Read More

IEA Revises 2020 Oil Demand Forecast

The International Energy Agency has lowered its 2020 oil demand forecast, its latest oil market report has revealed. Global oil demand is now expected to be 91.9 million barrels per day (MMbpd) this year, which the IEA highlights would be an 8.1MMbpd decline from 2019. The updated projection, whi... Read More

Shale Shaker Design

Shale shakers typically consist of large, flat sheets of wire mesh screens or sieves of various mesh sizes that shake or vibrate the drill cuttings, commonly shale, across and off of the screens as the drilling fluid (mud) flows through them and back into the drilling fluid system. This separates... Read More

Mud Pump Sizes & Configurations

Mud pumps come in a variety of sizes and configurations but for the typical petroleum drilling rig, the triplex (three piston/plunger) mud pump is the pump of choice. Duplex mud pumps (two piston/plungers) have generally been replaced by the triplex pump, but are still common in developing countr... Read More

Baker Hughes: US rig count down 2 to 254

The US drilling rig count fell by 2 units to reach 254 rigs working for the week ended Sept. 11, according to Baker Hughes data. The count is down 632 units from the 886 rigs working this time a year ago. The number of rigs drilling on land was down 2 week-over-week with a total of 238 units. The... Read More

OPEC revises down 2020, 2021 oil demand forecast

In its monthly report published Sept. 14, the Organization of the Petroleum Exporting Countries (OPEC) revised down its 2020 world oil demand growth forecast by 400,000 b/d, as compared to the August report, to a decline of 9.5 million b/d, leading to total demand of 90.2 million b/d in 2020. OPE... Read More

F1600HL Mud Pump Fluid End Features

The fluid end consists of three interchangeable suction cylinder and discharge cylinder, the suction valve is mounted in the suction cylinder, the discharge valve is fixed in the discharge cylinder, the suction and discharge valve are installed and dismounted through the valve cover bore. The suc... Read More

F1600HL Mud Pump Power End Features

The crankshaft is made of cast alloy steel and furnished withherringbone gear, connecting rod and bearing. The tooth form of the big-geared ring is herringbone gear. The gear bore and the crankshaft surfaces are interference fitted and they are both fastened with bolts and lock nuts. The big end ... Read More

Oil Oscillates Between Gains and Losses

(Bloomberg) — Oil oscillated between gains and losses as an uncertain economic outlook overshadowed signals of a tighter crude market with Iraq pledging to make extra output cuts this month. Iraq will cut production in August by an additional 400,000 barrels a day to compensate for missing ... Read More

Oil Up with US Stockpiles Shrinking

(Bloomberg) — Oil extended gains after closing near a five-month high in New York on Wednesday as U.S. crude stockpiles declined more than expected, offsetting expanding fuel inventories and softer demand. Crude stockpiles slid to the lowest level since April, falling more than double the m... Read More
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