Are Weir’s SPM® QEM 3000 Frac Pumps any good?

Weir’s SPM® QEM 3000 Frac Pump Looks and Performs Like New After 3,000+ Demanding Field Hours.

The QEM 3000 features the industry’s largest roller bearings to more efficiently distribute load stress. After 3,200 hours of extreme, continuous-duty operation, these look brand new.
Weir Oil & Gas. Read more

China Moving In On The U.S LNG and Shale Boom

China Petroleum and Chemical Corp (Sinopec), Bank of China and CIC Capital Corp signed a joint development agreement with Alaska Gasoline Development Corp and the State of Alaska to jointly build an integrated liquefied natural gas (LNG) system valued at $43 billion.

China Energy Investment Corp signed a memorandum of understanding with West Virginia state to invest $83.7 billion in shale gas, power and chemical projects. Read more

Crude oil prices are trending up

Crude oil prices are projected to range between US$58 and US$68 per barrel over the next few months in tandem with industry expectations, according to Hibiscus Petroleum Bhd managing director Dr Kenneth Gerard Pereira.

He said the benchmark Brent crude oil, currently trading at US$63 per barrel, was a strong indication of underlying demand due to growing world population.

“Crude oil prices are strong and trending up, it is not as volatile as it was before,” he told reporters at the Hibiscus Petroleum corporate and business update here yesterday. Read more